Obama: Congressional Leaders Approve Debt-Limit Increase - New York Mercantile Exchange

New York Mercantile Exchange News

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  Obama: Congressional Leaders Approve Debt-Limit Increase

  Updated 30 minutes ago
  President Barack Obama said tonight that leaders of both parties in the U.S. House and Senate had approved an agreement to raise the nation’s debt ceiling and cut the federal deficit that must now be sold to Congress.
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  Asia Stocks, U.S. Futures, Dollar Gain on Deal

  Updated 30 minutes ago
  Asian stocks snapped a three-day loss, U.S. stock futures surged and the dollar gained versus the yen and Swiss franc after President Barack Obama said Congressional leaders reached an agreement to raise America’s debt ceiling

Oil Climbs on Prospect of U.S. Debt-Limit Deal; Funds Bullish on Gasoline

Updated 38 minutes ago

Oil advanced from a two-week low in New York on optimism that lawmakers and President Barack Obama are close to agreement to raise the federal debt limit and avoid a default in the world’s biggest crude consumer.

http://topics.bloomberg.com/new-york-mercantile-exchange/

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Max Keiser: 'America will lose its sovereignty'

RTAmerica | Jul 29, 2011 | 38,249 views

The countdown to armadebtdon carries on and we are just 3 days away from the debt ceiling deadline. If a discussion is not reached will the US lose its AAA rating? The problem is we are not taking in enough revenue to continue spending like we are. Max Keiser of Keiser Report gives us his insight on what that means to the US.
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McConnell: Debt deal within reach

Jul 31, 2011 by CBSNewsOnline

Senate Minority Leader Mitch McConnell (R-Ky.) spoke with Bob Schieffer on how a deal between the White House and the GOP to raise the U.S. debt ceiling is in the works and very close to completion.

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07.31.11: Pelosi: I Have Not Seen Final Product, We May "Not Be Able" to...

by laurenburke007 on Jul 31, 2011

07.31.11: DEBT CEILING CRISIS AT BRINK: Pelosi: We have to Caucus, We May Not Be Able to Agree... more at http://www.crewof42.com

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Stefan Molyneux on the Keiser Report - The Federal Reserve is a Crime!

by stefbot on Jul 28, 2011

This week Max Keiser and co-host, Stacy Herbert, look at gold's standing ovation for the Obama-Boehner debt ceiling theater. In the second half of the show, Max talks to Stefan Molyneux about the Fed audit and the debt ceiling.
KR on FB: www.facebook.com/KeiserReport

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Gold Plunges as Reid Signs Off on Deal - www.goldalert.com

Gold Plunges as Reid Signs Off on Deal

Sunday, July 31, 2011, 6:30pm EDT Written by GoldAlert Staff.
Gold plunged over $20.00, sinking as low as $1,607.50 per ounce, after Sunday’s news that Senate Majority Leader Harry Reid approved a tentative agreement with leaders of the House of Representatives and the Obama administration to raise the U.S. debt ceiling.


http://www.goldalert.com/2011/07/gold-plunges-as-reid-signs-off-on-deal/

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Reid signs off on bipartisan debt deal - TheHill.com

Reid signs off on bipartisan debt deal - TheHill.com
By Alexander Bolton - 07/31/11 05:22 PM ET

Senate Majority Leader Harry Reid (D-Nev.) has signed off on a bipartisan deal between President Obama and GOP leaders to raise the debt limit.

After meeting with House Democratic Leader Nancy Pelosi (Calif.) for over an hour and a half on Sunday, Reid and other Senate Democratic leaders must now sell the deal to their caucus.

http://thehill.com/homenews/senate/174595-reid-signs-off-on-bipartisan-debt-deal

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Distribution of U.S. debt holdings. Sept 2010 pie chart.

At the end of the fiscal year (Sept. 2010) the U.S. debt was $13.562 trillion. And to date it has exceeded $14 trillion.




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Top 15 countries by proven oil reserves

March 9, 2011 
Top 15 countries by proven oil reserves
The U.S. government estimates the world reserves totaling 1.35 trillion barrels.

Rank	Country	Oil Reserves	Production	Consumption
1.	Saudi Arabia	260 billion barrels	9.76 million barrels	2.43 million barrels
2.	Canada	175.2 billion barrels	3.29 million barrels	2.15 million barrels
3.	Iran	137.6 billion barrels	4.18 million barrels	1.69 million barrels
4.	Iraq	115 billion barrels	2.4 million barrels	636,000 barrels
5.	Kuwait	101.5 billion barrels	2.5 million barrels	372,000 barrels
6.	Venezuela	99.4 billion barrels	2.47 million barrels	723,000 barrels
7.	United Arab Emirates	97.8 billion barrels	2.79 million barrels	492,000 barrels
8.	Russia	60 billion barrels	9.93 million barrels	2.74 million barrels
9.	Libya	44.3 billion barrels	1.79 million barrels	264,000 barrels
10.	Nigeria	37.2 billion barrels	2.21 million barrels	272,000 barrels
11.	Kazakhstan	30 billion barrels	1.54 million barrels	241,000 barrels
12.	Qatar	25.4 billion barrels	1.21 million barrels	147,000 barrels
13.	China	19.2 billion barrels	9.14 million barrels	18.81 million barrels
14.	United States	19.2 billion barrels	9.14 million barrels	18.81 million barrels
15.	Brazil	11.65 billion barrels	2.57 million barrels	2.52 million barrels

Source: http://www.eia.doe.gov/

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Top 20 gold holding countries - 2011

 March 16, 2011
Here is a list of the top 20 gold holding countries.

Rank                  Country                                Gold(tonnes)

1.                            United States                10,792.6
2.                            Germany                        3,401.8
3.                            Italy                                 2,451.8
4.                            France                            2,435.4
5.                            China                              1,054.1
6.                            Switzerland                    1,040.1
7.                            Russia                              775.2
8.                           Japan                                765.2
9.                            Netherlands                    612.5
10.                         India                                  557.7
11.                          Taiwan                             423.6
12.                          Portugal                           382.5
13.                          Venezuela                        363.9
14.                          Saudi Arabia                   322.9
15.                          United Kingdom             310.3
16.                          Lebanon                            286.8
17.                          Spain                                  281.6
18.                          Austria                               280.0
19.                          Belgium                              227.5
20.                          Philippines                        175.9

http://exclusiveeconomy.com/2011/03/worlds-top-gold-reserves-by-countries/

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