The rioting and looting currently taking place in Egypt is primarily a result of massive food inflation and shows what all major cities in the U. S. will likely look like come year 2015 due to the Federal Reserve's zero percent interest rates and quantitative easing to infinity... Words: 1891
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Americans Are Hurting And It’s Going To Get Worse – Here’s Why (+4K Views)
You thought 2010 was bad? Well, you haven't seen anything yet. 2010 was a Sunday picnic compared to what is coming. Get ready to get squeezed. Get ready for higher food prices, higher gas prices, higher health insurance premiums and higher taxes. Get ready to try to do a lot more with a lot less. Average Americans are going to be squeezed until they have nothing left to give - then they are going to be squeezed just a little bit more. Are you ready? Words: 1110
Read More »Update: These 113 Analysts Believe Gold Will Go Parabolic to $3,000 or More! (+10K Views)
More and more economists, analysts and financial writers, 122 in fact, have taken the bold step of projecting the price at which gold will achieve its parabolic peak with 6 individuals claiming that the peak price will be realized sometime in 2011. Some have adjusted their previous prognostications higher given gold's strong advance again in 2010 while others have jumped aboard what has become a bandwagon of optimism. The majority (84) maintain that $5,000 or more for gold is possible. Words: 826
Read More »"The Great Dollar Devaluation Disaster" is Only Just Beginning – and the Intended Victim is YOU! (+11K Views)
The handwriting is on the wall: This great dollar disaster is only just beginning. Obama and Bernanke have no choice. Either they dramatically devalue the dollar over the next three years, or they go down in history as the first administration to default — to welch on the government’s debt obligations. Words: 1781
Read More »Will This Be The USA in 2012?
The economic condition of the country continues to decline toward its rendezvous with an, as yet, unknowable catastrophe. Here is... a look (not a prediction) at a series of not improbable events that could develop [and which] would change our economic world overnight. Words: 1550
Read More »McGuire: $10,000 Gold is a Distinct Possibility! Here’s Why (Almost 6K Views)
In stormy times, investors look for something solid to hang onto—something like gold. The World Bank president himself, Robert Zoellick, suggested in November that the world’s economies could use the old reliable metal to help stabilize their currencies. For these and many other reasons gold has nowhere to go but up. [Let me explain.] Words: 1465
Read More »The Future: How Best To Avert Disaster
The future will be determined by how global supply and global demand are brought back into balance. If, [on one hand,] the means are found to expand aggregate demand sufficiently and sustainably, then the global excess supply will be absorbed and the global economy will begin to grow again. If, on the other hand, equilibrium is restored by a collapse in supply – back to a point at which there is real demand, a point determined by the current income and purchasing power of the individuals who comprise the world’s population – then globalization will collapse and the world economy will plunge into depression. Should that occur, millions of people around the world could starve before the decade is out. The geopolitical repercussions of such a scenario would be beyond dire. Words: 1313
Read More »Ignore Your Financial Advisor: It's Time to Own Gold Not Stocks – Here's Why
I know quite a few people who are still invested in the stock market – if not up to their necks, then certainly for a lot of money. They smile knowingly and say, “Do you know a better place to have made money in 2010?” The answer is, “Yes – gold”, which is where I’ve been. Nevertheless, they do have a point: had I held less cash – and added Stocks to my portfolio – last year would have been even better than it was for my... [investment portfolio. That being said, I'm staying] out of the stock market until the FTSE reaches 3000 [and/or the Dow reaches 6,000 and/or so the S&P 500 reaches 600!] Words: 975
Read More »It’s Just a Matter of Time Before Gold Becomes Priceless! Here’s Why (+2K Views)
If we continue down the same economic path that we have been following for the last four decades (and I seen no indication that we won't even if we wanted to, or could, at this point), it is mathematically inevitable that gold and silver will approach infinity in U.S. dollar terms at some point [in the future]. [Yes, to infinity!] Words: 1242
Read More »Rampant Inflation is Coming – As Soon As 2011!!
Are you ready for rampant inflation? Well, unfortunately it looks like it might be headed our way. The U.S. monetary base has absolutely exploded over the last couple of years, and all that money is starting to filter through into the hands of consumers. Commodity prices are absolutely skyrocketing, and it is inevitable that those price increases will show up in our stores at some point soon. The U.S. dollar has already been slipping substantially, and now there is every indication that the Fed is hungry to start printing even more money. All of these things are going to cause a rise in inflation. The only real question is how far down the road are we going to get before it happens. Words: 1096
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