While Washington won the approval of the public with scare tactics and bought votes with promises of new benefits, politicians have pushed national debt to levels that are already unsustainable. The only practical way to survive the coming economic collapse is to invest in precious metals. Silver is a great investment because its price is
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Before Nixon’s Executive Order on August 15, 1971, it was possible to exchange $35 in American currency for one Troy ounce of gold. His decision basically killed the US gold-standard currency and replaced it with a fiat currency that has no guaranteed convertibility. Ever since then currencies, including the dollar, have had to float in
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Throughout the months since my last post about the delivery practices at FAMC, I have continued to receive emails with requests for help from innocent people who found this blog, who had bought metals from FAMC and have not received them. I have continued to help them, and pray that Bates would correct his ways.
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According to a recent report by Jason Hamlin, the state of Virginia is considering adopting silver and gold as their alternative currency to the dollar. Amidst rumors and predictions of a collapse of the Federal Reserve System, a joint subcommittee may be established to determine if Virginia should proceed. The FED does not back the
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According to Dr. Martin Weiss, Ph.D. on January 12, 2011, “the U.S. Treasury announced that our government added another $80 billion to the cumulative budget deficit in December.” And this appears to be the good news. Because of the tax relief package passed in December by the White House and congress it looks like even
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Gold has reached an all-time high price o 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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This is one of the stupidest headlines I have ever read. It’s like saying, if you can’t afford to fix your house go ahead and do it anyway as long as you can get a loan. That is beyond ridiculous. What the government needs to do is cut spending, pay off the national debt and
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Don’t be surprised, but a growing number of secular financial experts are warning about the Obama administration’s de facto devaluation of the dollar – and the investment implications of it. “As new trillions of dollars are created by the Fed, the dollar is under ‘stealth devaluation,’” says Richard Russell at DailyCrux. “ In the choice between
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Following are some quotes from the most recent issue of a weekly newsletter issued by Swissamerica.com. The decline of the dollar should be of concern to every American. What do Proverbs 22:3 and 27:12 say? These verses tell the prudent to see danger ahead and prepare. Now, to the Swissamerica excerpts: “Sorry to break to
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What in the Hell is going on? And why would people be shocked for me to write that? Scripture is very clear that “the whole world lies in the wicked one.” (1 John 5: 19). Oh yeah, we’ve been taught that America is God’s blessed country, with a manifest destiny similar to that enjoyed by
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