Weekly News Wrap-Up 8/12/2011
The stock market had a wild ride this week. It was more like a bucking bronco than a way to save and invest your hard earned money. The market seems to have turned into a violent casino, only the Wall Street sharks and short sellers will come out on top. Riots in the UK are so out of control that the British government is thinking about spraying rioters with purple dye to identify them later. Never mind the reason why the people are upset. Do you think the severe cutbacks caused by banker bailouts have anything to do with the unrest? Thirty good soldiers died in a helicopter crash in Afghanistan. Many special operations personnel from seal team six were on board. Also, gold hits all-time highs at more than $1,800 per ounce. Those stories and a lot more are on the “Weekly News Wrap-Up” for Friday August 12, 2011.