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depression
The U.S. economy is in an intensifying inflationary recession that eventually will evolve into a hyperinflationary great depression… [at which time] a $100 bill in the United States will become worth more as functional toilet paper/tissue than as currency. The U.S. government and Federal Reserve already have committed the system to this course through the easy politics of a bottomless pocketbook, the servicing of big-moneyed special interests, and gross mismanagement. The article is long but well worth the read. Words: 3565
September 24th, 2010 | Posted in Inflation/Deflation | Read More »
Investors are beginning to understand that the U.S. dollar is not the safe haven they perceived it was a few years ago and concurrently, neither are U.S. Treasury notes and bonds. Given the American national debt and deficit problems, from both a fundamental and technical perspective, the U.S. greenback has the potential for considerable downside. Ergo and by axiom, gold bullion has significant upside potential to $1,500 per ounce over the short to mid-term time horizon of 1 – 2 years and $4,000 per ounce over the longer term. Words: 1104
September 21st, 2010 | Posted in Gold/Silver,Inflation/Deflation | Read More »
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
August 12th, 2010 | Posted in Economy,Inflation/Deflation | Read More »
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
August 4th, 2010 | Posted in Economy,Inflation/Deflation | Read More »
At times like these, it is hardly going out on a limb to say that we are headed for hard economic times. In fact, it seems like almost everyone in the financial world is either declaring that a recession is coming or is busy preparing for one. The truth is that bad economic signs are everywhere. Words: 1171
July 4th, 2010 | Posted in Economy | Read More »
I think we can all agree that the national economy and the global economy are both on slippery slopes. It’s time to think outside of the box. We just need an effective leader who is willing to … try some real solutions. If you don’t like my solutions, come up with others but don’t tell me America can’t be fixed. It can be fixed … you just have to be willing to do it. Words: 2371
July 3rd, 2010 | Posted in Economy | Read More »
I believe that the worse things get, the better they will sound coming from our nation’s leaders/ pundits. Words: 1132
April 14th, 2010 | Posted in Economy | Read More »
A weaker dollar poses tremendous complications for Americans. For one, it makes imports more expensive, which is effectively inflation. Ultimately, this means a standard of living lower than what we have come to expect. If confidence in the dollar totally erodes, then things will really get ugly. Words: 1011
March 29th, 2010 | Posted in Economy | Read More »
Periodically in history, the expansion of credit creates the illusion of prosperity which, regretfully, ends in the inevitable bust which seems to be the case today. The sheer magnitude of credit destruction occuring right now is depressionary. The return to growth will be a long and painful process. Words: 625
March 12th, 2010 | Posted in Economy | Read More »
Pushing the big problems into the future appears to have been the working strategy for both the Fed and recent Administrations, yet the U.S. dollar and the budget deficit do matter, and the future is at hand. The day of ultimate financial reckoning has arrived, and it is playing out. Words: 1096
March 8th, 2010 | Posted in Inflation/Deflation | Read More »