U.S. stocks are up again today, bringing the S&P 500’s bounce off the bottom to 63%. All those buy-and-hold 401(K) investors (and the advisers who told them to hang in) are breathing a sigh of relief and hoping that “normal” times are here again. But the smart money is looking for a short-sale entry point. […]
Paying Off The Past
Yesterday’s Wall Street Journal ran a great, sad article on the effects of the credit bubble on low-income people. A few excerpts: The ‘Democratization of Credit’ Is Over — Now It’s Payback Time Karen King owes nearly $36,000, more than she’s ever earned in a year. All day long, bill collectors call. She hunts for […]
Ron Paul: Here Comes the BIG ONE
Ron Paul has a bestseller. That sounds so nice I’ll say it twice. Ron Paul has a bestseller. His new book, End the Fed, is number 30 on Amazon as this is written — with 167 mostly glowing reviews — and his reception last week on Jon Stewart’s Daily Show was hugely positive. Stewart, more-or-less […]
Why Your Offshore IRA Needs an LLC
A few months ago I interviewed Erika Nolan, executive director of the Sovereign Society, a consultancy that specializes in asset protection, for a magazine article on offshore investing. Among other things, she said this: Historically, offshore solutions have been reserved for very high net worth individuals. But starting in about 2001 we started to see […]
James Quinn: It Started With Ron Paul
In addition to his day job as a strategic planner with an Ivy League university, James Quinn has, in the past year, become one of the Web’s handful of must-read bloggers. Nearly everything he publishes ends up in the DollarCollapse “Best of the Web” column, and his Burning Platform website now hosts high-level discussions on […]
David Morgan on the Junior Miners
The precious metals juniors have had a nice pop in the past few months. But according to David Morgan, veteran silver analyst and publisher of The Morgan Report, the real fun is just beginning. We spoke recently about why the sector has a bright future and how to tell the real companies from the story […]
Who’s on the List?
Yesterday’s Wall Street Journal ran an article on Washington’s ongoing attempt to discover where its citizens keep their money. Here’s a quote that illustrates the complexity of the cat-and-mouse game: At one point, the Swiss lawyer recommended to Mr. McCarthy that he set up a Liechtenstein foundation that would serve as an umbrella over a […]
It’s Still a Depression
Excerpted from a recent issue of James Turk’s FreeMarket Gold and Money Report: Given all the euphoria after the unemployment number was released on Friday, one would think that the economic contraction had ended. Unfortunately, the euphoria was misguided. The reality is that unemployment continues to worsen. Nonfarm payrolls in July continued the dreadful, protracted […]
I’ll Give Up My Chicken When They Pry It From My Cold Dead Hands
Last week I had dinner with two friends, one of whom is what the mainstream would call a conspiracy nut. Over the course of a couple of hours and a bunch of margaritas he walked us through everything from the government’s role in 9/11 to the FEMA internment camps to the surge in gun regulations, […]
“A Tremendous Secret”
Last week FOFOA posted a long article on the coming devaluation of the dollar and how it might play out. He thinks it will be sprung on us without warning — sooner rather than later: The point is that during times of transition, surprises are always the order of the day. We have a crazy-out-of-control […]
High-Level Monetary Discussion
Transcript of GoldMoney’s James Turk responding to questions/comments from Principally Correct, a visitor at DollarCollapse.com: Principally Correct: An author wrote in the FAQ on “fiat currency”: “An example of a non-fiat currency would be the gold and silver coins that used to circulate in much of the world. There was only so much of each […]
Doom And Gloom Are In
Watching the markets tank yesterday, supposedly because of a pessimistic World Bank (!) report, got me to thinking about Elliott Wave analyst Robert Prechter’s belief that news doesn’t move markets. Instead, he says, our reaction to events is what matters, and that depends on how we’re feeling — i.e. the social mood. Prechter’s take (I’m […]
No Gold, No Bullets: Now It’s Personal [Revised 6/23/09]
Facts have a different feel when they’re personal. And speaking personally, evidence that Americans are seriously spooked is starting to pile up. In the past few months: • While researching a magazine article on offshore investing I interviewed Erika Nolan, executive director of the Sovereign Society, a Florida-based consultancy. She noted that her client base […]
Is Your Gold Really There?
I was getting ready to post an update on GoldMoney’s new service that allows customers to take delivery of their gold and silver in smaller, more practical bars. But Run To Gold’s Trace Mayer got there first, with an article that also explains the controversy now raging over whether mints and other bullion storage firms […]
Lessons From the Past
Discover Magazine runs a monthly back-page feature called “20 Things You Didn’t Know About…” that usually lives up to its title. In a recent issue the subject was money, and some of the factoids are worth noting. See 6, 7, and 8. 20 Things You Didn’t Know About… Money 1 No escape: As you file […]
