Coin Collecting News
My consistent position has been that government actions are the underlying problem causing global financial crises. I pick on President Barack H. Obama because he happens to be the current occupant of the White House, and his political affiliation doesn’t matter to me. If John McCain were the president now, I would be going after [...]
As I predicted last week, European officials early last Thursday cobbled together a so-called comprehensive agreement to address widespread financial problems within the Eurozone. This so-called agreement was reached under extreme time pressure so it could be presented at the G-20 Group of Nations meeting on Thursday. Here’s a link to the official October 26 [...]
Several financial events will come to pass next month, of which any one or more could trigger great volatility in gold and silver prices. The Federal Open Market Committee (FOMC) regularly meets eight times a year. Their next meeting will be held November 1-2. For the past several years it has been a common pattern [...]
The Financial Services Regulatory Relief Act of 2006 states, in part, “Balances maintained at a Federal Reserve Bank by or on behalf of a depository institution may receive earnings to be paid by the Federal Reserve Bank at least once each calendar quarter, at a rate or rates not to exceed the general level of [...]
As economic data deteriorates and markets decline, governments and multinational agencies are facing an immediate dilemma. They can either do nothing and risk a global depression—or they can intervene with more monetary and fiscal stimulus to postpone dealing with the problem a few months into the future. The choice of which direction we are headed [...]
In my Numismaster column (http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=24149) earlier this week, I discussed some facts about what led to the sudden sharp drop in gold and silver prices, then speculated on some possible events that might be occurring behind the scenes. I concluded that the drop in prices represented a bargain buying opportunity instead of being an indication [...]
Let’s see. The Eurozone is having so many issues trying to patch together solutions to debt problems over the past two weeks that it seems like the finance ministers are literally attending emergency meetings about every other day. President Obama’s alleged program to create American jobs met such poor public reception (and even complaints from [...]
In the late 1940s, manufacturing companies in the United States were the most efficient in the world. American workers were the most productive. As a result, American workers were also the highest paid in the world. This status was supported by relatively limited government regulation when compared to the United States today. The prosperity of [...]
Last Friday, the Bureau of Labor Statistics’ monthly jobs and unemployment report contained horrible news. The reported headlines stated that both total unemployment and also the unemployment rate were unchanged. While that news was considered a disaster for an economy that is supposedly undergoing an economic recovery, that headline was also a lie. According to [...]
FSB Identifies 29 Banks of Which the Failure of Any One of Them Could Wreak Global Devastation
FSB. SIFI. These are two acronyms that almost no member of the public would recognize. However, the entities that they identify will have more impact on your financial wealth over the next few months than almost any other entities you have heard about. The FSB is the Financial Stability Board. It was established in April [...]