Posts Tagged ‘debt’
Another Gold Take Down With A Twist
Gold and silver reversed some of their losses yesterday. The silver supply is still tight. Andy Hoffman spoke to Kerry Lutz of the Financial Survival Network about another credit downgrade by Moody's, US debt, and the metals markets. Andy Hoffman – Another Gold Take Down With A Twist
The Irrational Maestro
Read the Friday Afternoon Wrap-Up for 3/15/2013, Weekend Thoughts, and the Monday Morning Commentary for 3/18/2013 There are a handful of events one remembers like they “just happened yesterday.” 9/11 is tops on the list – as I was there; as well as the Reagan assassination attempt, Magic Johnson announcing he had the HIV virus, and the [...]
Custer’s Last Stand
I mentioned last Friday that I thought it was an important day. We traded down to the $1,560 level in gold which was the 3rd or 4th time. At the time we were down $18 or so and again near that $1,560 level, I thought that a turnaround from there would begin to solidify the bottom process. We did in fact get a positive close (albeit only 60 [...]
Why Is the Middle Class Running Out Of Money?
READ THE FULL NEWSLETTER “Buffett: Economy ‘Dead in Water’ Without Bernanke” – headline from MoneyNews.com If you look at the performance of the large banking stocks or even the Dow and S&P 500, you could come to the conclusion that the economy is growing. Certainly, there are some aspects of the economy that are healthy, [...]
France’s Death Knell
Read the Monday Afternoon Wrap-Up for 2/25/2013 and the Tuesday Morning Commentary for 2/26/2013 Most Americans are so self-centered, they don’t understand an ENTIRE WORLD exists outside their borders. With just 4% of the world’s population and 25% of its GDP - much of it related to fraudulent, unproductive financial businesses - America [...]
Sequester Time… Credibility Beckons?
Tick tock, tick tock, the clock is running. Time is running out before the budget "sequester" kicks in. Even our president spoke about it today and warned of the "dire consequences" that would accompany it. All sorts of programs and "benefits" will be cut and ..."will be bad for the economy." Basically "life as we KNEW it" will change... [...]
End… of Ponzi
I saw an ad on TV last night that said, "Don't worry about Social Security, WE'LL be there when you need us." Think about this, really? Basically, they are saying that if the U.S. government goes "insolvent," THEY "will be there for you!" How stupid is this marketing campaign? Social Security goes bust which theoretically cannot happen as [...]
Unfortunately, Reality Awaits!
Source: Chart Of The Quarter: $312 Billion In Debt "Adds" Negative $5 Billion In GDP Zerohedge put out the above chart today showing the Q4 increase in debt versus the "growth" generated from it. Lo and behold... $312 billion of extra and incremental borrowings created a NEGATIVE $5 billion worth of growth. GDP was reported as negative in the [...]
How Do I Choose What to Write About
Many people have asked me, "How do choose what to write about?" This is easy to answer, I usually watch CNBC in the morning and usually after only 5 or 10 minutes I hear something that is blatantly false and point my finger at the TV and call "BULL." Many times I will read Drudgereport and see an article of interest and "think forward" as to [...]
The Interest Rate Demon
Read the Monday Afternoon Wrap-Up for 1/7/2013 and the Tuesday Morning Commentary for 1/8/2013 By now, it should be crystal clear that PHYSICAL gold and silver are the ultimate “Achilles Heels” of the GLOBAL FINANCIAL SYSTEM. As the only substances meeting the age-old definition of MONEY, PMs are the standard against which ALL fiat [...]
