GGN- Economic News :: November 19, 2010

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PLEASE SUBSCRIBE!!! (WSJ) Palladium has rallied almost 12% over the past two days, spurred by fears that Russia, the world’s largest producer, has exhausted state stockpiles of the precious metal. – (Reuters) – Gold prices were little changed on Friday as the euro bounced on growing confidence that Ireland’s debt crisis will be resolved, but China’s measures to tighten its economy kept bullion under pressure. – (Press TV) US Labor Department figures reflect a rise in new unemployment benefit claims, with a steep jump in the number of people collecting emergency benefits. – (Press TV) Japan’s lower house of parliament has approved a new supplementary stimulus package to tackle the country’s financial woes and push forward with economic recovery. – (Press TV) Italy’s lower house of parliament has adopted an austerity budget for 2011 as official data showed industrial orders falling in September and export growth slowing in October. – (AFP) New York state manufacturing unexpectedly plunged in November, the first contraction since July 2009 when the US economy exited recession, official data showed Monday. – (Press TV) Disappointed property buyers in the UK continue to increase the rental price of their properties, according to a survey by LSL Property Services. HEADLINES US Bond Bubble Ready to Burst While the World Focuses Attention Elsewhere bit.ly Georgetown Professor Tells Congress: “Citigroup, Bank Of America, JPMorgan & Wells Fargo Are All INSOLVENT” bit.ly Soros

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9 Responses to “GGN- Economic News :: November 19, 2010”

  • gradiu3rox:

    communism [ˈkɒmjʊˌnɪzəm]

    n

    1. (Government, Politics & Diplomacy) advocacy of a classless society in which private ownership has been abolished and the means of production and subsistence belong to the community

    Look similar?

  • peterjol:

    ….the simplest way I can think of to explain it to someone who needs a simple explanation……Instead of fighting each other for the worlds resources, we declare the earth and all it’s resources are the common heritage of ‘all’ mankind. We remove the artificial boundaries that divide us. No states, no countries, no borders to defend , no dividing lines …..we are all inhabitants of the planet earth.

  • gradiu3rox:

    If you can’t explain it in a few short posts, then it’s really not worth looking into. It’s only complicated because it’s violent. Human interactions aren’t complicated. It’s when you throw violence in and then try to justify it that things go crazy.

  • peterjol:

    As I say you are making your comments without having ‘any’ understanding at all of a Resource Based Economy and I sure can’t explain it to you in a few short posts. …You have to study all the material on the idea.

  • gradiu3rox:

    Dude/dudette, it’s communism with a different face. What we need to be peaceful is freedom and truth, nothing else. The biggest hindrance to both of those is government. Does your society have rules? If so, it won’t work. Because it takes violence to enforce rules. And violence doesn’t work. Violence does not solve problems, it only makes them worse.

  • peterjol:

    there won’t be any controlling people by force in a Resource Based Economy. If you understood the idea you wouldn’t be making your comments. They are the comments of someone that doesn’t understand it at all.

  • gradiu3rox:

    The starving are starving and the homeless are homeless because they will be shot if they try to get a job. Money only looks evil because it’s being controlled with violence (the government). You are talking about making more violence with one big world government controlling everything. Taking money out of the equation won’t do a damn thing if you are still trying to control people with force.

  • peterjol:

    ???I never said anything about violence. I said support a Resource Based Economy …that will bring peace. The starving only starve because they don’t have enough ‘money’ not because we can’t make enough food…..the homeless are only homeless because they don’t have enough ‘money’ not because we can’t build decent homes for everyone. ‘Money’ itself is our problem.

  • gradiu3rox:

    forget the violence and support peace

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