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QE is all about destroying debt, dollar, Rickards tells King World News
1:40p ET Saturday, November 6, 2010
Dear Friend of GATA and Gold (and Silver):
Market intelligence analyst Jim Rickards tells Eric King of King World News that "quantitative easing" is not about helping the U.S. economy but rather about destroying U.S. debt and the dollar and daring China to sell its U.S. Treasuries back to the U.S. government. Rickards' comments come in the first of a two-part interview with KWN and you can listen to it here:
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/11/6_J...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Prophecy to Become Coal Producer This Year
with 1.5 Billion Tonnes of Resource
Prophecy Resource Corp. (TSX.V: PCY) announced on May 11 that it has entered into a mine services agreement with Leighton Asia Ltd. to begin coal production this year. Production will begin with a 250,000-tonne starter pit as planned in August, with production advancing to 2 million tonnes per year in 2011. Prophecy is fully funded to production and its management team includes John Morganti, Arnold Armstrong, and Rob McEwen.
For Prophecy's complete press release about its production plans, please visit:
http://www.prophecyresource.com/news_2010_may11.php
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