Archive for the 'Economy' Category
U.S. GOVERNMENT SEIZES E-GOLD ACCOUNTS, OWNERS INDICTED
April 29th, 2007It begins. Via: Florida Today: Two Brevard County men and two digital currency businesses they operated in Melbourne have been indicted by a federal grand jury in Washington, accused of running an unregulated financial network that catered to criminals moving money. Tuesday’s four-count indictment, made public Friday, charged e-gold Ltd., Gold & Silver Reserve Inc. […]
Wal-Mart Seeks Former Intelligence Officers for Security
April 29th, 2007Via: AP / Houston Chronicle: Wal-Mart Stores has been recruiting former military and government intelligence officers for a branch of its global security office aimed at identifying threats to the world’s largest retailer, including from “suspect individuals and groups.” Wal-Mart’s interest in intelligence operatives comes at a time when the retailer is defending itself against […]
Jeremy Grantham: All the World’s a Bubble
April 28th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. In Money: Going Tactical, I wrote, “We’re looking at this situation and all we see are bubbles. Real estate bubbles. Currency bubbles. Equity bubbles.” What’s the difference between me writing something like that, and someone like Jeremy Grantham saying the same […]
Private Gold Storage “Increasingly Difficult” in the U.S. Says World-Leading Gold Ownership Service
April 28th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. BullionVault makes it too easy for individuals to take their fiat funny money out of circulation, and that has obviously caused discomfort somewhere in the nether realms. Why would Brinks drop a client as large as BullionVault without providing any reason […]
Euro Hits All-Time High Against Dollar
April 27th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. I keep going back to U.S. Dollar Index Breaches Significant Weekly Supports: 80.85 on the U.S. Dollar Index is the critical support. We’re at 81.16 now. We’re approaching The make or break moment. Via: Yahoo / AP: The euro reached an […]
Wal-Mart to Open 400 In-Store “Health” Clinics
April 25th, 2007Will people show up to be diagnosed for diabetes and high blood pressure and then waddle over to the in-store eatery to dine on some tasty freedom fries, reconstituted chicken parts and 100% synthetic cheeze food? Wash it all down with a slurpee? Pick up prescriptions for ineffective and dangerous pharmaceuticals from the in-store pharmacy […]
New Cryptogon Sponsor: Financial Web
April 25th, 2007I’d like to thank Financial Web for their generous sponsorship of Cryptogon. Financial Web covers a very wide variety of topics, many of which we all have to deal with at some point or another. With financial matters, and overall strategic planning, my advice is: Get into a situation that eliminates your reliance on luck […]
Oblivion: National Survey Reveals More than 70% of Americans Don’t Know Plastic is Made from Oil
April 23rd, 2007The fact that some ADM-related thing purports to have “solutions” to the plastipocalypse just enhances the sense of oblivion that pervades these issues. On the one hand you have knuckle dragging people who will trample each other for bargains at WalMart, and on the other hand, you have ADM with “solutions.” In other news, 79% […]
UK: Lenders Withdraw Fixed Rate Mortgages
April 20th, 2007Via: Guardian: Borrowers seeking protection against a potential interest rate rise next month are seeing the choice of fixed-rate mortgages dwindle as lenders pull some of the best-buy deals. Tuesday’s shock rise in inflation has prompted a number of lenders to withdraw or review their range of fixed deals, while others have increased the cost […]
CALIFORNIA FORCLOSURES INCREASE 800%
April 18th, 2007Via: Los Angeles Times: Nearly 900 Californians a week are losing their homes because they can’t afford to pay the mortgage — up from about 100 a week a year ago — providing fresh evidence that the housing market’s troubles are nowhere near over. The surge is raising concerns that home prices will soon suffer […]
