Federal Reserve under pressure from Congress to disclose identifying borrowers from its regular lending programsFred Day Sep. 26, 2009
Rep. Barney Frank (D., Mass.), chairman of the House Financial Services Committee, said the central bank's loans and securities transactions should be disclosed, with a lag to avoid a short-term influence on financial markets.
"You don''t have a right to go to a federal agency, borrow money [and] keep it secret forever," Mr. Frank said of financial institutions.
"We don''t want public entities buying and selling securities with nobody ever knowing," he said. "We want there to be publicity. We don''t want there to be a market effect in the near term."
The Fed has long resisted identifying borrowers from its regular lending programs -- such as the discount window, which provides short-term loans to banks -- fearing disclosure could discourage use of the programs by firms that need support.

Source:-

http://www.indiadaily.com/editorial/20889.asp

IRAN DUMPS DOLLAR RESERVES FOR EURO!
News 6 days ago.
Source:-
www.livespotgoldprice.com

World to America: We Want Our Gold Back
September 15, 2009 From theTrumpet.comIt is not just China that is attacking the Anglo-Saxon financial system.BY ROBERT MORLEY

The world is preparing to abandon the U.S. dollar and the UK pound. Pronouncements from Hong Kong, the United Arab Emirates, Switzerland and Germany have made clear that the Anglo-Saxon financial system’s doom is only a matter of time.
A huge announcement out of Hong Kong rattled the financial world on September 3. Although big media relegated the story to the back pages, it should have been front and center! What’s the news? China is demanding its gold back.
“Hong Kong is pulling all its physical gold holdings from depositories in London,”reported MarketWatch (emphasis mine throughout).
From this link:-
http://www.thetrumpet.com/index.php?q=6546.5025.0.0

IMF May Be Selling 403 Tonnes Of Gold Starting Next Month.
Link added on 19/9/09.

http://beta.thehindu.com/business/article22321.ece?homepage=true

The USA MAKES A MONKEY OF INDIA!

The USA has treated India with comtempt after the so called "INDO-US Nuclear Deal" ,of 2005!Here's the link:-

http://beta.thehindu.com/news/national/article21803.ece?homepage=true

Global Shipping Industry in Shambles!
The following is from Daily Mail,UK.
The biggest and most secretive gathering of ships in maritime history lies at anchor east of Singapore. Never before photographed, it is bigger than the U.S. and British navies combined but has no crew, no cargo and no destination - and is why your Christmas stocking may be on the light side this year Read more:
http://www.dailymail.co.uk/home/moslive/article-1212013/Revealed-The-ghost-fleet-recession-anchored-just-east-Singapore.html
  Link added on 17/10/09
http://www.latimes.com/business/la-fi-ports17-2009oct17,0,4849546.story

http://www.globalresearch.ca/index.php?context=va&aid=15126
The link mentions about the possibility of China reneging the Derivative contracts among other things.Very revealing!

http://www.indiadaily.com/editorial/20807.asp
Japanese unemployement shocks the world - the deflation and depression come like mega Tsunami Sam Adelton Jul. 30, 2009
Summer bonuses at Japan’s largest companies will slide a record 25 percent this year. Staggering rise in unemployment and resultant deflation is a major problem in Japan and the rest of the world.
It is not only unemployment but the underemployment that is creating havoc in japan and the rest of the world. The wages are not able to cope up with rise in price for the same standard of living. The resultant underemployment is increasing the debt and decreasing the household assets.
The jobless rate advanced to 5.4 percent from 5.2 percent in May, the statistics bureau said today in Tokyo, higher than the 5.3 percent median forecast of economists surveyed. Consumer prices excluding fresh food, the central bank’s preferred gauge, fell a record 1.7 percent in June, a separate report showed.

This writer had correctly predicted the Financial Crisis.Had I paid heed,I would have been,richer today.

http://www.indiadaily.com/editorial/20849.asp
Gap in personal income and personal spending data show people are dipping into debt again – the bear market getting ready for acceleration downward Paula Zuba Aug. 2, 2009
On Tuesday, 4th of June, Personal income and spending data will be available. The market expects a decline 1.0% in personal income and a steady rise of 0.3% in personal income. The PCE deflator is expected to rise 0.3% month over month. That shows that people are just coping up with the in built inflation pressure within a depressed economy.
The huge gap between income and spending growth manifest the fact that people are dipping into debt again. Some of these are home equities and credit card loans. But the bulk of it is 401(k) loans. The net result is devastating. The economic meltdown is just on hold and is counting time.
The bear market getting ready for acceleration downward.

http://www.indiadaily.com/editorial/20850.asp
Nonfarm payrolls to dip around 400K, unemployment rate to edge up to 9.6% - bond market and stock market both may decline Marla Guthie Aug. 2, 2009
According to many analysts, the stock market and the bond market is counting time before declining in a concert.
On August 7, 2009, Friday, around 8.30 AM EST, the labor department will announce the unemployment rate and change in norfarm payroll for July. The market expects a decline in number jobs in the order of 400,000. The unemployment will rise to a historic 9.6%.
The bond market is concerned about the slowing down of the layoffs. The stock market is concerned about the increasing unemployment rate. The biggest issue is overlooked though in these reports. The underemployment rate is rising very rapidly to a historic 60%. That means only 30% of US population is employed with appropriate remuneration. That is a huge wage deflation. At the same time shortage of commodities constitute a massive inflation.
The bond market and stock market both may decline because of the lower projected standard of living in coming months and years. The bond market faces a huge budget deficit.

http://www.indiadaily.com/editorial/20851.asp
With such staggering budget deficit why is gold market not taking off? What will happen to gold price in the next 12 months? Peter Oberois Aug. 2, 2009
Analysts are perplexed that the gold market is somewhat stagnant and cannot move up in spite of staggering budget deficits in the US and Europe.
Gold price is a function of inflation, monetary and fiscal uncertainty, and currency weakness. The budget deficit calls for a $3000 per ounce gold price. The dollar weakness is obvious. But why is then gold price stuck between $750 and $1000 an ounce for the last several years?
The answer lies in the inflation front. The wage deflation is massive. 70% of the US population is underpaid. That is called underemployment. Whether a person is in the unemployment line or is forced to take a job for less money, the person is underemployed. The outsourcing of services also affects the unemployment. The staggering debt servicing commitment also adds to underemployment effects. The increased taxation also contributes to less money available for buying goods and services.
What happens to gold in the next several years? Underemployment is saturated. There are not many people left to be underemployed any more. The commodity inflation will continue. The budget deficit will grow more rapidly as underemplyment erases the tax base of the local, state and Federal Governments. Gold is showing sign of a new bull market. Gold rise to $1500 per ounce in the next one year.

http://www.indiadaily.com/editorial/20877.asp
Next phase of financial meltdown to start now - In the U.S. and many other countries, the too-big-to-fail banks have become even bigger: Joseph Stiglitz, the Nobel Prize- winning economistMarla Guthrie Sep. 13, 2009
The biggest financial financial downturn is about to start. The unemployment may shoot to 20%, most major banks will fail. Dollar will collapse. Stock market will crash. Real estate will get wiped out.
Joseph Stiglitz, the Nobel Prize- winning economist, said the U.S. has failed to fix the underlying problems of its banking system after the credit crunch and the collapse of Lehman Brothers Holdings Inc.
“In the U.S. and many other countries, the too-big-to-fail banks have become even bigger,” Stiglitz said in an interview today in Paris. “The problems are worse than they were in 2007 before the crisis.”

http://seekingalpha.com/article/161041-g20-inflating-the-global-economy-to-prosperity

G20 Is Inflating Global Prosperity,as per the above link.

This is a good site for Investors and Traders.