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 …
Read More0Sep
6
2011
What the heck is going on these days with the banks? More and more issues are arising with our nations banks causing concern for the investing public. On August 17, 2009 I wrote an article entitled The Banking Crisis is Far From Over. I wanted to make people aware of what was really going on in the banking industry as …
Read More1Jun
13
2011
What’s Going On With Gold? – Where To From Here
By: Doug Eberhardt
Category: Gold
Tags: bank failures, buy gold, Debt Ceiling, FDIC, Federal Reserve Balance Sheet, Gold Prices falling, QE2, QE3, sub-investment grade derivatives, U.S. bank risk
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 …
Read More0Jun
3
2011
Increase In Bank Sub-investment Grade Derivatives Reveal A Need For Gold Insurance
By: Doug Eberhardt
Category: Gold
Tags: bank failures, bank of america, Bank sub-investment grade derivatives, Credit Contraction, Deflation, FASB, FDIC, Federal Reserve, foreclosure, Gold, J.P. Morgan, mark to market, occ, TARP, too big to fail
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 …
Read More0Dec
23
2010
$4 Trillion Bank Sub-Investment Grade Derivatives Now More Than Financial Crisis Peak Part 2
By: Doug Eberhardt
Category: Gold
Tags: Bailout, bank of america, banking crisis, Banks, citibank, Citigroup, Credit Derivatives, derivatives, FDIC, foreclosure, Gold, HSBC, J.P. Morgan Bank, mark to market, mark to model, sub-investment grade derivatives, Wells Fargo
Dec
23
2010
$4 Trillion Bank Sub-Investment Grade Derivatives Now More Than Financial Crisis Peak Part 1
By: Doug Eberhardt
Category: Gold
Tags: Bailout, bank of america, banking crisis, Banks, citibank, Citigroup, Credit Derivatives, derivatives, FDIC, foreclosure, Gold, HSBC, J.P. Morgan Bank, mark to market, mark to model, sub-investment grade derivatives, Wells Fargo
Feb
26
2010
The Banking Crisis Is Far From Over Revisited – FDIC Troubles and Bank Shenanigans
By: Doug Eberhardt
Category: Gold
Tags: Bailout, bank failures, banking crisis, failed bank, FDIC, foreclosures, Insolvency, U.S. banks
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?
Read More0Aug
17
2009
The Banking Crisis is Far From Over
By: Doug Eberhardt
Category: Gold
Tags: bank failures, banking crisis, Economy, FDIC, Federal Reserve, fractional reserve banking, housing bubble
“Failed banks are weighing on FDIC” is the headline in tomorrow’s Wall Street Journal. Banks are being taken over at an alarming rate thus far in 2009. Banks aren’t lending so it is difficult for them to make a profit while at the same time they are trying to resolve their past lending decisions. Individuals are finding it difficult to secure loans with the more stringent FICO requirements. Increasing unemployment is making it difficult for many more to maintain their home ownership. As people who are now or soon to owe more than their house is worth decide to bail on home ownership, the bank will be left holding an unwanted, depreciating asset. This is occurring all at a time when banks may be forced to mark to market their assets, showing their real estate holdings value based on today’s depressed prices thus revealing balance sheets that are becoming ever more weaker.
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