It is a pure leap of faith to believe that if the Plunge Protection Team is indeed directly intervening, that it is acting in the interests of the average investor.
Read More »John Embry: ‘Plunge Protection Team’ Hard at Work While Investors Puke Up Mining Stocks! (+2K Views)
Most novice investors don’t understand the fundamentals and so they are puking up the mining stocks because they just want out but...this is when you want to buy, when sentiment is negative and fundamentals are astoundingly positive.
Read More »Brace for Impact: U.S. About to Go Off a Financial Cliff!
The kind of impact [our economy is] going to have will not be like flying into the side of a mountain. It will be the kind of crash that skids over land, clipping trees and buildings until the plane ends up wingless in a smoldering heap. I just hope the fuel tanks don’t ignite when the long rough ride is over. [Let me explain.] Words: 832
Read More »Gold Bullion or a ‘Guaranteed’ Retirement Account: Which Would You Rather Have in Your IRA or 401(k)? (+2K Views)
“If one believes that the deployment of Guaranteed Retirement Accounts are reasonably probable”, Blasi maintains that “then the remaining action item in such a scenario would be to coax the public into personally assuming the debt the rest of the world was refusing to accept,” and asks: “If the beliefs of many regarding activities conducted by ‘The President's Working Group on Financial Markets’ (Plunge Protection Team) are sound, could not this same entity be utilized for such theoretical events as those described? Frankly, the possibility that such an initiative might be needed to rescue the Treasury market does add an additional, and considerable, threat to the equity markets.” Words: 1052
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