The U.S. debt crisis represents a unique, unparalleled, and unimaginable convergence of circumstances yet, despite the utter gravity of our plight, nothing is being done to change our course. Washington must either muster the courage — and the support of the people — to accept the pain and make the sacrifices of a lifetime … or face the downfall of America. Words: 938
The coming months hold the potential to be the most exciting of the year so far,” a team including Steve Hochberg and Peter Kendall wrote in their latest Global Market Perspective report. “Once the neckline is breached, the measured move for the selloff targets the area surrounding 8,000 [for the DJIA]. Words: 493
A confirmed Hindenburg Omen has occurred prior to every major stock market crash since 1987. In other words, if [we encounter] another Hindenburg Omen [by the end of September], it may be time to head for the hills – if you already haven’t. Words: 836
Stay open minded and think dynamically going forward which means not accepting the status quo, not accepting mass hysteria, not following old models and old economic rules, and using “uncommon wisdom”. Period. That will be the only true way to both psychologically and financially survive not just the next few months, but also the next few years. Words: 949
Voices are clamoring for another stimulus package but… Congress is paralyzed… and the President does not have the political – or financial – capital to make it happen. Words: 1950
The Obama administration is “taking the first steps to confiscate retirement dollars,” according to Dr. Jerome Corsi who predicts that the end result will be retirees with 401(k) plans holding near-worthless government debt “that will be paid off in a devalued currency worth … pennies on the dollar.” Words: 810
The Fed is terrified of the U.S. economy falling into a deflationary death-spiral [whereby] lack of liquidity leads to lower prices, leading to unemployment, leading to lower consumption, leading to still lower prices, the entire economy grinding down to a halt… Both the Federal government and the Federal Reserve are hell-bent on using the same old tired tools to “fix the economy”—stimulus on the one hand, liquidity injections on the other – but it’s those very fixes that are pulling us closer to the edge, [not to the deflationary drain, but a hyperinflationary spiral]. Words: 3040
By Kathleen Peddicord in Yahoo Finance Jason and Elizabeth Pearce moved from Canada to Belize three years ago. They bought a piece of property on the sea. A year later, they built a house. Today, they live in a beautiful Santa Fe adobe-style home with gardens all around. [See 10 Places to Reinvent Your Life [...]
The collapse of U.S. economy is a certainty – only the manner of the economic collapse has yet to be determined. In time the global derivatives bubble will produce the same result which has occurred to every other currency not backed by gold throughout history: those currencies, our “money”, will become worthless. Words: 1433
Over the past six months, the smart money has gone from trying to cash in on the coming hyper-inflation the US will suffer as the Fed desperately tries to re-inflate the economy and destroys the dollar in the process…to reversing course and trying to cash in on a coming deflation.
Share Few investment opportunities arise in our lifetime like silver. The stage is set for a silver price percentage gain of extraordinary magnitude! Forget the popular refrain of “Got Gold?” and make some additions to your portfolio to take advantage of the coming silver supernova! Words: 513 Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com, provides below further [...]
- Centers for Disease Control and Prevention: Men and women between 45 and 54 years old have the highest suicide rates in the country among nine different age groups as economy tanks and GOP blocks jobless benefits – By Chris Bergeron/Daily News Over the last year a “record breaking” number of people, including more middle-aged men [...]
Do not confuse what I’m saying as meaning that the U.S. housing market will “bottom” in 2011. That is NOT what these numbers say at all. What the numbers say is that the U.S. real estate collapse will stop accelerating some time around, or a little before, then. Words: 475
By Philip Moeller Defenders of Social Security are taking steps to alert or, depending on one’s point of view, alarm the public about possible changes to the program. The National Commission on Fiscal Responsibility and Reform, appointed earlier this year by President Obama, is expected to address Social Security and other major sources of federal [...]
I fully expect to be here in five or six years telling you to buy U.S. stocks at 6 times earnings – at a time when the geopolitical decline of America is on the front page of every newspaper – at a time when you have capital controls – at a time when the government is manipulating the debt market. Words: 699
I believe the precious and base metals sectors are critically important to your portfolio and that the single best defense you can take for your portfolio is to go on the offense and to use precious and base metals investments – especially gold -to protect your wealth from the ravages of a falling dollar and to capitalize on a myriad of wealth-building opportunities. Words: 1987
Anyone who sees a rising pool of millions of delinquent mortgages as the foundation of a recovery in housing valuations isn’t considering the feedback loop which is now firmly in place. The foreclosure pipeline will be full for years to come precluding any “recovery” in housing valuations as supply will swamp demand. Words: 366
A demographic stampede is about to pulverize American society. Eighty million retirees—the baby boom generation—are rapidly heading into their retirement years and, according to a recent survey, Americans have less money than ever. Being so unprepared can only mean a very unhappy “retirement” unless they pull their heads out of the sand and do something about it before it is too late. Words: 802
Investors have a short memory. In 1995, the DJIA was around 4000. Today our economy, it could be argued, is actually weaker than it was back then. Our real estate is in the tank, we have double digit employment, and our manufacturing has all but dried up. Add on to that the dire consequences of a potential commercial real estate meltdown and you have the recipe for another financial crisis. Words: 470
- Progressives say rein in our deficits in a way that protects middle class families and makes Wall Street clean up its own mess – By Nita, Daniel, Duncan, Amy and MoveOn: There’s a showdown coming in Washington. On one side are conservatives and the Blue Dog Democrats. Most of them supported Bush’s tax cuts for [...]
From TechTicker: By Peter Gorenstein Enjoy the recent stock market rally while it lasts. Market forecaster Charles Nenner tells Tech Ticker stocks will peak in about a month and then head south for the year. “After late August I expect the market to go down again,” and eventually test the March 2009 lows in the [...]
Richard Russell has become very bearish in recent months. Earlier this year, Russell warned that the stock market was once again becoming grossly overvalued despite its relentless new highs maintaining that the bear market never ended and that the world is far too indebted to exit the bear market. He believed then, and still maintains, that the bear will not end until all fiat currencies have failed and that we might be, as he put it, “on the verge of a terrible collapse.” Words: 505
The trend is your friend and this article reviews the 7 most popular trend indicators to help you make an extensive and in-depth assessment of whether you should be buying or selling. If ever there was a “cut and save” investment advisory this article is it. Words: 1369
Who in their right mind would suggest that gold will eventually reach $2,500, let alone $5,000 or even $10,000? Well, I did some investigation and, believe it or not, there are almost 70 economists, academics, gold analysts and market commentators who believe gold may go as high as $10,000 an ounce before the bubble finally pops. Words: 461
Including gold bullion in an equities portfolio has the effect of lowering the volatility of portfolio return and raising the return-risk ratio, just as the inclusion of any other asset would. Gold, however, has a special risk-reducing property that other assets lack. It is not only a hedge against inflation, but a market leading indicator of inflation and, better still, a direct measure of the damage done by inflation to an equities portfolio. The negative impact on stock returns from a rise in the price of gold lasts for at least five years. Words: 1107
History will look back at the artificially high silver to gold ratio of the past century as an anomaly, caused by the dollar bubble and the world being deceived into believing that fiat currencies are real money, when in fact they’re all an illusion. This fiat currency experiment will end badly in a currency crisis. The wealthiest people will be those who bought silver today and were smart enough to research and pick the best silver mining stocks and warrants. Words: 1654
When war strategies to vanquish enemies wind up killing innocent civilians, it’s called “collateral damage.” Similarly, when political strategies to vanquish debt wipe out your wealth, the same term applies, and right now President Obama and Fed Chief Bernanke know that there is ONLY one way they can ever hope to make good on their massive debt obligations and that is to devalue the U.S. dollar! Only then can they hope to repay Washington’s debts — by doing it with cheaper dollars. Words: 2094
The U.S. federal government and states are beginning to prepare themselves for the next foreclosure crisis in our housing malaise – payment option ARM resets are about to explode with devastating consequences. Words: 529
The laws of gold confiscation are very clear in the U.S. During any time of national crisis, it becomes illegal to buy, sell, or “hoard” gold bullion in any form. It is delineated under an Executive Order and can be re-administered as quickly as the assets in your checking account can be frozen. The penalties for violation are 10 years in prison, $10,000 fine, or both. Words: 807
If you’ve spent any time reading my thoughts here … you know I don’t trust gold dealers, politicians and government bureaucrats – and there are also bankers I don’t trust. There is one approach I especially like and that is the Gold Certificate Program at the Perth Mint of Australia. Words: 760
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