PreciousMetalWarrants.com - Taxpayers should be outraged. Full details of the ‘plan’ never seem to be available. Did taxpayers receive warrants or not? It seems there are still back-room negotiations taking place, no doubt to the detriment of the U.S. taxpayers. If warrants are being considered the taxpayers should be notified of the details and [...]
The Archives
QVM Group.com - The bailout of Wall Street may not have ultimate costs as high as the nominal bailout amount, but the interest payments on the debt will come due immediately, and the recoveries from Wall Street, if any, will take many years.
The impact of the bailout which will surely happen in one form or [...]
EuroPac.net - Just three days ago, after looking at the prospect of bailing a string of distressed financial institution in the country, the government seemingly drew a line in the sand, and refused to bail out Lehman Brothers. The authorities clearly saw Lehman’s demise as a trial balloon to see how the markets would react [...]
CaseyResearch - Sunday, Sept. 14: Secretary Paulson finally makes a brave decision; enough is enough, let Lehman go bust. After all, the federal government shouldn’t be rescuing every financial institution that stumbles… or should it?
Monday, Sept. 15: The financial markets react badly to the news, and the Dow suffers its biggest drop since 9/11/2001.
Tuesday Sept. [...]
EuroPac.net - By nationalizing nearly 80% of AIG for $85 billion, the Fed is doing a lot more than simply flushing taxpayer money down the toilet. The greater wrong is allowing the agency that has the power to print money to take control of a private enterprise, especially without the approval of the company’s shareholders. [...]
BullionVault.com - FIFTY YEARS AGO – just as the fictional 007 was thwarting Auric Goldfinger’s plan to empty Fort Knox and take America’s gold to Soviet Moscow – the US Treasury feared a very genuine loss of its real gold reserves. Gold’s role as the ultimate asset of national power was about to peak. By [...]
Contrary Investor.com - You know that for some time now we have been preaching about what we believe to be one of the most important macro themes of the moment that is deleveraging. Important both for financial market and real world economic outcomes ahead. And, whether we like it or not, it’s a [...]
EuroPac.net - In recent months, investors have been unjustly chastised for their lack of consistency. In truth, they have an unblemished record of drawing the wrong conclusions. Last week’s 2nd quarter GDP report provides the freshest evidence of market cluelessness.
In its report, the Commerce Department stunned economy watchers by showing a 3.3% annualized increase in [...]
Ron Paul - Many who agree with me on a lot of other issues, do not understand my enthusiasm for gold and sound money or why I spend so much time studying and talking about monetary policy. It’s true that I talk about money differently than most, but the fact is sound money offers [...]
PrudentBear.com - The echoes of the 1930s in the current situation are not confined to foreign policy. Economically also, the parallels between the 1929-32 downturn and the current difficulties are becoming alarmingly apparent. It must be remembered: the Great Depression became such, as distinct from a garden-variety downturn, though egregious policy errors by decision-makers in [...]
EuroPac.net - Once again, real estate market watchers have pounced on a shred of seemingly positive news to proclaim that the long sought “bottom” is in sight. The routine is becoming extremely stale, but somehow the media never seems to tire of it. This time the “good” news was that the percentage declines in national [...]
EuroPac.net - In the latest example of financial market madness, the recent government “bailout” of Freddie Mac and Fannie Mae has perversely resulted in a sharp rise in the value of the U.S. dollar. If the markets were functioning rationally, the transference of staggering new liabilities to the U.S. Treasury would have been immediately seen [...]