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Following is a historical perspective and our semi-annual overview of current US and world economic conditions and their implication for various markets. Presently, we recommend being out of (or short against) the broad US stock market and invested in gold, silver, energy, water, mining shares and selected foreign currencies.
THE ECONOMY
When the United States was founded, there was no paper money—only gold and silver coins. This was intentional, since our founding fathers had seen the misuse of fiat paper currency systems ruin economies (France, earlier in the 1700’s, for example).
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Featured Articles
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Social Security is a lot like the ozone layer -- we all know it's there now and we count on it being there in the future. Yet most people don't know much more about it than that. Here's a short listing of interesting facts about Social Security.
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We plan and prepare for most of the events in our lifetime, yet few of us prepare for the final event of our lives, our funeral. All adults should complete this document, for their own peace of mind and for the benefit of our families.
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We’ve all heard the horror stories of people who have suffered identity
theft. The Federal Trade Commission defines it as “crime in which
someone wrongfully obtains and uses another person’s personal
data…typically for economic gain.”
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Recent Blog Entries
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Greg Hunter, one of the few popular international media personalities that has consistently told the truth about our current financial mess, provides this reminder of the awareness level that existed as the US entered the Great Depression on October 29th 1929.
“It was the day of the worst stock market crash in history. Some people confuse the stock market crash on that fateful day as the Great Depression. The Depression was not a single day but rather an era that dragged on through the thirties and into the forties. The picture of what was about to happen to the lives of most Americans in the beginning was opaque at best. At the time, the general public did not realize a major change was taking place. After all, they were being told things like the economy is ‘fundamentally sound’ by then President Hoover. A few other quotes from the beginning of that dark era include:”
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Read more...
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