Are those that bought gold and silver panicking yet? I would hope not. My advice to dollar cost average into a position is paying off as my prediction of a stronger dollar is coming to fruition. But there are some investors who bought gold or silver the past few months that might be panicking. There is a possibility the blood …
Read MoreOct
26
2011
Congress Gives IMF Your Tax Dollars to Bailout Greece
By: Doug Eberhardt
Category: Gold
Tags: congress, Federal Reserve, G20, Government Spending, Greece Bailout, IMF
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. …
Read More0Oct
18
2011
Whether it’s Bernanke and Geithner, today or Greenspan and Snow of years past, the Fed will always do what they do best, interfere in the markets. But how effective are they? Author’s Note: Seeking Alpha, a financial website, did not allow this article to be posted on their site. They claim they are not biased against gold, but their editors …
Read More0Oct
5
2011
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 More1Jul
1
2011
New Currency The Barackazillion – The Only Currency You’ll Ever Need
By: Doug Eberhardt
Category: Gold
Tags: Barackazillion, Budget deficit, Congressional Spending, Conservatives, Federal Reserve, Federal Reserve Notes, Gold, Monetary System, Money, national debt, silver, Tea Party
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 …
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 More0Mar
25
2011
The Lender of Last Resort Isn’t the Fed or ECB, It’s YOU!
By: Doug Eberhardt
Category: Gold
Tags: Banks, Central Bank, ECB, Federal Reserve, Government Spending, IMF, Inflation, Taxes
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 …
Read More0Feb
14
2011
Jan
4
2011