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Avoid counterparty risk as financial system topples, Turk tells King World News

Section: Daily Dispatches

5:35p ET Sunday, September 25, 2011

Dear Friend of GATA and Gold:

GoldMoney founder, GATA consultant, and Free Gold Money Report editor James Turk tells King World News this weekend that the Western financial system is wobbling like a top about to fall over, that counterparty risk has to be avoided, and that this can be done only with gold. The interview is 11 minutes long and you can listen to it at King World News here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/9/25_KW...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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Lewis E. Lehrman on How to Solve the U.S. Debt Problem

Lewis E. Lehrman, chairman of the Lehrman Institute, sponsor of The Gold Standard Now project, advises that to reduce the $1 1/2 trillion U.S. deficit, the Republican Party must initiate an investment program.

Working Americans are not saving, which enables the banks to lead the country into a cycle of debt, leverage, boom, panic, and bust.

Lehrman says: Eliminating the budget deficit of a trillion and a half dollars cannot be done overnight. The proposal by U.S. Rep. Paul Ryan was very dramatic -- one Republican called it radical -- but it was not happily received. The solution, of course, is to design an American program for prosperity, because you can solve these entitlement problems with a growing economy. We need a tremendous program of investment, and investment comes from savings. When you pay savers, middle-income professionals, and working people 0 percent at the bank, you are not going to encourage them to save. Then we are left with a bank cycle of debt, leverage, boom, panic, and bust."

To read more and to sign up for The Gold Standard Now's free, noncommercial, weekly report, "Prosperity through Gold," please visit:

http://www.thegoldstandardnow.org/gata