It is an old saying that the “road to hell is paved with good intentions”. Well, in recent years, that road has been changed to a super-highway! America was put on that super-highway a few years ago and right now we are traveling at break-neck speed toward the financial abyss. Words: 1132
Our leaders will eventually face an Armageddon unlike any since the Civil War unless they must either muster the courage — and the support of the people — to accept the pain and make the sacrifices of a lifetime … or face the downfall of America. Words: 1086
A substantial minority of Mexicans say that if they had the means and opportunity to go live in the U.S. they would do so, and more than half of those who would migrate if they had the chance say they would do so without authorization. Words: 819
“History has shown us, time and again, that the greatest leverage to gold’s rising price is owning gold exploration/development junior mining stocks. Will mainstream investors eventually catch on to the fact they need to own gold and to own gold shares?” Words: 696
Some analysts suggest that the U.S. is heading into a long period of stagnant growth, in large part because of high unemployment and an overhang of debts that will restrain consumer spending which tends to hold down wages, putting more downward pressure on prices and once deflation sets in, consumers may hoard cash or try to pay off their debts faster, fueling the downward spiral of spending and growth. words: 1105
The odds are growing that low inflation could become deflation — with some economists worried that it has already started to happen… [Frankly, though,] there is going to be no recovery, at least for a long time unless we have deflation… and those who reject [such a notion] will live to regret it. Words: 2148
The success of the multi-year machinations of the U.S. Government and the Federal Reserve’s attempts to manage the fiscal crisis can best be summarized in a single word – and that word is ephemeral – yes, ephemeral! This beautifully succinct word, ephemeral, is defined as “lasting for only a short period of time and leaving no permanent trace.” Yes, indeed, what better word is there to describe the Government’s so-called rescue plan than ephemeral – here today and gone tomorrow – and without a trace of lasting benefit! Words: 990
Like, ‘depression’, ‘recession’ has become an unacceptable word, because its use would drain confidence even more heavily. The housing market is already tipping into another negative slide with new house sales falling and mortgage rates at record lows. What can be done? We…see more quantitative easing as being unavoidable within three months, if the bad news continues. This time, [however,] we have to ask, can it be managed without frightening side effects? Words: 833
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