Archive for November, 2010

Gold Coins Owner Denied to Leave the US for Canada

An article I found today shocked me. If you posses physical gold and are planning to move your gold out of the US into Canada, they will make it difficult to do so if not immediately denied. More and more people are leaving the US and storing their assets in another country. It looks as [...]

Max Keiser: Germany to Emerge as the World’s Next Superpower, Competing Head-to-Head with China

Max Keiser on Russia Today pointed out that out of all the countries in Europe that have been flipping houses, doing real estate speculation and creating ponzy scheme with loans and mortgages. However, Germans are savers and sound business people and therefore nobody in Germany is taking mortgages like this, nobody is flipping houses. As [...]

When Will the US Dollar Finally Die and How Bad Will It Be For YOU?

So it is official now. Premier Wen Jiabao just shook hands with his Russian counterpart Vladimir Putin on his visit to St. Petersburg last Tuesday. They have finally agreed to protect their domestic economies by renouncing the US dollar and resort to using their own currencies for bilateral trade. Chinese experts explain that the reason [...]

Jim Rogers: Ireland Should Go Bankrupt

Russia Today talks to author, financial commentator and successful international investor, Jim Rogers about debt-stricken Ireland and how the EU is trying to save it. He says, “There is no reason that taxpayers around the world or around Europe or in Ireland should pay for other peoples’ mistakes. The banks who lent the money and [...]

Act Now to Avoid Private Student Loans Crisis

(MarketWatch.com) NEW YORK (MarketWatch) — Everyone’s been talking about the mortgage crisis that continues to wreak havoc on families, but have you focused on the next looming crisis? I’m talking about student loans. Last week, executives of America’s largest for-profit colleges convened in our nation’s capital to address the issue, but that’s because their success [...]

Gerald Celente: Gold About to Break Its Record High $1,421 an Ounce, the End of Euro is Here

I went to buy physical gold today but found out to my surprise that they were out of gold bullion. The only amount I could buy was the 3 grams of gold bullion and that was it. Asians have had the reputations of loving the gold metal to protect their savings against inflation for a [...]

James Grant: Our Monetary Mandarins

Jim Grant is the editor of a newsletter called Grant’s Interest Rate Observer, the most significant publication of its sort in the whole financial world. www.Grantspub.com. He is also a writer of 6 books: Bernard M Baruch: The Adventures of a Wall Street Legend, My Own Favourite Money of the Mind, Mining Mr. Market, The [...]

Obama’s Greatest Betrayal: The Coming Sell-Out to the Super Rich and What It Means for the Rest of Us

(Alternet.org)  The wealthy now see victory within reach, through regressive taxation and the slashing of public spending on anything except more bailouts for the financial oligarchy. Now that President Obama is almost celebrating his bipartisan willingness to renew the tax cuts for the super-rich enacted under George Bush ten years ago, it is time for [...]

Jim Rogers: Better Future Without Central Banks

Interviewed by Betty Liu on Bloomberg Television together with Bethany McLean, a Bloomberg contributing editor, Rogers said regarding Ben Bernanke’s job performance and policy decisions, “I defy you to find a single time in the last six years that he has been in Washington, where he’s been right about anything.” He has characterized the Federal [...]

The Gold Standard Never Dies

(Lew Rockwell) John Maynard Keynes thought he had pretty well killed gold as a monetary standard back in the 1930s. Governments of the world did their best to help him. It took longer than they thought. Gold in the money survived all the way to Nixon, and it was he who finally drove the stake [...]