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Posts Tagged ‘President Obama’

Gold Price Strengthening as Debt Ceiling Debate Heats Up … Again

Any near-term “resolution” of the debt ceiling standoff that doesn’t require the government to start living within its means won’t resolve the debt problem. It will just make the problem bigger – more spending; more borrowing; more bond buying from the Federal Reserve. It all adds up to more reasons to own gold and silver.

Repeat After Me: The US Dollar Is Not Real Money

The dollar is not real money. It represents no real work, savings or wealth. Civil servants can create it at will. As much as they see fit. And what about the saver? He must think himself a fool. For all his self-discipline…his forbearance…his willingness to forgo immediate satisfaction in return for greater returns later…what does he get? NOTHING.

US Debt Reaches $18 Trillion; Surges 70% In ‘Recovery’ of President Obama

With the US national debt or government debt now at over a staggering $18 trillion, it means that each household in the US now carries the burden of $124,000 in national debt alone – or $56,378 per individual. This does NOT include private or household debt, mortgages, personal loans, credit card debt, student loans, car loans, etc.

Nightmare Scenario Around The Corner: Ebola - World's Next AIDS

Ebola poses a threat equivalent to AIDS and will become just as deadly without further action, Centers for Disease Control and Prevention (CDC) Director Tom Frieden said Thursday. The remark is part of a marked increase in the intensity of warnings about Ebola from Frieden, in communicating to the public about the virus.

Alan Greenspan's Nine Reasons "Why The Economy Stinks"

Alan Greenspan listed 9 specific reasons why the “economy stinks”, although surprisingly, nowhere did he mention the fact that the current and future economic disaster is all a direct result of his “great moderation” ruinous reign at helm of the Fed and its catastrophic monetary policies.

Another Crisis of Confidence in the Dollar is Coming

The US is engaged in a new currency war & another crisis of confidence in the dollar is on its way. The new crisis will likely begin in the currency markets & spread quickly to stocks, bonds & commodities. When the dollar collapses, dollar-denominated markets will collapse & panic will quickly spread throughout the world.

Buy Gold and Silver to Protect Your Wealth

The current geopolitical tensions are going to worsen in the short-term. No matter what media you may believe, in the end you have to look after yourself & the way things are going every individual should own some physical gold and silver. They provide the ultimate insurance against bad decisions made by governments.

Full-Time Pain: Most Americans "Wouldn't Call This A Recovery"

Most people will have the impression that the 288,000 jobs created last month were full-time. Not so. And more directly, “most Americans wouldn’t call this an economic recovery.” There are 48 million people in the U.S. in low-wage jobs, resulting, as Mort Zuckerman concludes, “Faith in the American dream is eroding fast.”

Russian Sanctions Could See Gold Prices ‘Explode’

The risk of conflict between Russia and the U.S. and EU is more than a short term risk. It is one of the greatest geopolitical challenges since the end of the Cold War. Therefore, it is likely to have a more material impact on gold prices due to the the strong possibility of increased safe haven demand.

What Needs to Happen Before We See a Big Recovery in Economy?

Will real economy mend before excessive financial risk-taking kills the patient? What needs to happen before we get a robust recovery: 1) Households need to borrow at the pace we normally see in economic expansions. 2) Household income needs to grow strongly – More of the second & less of first.

Preparing for Obama’s 2015 Budget with a Chart and a Toy

When President Obama rolls out his proposed budget, you’ll hear boasts about improvements in the deficit since the depths of the Great Recession. You’ll also hear claims that those improvements are easily sustained; that a much talked about “grand bargain” on long-term debt reduction can wait.

Obama Fires the First Shot on Your Retirement Account

US retirement accounts hold well over $5 trillion in assets – You can almost hear Uncle Sam salivate. The MyRA looks like the first baby step toward acclimating people to the idea that retirement savings are too important to entrust 100% to the market. Government bonds, you see, are much safer.

The New Fed Chair - Janet Yellen's Impossible Task

Janet Yellen is supposed to accomplish what simply cannot be done, namely ‘unmake’ the mistakes she and her predecessor have jointly committed (let us not forget, she was vice chair and never once dissented with the decision to implement an extremely loose policy).

It's Not Too Late To Change Our Future, But Eventually It Will Be

The long term implications of these secular shifts are crucially important to the future of everything from investing, to living and the future of our economy. It is not too late to change our future, but it eventually will be if we do not begin to make changes soon.

A Collective Pining for More Inflation

Some economists say more inflation is just what US economy needs to escape from a half-decade of sluggish growth and high unemployment – Widely reviled as a kind of tax on modern life, a sustained burst of moderate inflation is not something to worry about.

Can President Obama Nationalize U.S. Oil Fields?

Desperate times call for desperate measures – If Congress’s stubbornness really were to push the United States into the financial abyss, President Obama might even do the unthinkable: Nationalizing the country’s Oil Fields.

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