I’m not fond of recommending videos, especially long videos. However, this video interview of David Stockman, Budget Director during the Reagan Administration, is well worth the time. Stockman reminds us of problems and developments that are being ignored. For example, Obama and Congress made a deal years ago to suspend the debt limit until March
Financial analysts continue to be enthusiastic about the Dow topping 20,000, so much so that if you watch TV enough you might think that it is given that it will happen. But, will it?
Japan’s economy has been stagnant for two decades. In 2012, Shinzo Abe was elected Prime Minister on his promise of stimulating the economy via a scheme that economists labeled “Abenomics.” Basically, he promised fiscal stimulus, monetary easing and structural reforms. He implemented all three, but Japan’s economy remains in the doldrums. Now the IMF is
On March 25, I presented evidence that perhaps stocks were topping and that it would be prudent to move from overvalued stocks to undervalued gold and silver. Now, Matthew Kerkhoff, a regular contributor to Richard Russell’s’ Dow Theory Letters, suggests the same.
by Joe Cobb Harvard professor Kenneth Rogoff wrote in the Financial Times, May 29, that “Paper money is unfit for a world of high crime and low inflation.” He proposed to get rid of paper money. Government paper money. What would people do to make payments?
The following video is a short clip from a presentation given by Canadian billionaire Ned Goodman concerning the end of the dollar as the world’s reserve currency. When Nixon closed the gold window in 1971, severing the dollar’s final remaining link to gold, he did not destroy the currency’s international standing. In an ironic twist,
As gold was being driven below $1500 earlier today, I received an email about an article titled “Gold’s irreversible trends driving it to $10,000.” The bullishness is based on the world’s central banks continuing to create money at rates never before seen, with some Establishment darlings (Paul Krugman, for example) calling for still more money
Gold may be due for a “correction,” but long-term investors should hold their gold (and silver) positions. Two recognized experts offer their opinions on gold and silver.
Gold has long been one of mankind’s most prized possessions. Yet most people have little idea where gold comes from, other than from “gold mines.” Mining gold today often becomes monumental undertakings, truly some of man’s greatest engineering feats. Imagine gold mining shafts nearly two and a half miles below the surface and it taking
Even Ethan Hunt couldn’t crack these… Bank heists are extremely difficult to pull off, no matter what Hollywood might have us believe. Some vaults are so secure that robbers have heart attacks even thinking about breaking in. With that in mind, check out these 15 Most Impenetrable Bank Vaults from recent history and see to