Wealth

Hannibal Is Still Circling Rome

Even years after his death, the Roman Senate continued to cry “Hannibal is at the gates,” using the peoples’ fear of Hannibal exactly as the U.S. government and its lapdog politicians today use the myth of terrorism. We are sacrificing liberty for “security” because of the created, imagined threat of terrorists.

The Dismal Economic Outlook For The New Year

Jobs offshoring, financial deregulation and 10 years of wars have severely damaged the U.S. economy and the economic prospects of 90 percent of the American population. The signs are everywhere in front of our eyes. They are in the income distribution data, the BLS jobs data, the Census data, the poverty figures, and the high number of food stamp recipients.

Which Is Better: Gold Or Gold Stocks?

The Midas metal has been on a tear since 2001. Since then, the world has witnessed two major stock market collapses, a boom-bust in real estate, the Great Recession and a European debt crisis. Throughout it all, gold has increased from $300 an ounce to nearly $2,000, before retreating (it currently is around $1,750 an ounce).

Luckily, Money Doesn't Buy Happiness

Many studies have demonstrated that being poor will make you miserable, but being rich does not make you happy. At some level, society has always understood this. The ancient Greeks talked about the elusive notion of what made a good life. They called it “eudaimonia.” It’s the philosophy that happiness comes from work that helps others, not worldly possessions.

Buy From A Trusted Dealer

Bob,

Clayton L. Egeness

Congress Wants Automatic Wage Deductions To Pay Down The Debt

H.R. 2411, the Reduce America’s Debt Now Act of 2011, states that every worker in America should be able to voluntarily have a portion of his or her wages automatically withheld and sent directly to the Treasury Department for the purposes of paying down the Federal debt.

Worldwide Financial Fears Send Gold Prices Soaring

On Wednesday, gold prices reached $1,580.70 an ounce, setting the stage for the eighth consecutive day of gains — a record unmatched since 2006. The price reflects worldwide financial fears, as the euro zone and United States debt crises rage on.

Senators Introduce Legislation To Remove Tax Burden On Gold And Silver Coins

On June 28, Senators Jim DeMint (R-S.C.), Mike Lee (R-Utah) and Rand Paul (R-Ky.) introduced the Sound Money Promotion Act, which would allow legal tender gold and silver coins to be considered in the same manner as United States currency for taxation purposes.

Nominal vs. Real Dollars

Nominal dollars are the everyday paper dollars that we think of and call money. These dollars change every day (depreciate). The value of these dollars goes down constantly as the money printers continue to debase our currency.

Greece Passes Austerity Measures, Riots Continue

On Wednesday, lawmakers in Athens, Greece approved an austerity package for the country, bowing to the demands of international lenders. The 155-138 vote passed as riots and protests continued in the nation’s capital.