Mini-currency rally is cut short … Is it Japan or U.S.? … Gold stages a rally…  Swiss francs remain well bid…
And Now… Today’s Pfennig!

So Alan Greenspan – former chairman of the Federal Reserve – thinks this equals the Great Crash, if not out-bads it.

There’s a small revolution going on…You see it on TV when the commercials come on. You see it on the front page of your local newspaper. You see it everywhere. New corporations are being formed because of this revolution. And money is flooding into this sector undeterred.

How does the prospect of $4 a gallon gasoline sound to you? Undoubtedly, it doesn’t sound all that great. But what if I said that gasoline prices were headed for the $4 a gallon level, but once they got there, they’d head no higher?

It is this last fraud that has been used to such success by Mogambo Inter-Planetary Industries (MIPI), by which we commit an as-yet legalized extortion by utilizing the word ‘improved’.

When elected officials run out of money, trouble follows… The Vatican: always ready for a siege or a party… Where’s Volcker when you need him…the likelihood of Greenspan becoming the Pope…Truckers protest high gas prices…the major difference between Rome and the U.S. – electronic transfers…and more!

Since the start of the year, the debate over the state of the U.S. economy seems to escalate by the day.

The ongoing subprime mortgage mess, the resultant credit crunch and daily stories about housing defaults, escalating oil prices and lousy corporate earnings only seem to further fuel the debate.

Of course, we all see the government reports and analyst research notes that seem to contradict one another from one day to the next – and sometimes from one hour to the next.

With the banking system going through a period of turmoil, the question of federal regulation will not be going away any time soon. Are market influences enough, or should the government be taking a closer look at how these banks do business.

How does the prospect of $4 a gallon gasoline sound to you? Undoubtedly, it doesn’t sound all that great. But what if I said that gasoline prices were headed for the $4 a gallon level, but once they got there, they’d head no higher?

Stocks Sideways as Earnings Reports Await… Gold Shrugs off IMF Sale Report… Dire Forecast From World’s No. 2 Oil Producer… Food Riots in Africa, Caribbean…and a Worrisome Sign in New York City… Kerr’s Farmer Contacts Bring Bad Tidings on Ethanol Plants, 2008 Crops.