The Real Financial, Socio-Economic and Political World News July 3 , 2012

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The Real Financial, Socio-Economic and Political World News

compiled by Roy Perlmutter July 3, 2012

Iran lawmakers prepare to close Hormuz Strait
Unsealed Documents Expose Morgan Stanley Forcing Rating Agencies To Inflate Ratings
Barclays libor scandal: lock ’em up – it’s the only way of dealing with abuse like this
Virtually all financial scandals follow the same pattern. First there is the initial exposure of wrong doing, then comes the mitigating claim that it was common practice and everyone was up to it, and finally it emerges that the regulators knew all along but failed to act.
Barclays rate fixing scandal: Parliament to launch inquiry
Eric Sprott: Chairman, CEO & Portfolio Manager of Sprott Asset Management – Eric has over 40 years of experience in the investment industry and manages over $10 billion.  He has been stunningly accurate in his writings for over a decade
Nigel Farage: Van Rompuy, Barroso worst people in EU since 1945
Turk – Frightening Situation, The World Is On A Knife’s Edge
US manufacturing contraction feeds fear of global slowdown
This Will End In Inflation & Destruction of Paper Currencies
James Turk: Where was the German gold?
Gold reentering monetary system
Golden Rule for Prosperity

http://www.forbes.com/sites/steveforbes/2012/06/06/golden-rule-for-prosperity/