California officially runs out of cash. How can jobs be created when a significant part of the California state workforce; and I presume the workforce of other states will be severely cut back due to a number of states going bust. How is the federal Government going to handle this except by printing money and [...]
Many global banks are buying up gold as quickly as possible. But why? Yes, you need to have sound reserves so that you don’t go bankrupt.
However, many of these are central banks OUTSIDE the US.
Now why do that?
Well I think what we are going to see is a move to end the [...]
The drop of Dow is so mild compared to the Asian countries’s stock market during the Asian Financial crisis. I mean if this is a serious bear market. At that time some countries’s stock market drop as much as 80% from all time high. From virtually no stocks below $1-00, many stocks went to below [...]
No you can’t eat it, burn it or smoke it but its value has NEVER gone to 0 unlike lots of fiat currencies in history.
One would be well advised to have some precious metals in their portfolio. I own stocks as well as CD’s mind you but gold has had incredible value over the millinium. [...]
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