The U.S. government is spending more than a trillion dollars more than it takes in every year…[which] all gets into the pockets of ordinary Americans [who,] in turn,…use that money to pay the mortgage, buy food, shop at the mall, etc. – creating a “false prosperity” bubble that is not real. It may feel real to you right now, but it is unsustainable…We are living in the greatest debt bubble the world has ever seen and, as such, a devastating economic collapse is on the horizon no matter what we do [so] don’t let this false prosperity and this “calm before the storm” fool you…There is going to be a massive amount of pain so you might want to get yourself and your family prepared for that. [Let me explain.] Words: 1211
January 31st, 2012 | Posted in Debts/Deficits,Economy | Read More »
Will our National Debt be trillions higher than today in a few years? If you think the answer is yes, than buying physical gold today is a good idea. It’s that simple. Just look at the chart. Words: 140
October 25th, 2011 | Posted in Gold/Silver,Investing | Read More »
What are the implications for gold in each of the debt and “default” scenarios possible after August 2nd? [Let's take a look.] Words: 1111
July 25th, 2011 | Posted in Debts/Deficits,Economy | Read More »
Historically the price of gold rises when there’s an increasing percentage of federal revenues going to pay interest on the national debt and…declines when US interest payments move down as a percentage of federal revenues. [Given what is currently unfolding,]…the forecast for the price of gold is simply up, up and away. [Let me show you in graphic form.] Words: 451
June 11th, 2011 | Posted in Gold/Silver,Investing | Read More »
Of the $200+ trillion in derivatives on US banks’ balance sheets, 85% are based on interest rates and for that reason I cannot take any of the Fed’s mumblings about raising interest rates seriously at all. Remember, most if not all, of the bailout money has gone to US banks in order to help them raise capital. So why would the Fed make a move that could potentially destroy these firms’ equity and essentially undoing all of its previous efforts? That being said I still see derivatives as a trillion dollar ticking time bomb with a short fuse. Words: 506
February 24th, 2010 | Posted in Banking,Economic Overview | Read More »
Could the Fed be preparing another stock crash to flood the bond market with demand? Who knows but it would make plenty of sense to me. Words: 789
January 20th, 2010 | Posted in Debts/Deficits,Economy | Read More »
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