24
September
Today is the 140 Year Anniversary of Black Friday 1869 and the Gold 'Crash'
Today is the 140 Year Anniversary of the original Black Friday on September 24th, 1869. Since then the word 'Black' has been used to describe any day that the stock market, currencies or financial markets have crashed. There have been many, many such crashes but the one that birthed the term happened on this day 140 years ago.
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14
May
Federal Reserve Cannot Account for $9 Trillion
Rep. Alan Grayson talks to the Federal Reserve Inspector General Elizabeth Coleman of the Federal Reserve, asking her questions regarding trillions of dollars that came from the Fed's expanded balance sheet and what the losses on its $2 trillion portfolio are.
The Inspector General does not have the answers Grayson is looking for.
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30
April
Gold versus Warren Buffett
I have just completed an analysis of the performance of the spot price of gold vs. Berkshire Hathaway. I think you will find the results are a little suprising.
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31
March
A Critique of the Neo-liberal Agenda
Essay by Meghan Brown
“If the story of the past quarter of a century has a one-line plot summary, it is the rediscovery of market capitalism.” – Alan Greenspan, The Age of Turbulence, p.14 For the past thirty years, neo-liberal economic thinking has been the dominant orthodoxy governing policy and shaping development. Born from Adam Smith and his ideas of the ‘invisible hand’, this theory prevails in many well-connected and highly influ
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19
March
Gold For Bread - Zimbabwe
MDC activist Sam Chakaipa returns to his village in rural Zimbabwe to find his friends and neighbours starving to death, reduced to panning gold powder from the rivers to exchange for food at an exorbitant rate.
The Guardian via Youtube:
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12
March
Moneyweek: UK House Prices in Terms of Ounces of Silver
Moneyweek's Dominic Frisby writes that he is detecting a certain amount of bullishness in the UK housing market. People with cash are talking about buying to take advantage of lower property prices and interest rates. Nevertheless, he says,
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17
February
Quantitative easing: Classic case of treating the symptom and not the patient
The answer to this global credit debacle is transparency. There are enormous sums of investor money waiting in the sidelines. The reason they have not been invested yet is due to a lack of transparency within the balance sheets of those institutions that constitute the global financial landscape. Make no mistake; capital needs to be deployed in order to create a return. With such uncertainty surrounding the global capital markets it is entirely normal that investors would pull back unt
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7
January
The Madoff Ponzi Scheme's Parallels with the US Social Security System
There are interesting parallels between the Madoff Ponzi scheme and the US and many other social security schemes internationally.
As the huge bulging demographic that is the Baby Boomers retire, the smaller demographic of the next generation will have to fund their retirement. As the Baby Boomers retire and begin to withdraw their funds from Social Security system there will be huge redemptions from US and other stock markets as much of their retirement funds are invested in the stock markets.
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11
December
Diamonds and Jewelry as "Rock Solid" Investments
There have been a spate of articles in the press recently including the Personal Finance section of the Irish Times touting jewellery and diamonds as safe haven “rock solid” investments.
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9
December
Gold in Backwardation; talk of a run on the COMEX
It wouldn't be suprising if you had never heard of backwardation. Though many commodities markets are frequently in backwardation, especially for seasonal or perishable/soft commodities, it has only happened twice in history in precious metals.
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26
November
Is the Great Bear Bullish on Gold?
On the foot of recent reports that China is planning to diversify some of its massive foreign exchange reserves into gold, The Central Bank of the Russian Federation has released its latest
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20
November
Jim Rogers: The dollar is a flawed currency
Excerpts from The Financial Times' View from the Markets online interview with Jim Rogers:
FT: It’s a year since we last interviewed you.
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17
November
Obama's Golden Opportunity – Return to Gold Standard
The Washington Times's Lawrence Hunter wrote last week that U.S. President-elect Barack Obama has an opportunity to reset the economy and restore the U.S. dollar to its preeminence as the world's reserve currency by reestablishing the gold standard.
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11
November
I.O.U.S.A.: Byte-Sized - The 30 Minute Version
I.O.U.S.A. is a documentary film released earlier this year, and nominated for the Grand Jury Prize at the 2008 Sundance Film Festival. The film focuses on the shape and impact of the United States national debt and features Robert Bixby, director of the Concord Coalition, and David Walker, the current U.S.
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4
November
12 Survival Tips for the Coming Global Recession
ARROYO GRANDE, Calif. (via MarketWatch) -- A record 130 million voters are predicted to head to the polls Tuesday. The bad news: 65 million, roughly 50% of all voters, will be miffed, mad at, angry with, even hate the new president ... no matter who wins! Half against Obama, half against McCain. Eith
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31
October
Rollover: Essential Movie Viewing in these Unprecedented Financial and Economic Times
Rollover is the story of faded Hollywood siren Jane Fonda who inherits a multi-million dollar company after her powerful bank president husband is murdered. While trying to find her dead love's killer, she runs his corporation with the help of charming banker Kris Kristofferson in the weeks before a worldwide currency and financial collapse.
It was the 1981 movie Jane Fonda "got made" after her exploration of the d
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17
October
The Failout
It's only Thursday and the Treasury has gone to the credit markets for $194 Billion so far this week for short term paper alone. Let's say they only borrow another $6 Billion tomorrow and end up at 200 Billion. Let's do the math. 200 Billion times 52 weeks is ..........$10 Trillion 400 Billion Dollars. This coincidentally equals the amount of the current national debt.
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