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updated August 24, 2008
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.
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Featured Articles
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Reduce the possibility of losses in your cash accounts FDIC accountants quietly entered the Arkansas National Bank in Bentonville, Arkansas, after it closed on Friday, May 9, and began dismantling it. ANB, a $2.1 billion community bank and the fourth largest in Arkansas, was insured by the Federal Deposit Insurance Corporation (FDIC), so individual accounts were protected up to $100,000 each.
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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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THE ECONOMY
CREDIT CRISIS. After Friday’s close the FDIC announced it has seized Integrity Bancshares of Georgia, the tenth bank to fail this year. The Wall Street Journal Online reported that Treasury Secretary Paulson is meeting daily with his staff trying to work out how the government can intervene quickly if needed to bail out Fannie Mae and Freddie Mac and "avert a destabilizing jolt to the US economy and the world's financial system.
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A Case for Strategic Planning
By Don Boyer
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Smaller and dynamically changing companies often feel that strategic planning isn’t worth the effort. However, there is a case to be made that strategic planning can be a valuable asset
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