Posts tagged 'budget deficit':

A lot of Upside to the Silver Bull Market

March 25, 2011

Posted by in Financial crisis with one comment

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

March 14, 2011

Posted by in Financial crisis with 2 comments

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 »

If You Spent a Dollar Every Second . . .

March 7, 2011

Posted by in Financial crisis with 2 comments

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 »

Financial Crisis Gets Very Close to Home

January 5, 2011

Posted by in Financial crisis with 6 comments

A jet airplane is screaming across the sky at the speed of sound (about 750 miles per hour). A stream of green paper begins reeling out behind it.At the speed of sound, it would take 14 years before it reeled out one trillion dollar bills. Seven hundred and fifty miles and hour – fourteen years. Read more »

Is the Wicked Witch of the Recession Dead?

November 29, 2010

Posted by in Financial crisis with no comments

 

Though the practice of Sophistry evolved in ancient Greece, it was Plato, Socrates’ most eloquent student who, according to Wikipedia, “… is largely responsible for the modern view of the “sophist” as a greedy instructor who uses rhetorical sleight-of-hand and ambiguities of language in order to deceive, or to support fallacious reasoning. In this view, the sophist is not concerned with truth and justice, but instead seeks power. Socrates, Plato, and Aristotle all challenged the philosophical foundations of sophism.”

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