Since the depths of the financial crisis in early 2009, the Dow Jones Industrial Average has soared 105%, rising from 6,627 on March 2, 2009 to a recent high of 13,610 on October 1, 2012. At the bottom in early 2009, most investors were contemplating the collapse of the entire U.S. financial system and the […]
The Entire Eurozone Has Entered The Dark World Of Economic Depression
November 2, 2012 Leave a Comment
Both governments and banks are insolvent across Europe. The only finger in the dike that is preventing a broad economic collapse is the rampant printing of money by the European Central Bank. Unfortunately, printing money has never resulted in economic prosperity, it simply delays the final collapse of insolvent governments. Depression levels of unemployment throughout […]
Will The U.S. Confiscate Gold Again?
October 31, 2012 Leave a Comment
Many precious metals investors are worried that the United States may decide to confiscate gold again, as was done in 1933 when President Roosevelt signed Executive Order 6102. Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates […]
Debt Settlement Firms Often Put Consumers In Worse Position
October 27, 2012 Leave a Comment
It seems so compelling – make a simple phone call and a debt settlement company will take it from there by negotiating down your debts and making you debt free in just a couple of years. Most consumers, at their own peril, never seem able to remember the maxim that “if it sounds too good […]
Elderly Parents Get Caught In Student Loan Debt Trap
October 27, 2012 1 Comment
The mantra of “go to college, graduate and get a good paying job” has lured countless numbers of young Americans into borrowing ridiculous amounts of money to attend college. Borrowing money to invest in education becomes a specious theory when a majority of graduating students wind up being unable to find a job or are […]
Allen West On Why Democracies Are Self Destructive – Free Everything Cannot Work
September 20, 2012 Leave a Comment
Mitt Romney raised a firestorm with his comments about the large number of Americans relying on government handouts for survival. Adding to the debate, Congressman Allen West of Florida penned a thoughtful reply which concludes that the country cannot survive unlimited dependency. By Rep. Allen West WASHINGTON (MarketWatch) — Gov. Mitt Romney’s comments about the […]
What Is The Value Of Paper Currency?
September 19, 2012 Leave a Comment
Central banks around the world have initiated a policy of virtually unlimited quantitative easing (money printing). Does anyone expect the value of paper money to retain its purchasing power as central banks print endless amounts of new paper money out of thin air? Gold and Silver Blog Japan Joins The QE Race – Who Can […]
It’s Not Your Imagination – Our Living Standards Are Collapsing
September 4, 2012 1 Comment
No one likes earning less this year than last year. If the weekly paycheck is a scoreboard on how well we are doing – then we are all in deep trouble. The Center for American Progress recently published some shocking charts that portray the American middle class besieged by lower income, higher costs for essential […]
The National Debt Will Probably Hit $16 Trillion By The Time You Read This
August 18, 2012 Leave a Comment
The national debt has become the biggest threat to America’s future financial security. No one has a workable solution on reducing the debt. Where we go from here is anyone’s guess but throughout history, the consequences for hopelessly over indebted nations has been the same – outright default or massive money printing that ultimately destroyed […]
Crashing Chinese Stock Market Is A Red Flag For World Economy
August 18, 2012 Leave a Comment
While the Dow Jones Industrial Average approaches all time highs, the Chinese stock market is flashing a bright red warning signal about the world economy. Since China is the world’s second largest economy after the United States, a recession in China is almost certain to negatively impact the global economy. One look at the iShares […]