Apathy Online

Via Bloomberg: NY Judge Loretta Preska ruled that the Fed­eral Reserve is not exempt from FOIA requests and must pro­vide records of it’s emer­gency loans to the public.

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GATA pub­lished a report by QB Asset Man­age­ment which states that the US must devalue the cur­rency in order to match the the shadow gold price.

Source: http://www.gata.org/node/7673

Report: “Trade of the Cen­tury?” (PDF)

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Reg­u­la­tors on Fri­day shut down two banks in Florida and one in Ore­gon, bring­ing to 72 the num­ber of fed­er­ally insured banks to fail this year under the weight of the weak econ­omy and ris­ing loan losses.

The Fed­eral Deposit Insur­ance Corp. was appointed receiver of the banks: First State Bank, of Sara­sota, Fla.; Venice, Fla.-based Com­mu­nity National Bank of Sara­sota County, and Com­mu­nity First Bank (FRBA) (CFBN), of Prineville, Ore.

Source: AP News

Sounds like buy­ing silver/gold is not a bad idea right now.

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