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 [...]
Maison Placements Canada - The Russians invade Georgia, raising fears of a proxy war with the U.S.. Oil through $150 a barrel? No. In fact, oil is $30 below its peak, hitting three month lows. And gold, a safe haven in times of geopolitical unrest, fell $60 an ounce [...]
Mike Shedlock reports - It’s no surprise, at least in this corner, that sales growth at EBay.com has slowed the most since 1998. After all, the Future Is Frugality. (And That Future Is Now). Somehow EBay.com wants investors to think that it can slash fees and make up for it on the back end and/or [...]
Ciovaccocapital.com - Mohamed El-Erian is the former highly successful manager of the Harvard endowment and current head of PIMCO. In an August 15, 2008 Bloomberg interview, he makes some comments which may help us to begin to understand the recent surge in the dollar in the face of less-than-ideal U.S. economic conditions.
Currencies move not because [...]
Economists who now see American troubles spreading around the world are predicting that foreign central banks will ignore the gathering inflation threat and follow the Fed down the rate cutting path. Similarly, they argue that since the downturn began here, the U.S. recovery will likely be underway while the rest of world is still decelerating. [...]
Casey Research - It’s true for almost any commodity: there are a lot of influences pushing on the price, and it’s hard to untangle them all. But gold is exceptional. A single factor dominates the market price - and you can measure it.
More than any other commodity, gold’s price rises (and falls) with demand from [...]
The following is an excerpt from an article written by Libertarian Harry Browne.
Many people aren’t aware that America - conceived in liberty in 1776 - didn’t have a permanent income tax until 1913. In fact, the Constitution of the United States prohibited an income tax. For over a century, the U.S. government survived quite well [...]
James Turk - The first thing people usually consider when buying gold is its price, but unfortunately, they are grabbing the wrong end of the stick. Price is of secondary importance. To explain why, one has to examine the reasons for buying and holding gold.
The motivation to buy gold is usually driven by the pursuit [...]
A friend of mine sent me a copy of an article published over at SeekingAlpha.com about Ron Paul’s investment portfolio. I’ve got to say that the Congressman from Texas definitely put his money, or his personal investments in this case, where his mouth is. 27 equity investments in various gold, silver, and commodities stocks with [...]
Jon Voight - We, as parents, are well aware of the importance of our teachers who teach and program our children. We also know how important it is for our children to play with good-thinking children growing up. Sen. Barack Obama has grown up with the teaching of very angry, militant white and black people: [...]
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 [...]