TV News LIES

Wednesday, Aug 24th

Last update05:20:13 AM GMT

You are here News Editorials Prairie2: Birds of different feathers chase different bugs

Prairie2: Birds of different feathers chase different bugs

E-mail Print PDF

Chinese goldThe markets all tanked again today on ginned up fears that the Federal Reserve is raising interest rates. But it was gold that fell right through the floor losing well over 5% in one day to $1280 per oz.

Gold has lost a third of its value from the peak when the Gold Bugs were sending me nasty mail about me advising people to ignore Glenn Beck.

This week's new unemployment claims jumped back up again, but they're still not so high as to be a real problem.

The big 'scary' news all the 'experts' are cackling about (between chasing June Bugs they predict the sky is falling), the big news is that China's banks are having problems borrowing overnight from each other with rates for single day borrowing going to as high as 25% (annual rate).  China's Central bank is refusing to pump in money, or rather it is just silent, and the 'Chicken Littles are saying this signals the 'end times'. There is of course a more reasonable explanation.

More...


Most Recent Related Stories...


Alex Baer: Home of the Knave, Brand of the Tweet

trump moneyIt's taken us all longer that it should have to arrive at the obvious:  Trump was...

Alex Baer: No Prisoners, No Apologies, No Rules

no regretsNo matter how many toys, gadgets, and gizmos we create, we're still batting zero in social...

Alex Baer: Scratching While Shooting the Magic 8-Ball

Magid trump eight ballIn pool, having the cue ball leave the table -- jumping a bumper or plunging down...

Alex Baer: Working to Live It Up (and Down)

Alex Baer  working to Live it UpThere are still some things in life worse than working for a living.  That's not immediately...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!