Commodity Trade Mantra

Posts Tagged ‘US Government’

The World’s Largest Subprime Debtor: The US Government

Six years ago financial institutions were demonized as subprime borrowers who could not repay their loans. If the federal government turns out to be just another subprime debtor, we should expect the blame to be placed on the Federal Reserve for fostering such a situation and allowing it to persist for so long.

What the Next Gold Confiscation Will Look Like

Many have speculated that the US government could once again turn to gold confiscation/nationalization if it became desperate enough. These fears are not unfounded given the abysmal financial situation of the US government that only continues to get worse, coupled with a total lack of political will to cut spending.

US Government Has Rigged Precious Metals Markets For 80 Years!

The 60 Minutes coverage only included the tip of the iceberg about how US stock, bond, currency, and commodity markets are manipulated. The US government has been involved in manipulating these markets since the mid-1930s! High frequency trading is just one small tactic used to rig markets.

US now Spending 26% of available Tax Revenue just to pay Interest

In Fiscal Year 2013, the US collected $2.49 trillion in tax revenue & after deducting payroll tax of $891 billion (tied directly to funding Social Security & Medicare), had $1.599 trillion available to pay for its operations & total US interest payments were a whopping $415 billion – That’s Approximately 26%

Gold: Hold It Or Fold It? - Peter Schiff

It’s starting to feel like we are part of a giant poker game against the US government, whose hand is the true condition (unknown to us) of the American economy – So, who should investors believe about gold? Should one hold it or fold it?

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