Pop Goes The Gold Bubble?
I always get a kick out of these articles that young writers put out when they try and tackle a subject such as gold and claim it’s in a “bubble.” To date, I have not seen one of them address the banking system mess our country is in (as well as the banks of Europe and soon most everywhere else). Another Negative Article On Gold I replied to a recent article I found on Seeking...
Read MoreNew Currency The Barackazillion – The Only Currency You’ll Ever Need
Introducing; the Barackazillion – The Only Currency You Will Ever Need – go to http://barackazillion.com/ and watch the video. “Money We Can Believe In” “As Good As Gold” For those who lean left, I would have done the same thing for Bush had I thought of it then – I am neither left nor right in my political views. I will do the same thing for the next...
Read MoreBernanke’s Psychological Warfare On Gold and Silver
If you want to return the U.S. economy to the glory days again, one potential way to do it is to have people perceive “all is well” by propping up the one area that most view as a sign of a strong economy; the stock market. When people look at their 401k statements at the end of the month and see a higher figure than the prior month, they get a feeling of comfort. What a better way to...
Read MoreWhat Does the Price of Gold Do In Deflation? UPDATED 10/12/2010
Frank Holmes, CEO and chief investment officer at U.S. Global Investors, recently wrote an article “Gold and Deflation.” In this article, Holmes came to the following conclusions; 1. Interest earned on 90-day Treasury bills below the inflation rate is a signal for governments to try to stop deflation and reflate the economy. 2. During these periods, governments usually need to...
Read MoreUnemployment Numbers Don’t Tell the Whole Truth
Today’s lower unemployment numbers have the NYTimes saying it’s signaling a shift in the economy and the White House is calling the job report good news for the economy. But where is this “shift” coming from? The Bureau of Labor Statistics Employment Situation for July 2009 showed the following jobs data: The number of long-term unemployed (those jobless for 27 weeks or...
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