On October 14, 2011, the news reported that the United States ended its fiscal year for 2011 $1.3 trillion in debt. 50 European banks must come up with $192 billion to meet capital requirements. U.S. spending was up 1.1 % in September, but personal spending is flat; which indicates inflation. JP Morgan earnings were dismal
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Is there any better indication that we live in a world turned upside-down than this? The euro – the currency of an economic region battered by the insolvencies of entirenations – looks more attractive to global investors these days than the crumbling U.S.dollar. A commentator in the Financial Times is the latest to riff on
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The real value of the gold standard was explained clearly in an essay by young economist,Alan Greenspan, the man who much later became the Chairman of the Federal Reserve. “In the absence of the gold standard there is no way to protect savings from confiscation through inflation,” wrote Greenspan. Without a gold standard, there is
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Gold has reached an all-time high price of over $1,300 an ounce, and there’s no sign that it will stop there. Why is this happening, and how can you benefit from it? As I told initial readers of this blog several months ago, and have been telling my precious-metals clients for years: Gold’s rise was
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It’s more than a little unsettling to Western governments that French police are battling French citizens in the streets over … the retirement age. The Sarkozy government wants to raise it by a couple of years, and protesters have gotten so vehement you’d think there was a new ban on wine at dinner. Could or
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When I watched a video on the Gateway Church web site of the recent Leadership Summit at Willow Creek Community Church, near Chicago, I dropped my jaw in shock. The pastor making the announcement seemed to believe that it was a good thing that Senior Pastor Bill Hybels was hosting Tony Blair, the former prime
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At the World Forum on Enterprise and the Environment last week in the United Kingdom, Al Gore – Nobel Peace Prize winner, former U.S. vice president and universal icon of global-warming hysteria – explained that the WAsman-Markey climate bill that had just passed our House of Rep0resentatigves will “dramatically increase the prospects for success” in
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Should people be buying houses right now? The answer is: only if you live in a rural or even remote area, and you are prepared for the coming crash. If you’re not – and that is most of us — do not buy a house or get a mortgage so that you’re tied to that
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Without a doubt, we can conclude that it is very grievous to God to watch His sheep be led astray in this financial depression by “shepherds” who want to build empires — at the expense of the sheep. Jesus did not hang out with the Pharisees, did He? The Pharisees were the religious leaders of
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I just watched a Yahoo! News story about the Los Angeles Police Department melting 40,000 pounds of guns that people anonymously brought to them during some turn-in-your-guns program. How stupid can people be? Let government buy back your guns? We should be keeping our guns! They may well be our last line of defense against the intentions
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