Have Americans been living above their means these past 37 years (since 1980)? I think so. We have borrowed and borrowed (and borrowed) to maintain our prosperity and our exceptional lifestyle. Much of this at the expense of the world’s citizens who provided us the goods. America has 4.4% of the world’s population yet we consume some 23.6% of Global production. How can this happen? Why this favoritism?
Read More »Search Results for: default
ETF Investors: Avoid These 10 Common Mistakes (+3K Views)
While ETFs offer numerous advantages over traditional actively-managed mutual funds and individual stocks - near total transparency, intraday trading, and a (generally) more straightforward tax situation - they aren’t foolproof, and there are plenty of opportunities to make mistakes while investing in ETFs. Words: 1991
Read More »Should you save for retirement or pay off credit card debt? (+2K Views)
Should you save for retirement or pay off credit card debt? If you're carrying a card balance, you may be wrestling with whether to put all your resources into attacking the debt, or start building your retirement nest egg while you slowly pay off debt. To figure out which scenario is better in a given situation, we've done the math for you.
Read More »Be Happy! Don’t Worry! No Need to Own Gold! Here’s Why (+2K Views)
Central bankers are managing paper currencies for the benefit of the people, not the financial and political elite. Consequently consumer prices are stable and there is no reason to own gold as protection from currency devaluations.
Read More »Here’s What Happens If You Don’t Pay Your Taxes (+2K Views)
Here's what happens if you're not able to pay everything you owe to the IRS, as soon as you owe it:
Read More »The Real U.S. Economy: A Full-Fledged Credit Crisis Is Inevitable (+2K Views)
Mainstream economic indicators aren’t telling the whole story. We looked beyond the headlines to understand how the economy’s really doing and we found something disturbing in our research that almost no one is talking about.
Read More »Upcoming Market Possibilities & How Gold May Figure In Them (+2K Views)
In a conversation posted at You Tube, GoldMoney's brain trust -- founder James Turk, CEO Roy Sebag, research chief Alasdair Macleod, and Vice President John Butler -- discuss the market possibilities for the new year and how gold may figure in them. They seem to agree that big changes are in the air.
Read More »A Look At “Safe” Investments: Just How Safe Are They? (+2K Views)
Is there such a thing as a truly "safe" investment? The short answer is that no investment is 100% safe, but there are certainly some investments that are better than others at protecting your hard-earned savings. Let's examine some of the most common "safe" investments and learn how good they actually are at shielding you from financial losses.
Read More »Total Collapse Of Our Keynesian Debt System Could Arrive At Any Moment (+2K Views)
Our economic system (Keynesianism) is totally broken and invalid for solving our global economic problems going forward because it is a one-way street where debt grows and grows to unsustainable levels. The end game is default and bankruptcy.
Read More »Stocks Down By 40%; Gold Down To $650-750; Oil Down To $26 By Year End
The expectation that we'll just grow our way out of this big fat bubble is not realistic. That has never happened - not once in history - and there's NO CHANCE this will be the first time - not given our aging populations, low productivity and unprecedented debt burdens! Here's my forecast - my expectations - for this very tricky year:
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