Friday, February 22, 2008

More Dollar problems

It's Time to Dump the Federal Reserve

By Mike Whitney

Many of the banks are technically insolvent already, hopelessly mired in their own red ink. Public confidence in the nations' financial institutions has never been lower. Monetary policy and deregulation have failed. The system is self-destructing. Continue

Oil, gold prices strike historic highs : The price of oil touched an all-time peak of 101.32 dollars a barrel on Thursday, lifted by fears of supply disruptions according to traders.

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