Gold Hits 9-Session High as Politicians Blame Oil-Led Inflation on Speculators, Not Cheap Money
PHYSICAL GOLD BULLION reached a nine-session high at the AM Fix in London on Friday, nearing its first weekly gain in four as world stock markets fell hard and crude oil recorded yet another all-time high.
The US Dollar slid against all major currencies barring the British Pound.
"It's hard to see a clear trend at the moment on Gold," said Michael Widmer, a metals analyst at Lehman Brothers, to the Sydney Morning Herald overnight.
"Probably we are going to bounce around in the near term."
It is becoming harder and harder for Washington and the mainstream media to ignore the ripple effect the collapse of the housing bubble is having on the economy. Inflation is up, cost of food is up, oil and gold are up, foreclosures are up, unemployment is up, government spending is at record highs, its seems that the only thing down is the value of the dollar. The middle and lower classes are getting squeezed as prices jump and wages stay flat.
WASHINGTON (AP) -- The Senate Ethics Committee declined Thursday to investigate Sen. David Vitter, who was linked to an escort service whose owner was convicted in federal court and subsequently committed suicide.
The committee said it declined to pursue the case because Vitter's conduct preceded his Senate service, did not result in charges against him and did not involve use of his public office or status for improper purposes.
WASHINGTON (AP) -- Veterans Affairs Secretary James Peake took heated questions this week on Capitol Hill about whether his agency was withholding information about the number of veterans who are committing suicide.
His testimony was prompted by the disclosure of e-mails during a recent trial that seemed to suggest some VA officials were hiding the number of veterans trying to kill themselves. Peake promised to make the agency more transparent.
Lawyers for Guantanamo Inmates Accuse US of Eavesdropping
One lawyer for Guantánamo detainees said he replaced his office telephone in Washington because of sounds that convinced him it had been bugged. Another lawyer who represents detainees said he sometimes had other lawyers call his corporate clients to foil any government eavesdroppers.
In interviews and a court filing Tuesday, lawyers for detainees at Guantánamo said they believed government agents had monitored their conversations. The assertions are the most specific to date by Guantánamo lawyers that officials may be violating legal principles that have generally kept government agents from eavesdropping on lawyers.
Wednesday, May 7, 2008 Key war on terror architect Douglas Feith has now confirmed Donald Rumsfeld, Paul Wolfowitz and Wesley Clark in admitting that the so-called War on Terror is a hoax.
In fact, starting right after 9/11 -- at the latest -- the goal has always been to create "regime change" and instability in Iraq, Iran, Syria, Libya, Sudan, Somalia and Lebanon so as to protect Israel. And the goal was never really to destroy Al Qaeda.
