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Author Archives: jerry
Bank Run in Latvia!
At the beginning of this week, Latvia had a bank run occur. Approximately 1.5% of the the funds deposited were withdrawn in a single day. This bank run shows how quickly a financial situation can go from bad to worse. … Continue reading
Jim Rodgers: The Fed is the Worst Central Bank in the World
Jim Rogers discusses how the Federal Reserve is destroying the dollar and the US itself. He also talks about how in comparison to other Central Banks the US Central bank is arguably the worst in the world.
November 2011 Unemployment Numbers
November Unemployment Numbers are Deceptive and a Forecast of 2012November 2011 unemployment numbers were posted showing a drop from 9% to 8.6% with 120,000 jobs being created. However, what these number deceptively leave out is the number of people who … Continue reading
China Cuts Banks Reserve Requirements by 50 Basis Points!
Today China also cut their bank’s reserve requirements by 50 basis points. The general idea behind such a move is that if China cuts the size of the reserve its banks have to keep than the banks will take the … Continue reading
Could the Eurozone Collapse in 10 Days?
The Eurozone is quickly approaching the edge of the cliff. Italy, Spain, Portugal, Greece, and, Belgium are all in a mess right now. Some experts claim that it could have as little as 10 days before it collapses. There are … Continue reading
US Crosses Over the $15 TRILLION Debt Line!!!
Yesterday, November 16th, 2011, the United States finally crossed over the $15 Trillion debt mark. More importantly, on Halloween night, the U.S. crossed over the 100% debt/GDP ratio! For most Americans, this brought little alarm because … Continue reading
US Debt Potentially Downgraded by the Chinese!
In the face of the massive economic crisis in Europe, it is very easy to forget that there is an even larger economic elephant in the room. However, recent action by the Chinese has once again … Continue reading
How does the Italian economy affect gold and silver?
Italy continues to plunge deeper and deeper into an economic pit that it cannot dig itself out of. As of yesterday, Italy’s 10-year bonds rose to 7.25% interest well over the 6.6% that is commonly … Continue reading
WHY Did the Silver Correction Occur?
This is the question everyone is asking. Silver started out at the beginning of the week in the low $40’s and gold at nearly $1800. From there silver fell to $36 on Thursday, to $31.03 on Friday, and then … Continue reading
Does the Government Manipulate Silver Prices?
One of the natural questions that is so commonly asked by investors is “If silver is such an incredible investment and $100 silver is a no brainer, than why have the prices stayed so low … Continue reading
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