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Archive for March, 2011:
A lot of Upside to the Silver Bull Market
I have been recommending silver since it was in the $4-$5 per ounce range. Today it is trading in excess of $33 an ounce.
I still think it is a good value.
Will Silver continue to go up forever? Of course not.
But in my opinion there is still a lot of upside to the silver bull market. Read more »
Financial Crisis Getting Very Close To Home
Government agents confiscating your retirement account sounds like something out of a George Orwell novel.
Don’t look now, but such a plan is in the early stages of development.
It will start voluntarily, but I predict that the time will come, when the government will do this to “protect” you from your own financial crisis.
In Crisis by Design, I raised the prospect that the government had a long-term strategy designed to take control of the retirement accounts of individuals. This would include IRAs and 401(k)s. Read more »
Financial Crisis in Confidence Affects Bond Investments
There are two things that are negative indicators for the bond market. Many people know these things but they are worth repeating.
In the first place, interest rates are essentially at zero that means that interest rates have nowhere to go but up. When interest rates go up the value of bonds go down because the lower interest rate bond must sacrifice principal to be competitive with the bonds with higher rates. Read more »
If You Spent a Dollar Every Second . . .
The U.S. budget deficit this year is projected to be $1.65 trillion. This follows a budget deficit of the first two years of the Obama administration of about $3.8 trillion. The first year, the budget deficit was about $1.4 trillion. The second year it was about $1.3 trillion and this year it’s projected to be $1.6 5 trillion. This equates to $4.3 trillion in budget deficits in the first three years of this administration. Read more »
The International Monetary Fund and the World Bank make Jesse and Frank James look like Boy Scouts
Most people have no idea that the International Monetary Fund and the World Bank do make Jesse and Frank James look like boy scouts. Set up in the closing years of the Second World War, these two “sister” financial organizations were essentially established to be the organizational pillars of the new financial order following WWII. The World Bank was set up to provide loans for war-torn Europe and the International Monetary Fund was to keep a balance between international currency transactions.
Read more »