When is a guarantee no guarantee? When you are doing business with liars and thieves — i.e., the government and banksters. Cypriots learned this the hard way over the weekend when the EU elites froze their bank accounts and announced plans to plunder savers’ accounts by up to 13 percent.
Most economic experts agree on three things: 1) Lawmakers are highly unlikely to reach an agreement before Jan. 1, when deep automatic spending cuts and crippling tax increases will automatically occur. 2) When they do implement a fiscal cliff plan, it will probably be little more than a quick-fix to avert only the harshest consequences of their failure avert the cliff. 3) Talks over the fiscal cliff have become more about political grandstanding and less about protecting Americans’ bottom lines.
Most conservatives believe that the re-election of President Barack Obama is going to bring dire economic circumstances over the next four years, which could possibly drive the Nation into total collapse. The belief is likely not far-fetched.
I am often asked if the government could once again choose to confiscate gold from individuals. The clear answer is: yes, if the government knows you have it. Buy gold; just don’t tell anyone you have it.
JPMorgan Chase has manipulated the price of silver and gold way below reasonable market value. Buy silver and gold now if you haven’t already. It is a gift from Satan, but a gift nevertheless — and a substantial one!
It sure feels good to make money in the stock market. And if you’ve been invested for at least a year in the stocks I’ve labeled World Dominating Dividend Growers (WDDGs), you’ve made a bundle.
I have gold and silver coins in my IRA but you have said that it is best to keep and store your gold and silver yourself. Should I cash it out and get my coins?
Federal Reserve Chairman Ben Bernanke continued the Fed’s war on and destruction of American savers and retirees last week with a continuation of Operation Twist. He will keep shuffling the same money piles back and forth to continue the charade that it is doing something constructive for the American people. But the truth is much different.
Not once in the 30 years that I have been researching the markets have I witnessed the troubles that the world now faces: a stock market slide, falling gross domestic product, rising unemployment and waning confidence.
Wall Street’s ignorance was on full display this month when Warren Buffett’s top investment advisor Charles Munger explained that gold is a useless relic. Munger thinks people should either be facing a Nazi occupation or else be as stupid as a caveman in order to purchase gold.