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
29
2011
Does Real Estate Or Gold Have A Bright Future?
By: Doug Eberhardt
Category: Gold
Tags: 2009 Recovery Act, Consumer Confidence Index, Gold, Real Estate, U.S. Economic Outlook, Unemployment
Every once in awhile, I keep tabs on what’s going on with real estate. I have friends and clients who will ask me my thoughts and I try to analyze what’s going on in real estate with a non-biased approach, say as opposed to your typical real estate agent. I approach gold and silver the same way, sometimes giving …
Read More0Mar
25
2011
Failed European Bank Stress Tests Offer Even More Reasons To Own Physical Gold and Silver
By: Doug Eberhardt
Category: Gold
Tags: ECB, European Bank Stress Test, Federeal Reserve, Gold, PIIGS, Portugal, Portuguese banks, silver, Spanish banks
One by one, country by country, the Eurozone’s PIIGS (Portugal, Ireland, Italy, Greece and Spain) are succumbing to the excesses of the credit expansion era that saw out of control government spending and banks lending to businesses and consumers who now can’t pay the loans back. At the same time, the traditional way banks make profit has also disappeared as …
Read More0Jan
20
2011
Jan
4
2011
Dec
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
Oct
28
2010
Don’t Buy European Gold or Rare Coins – Gold Dealer Ripoff And Media Bias Exposed
By: Doug Eberhardt
Category: Gold
Tags: Buy Gold and Silver Safely, Christian Science Monitor, deflationary credit contraction, French Roosters or British Sovereigns, GATA, Glenn Beck, Gold, gold coin ripoff, gold confication, Gold dealer, Gold Dealer Ripoff, Goldline, Inflation, LA Times, lew rockwell, media bias, Rare Coins, Seeking Alpha, silver, silver confiscation, Swiss francs, Treasuries
Oct
19
2010
Oct
7
2010