Congress Gives IMF Your Tax Dollars to Bailout Greece
This was an article I wrote about Greece and how they exactly are being bailed out by the IMF/U.S. taxpayer. Back then, the debt in the U.S. was just over $12 trillion. Today, the debt in the U.S. is approaching $15 trillion. Greece is now in the process of writing down their debt by 50% by the beginning of 2012. And now because of this perception that Greece has somehow solved its problems (and...
Read MoreThe Lender of Last Resort Isn’t the Fed or ECB, It’s YOU!
Banks always are bailed out by the government or the Fed and in Europe’s case, the equivalent of the Fed, the European Central Bank (ECB). The ECB is who is keeping Portugal’s banks afloat. But it’s also the IMF who likes to stick their greedy fingers into the pie, just as they have in many other countries, like Jamaica for example, where they create slaves of the...
Read MoreDave Ramsey’s Advice Not To Buy Gold Cost You 28.4% In Profit
In December 2009, I wrote an article, Dave Ramsey Doesn’t Know the First Thing About Gold. In this article I pointed to the flawed thinking that Dave Ramsey had about the place gold deserves in a diversified portfolio. In particular the flaw is related to Ramsey’s observations about the long term track record of gold versus other assets. What Dave Ramsey consistently leaves out of his...
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 MoreThe Reason Harvard Students Are Ignorant Of Silver Value Today
When Harvard students were asked whether they wanted to buy a one ounce silver coin for $5 recently, they declined. This according to a video interview of Harvard students conducted by Megan Duffield recently. Click to watch video: Harvard University – How has the Recession Impacted Your Life? While this video may be only a sampling of Harvard students, it does reveal a flaw in our...
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4 Ways Gold Dealers Rip You Off!
