Tuesday , 5 November 2024

Yearly Archives: 2011

America: The 42nd Most Unequal Country in the World!

Remember the song by The Barenaked Ladies called "If I Had a Million Dollars"? Well, if you were one of the many ultra-wealthy around the world who were worth billions (see list) and earns billions of dollars each year, year after year, where could you possibly spend such riches? Well, frankly, even being very extravagant, it actually is surprisingly difficult to spend that much money - and there's the rub. While this article, on one hand, outlines where and how a billionaire could make a small dent in his fortune (the uplifting part) it outlines, on the other hand, just how concentrated wealth is in the U.S. these days and the adverse effect such a concentration is having on our society. Words: 2156

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Why Government Employee Unions Are To Blame for Impending State Bankruptcies

The charade is over. American taxpayers finally seem to be aware that they are the servants, not the masters, of government at all levels. Government-employee unions have played a key role in causing bankruptcy in most American states, and their pleas for more bailouts financed by endless tax increases are finally ringing hollow. Words: 1192

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Americans Have Thrown in the Towel as They Await "The Big Splatter"

The U.S. Federal government deficit for fiscal year 2011 has just been revised upwards by a further $378 billion to a whopping $1.645 trillion. As of January 2011, the total outstanding debt of the U.S. Federal government is $14.131 trillion. These numbers are huge, Huge, HUGE but Americans believe there is really no need to worry that much about such astrnomical numbers because they all know that it’s going to get much, much worse. They all know that there’s no sense worrying about this little milestone on the road to hell. Words: 1016

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The Day of Gold-Plated Public Sector Pensions are Numbered (+2K Views)

The ‘workforce elite’ in America today are public sector employees and they, led by state and municipal unionized workers, are now in open revolt to preserve their special status, and the status quo. Wisconsin is the current case study in what happens when the government, a monopoly service provider, confronts the fact that the taxpayer is tapped out and can’t take it anymore – and there simply isn’t enough money anymore. Those realities are going to result in major adjustments in worker incomes, future pensions and benefits and their overall standard of living. Let me explain. Words: 2137

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GOLDRUNNER: THE GOLDEN PARABOLA (+9K Views)

Gold is in an historic Bull Market because most nations are printing their paper currencies like they are going out of style (and maybe they are) as each nation tries to battle off the massive deflationary backdrop of debt that has permeated most of the world. This surge of debt monetization - this devaluing of the U.S. Dollar for one - has set the scene for a parabolic rise in $Gold to $1860, or even more, over the coming months before an intermediate-term correction takes place. Let me explain. Words: 1831

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U.S. Dollar to Rise into May 2011 and then…. and then?

Cycles repeat - just like clockwork - and, in spite of the on-going bull-bear debate, price eventually aligns to the dominate cycle. That being the case I am optimistic that the U.S. dollar is in for a short-term bullish run. Let me explain. Words: 808

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Global Money Printing Is A Recipe For A Global Economic Nightmare (+2K Views)

If the U.S. dollar is being devalued so rapidly, then why does it sometimes increase in value against other global currencies? It is because there are times when one particular global currency will fall faster than the others but the reality is that they are all being rapidly devalued. As the 6 charts below illustrate, the UK, the EU, Japan, China and India, as well as the U.S., have all been printing money like there is no tomorrow. Unfortunately, this is a recipe for a global economic nightmare. Words: 1102

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Goldrunner: Martin Armstrong vs. His Own Model (+3K Views)

Martin Armstrong has stated his expectations for Gold and the PM Sector to fall into the June period and to continue to correct into October based on his Economic Confidence Model. The fractal work that I do off of the 70’s Precious Metals Bull market and other areas of the charts does not agree with his expectations. Thus, in this writing I take a look at how the Precious Metals Sector has performed in reference to Mr. Armstrong’s Model “bottoms” themselves. Words: 1482

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Historical Gold:Silver Ratio Suggests Silver Could Easily Reach $200! (+9K Views)

The current gold:silver ratio had been range-bound between 60:1 and 70:1 for quite some time until dropping below 50:1 recently (currently at 47:1) which is way out of whack with the historical relationship between the two precious metals as seen below. It begs the question: “Is now the perfect time to buy silver instead of the much more expensive gold metal?” Words: 1339

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Forget Gold Bullion! Those in the Know Own Silver & Gold Miner Warrants (+9K Views)

The world of warrants is the undiscovered constellation in the universe of securities. Long term (LT) warrants shone brightly in 2009 - up 242% in U. S. dollar terms - and were up a further 91% in U.S. dollar terms in 2010. The warrants world consists of only 135 stars (i.e. constituents) of which only 32 are associated with 29 commodity-related stocks that have sufficient brightness (i.e. 24+ months duration) to warrant (the pun is intended!) the attention of earthly investors. Words: 1581

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