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Entries by Michael Pento from 06/2010

The True World's Reserve Currency is Gold

| Posted 06.03.2010 | Business
Read More: Business News

Since The Bretton Woods Agreement was signed in 1944, the U.S. dollar has been viewed as the undisputed world's reserve currency. Unfortunately, howev...

U.S. Debt Bomb to Detonate 5 Years Early

| Posted 06.16.2010 | Business

A Treasury Department report to Congress last week stated that total U.S. debt will climb to $19.6 trillion by 2015, as opposed to the 2019 date previously estimated.

Fed's Next Move Is to Ease

| Posted 06.23.2010 | Business
Read More: Business News

The current Federal Reserve Chairman is a student of the Great Depression. Although he will, unfortunately, most likely get a chance to study one first hand, this next one will be marked by inflation rather than deflation.

Why The Greater Depression Still Lies Ahead

| Posted 06.30.2010 | Business
Read More: Business News

Messer's Obama, Bernanke and Geithner do not understand the real cause of this debt crisis. They are politicians first and economists or students of the market second; if at all.