Dateline: March 8, 2012
One Of The Most Overlooked Aspects Of The Financial Crisis…
An engineer, a biologist and an economist are washed ashore on a desert island… (Read Full Story)
An engineer, a biologist and an economist are washed ashore on a desert island… (Read Full Story)
Cause, Effect & The Fallacy Of A Return To Normalcy
“Thousands upon thousands are yearly brought into a state of real poverty by their great anxiety not to be thought of as poor.” – Robert Mallett (Read Full Story)
“Thousands upon thousands are yearly brought into a state of real poverty by their great anxiety not to be thought of as poor.” – Robert Mallett (Read Full Story)
Why U.S. Gov’t Confiscated Gold in 1933. Can it Happen Again? Part 2
Congress could easily revoke the privilege again. In fact, at no time during this century has the U.S. government recognized the right of private gold ownership. The Trading with the Enemy Act, which President Roosevelt invoked in 1933 to restrict private gold transactions, remains law. (Read Full Story)
Life, Liberty & All That Jazz…
Is a House Ever a Good Investment?
“What do you think? Will it go up in value? You know… not now, but eventually?” I’ve heard the same thing over and over again. In response, I shared my opinion: “Would you pay the current market price to live there even if its value never increased?” If the answer is yes, buy the property.” Essentially, is the house worth it as a home, not as an investment? (Read Full Story)
Bernanke Spooks Gold
This past week, gold and silver experienced one of their steeper drops in recent months.After gold had touched a four month high, and silver… (Read Full Story)
This past week, gold and silver experienced one of their steeper drops in recent months.After gold had touched a four month high, and silver… (Read Full Story)
Fed Flying Blind
In assessing whether to make tough decisions, policy makers tend to weigh the cost of action versus inaction.As critical as we are of our dear… (Read Full Story)
In assessing whether to make tough decisions, policy makers tend to weigh the cost of action versus inaction.As critical as we are of our dear… (Read Full Story)
Why Buy the Cow?
The communist revolutions in the 20th century sought to nationalize the wealth generated by privately held industries back to the “exploited” workers on whose backs the profits were supposedly derived. America has made the rejection of this idea and its support of free market principles the centerpiece of its economic narrative. However… (Read Full Story)
The communist revolutions in the 20th century sought to nationalize the wealth generated by privately held industries back to the “exploited” workers on whose backs the profits were supposedly derived. America has made the rejection of this idea and its support of free market principles the centerpiece of its economic narrative. However… (Read Full Story)
Why Buffett and Gartman are Wrong About Gold
Warren Buffett doesn’t like gold. Neither does Dennis Gartman. That settles it for us: gold must be a table-pounding buy. (Read Full Story)
Warren Buffett doesn’t like gold. Neither does Dennis Gartman. That settles it for us: gold must be a table-pounding buy. (Read Full Story)
IRS offers relief to unemployed taxpayers
The agency said Wednesday it will give certain taxpayers a six-month grace period on “failure-to-pay” penalties, which are typically assessed each month a taxpayer is late paying their taxes. (Read Full Story)
The agency said Wednesday it will give certain taxpayers a six-month grace period on “failure-to-pay” penalties, which are typically assessed each month a taxpayer is late paying their taxes. (Read Full Story)
The Crash of 1929: Part 2
The Basic Annual Income Every American Would Need To Survive Is $150,000
For some, even that’s not enough! (Read Full Story)
For some, even that’s not enough! (Read Full Story)
You’ve Never Seen Anything Like The Town In The Middle Of The North Dakota Oil Boom
Step into the new gold rush. (Read Full Story)
Step into the new gold rush. (Read Full Story)
Alf Field: As Predicted Gold Has Retested $1,685! Could Drop to $1,650 Before Continuing Move to $4,500
In spite of what happened to gold on 29 February 2012, when it dropped from $1792 to a low of $1686, it is still tracking well in line with Elliott Wave expectations. That said… (Read Full Story)
Life, Liberty & All That Jazz…
Ben Bernanke Says That His Son Will Graduate With $400,000 Of Student Loan Debt
Then let him eat some bowls of your rice – Uncle Ben… (Read Full Story)
Paper Gold Selling Met With Heavy Physical Buying
“These physical orders increase exponentially in size going all the way down to $1,650. The bullion banks know that these orders are down there, but obviously it’s all about where the lines cross. So, as I said, these bullion banks are covering like crazy right now. (Read Full Story)
“These physical orders increase exponentially in size going all the way down to $1,650. The bullion banks know that these orders are down there, but obviously it’s all about where the lines cross. So, as I said, these bullion banks are covering like crazy right now. (Read Full Story)
Jim Grant Must Watch: “Capitalism Is An Alternative For What We Have Now“
Jim Grant is simply brilliant in this must watch interview with CNBC’s Bartiromo, which we won’t spoil with commentary, suffice to provide the following pearl of an exchange:Maria Bartiromo: “What are the alternatives?” Jim Grant: “Capitalism is an alternative for what we have now. I highly recommend it.” (Read Full Story)
Jim Grant is simply brilliant in this must watch interview with CNBC’s Bartiromo, which we won’t spoil with commentary, suffice to provide the following pearl of an exchange:Maria Bartiromo: “What are the alternatives?” Jim Grant: “Capitalism is an alternative for what we have now. I highly recommend it.” (Read Full Story)
There is No Such Thing as Sterilized QE… The Fed is Going to Disappoint.
Remember, just last week Bernanke told Congress that no more QE was coming. Also remember that the Fed has been largely using verbal and symbolic interventions to prop up the market rather than… (Read Full Story)
Remember, just last week Bernanke told Congress that no more QE was coming. Also remember that the Fed has been largely using verbal and symbolic interventions to prop up the market rather than… (Read Full Story)
Switzerland Wants Its Gold Back From The New York Fed
Germans are increasingly concerned that their gold, at over 3,400 tons a majority of which is likely stored in the vault 80 feet below street level of 33 Liberty (recently purchased by the Fed with freshly printed money at far higher than prevailing commercial real estate rates for the Downtown NY area), may be in jeopardy,and will likely soon formally inquire just how much of said gold is really held by the Fed. (Read Full Story)
Germans are increasingly concerned that their gold, at over 3,400 tons a majority of which is likely stored in the vault 80 feet below street level of 33 Liberty (recently purchased by the Fed with freshly printed money at far higher than prevailing commercial real estate rates for the Downtown NY area), may be in jeopardy,and will likely soon formally inquire just how much of said gold is really held by the Fed. (Read Full Story)
Obama Phone: Gov to Spend $2.4 Billion On Millions of Free Phones In 2012
“Ahz gotz t’ gitz me mine. Afte’all – itz bein’ paid fo’ wif Obama bucks, an itz fo’ FREE….” (Read Full Story)
“Ahz gotz t’ gitz me mine. Afte’all – itz bein’ paid fo’ wif Obama bucks, an itz fo’ FREE….” (Read Full Story)
If Greek Debt Deal Blows Up–$1 Trillion in Losses!
There are more ways for the world economy to get much worse than there are ways for it to get better. One landmine waiting to be stepped on is the Greek sovereign debt. The IMF and the European Central Bank are running the show, and the deal on the table now requires bondholders to voluntarily take steep cuts. (Read Full Story)
There are more ways for the world economy to get much worse than there are ways for it to get better. One landmine waiting to be stepped on is the Greek sovereign debt. The IMF and the European Central Bank are running the show, and the deal on the table now requires bondholders to voluntarily take steep cuts. (Read Full Story)
