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Odds 'n Sods:
Frequent content contributor Cheryl N. flagged an article at WorldNetDaily:
1930s
Bank Runs Are Back. Speaking of banks, a
recent Market Oracle article notes
that Wachovia will soon close its wholesale lending unit and henceforth will
lend only to bank customers, not brokers. Meanwhile, Bank of America's
purchase of Countrywide that supposed to close this quarter may not happen
after all. B of A says it will
not
guarantee the
Countrywide
debt.
o o o
The latest from Ultra Nanny State Britannia: Now
there are 1,000 laws that will let
the state into your home
o o o
Matt in Tennessee recommends checking out this
energy plan from a Big Oil Baron, T. Boone Pickens. As has been the case,
irony aside, the oil people have been the first in the renewables market. Anyway,
this plan is most revealing
and is on a huge or macro scale what you propose and promote on an individual
or micro scale. Good stuff!
o o o
In his most recent e-letter,
veteran economist Howard J. Ruff recommends divesting
from precious metals exchange traded fund (ETF)
investments and substituting physical metals that are held in your personal
possession. He cites some shady
business practices
by Barclays,
the
owners of the Silver ETF (SLV), in particular, as cause for concern. It seems
that there is not nearly 1-for-1 equivalent storage of physical ounces of
silver versus electronic shares. I strongly concur that there is no substitute
for having tangible precious
metals stored securely at home, preferably in a hidden wall
or door cache. (Such as a Rawles "Through
the Looking Glass" cache.) OBTW,
in anticipation of the unlikely event of a home invasion burglary, you should
store a smaller quantity of silver
coins in a separate cache, so that you can "toss a bone" if
the bad guys hold a gun to your head.
