Category Archives: Financial

Retail Sales Unexpectedly Decrease in March

U.S. retail sales contracted in March for the second time in three months, a sign the American economy may have stumbled at the end of the first quarter. Retail sales fell 0.4% during the month, the Commerce Department said on … Continue reading

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David Stockman: This Is a Giant Ponzi Scheme, It’s Just Debt on Top of More Debt

httpv://www.youtube.com/watch?v=uF9UJh8bU70

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Investors are back with a vengeance

Investors have been rushing off the sidelines this year and show no signs of letting up. So far, they’ve pumped more than $60 billion into mutual funds and ETFs that hold U.S. stocks, according to research firm TrimTabs. That’s already … Continue reading

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Comex Gold Inventories Collapse By Largest Amount Ever On Record

A stunning piece of information was brought to my attention yesterday. Amid all the mainstream talk of the end of the gold bull market (and the end of the gold mining industry), something has been discretely happening behind the scenes. … Continue reading

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Why Are The Banksters Telling Us To Sell Our Gold When They Are Hoarding Gold Like Crazy?

The big banks are breathlessly proclaiming that now is the time to sell your gold.  They are warning that we have now entered a “bear market” for gold and that the price of gold will continue to decline for the … Continue reading

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Won’t Get Fooled Again

httpv://www.youtube.com/watch?v=ecPeSmF_ikc The following article was written in 1996. The consequences of the  “exuberance” of the stock market was seen a short period later at the dot com bubble burst. Then the tragedy of 9/11, the bank bailout, mortgage bailout and … Continue reading

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Bank Holiday for Bitcoin

What is the difference between halting trading on Bitcoin and a bank holiday? Get your money out of the 1’s and 0’s. David DeGerolamo BitCoin Halted? In other news, according to today’s leaked memo from the bearded chairman, one should … Continue reading

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Wind Him Up, Move Him Out

Obama is meeting “the heads of the world’s biggest banks” today to receive his marching orders. Since Obama’s spokesman “declined to provide details about the agenda”, we will have to once again wait and see what the powers that be … Continue reading

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This is why you don’t want to move gold yourself…

A few days ago, Italian authorities stopped a man who was making his way across the border into Switzerland with his wife and three children. They searched his car and found, literally, a ton of gold bars hidden in a … Continue reading

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Indoctrination to Start at Four?

I must have missed the part in the Constitution that requires me to pay for someone else’s child care. Don’t be fooled: this is a means to start indoctrinating our children at an earlier age. David DeGerolamo Obama: Put Nation’s … Continue reading

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For Those Who Think An Economic Crash Will Not Come Quickly…

Today’s chart for Bitcoin: BitCrash Continues: Down 40% And Dumping Time to rename it BitCrash… or will it stage an amazing recovery? Alas, for this particular bubble, there are no NYSE circuit breakers nor is there a Federal Reserve-mandated “plunge … Continue reading

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It’s Always about the Gold

Although the amount of gold redistributed from Cyprus to Germany/IMF  (as outlined in the article below ) is not large in the grand scheme, it is indicative of the plan being implemented for other countries. Italy should be up next … Continue reading

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Bitcoin Hits New Record, Crosses $250

More…

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Hope and Change?

Seniors would see smaller Social Security checks under Obama budget The budget plan, being released Wednesday, calls for changing the way the annual cost of living adjustments for Social Security and other federal programs are calculated. Shifting to “chained CPI” … Continue reading

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Obama to propose limits on IRAs for the rich

President Obama on Wednesday is expected to announce a plan that would prohibit individuals from reaping tax advantages on IRAs and other tax-preferred retirement accounts when the funds exceed $3 million. By proposing the cap as part of its budget, … Continue reading

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