1,400 Millionaires Paid No U.S. Income Taxes, Bank Of America Signs HUD Settlement Over Mortgage Fraud, The Secret History Of Treasury's ESF, How NOT To Live Your Life According To The Dalai Lama (LINKS)

Stories from around the web tonight.

• Bank Of New York Begins CHARGING Customers For Large Deposits
• 1,400 Millionaires Paid No U.S. Income Taxes In 2009
• Is The Real U.S. Debt Figure $211 Trillion? - ABC News
• Bank Of America Signs HUD Settlement Over Mortgage Fraud
• EU begs for huge new BAILOUT as stocks, euro tumble
• Peter Schiff - Double-Dip, Nope...It's A Depression
• UBS banker charged with helping hide $215 million in secret Swiss accounts
• Another HUGE Treasury Rally Thursday
• Bank Chaos In Greece, Italy, Spain, Portugal
• How EVERYONE Voted On The Debt Ceiling Bill
• Credit, Debt And Wealth - Let Them Fail!
• CHART OF THE DAY - Apple's Cheap Stock Price
• BofA Seeking Yet Another Get-Out-Liabilty-Free Card For Fraud
• Eric deCarbonnel On The Secret History Of Treasury's ESF
• How NOT To Live Your Life According To The Dalai Lama - MUST SEE
• PHOTO - Washington, You're Fired!

Comments

[DailyBail]

Gold & Silver Are Moving Higher… Much Higher! Says Analyst

http://finance.yahoo.com/blogs/breakout/gold-silver-moving-higher-much-higher-says-analyst-141148041.html

[DailyBail]

U.S. Consumer Confidence Drops to Minus 47.6 in Bloomberg Index on Economy

http://www.bloomberg.com/news/2011-08-04/u-s-consumer-confidence-drops-to-minus-47-6-in-bloomberg-index-on-economy.html

[DailyBail]

(Reuters) - The United States has a jobs problem and there's not a lot President Barack Obama or Federal Reserve Chairman Ben Bernanke can do about it.

http://www.reuters.com/article/2011/08/03/us-usa-policymakers-idUSTRE7725O920110803

[DailyBail]

SYDNEY (MarketWatch) — Asian shares nose-dived on Friday, joining in a global rout as debt and economic growth fears rise, with energy and financial stocks among the worst performers.

In Hong Kong, the Hang Seng Index HK:HSI -4.75% fell 4.8%, while the Shanghai Composite index CN:000001 -1.55% dropped 1.9%.

Japan’s Nikkei Stock Average JP:NIK -3.72% tumbled 3.7%, while Australia’s S&P/ASX 200 index AU:XJO -3.89% fell 4%, and South Korea’s Kospi KR:0100 -3.67% dropped 3.5%.

http://www.marketwatch.com/story/asia-shares-plunge-to-join-in-global-rout-2011-08-04

[DailyBail]

5 money moves Gary Shilling is making now

http://www.marketwatch.com/story/5-money-moves-one-recession-forecaster-is-making-2011-08-05

[DailyBail]

SAN FRANCISCO (MarketWatch) — Central banks in emerging markets have decided that it’s not too late to join gold’s party.

South Korea and Mexico are among the nations whose central banks have been ramping up gold holdings lately — and they’re willing to pay the highest-ever prices for an ounce of gold to do it, even though gold’s latest rally began more than a decade ago.

http://www.marketwatch.com/story/central-banks-hint-its-not-too-late-to-buy-gold-2011-08-05

[LiberatedCitizen]

The smart money is hoarding cash tons and tons of cash so much so that it costs the bank of NY that's what that is all about.

Dear America: Austerity Is Going to Hurt

http://www.cnbc.com/id/44020302