Tuesday, September 21, 2010

Today is another day like any other day.

Iranian President Mahmoud Ahmedinejad is in New York for the annual meeting of the U.N. general assembly and he made sure to take time out of his busy schedule to threaten the United States saying that if the US supported Isreal in an attack against Irans nuclear facilities the U.S. would be unprepared for the consequences and that such a war "would know no boundaries" and that "war is not just bombs." Full Story

Would you like your money to be worth more or less? Well if you are our government then your answer would be less, they like inflation because it means their massive debt will actually be less when it is paid off. But to you and me it means things like Wal-Mart eliminating their "rollbacks" on grocery items and actually raising their prices by 5.8% in July from June. Full Story

So if you care about protecting your wealth now you might want to consider silver which is still considered cheap when compared to gold. Historically speaking gold sells at 55 times the price of silver and as of today it is selling at a 61:1 ratio so silver is a bargain for now. Full Story

Fed met on Tuesday to decide what, if any, further actions they would take to help stem the economic mess we currently find ourselves in. They where quoted as saying that it “is prepared to provide additional accommodation if needed to support the economic recovery” suggesting that they may buy more treasury bonds so our government can continue to spend more. Full Story

U.S. net worth has dropped from $64.2 trillion to $53.5 trillion since its peak in 2007. Full Story

And now for our well duh headline of the day: Swallowing Disc Batteries Can Severely Injure A Child's Esophagus

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