According to a leaked cable the increase in China’s gold reserves is intended to “kill two birds with one stone.” Firstly, it serves as a model for other countries to encourage reserving more gold, and therefore less USD. Second, it strengthens the Chinese currency, the Renminbi, so that it can begin to replace the declining USD as the world reserve currency. All of this spells bad news for the American economy.

*Hoffa's Army Goes To War* LONGVIEW, Wash. (AP) — Hundreds of Longshoremen stormed the Port of Longview early Thursday, overpowered and held security guards, damaged railroad cars, and dumped grain that is the center of a labor dispute, said Longview Police Chief Jim Duscha.

WikiLeaks release of a U.S. State Department internal cables on the subject of Beijing’s plan for undermining the U.S. dollar through the gold market

Also located at http://news.goldseek.com/GoldSeek/1315326888.php

Good discussion of the difference between inflation, deflation and stagflation, often confused. July 07 2011 Press TV -- In this edition of On the Edge, Max Keiser interviews Steve Keen, economist and author of the book Debunking Economics.

He says that debts have spiraled out of control and the reason is shadow banking system. The program touches on the correlation between the US-EU debt crisis and the worsening Greek economy.

We’ve all heard the news over the past week; Members of congress and the worlds largest news organizations have been hammering the claim that “if the debt ceiling isn’t raised, the federal government will go into default and our credit rating will drop, resulting in through-the-roof taxes and economic armageddon throughout the world!”. Is this true or a myth? The answer is: it’s a myth. And its obvious right on it’s face.

A visualization of US debt stacked in 100 dollar bills

An interesting article/interview with alternative market activist Brandon Smith on alternative markets, barter systems, local cooperatives, and competing currencies.

The body of a woman who drowned was apparently in a Fall River public pool for two days and remained there while people were swimming in the pool before it was discovered, police said Wednesday.

If you're an enthusiast of both the Bitcoin currency and the Windows platform, you'll want to beware: there's a Bitcoin-specific trojan virus out there that will scan your computer for the unencypted wallet file and acquire your hard-earned digital capital.

This study comprehensively ranks the American states on their public policies that affect individual freedoms in the economic, social, and personal spheres.For this new edition, we have added more policy variables (such as bans on trans fats and the audio recording of police, Massachusetts’s individual health-insurance mandate, and mandated family leave), improved existing measures. based on our data and a survey of state policy experts.