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Socialist leader Hugo [OOgo] Chavez demanded in August that Venezuela’s gold be sent to it for safekeeping. The first delivery has taken place. It is customary for nations to leave their gold in storage, either in London or at the New York Federal Reserve Bank. It is rare for any nation to take delivery. Chavez […]
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We know about the game of chicken. Teenage boys in hot rods drive toward each other to see who will swerve first: “Chicken!” It is happening in Europe. There is going to be a crash. That crash will lead to an explosion, which will be felt in the USA. The credit markets are intertwined. This […]
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You have to read between the lines of articles relating to the crisis in Europe. The central fact is this: the 60-year experiment of the New World Order to consolidate Europe into the United States of Europe is in deep trouble. This consolidation has been central to all European politics ever since 1951. The attempt […]
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I bought an iPad 2 today. It was not easy. These people almost blew Black Friday. For two hours, the order page was missing in action. This was not the way to start Black Friday. Then the order page appeared. It had two prices. The retail price ($499), with the sales price next ($458) in […]
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Richard Rahn is a free market economist with the Washington think-tank, Cato Institute. He has drawn attention to the reasons why we should not expect deflation. The Federal Reserve will see to that. He sees whaere present policies are headed unless governments reverse course. “The major world governments are in the process of destroying the […]
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The talk in the mainstream media is moving to gold as a solution. This is the first time in my lifetime that this has happened. I don’t think this is going to happen this year or next year. But the fact that high-level discussions by European decision-makers have turned to gold indicates a major paradigm […]
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The Eurozone is facing a crisis, as we know. There is not much interest in this by Americans, yet we are connected to Europe through the banks. Therefore, the Federal Reserve will intervene, if it thinks this is necessary. What will this mean for gold? Here is one answer. The obvious catalyst is a massive […]
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The Federal Reserve System is called “the lender of last resort.” The trouble is, it is Europe’s lender of last resort. We have seen this repeatedly since 2008. Here is one example. Here is another. Most Americans are not interested in the crisis of the euro. Spain? Italy? Greece? It’s irrelevant to them, they think. […]
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Back when I worked for a salary — in 1979 — I thought my employer was on solid ground. But I still made the break. I had worked for over four years to start a newsletter business. It was finally making a lot of money. So, I quit my day job. I became self-employed. I […]
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If you are planning to retire in comfort, you must make different plans from those your friends and peers are making. That’s because the conventional pension fund programs are in trouble. This article by John Rubino spells it out. First, only the rich will be able to enjoy a comfortable retirement. Americans are part of […]
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