East Coast Economic Update: June 18, 2009

Here is the Information you need today:

1. The Obama Administration wants to give the Federal Reserve more power over the banks and all of Wall Street: http://www.bloomberg.com/apps/news?pid=20601087&sid=afydjEJN5RJc

2. The Attorney General over the Federal Reserve to audit them. Watch this disgusting display of non cooperation from a Federal employee to the US Congress (Thanks, TheModernMystic): http://www.youtube.com/watch?v=qF_w2fpiwTg

3. Russia want Gold to be Monetized: http://seekingalpha.com/article/143662-russia-makes-the-first-call-for-the-mo...

4. Export-Import Bank of China and the Russian Bank for Foreign Trade signed a US$700 million framework loan agreement, according to a joint statement from both countries. : http://online.wsj.com/article/BT-CO-20090617-717399.html

Category:

People & Blogs

Tags:

• Russia
• China
• US Economy
• US Treasuries
• Reserve Currency
• Monetizing Gold
• TheModernMystic

[thegreenfamilybooks]

John,

Keep up the good work losing weight. You can do it! I went from 38 waist to 32 in four months. Drink a little black coffee, keeps your metabolism up. Also, If you drink beer (liquid bread) give it up and switch to red wine.

see ya

Dan

[Kittenkattan]

Dan, I am totally on the program. No beer only red wine.

I am being strict because I want to loose the most on my waist line. Thanks for the advice.

John.

[positivevalence]

I suggest cycling, nothing beats it. I do 75 mile a week @40 yrs old. You will see rapid weight loss.

[Kittenkattan]

Believe it or not, I run 15-25 miles a week. I am bad off on my own feet. I am worse with a bike. LOL

Thanks.

Peace.

[boots920]

1776 Gold $20

1971 Gold $35

2000 Gold $265

2009 Gold $1000

Gold price just reflects the TRUTH that the Central Bank with the help of the government is counterfeiting money.

1) You can't have a stable economy with the government counterfeiting money.

2) Your country will turn into a 3rd world dung heap if no goods are manufactured domestically

3) Hyper-Inflation will first destroy your country, then turn you into a slave. (You depend on the Gov. for money)

[dixiegirl999]

Thanks for the update. I too believe we are headed south slowly but surely. It will only get worse from here. Congrats on your diet.

[nextdimensions]

great job! ... all I can add is: KISS method: squats, deadlifts, military press's, bench, basic compound moves ... I've been hitting it for 2 mos. and seen excellent results... :)

[hpd707]

I also began buying silver earlier this year, and I convinced my mother to do the same. :-)

[Hopefl1]

Well I just started purchasing silver. I will leave it at that.

[Kittenkattan]

PUG! I was going to reply to you, I can't find it! Can you PM me the hyperlink?

Let me know.

John.

[patriotsundergod]

So what did you think?

[thegreenfamilybooks]

John,

I am on page 420!!!! I love this book. The wife has read it already this year. I told my buddy about it 3 weeks ago. He has already finished it!!!

And he is now riding me to read all the time. lol

[thegreenfamilybooks]

My family and I watch all 20+ episodes in 12 days. That was just 3 weeks ago. I would recommend watching it. There has been a belief that there would be a comic book continuation of the show. In regard to the Blackjack stuff...who knows, but it does seem to follow with the shows' story somewhat. We just rented it from Blockbuster. But I think it is on Hulu.

[patriotsundergod]

Things are going well here, thanks for asking! I have a good group of Christian Brothers here in Norway who are also preparing for the hard times. I'm hoping gold will come down to $880 for maybe the last good buying opportunity soon. I've gotta get rid of this cash man! Something tells me we are going into the abyss after September.