Monopoly Game Banking Versus Gold Insurance – Who Will Win?

Posted by on Oct 5, 2011 in Gold | 0 comments

The Monopoly game has been around since 1934. Ironically, the game of Monopoly came out at a time when the year before multiple banks had already failed and President Franklin Delano Roosevelt had declared a nationwide bank holiday to keep people from withdrawing their cash from the banks and hoarding it. How convenient was it then for the banking elite to have a game come out that people could...

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What’s Going On With Gold? – Where To From Here

Posted by on Jun 13, 2011 in Gold | 0 comments

Back in September 2010 I went out on a limb and called a top for those who trade gold and silver mining shares. My goal at the time was to have them consider taking their profits in paper gold and convert to the physical metal for delivery, what we specialize in here at Buy Gold and Silver Safely. At the time, the HUI, which represents the basket of un-hedged gold stocks, was trading at 513.95....

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Increase In Bank Sub-investment Grade Derivatives Reveal A Need For Gold Insurance

Posted by on Jun 3, 2011 in Economy | 0 comments

The financial crisis started with banks getting burned in the derivatives market. Then TARP was manipulated to help banks get cash. Next came the Federal Accounting Standards Board (FASB) allowing banks to mark to model (fantasy) their real estate assets (cheat). And now we have come full circle once again as banks own more sub-investment grade derivatives today than at the height of the 2008...

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The Real Reason Bank of America Halts Foreclosure In 50 States – They’re Broke!

Posted by on Oct 8, 2010 in Economy | 0 comments

Many of the top banks in America are experiencing financial difficulties as well as the smaller ones. Bank of America has 454 billion of sub-investment grade derivatives coming due in the next 1-5 years. JP Morgan over 1.5 trillion.

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The Banking Crisis Is Far From Over Revisited – FDIC Troubles and Bank Shenanigans

Posted by on Feb 26, 2010 in Economy | 3 comments

While we're seeing foreclosures occurring today at a higher rate, banks are doing something today that doesn't seem to be getting much attention. People have stopped paying their mortgages and the banks aren't foreclosing on many of them. Why Aren't Banks Foreclosing on People Who Aren't Paying Their Mortgages?

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