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Banking system near collapse, Turk tells King World News
12:40p ET Wednesday, December 7, 2011
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk today tells King World News that the European banking system nearly collapsed last week under the weight of withdrawals, that national overindebtedness is always followed by currency devaluation, and that gold and silver still seem to him to be poised for a breakout. An excerpt from the interview has been posted at the King World News blog, under the headline "The Banking System Is on the Verge of Collapse," here:
Note that King World News does many more interviews with financial market figures than GATA calls to your attention and that you can check out the recent list at the bottom of the Turk interview page.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Be Part of a Chance to Discover
Multi-Million-Ounce Gold and Silver Deposits in Canada
Northaven Resources Corp. (TSX-V:NTV) is advancing five gold and silver projects in highly prospective and politically stable British Columbia, Canada.
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Vancouver Resource Investment Conference
Sunday-Monday, January 22-23, 2012
Vancouver Convention Centre West
Vancouver, British Columbia, Canada
California Investment Conference
Saturday-Sunday, February 11-12, 2012
Hyatt Grand Champions Resort
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The United States Once Again Can Establish
a Stable Dollar Worth Its Weight in Gold
Lewis E. Lehrman, chairman of the Lehrman Institute, sponsor of The Gold Standard Now project, has released a plan to restore economic growth through a stable dollar.
The plan, titled "The True Gold Standard: A Monetary Reform Plan Without Official Reserve Currencies," responds to the recurrent economic crises of the last century and outlines a detailed proposal for America's leadership on "how we get from here to there." That is, how we get from the present unstable paper dollar to a stable dollar as good as gold.
James Grant, author and editor of Grant's Interest Rate Observer, says of the Lehrman plan: "If you have ever wondered how the world can get from here to there -- from the chaos of depreciating paper to a convertible currency worthy of our children and our grandchildren -- wonder no more. The answer, brilliantly expounded, is between these covers. America has long needed a modern Alexander Hamilton. In Lewis E. Lehrman the country has finally found him."
To learn more and to sign up for The Gold Standard Now's free, noncommercial, weekly report, "Prosperity through Gold," please visit: