Elon Musk posted on X today in reply to a Heritage Foundation economist, saying that “America is headed for bankruptcy fyi.” The economist asked the question “How did we get here?” To which he answered the following: Two men: FDR and Richard Nixon. Together, they broke the dollar. And put the American people into debt slavery. I tweeted back to …
Read MoreApr
3
2018
Will There Be Enough Physical Gold And Silver?
By: Doug Eberhardt
Category: Gold
Tags: congress, Federal Reserve, Howard Buffett, Human Freedom Rests on Gold Redeemable Money, insurance, metals, Purchasing Power, spending, Warren Buffett
Warren Buffett Incorrect Observations On Gold. When we finally do get the spike up in metals, will supply be an issue? The psychology of your average buyer of metals. Why it makes sense to have some insurance now in physical metals. When it comes to the gold supply, you must remember the old saying, and I think this saying has …
Read MoreSep
11
2017
National Debt Surpasses $20 Trillion and Gold Falls
By: Doug Eberhardt
Category: Gold
Tags: $20 Trillion, budget, Bush, federal, Gold, government, Illusions of Wealth, national debt, Obama, record, S&P, spending, Trump
Something doesn’t quite seem right, does it? The S&P rises to a record high and at the same time the National Debt surpasses $20 Trillion and gold falls from $1,339.30 to $1,325.60. What does CNBC say about the National Debt milestone? Nothing. It’s as if debts and deficits don’t matter to Wall St. Party on! Special shout out to the …
Read MoreDec
12
2014
The Illusion of an Economic Recovery
By: Doug Eberhardt
Category: Gold
Tags: congress, Consumer Sentiment, Deflation, derivatives, Dodd, Dollar, economic recovery, Frank, GDP, Gold, illusion, manufacturing, PPI, Retail Sales, spending, u-6, Unemployment
The Fed and many economists seem to think the economy is strong, but is it? My Thoughts on the Economy Based on the Data I Read The Fed ignores U-6 unemployment data which still has the rate over 11%. The Producers Price Index (PPI) today came in lower than expected. The Dollar is down $1 and fell since the PPI …
Read MoreFeb
14
2013
The price of gold and silver are down again today, with the dollar moving higher and precious metals investors are wondering how this can be with a Federal Reserve implementing Quantitative Easing to infinity and a Congress that allows the debt ceiling to keep moving higher and higher. If you had a choice between reducing your spending to live within …
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