Russia, China sign deal to switch to trade in Rubles, Yuan: Russia and China will switch to trade in rubles and yuan to boost bilateral trade and economic cooperation, following an agreement signed between the central banks of both countries, Russian Central Bank Deputy Chairman Viktor Melnikov said on Thursday. "This agreement allows for settlements through Russian and Chinese banks not only in the freely convertible currencies but also in the yuan and the ruble," Melnikov said. MorePeter Schiff: US set to default, silver headed to $200: With gold back above $1,550 and silver firming, today King World News interviewed Peter Schiff, President of Europacific Capital. When asked about the mining shares Schiff stated, “Well I think they are throwing these stocks away. I mean gold is less than $20 from a record high, yet if you look at the HUI (Gold Bugs Index) a 16% rally is what it would need just for the index to get back to where it was when gold was less than $20 higher than its current price. You look at some of the big gold mining companies, Barrick Gold is trading at 10 times forward earnings, 10 times earnings! More
TSA plans screening Americans in their homes: Think you
could avoid the TSA's body scanners and pat-downs by not flying, taking the train or bus, then you're wrong. The TSA wants to come to your home to complete searches on U.S. citizens even if you do not use any public transport. "This is just the next step in our special TSA pre-crime initiative where everyone will be screened before they even embark on any type of journey. We've heard bad things about you folks who are not even traveling or avoiding public places just because you don't want your groin groped or an internal body search. Well, we have news for you, we'll be knocking on your doors at home to body search you there as well," TSA head, John Lacerta Pistole, told the Washington Observer. More
