The 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 MoreSocial Security Will Be There For You, However…
How is adding debt to more debt going to solve any of America's problems in following through with the promises to seniors who have trusted their government to at a minimum give them their money back they put into the system?
Read MoreDigger’s Friday Triple Play
Doug Digger Eberhardt's Top 3 Articles and Posts of the Week Budget Deficit Tops $1 Trillion for First Time Bank of Wyoming Is the 53rd FDIC-Insured Institution to Fail in the Nation This Year Why Obamacare Can't Work: The Calculation Argument
Read MoreCalifornia Economics Professor Wants to Drive California Off a Cliff
So his answer is to keep government spending going and the status quo spending that got us into this mess in the first place. Let me ask you something....if your family is in dire financial straits, do you cut back in your spending or keep things as they are?
Read MoreIs Warren Buffet Right About Inflation?
Because we know that inflation is in our future, your investments better be hedged with gold in preparation for this tidal wave of inflation.
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