Unemployment Picture Remains Ugly
Editor’s Note: As the month of June comes to a close, the unemployment picture in the United States is still bleak at best. A news story from Reuters indicates that this week marks the 12th straight week that jobless claims were above “normal” or stable levels. We are not surprised by the unemployment levels, and in fact, we believe that the numbers are much higher than the government reports. We expect unemployment to remain high as economic conditions continue to worsen for the nation.
Dollar Will Lose Global Reserve Currency Status, Says Central Bankers
Editor’s Note: In Jerry Robinson’s book, Bankruptcy of Our Nation, Jerry forecasts that by 2020 the U.S. dollar will lose its global reserve status. There is more and more news that points to this forecast becoming reality. As the world recognizes the economic problems in the United States, they will gravitate toward safer currencies in the years to come.
New Gas Fields Could Make Israel Big Player
Editor’s Note: Over the last couple of years, over 24 trillion cubic feet of natural gas has been found off of Israel’s coastline in the Mediterranean Sea. The reserves are enough to last the country 75-100 years based up on the nation’s current level of consumption. These finds represent a huge opportunity for Israel as the discoveries are transforming the nation into a net exporter of energy. Until recently, technology has driven the tiny country’s economy. Now, however, Israel’s natural gas reserves will provide a new revenue stream which will turn eyes from two directions. From Europe and the West who will likely become importing partners. And from the Middle East, who will not be excited about new competition in the energy sector from the Jewish state. We’ll keep our eyes on this one…
The Current State of Retirement – This Week’s Financial Strategy with John Bearss
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In this week’s Financial Strategy segment, we’ll be joined by Retirement Specialist, John Bearss, in a special extended interview. Jerry will discuss with John the current state of retirement. Our discussion will include some key ideas and strategies for those nearing retirement to consider.
Precious Metals Market Update – June 25, 2011
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In this week’s Precious Metals Market Update segment with precious metals advisor, Tom Cloud, learn what’s happening in the precious metals markets and what lies ahead for gold, silver, and palladium.
Americans Spend at Weakest Pace in 20 Months
Editor’s Note: There is more dreary news coming from an economic report released today by the Associated Press. Consumer spending is at its weakest pace in 20 months, unemployment is up and the stock market was down last week. We expect more bad news to come out as the month closes and the Fed’s QE2 program comes to an end.
Ron Paul: Where is Our Gold?
Dr. Ron Paul continues to seek the truth on the gold reserves of the United States. Here are a few videos from the the June 23 Congressional hearing initiated by Dr. Paul. Also, CNN is actually highlighting Dr. Paul’s latest efforts. The story is contained inside.
Friday Reader Q&A: Is a Direct Selling Business a Good Stream of Income?
It’s Friday. And that means that its time for FTMDaily’s Reader Q&A. Each Friday, we reserve our daily column for our readers and their questions. Whether you have a question about your money, our Five Levels of Financial Freedom, the global economy, commodities, or retirement savings, we invite your questions.
The Fed ‘Doesn’t Have a Clue’… Really?
We believe that the Fed is ultimately planning to print more money in the form of another round of quantitative easing. However, the Fed wants the population to feel like they desperately need it. Therefore, as a prerequisite to “QE3”, stocks must be decreasing and retirement accounts must be plunging. If the majority of America’s 401(k)’s are going down in value, then the Fed would be applauded for its money printing. If the financial markets are healthy, then the Fed would be demonized for its massive influx of new cash into the system and subsequently blamed for inflation.
Making Money in Real Estate in 2011
According to the National Association of Realtors, all-cash buyers accounted for 30% of existing home sales last month. That’s up from 25% in May 2010, and 12% two years ago. If you go back to March of this year, cash buyers made up an astounding 35% of all existing home sales.
China Moving Away from the Dollar – More News About the Emerging Giant
It looks as though our predictions about China are starting to unfold into reality.
Precious Metals Market Update – June 18, 2011
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In this week’s Precious Metals Market Update segment with precious metals advisor, Tom Cloud, learn what’s happening in the precious metals markets and what lies ahead for gold, silver, and palladium.
Friday Reader Q&A: Can I Get Back the Premiums I Pay for Life Insurance?
It’s Friday. And that means that its time for FTMDaily’s Reader Q&A. Each Friday, we reserve our daily column for our readers and their questions. Whether you have a question about your money, our Five Levels of Financial Freedom, the global economy, commodities, or retirement savings, we invite your questions.
Are We Running Out of Silver?
Editor’s Note: Although silver prices have experienced a dip in the last several weeks, the demand for silver is consistently increasing. The supply, on the other hand, is having trouble keeping up with demand. Therefore, we expect the price of silver to continue its upward trend as we move into the coming months and years.
Housing Crisis Worse than Great Depression: 7 Shocking Facts About the U.S. Housing Market
Unless you have been asleep for the past several years, you know that the United States housing market is in the midst of a downturn of historic proportions. According to Case-Shiller, one of the leading housing data analysts, housing prices dropped 1.9 percent in the first quarter of 2011, revealing evidence of a clear double-dip in prices. The fall in prices even led one economist to claim that the housing crisis has been larger and faster than the one during the Great Depression.
Latest Gold News: Could Gold Reach $5,000?
Here at FTMDaily, our investment philosophy has changed little over the last several years. We hold to an investing philosophy which we call P.A.C.E., which includes precious metals (P.A.C.E. stands for Precious metals, Agricultural Commodities, and Energy). We believe that precious metals continue to be a wise investment for those investors seeking inflation protection.
Cost of Living Soars as Inflation Rises Most in 3 Years
Editor’s Note: Today’s rise in the CPI numbers are the inevitable outcome of the Federal Reserve’s “easy money” policies. Rising consumer prices are still in the warm-up phase. We expect inflationary pressures to continue to threaten the U.S. economy with full blown hyperinflation remaining a “real and imminent” threat over the next 12-18 months.
Greece Shaken by Anti-Austerity Riots; Debt Fears Escalate
Editor’s Note: Today’s turmoil in Greece is continuing to roil the financial markets. The slide in the equity and energy markets today show the major impact that the Eurozone worries are having on investors.
My Recent Run-in with the Federal Reserve Police
Most Americans have no clue that the Federal Reserve is not part of the U.S. Federal government. But even fewer know that they have a machine-gun toting police force as well.
Jerry Robinson Talks About the Consumption Trap on Financial Survival Radio
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There will be no FTMWeekly Radio show this week as Jerry will be out of the office this weekend. In lieu of our regular weekly program, enjoy this recent interview with Jerry Robinson on Financial Survival Radio.
Clinton in Talks About Possible Move to World Bank
Secretary of State Hillary Clinton has been in discussions with the White House about leaving her job next year to become head of the World Bank, sources familiar with the discussions said Thursday.
The tipping point is here: China is now the world’s biggest energy user
China surpassed the U.S. last year as the world’s largest energy consumer, according to an annual report by British oil giant BP.
End of QE2? Lack of Buyers May Force Treasury to Boost Rates
Editor’s Note: If you have been listening to our weekly radio show, hosted by Jerry Robinson, you know that Jerry expected headlines like this one to precede the end of the QE2. No amount of interest rate hikes will solve our crisis now. In fact, an increase in interest rates with housing and the financial markets in their current precarious state would act as a wrecking ball to the economy. We continue to expect the mainstream media to push the Fed’s story of the end of QE2 and imminent interest rate hikes in order to drive the markets downward. Once the markets dip enough, Americans will be ready for another round of quantitative easing from the Fed. And then the real fun begins…
The Decline and Fall of the American empire
The economic powerhouse of the 20th century emerged stronger from the Depression. But faced with cultural decay, structural weaknesses and reliance on finance, can the US do it again?
Report: Chronic unemployment worse than Great Depression
The unemployed have, on average, remained unemployed longer than in the 1930s; Employers wary of job gaps in resumes
Friday Reader Q&A: Which Foreign Currencies Should I Buy?
It’s Friday. And that means that its time for FTMDaily’s Reader Q&A. Each Friday, we reserve our daily column for our readers and their questions. Whether you have a question about your money, our Five Levels of Financial Freedom, the global economy, commodities, or retirement savings, we invite your questions.
The Fed Is Going To Make You Beg
It helps if you think of the Fed as a drug pusher. Pushers don’t “market” their drugs. Instead, they rely upon the addicts to come crawling back for more. The Fed doesn’t need to push QE3 on the public. This would only bring more attention to its true intentions. Instead, the Fed will let the public demand it.
Random Thoughts on the U.S. Economic “Recovery”
Stocks are getting hammered today after U.S. companies added fewer employees than forecast in May. Here are some of my random thoughts on the U.S. economic “recovery.”