Tag

"TARP"

Oct

5

2011

Monopoly Game Banking Versus Gold Insurance – Who Will Win?

By: Doug Eberhardt Category: Gold Tags: 2008 financial crisis, bank failures, bank holiday, banking crisis, buy gold, Emergency Banking Act, FASB, FDIC, fdr executive order, Federal Reserve, gold confiscation, operation twist, quantitative easing, sub-investment grade derivatives, TARP

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 …

Jun

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 …

Oct

23

2009

The Odds of Recession Is Over Version 2.0 Occurring Are as Likely as People Realizing Michael Moore is a Capitalist

By: Doug Eberhardt Category: Gold Tags: Bailout, bank failures, Bernanke, CNBC, Dennis Kneale, GDP, Government Spending, Larry Kudrow, Melissa Lee, Peter Schiff, Recession, TARP

When I hear Mark Haines call a market top or one of the other CNBC cheerleaders admit we’re in a secular bear market, I’ll change my mind about them. I won’t hold my breath…. But ask yourself one question… What are the world’s wealthy doing right now?