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Economics and Investing:
In a recent edition of his Reality
Check e-newsletter,
my mentor Dr. Gary North mentioned this
alarming piece posted in the Not A Sheep blog: The
Disappearing £16.3-trillion.
In the age of the Internet, it has become difficult for the Powers That Be to
spike a news story!
Laura and Garth were the first of a dozen readers
to send this link: Kansas
suspends income tax refunds, may miss payroll
Ben H, sent this link to an interesting (and frightening) article at the Von
Mises Institute: Printing
Like
Mad
I noticed that spot
silver and gold prices
are solidly back on the bull market track, at seven month highs. To those
that were castigating mea few months ago, for "giving bad advice", all that
I can say is: "I have my doubts that your
stock portfolio is going to do as well as my silver for the next five
years." And to anyone that is dawdling, waiting to see "direction" in the
metals markets, you
are about to miss the boat. Buy on the
dip days.
Items from The Economatrix:
Obama
Signs Stimulus and Dow Plunges 300 "The Dow closed at 7552.60, only
a fraction of a point shy of the recent low of 7552.29 Nov. 20, just after
Obama was elected. The market now is down
more
than 2,000 points since Obama was elected, when it closed 9625.28 Nov. 4."
GM Seeking Up to $30 Billion More, Axing 47,000 Jobs
Worst is Yet to Come for Americans
Lloyds Facing More Write-Downs, HBOS Losses Mount
Nationalizing 401(k)s
Little-Known Agency that Insures Pensions of 44 Million Workers Braces for
Recession Fallout
Automaker Bankruptcy Looms
Eastern European Currencies Crumble as Fears of Debt Crisis Grows
America's Emptiest Cities
Feds
Provide $429 Million to 29 More Banks "The Treasury Department says
the capital infusions bring the total amount the government has invested in
banks to almost $200 billion."
