Posts Tagged ‘national debt’
Debt Ceiling ‘Suspension’ Expires May 19th
Read the Monday Afternoon Wrap-Up for 5/13/2013 and the Tuesday Morning Commentary for 5/14/2013 The old saying is that “things don’t matter – until they do”; which is EXACTLY what we’re dealing with in regards to the soaring, parabolic debt growth the ENTIRE WORLD has endured since Nixon closed the “gold window” in August [...]
Greek Tragedy
Read the Tuesday Afternoon Wrap-Up for 4/9/2013 and the Wednesday Morning Commentary for 4/10/2013 NOTHING I observe on this crazy, spinning ball is more ironic than Greece’s political, economic, and social collapse. Universally saluted as the cradle of global civilization, ingenuity, and democracy; it has fallen prey to the very hubris [...]
We Made it Through Multiple Wars, a Few Depressions, and Pandemics. We Can Make it Through Our Current Problems Too.
READ THE FULL NEWSLETTER There is some outstanding commentary from LeMetropole Café from Friday. I hope you are checking them out. They are one of the best sources of original information in our areas of interest. Sinclair is on a roll. You can’t miss his take on what is happening now. Gold closed the day and the week at the high [...]
Could Cyprus Happen Here? You Bet it Can – And Will!
Read the Thursday Afternoon Wrap-Up for 3/21/2013 and the Friday Morning Commentary for 3/22/2013 I cannot express my view more LOUDLY that the Cypress “bailout” proposal is nothing less than “Financial 9/11”; forever destroying TPTB’s ability to fool the populace by pretending to “have their back”… The End of Systemic Trust: [...]
The Fed is Merely Accommodating the US Government’s Monster Borrowing Needs
READ THE FULL NEWSLETTER Technically speaking, gold needs to reach the $1600 - $1625 area to confirm the uptrend. Better yet, once gold reaches the 200-DMA at $1,664, and silver at $30.70, they are going to blow to the upside. They stay the course – they will continue to purchase $85 billion worth of Treasuries and [...]
Confidence Revisited
Yesterday I wrote how "confidence" makes the world go 'round pertaining to the banks. I want to go one step further with that train of thought. If the confidence of depositors is broken then bank runs logically follow. "Deposit insurance" is a laughable concept, just look at the FDIC. Don't get me wrong, "insurance" makes people feel safe, [...]
What About IRAs?
READ THE FULL NEWSLETTER A reader recently asked me what my thoughts were on IRAs. Last year, I liquidated all of my IRA positions, paid the tax and re-invested the money into physical gold and silver, which now resides in the Brinks vault in Montreal through the Miles Franklin Precious Metal Storage Program. It is obvious that our current [...]
It’s Not the Economy Stupid!
Read the Tuesday Afternoon Wrap-Up for 3/5/2013 and the Wednesday Morning Commentary for 3/6/2013 I have written endlessly of the varying – and changing – meanings of the famous political cry, “It’s the Economy, Stupid!” Created in 1992 by the Clinton campaign, it inferred that since the economy was floundering, incumbents (like [...]
Dictatorship
Senate GOP ponders ceding power to President Obama I usually refrain from writing much about politics because no matter what the opinion someone surely gets pissed off. Normally I just try to put the logic together (which flies in the face of today's many false realities) to help people come to their own conclusions. The above link is news [...]
In what world?
A little bit of simple logic here. In what world could the issuer of the reserve currency borrow more than double the amount of gold reserves they purport (we know they are lying) to have? In what world could this same "issuer" issue double the amount currency of gold reserves they purport (we know they are lying) to enable their treasury to [...]
