Saturday , 2 November 2024

Lorimer Wilson

Economics of Gov’t Are No Different Than Those of Typical American Family – Here’s Why (Almost 2K Views)

If Congress does not raise the debt ceiling, the result will be no different than the Jones family deciding that they have maxed out their credit cards and that, if they continue borrowing and spending over their means, there will be significant pain to the family at best and bankruptcy at worst. Any attempt to prove otherwise is futile because it's just not true! [To further make his point the author provides below 7 other examples of why the economics of government are no different than those of the typical American household.] Words: 585

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Gold Is Looking Increasingly Vulnerable – Here’s Why

The threats of global recession, insurmountable debt, terrible government policy, central bank support, and many other very persuasive arguments present gold as a very appealing investment or safe haven but all of this is an illusion. Gold was a sensible investment in the early part of the bull market (1999-07), but has now become a false sense of security for many investors who will soon learn the hard way. Not only are the fundamentals already priced in, the technicals severely weakened, and the extremes in gold optimism easily apparent, but the bad news for gold could soon get much worse. The next weeks or few months will hopefully give us a lot more clarity. Words: 1170

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George Soros: A Professional & Personal Profile (+2K Views)

While George Soros spent over 40 years managing funds at Soros Fund Management, racking up an incredible average annual return of 20%, he is arguably most known for the huge bets he made against the British pound in 1992. He felt that the European Exchange Rate Mechanism overvalued the pound and that the system was inherently unsustainable so he bet $10 billion on this view and reaped more than $2 billion in profits from his trades. [This article outlines his the life - both professional and personal - of this epitome of a hedge fund manager.] Words: 972

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Monty Pelerin: Economic Collapse Coming to U.S. & Other Industrialized Nations of the World! Here’s Why (+3K Views)

Those dependent on the welfare state are unaware that their benefits are not sustainable. Most believe tomorrow will be like today and the checks will keep coming from Mother Government. Political power was gained based on promising these benefits. No politician will risk his position by trying to reduce them. No democratic society has ever rolled them back via peaceful political means. [At worst,] the economy and society could end up in ashes [and, at best,] the world is in for a long period of stagnation, retrogression and conflict. [Let me explain more fully.] Words: 1115

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“Ponzi Finance”: What Must Happen To Bring It To An End?

The Boston Consulting Group has issued a paper that recommends 10 steps that developed countries must take to end what they refer to as 'Ponzi finance' and to return to a sustainable growth path but I believe their recommendations to be but theoretical and impractical constructs. While I believe we face - and will experience - interesting, speculative, fragile, and very challenging and very likely life-changing times going forward, I believe that the only thing that will force developed country politicians to work for common purposes is a further global financial crisis. This article provides an overview and assessment of said paper and the rationale for my position. Words: 600

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Keep the Faith – This Bull Market in Gold STILL Promises to Be One for the History Books! Here’s Why

Seeing the S&P 500 outperform gold and seeing gold stocks get decimated...has been enough to create suicidal sentiment...in the precious metals (PM) sector...but, as the many calls for an end of the PM bull market...[are expressed,] the risk in the PM sector gets lower and lower. The bigger picture hasn't changed and isn't going to for some time [so] keep the faith and hold onto your PM sector items tight. Don't let the short and intermediate-term noise distract you from what STILL promises to be a secular bull market for the history books. The Dow to Gold ratio will hit 2 and might even go below 1 this cycle. [Let me explain.] Words: 873

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