Hugo Salinas-Price on the Nature of Money and Why Silver Should Be Legal Mexican Currency

Hugo Salinas Price, 75, is a successful, retired businessman who lives in Mexico. He has been a follower of the Austrian School of Economics since his youth. He has written three books in Spanish on how and why silver should be instituted as money in Mexico, in parallel with paper money, and numerous related articles in English and Spanish, posted at his website. His organization, the Mexican Civic Association Pro Silver, is actively lobbying the Mexican Congress to approve legislation, which will institute the pure silver "Libertad" ounce as money.

US money supply plunges at 1930s pace as Obama eyes fresh stimulus

The M3 money supply in the United States is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933, despite near zero interest rates and the biggest fiscal blitz in history.

FHA Home-Financing Volume Sign of ‘Very Sick System’ (Update2)

Loans guaranteed by the Federal Housing Administration, the U.S.-owned mortgage insurer, may be involved in more home-purchase transactions than borrowing financed by Fannie Mae and Freddie Mac.

British gold fund manager cites GATA on CNBC Europe

CNBC Europe's "Squawk Box" program interviewed Ben Davies, CEO of Hinde Capital in London and co-manager of its gold fund, and he remarked seditiously that "central banks and governments are very good at obscuring facts," that there is some doubt that the United States has the 8,000 tonnes of gold it claims to have, and that GATA has brought legal action to try to find out.

Kevin Rudd to backflip on mining tax rate

THE Rudd government is moving towards a major backdown on its $12 billion tax on resources, redefining its proposed super-profits levy, but the big mining companies have declared the changes do not stop the risk to investment in Australia.

Crisis Hits Greek Tourism as Cancellations Soar

The Greek tourism industry, which was hoped to contribute to the country's recovery, is in crisis. Hundreds of hotels are for sale, and visitor numbers are in sharp decline. The cash-strapped government is hardly in a position to help.

Volatility Index 20 Year Chart

Given today’s volatility — we gapped down 2.5%, now are climbing to minus 1.5% – today’s lunchtime chart is this fascinating look at the long term history of the VIX, below