Wall Street Journal: US Mint Halts Gold-Coin Sales

As gold prices tumbled from their highest level ever, investors and collectors loaded up on one-ounce “American eagle” gold-bullion coins. The buying spree came to an abrupt halt this week after the U.S. Mint stopped selling the coins for the first time since production began 20 years ago.


David Gothard

“Due to the unprecedented demand…our inventories have been depleted,” the Mint — part of the U.S. Treasury Department — told its dealers Friday. “We are therefore temporarily suspending all sales of these coins.”

The move shocked sellers and collectors of the coins, which are the most widely traded in the U.S. Suppliers became angry as they turned away customers. Theories about the decision’s underlying cause ran rampant — from investors in gold futures to Russia’s invasion of Georgia.

“This whole thing started about the time the Ruskies made their move,” a collector noted in an Internet chat room called goldismoney.info. “It may very well be that the USGovt is preparing for the real financial meltdown by hoarding all remaining gold flows.”

The Mint says it simply was wiped out. It has sold 311,000 ounces of the coins this year — about 50% more than in all of 2007. In the first few weeks of August alone, buyers snapped up 63,500 ounces.

“We are working diligently to build up our inventory and hope to resume sales shortly,” the Mint wrote in a memo to dealers.

The United States Mint
The U.S. Mint has stopped selling American eagle gold-bullion coins.

Read moreWall Street Journal: US Mint Halts Gold-Coin Sales

Pravda: Bush, Cheney and Rice; Hitler, Himmler and Goebbels

With what moral authority do these mainstays of the neoconservative, corporate elitist, greedy, self-interested Washington regime speak, when in their own closet there are skeletons labelled Abu Ghraib, Iraq, Guantanamo, mass murder, war crimes, illegal invasion, torture, illegal detention, disrespect for international law, denial of due process, rape…?

Read morePravda: Bush, Cheney and Rice; Hitler, Himmler and Goebbels

Jim Rogers Predicts Bigger Financial Shocks

VANCOUVER, B.C. – The U.S. financial crisis has cut so deep – and the government has taken on so much debt in misguided attempts to bail out such companies as Fannie Mae (FNM) and Freddie Mac (FRE) – that even larger financial shocks are still to come, global investing guru Jim Rogers said in an exclusive interview with Money Morning.

Indeed, the U.S. financial debacle is now so ingrained – and a so-called “Super Crash” so likely – that most Americans alive today won’t be around by the time the last of this credit-market mess is finally cleared away – if it ever is, Rogers said.

Read moreJim Rogers Predicts Bigger Financial Shocks

The CCTV cameras spying on hundreds of classrooms

CCTV monitors classrooms at one in 14 schools, according to a survey.

The poll of teachers also found that almost a quarter feared there might be more cameras hidden around the campus that they did not know about.

Most said their schools were fitted with surveillance cameras. Almost 80 per cent said there were cameras at the entrance and more than 7 per cent said there were some in classrooms.

Nearly 10 per cent of teachers polled by the Association of Teachers and Lecturers said there were cameras in the lavatories.


Big brother is watching you: One in 14 schools is monitored by CCTV

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Goldman Sachs analyst recommends shorting shares of Citigroup

NEW YORK (AP) — A Goldman Sachs analyst has recommended a short-selling strategy for shares of Citigroup Inc., noting the bank is still heavily exposed to the troubled mortgage and consumer credit markets.

In short-selling, an investor borrows shares of a company and sells them, betting the stock will go down. The investor then buys back the shares, repays the loan and — if the strategy worked — pockets the difference as a profit.

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Metropolitan Wastewater Ends Up In Urban Agriculture


Wastewater is most commonly used to produce vegetables and cereals (especially rice), according to this and other IWMI reports, raising concerns about health risks for consumers, particularly of vegetables that are consumed uncooked.

As developing countries confront the first global food crisis since the 1970s as well as unprecedented water scarcity, a new 53-city survey conducted by the International Water Management Institute (IWMI) indicates that most of those studied (80 percent) are using untreated or partially treated wastewater for agriculture.

In over 70 percent of the cities studied, more than half of urban agricultural land is irrigated with wastewater that is either raw or diluted in streams.

Read moreMetropolitan Wastewater Ends Up In Urban Agriculture

US factory prices rise at fastest in 27 years

Fears that the cost of living in America is rising out of control were heightened today after official data showed that factory gate prices increased at their fastest rate for 27 years.

US producer prices — a measure of the price of goods as they leave the manufacturer — rose 1.2 per cent in July compared with the month before. The increase represented a 9.8 per cent jump from July last year.

Read moreUS factory prices rise at fastest in 27 years

US food prices to post biggest rise since ’90, says USDA

WASHINGTON, Aug 20 (Reuters) – U.S. consumers should brace for the biggest increase in food prices in nearly 20 years in 2008 and even more pain next year due to surging meat and produce prices, the Agriculture Department said on Wednesday.

Food prices are forecast to rise by 5 percent to 6 percent this year, making it the largest annual increase since 1990. Just last month, USDA forecast food prices would climb between 4.5 and 5.5 percent in 2008.

Read moreUS food prices to post biggest rise since ’90, says USDA

Russian Aircraft Carrier heads for Syria

The Russian aircraft carrier “Admiral Kuznetsov” is ready to head from Murmansk towards the Mediterranean and the Syrian port of Tartus. The mission comes after Syrian President Bashar Assad said he is open for a Russian base in the area. The “Admiral Kuznetsov”, part of the Northern Fleet and Russia’s only aircraft carrier, will head a Navy mission to the area. The mission will also include the missile cruiser “Moskva” and several submarines, Newsru.com reports.

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Vaccines Found to Cause Diabetes in Children

(NaturalNews) Two new studies showing that vaccines increase the risk of diabetes have been published in the Open Pediatric Medicine Journal.

In a prior study, published in the journal Autoimmunity, Dr. J. Bartholomew Classen of Classen Immunotherapies and David Carey Classen of the University of Utah compared more than 100,000 children who had received between one and four doses of the hemophilus vaccine with more than 100,000 unvaccinated children. The Classens found that after seven years, children in the vaccination group had a 26 percent higher risk of developing diabetes than children in the non-vaccine group. This amounted to an extra 54 cases of diabetes per 100,000 children vaccinated.

Read moreVaccines Found to Cause Diabetes in Children