Author: Followthemoney.com

June 15, 2010 Author: Followthemoney.com

U.S. Identifies Vast Riches of Minerals in Afghanistan

The United States has discovered nearly $1 trillion in untapped mineral deposits in Afghanistan, far beyond any previously known reserves and enough to fundamentally alter the Afghan economy and perhaps the Afghan war itself, according to senior American government officials.

June 14, 2010 Author: Followthemoney.com

Martin Weiss: Glimpses of the End Game

Anyone not blinded by greed can plainly see the sick cycle we’re in: First, the government helps create a great asset bubble. Next, the government-created bubble bursts under a dark cloud of hardship for millions of Americans, and …

Author: Followthemoney.com

Fannie-Freddie Fix at $160 Billion With $1 Trillion Worst Case

Fannie and Freddie, now 80 percent owned by U.S. taxpayers, already have drawn $145 billion from an unlimited line of government credit granted to ensure that home buyers can get loans while the private housing-finance industry is moribund.

Author: Followthemoney.com

Obama Requests Another $50 Billion in State and Local Aid

Concern over the nation’s mounting debt could snarl the passage of President Barack Obama’s proposal to provide more aid to state and local governments hit by the economic downturn.

June 12, 2010 Author: Followthemoney.com

FTMWeekly Financial Radio Show: Is It Time to Buy the Euro?

Time to Buy the Euro? On this week’s program, Jerry Robinson provides his insights concerning the U.S. National Debt, the price of gold, along with an in-depth look at the other important headlines of the week. Our special guest interview is with Tim W. Wood, CPA (Cycles News and Views newsletter). Mr. Wood discusses his […]

June 11, 2010 Author: Followthemoney.com

Jim Rogers: Now May Be the Time to Buy the Euro

Everybody is so bearish about the euro that it looks like now is a good time to buy the single European currency, famous investor Jim Rogers told CNBC Thursday.

Author: Followthemoney.com

As Gold Hits Record, Central Banks in Focus

Gold’s surge to a record sparked speculation that central banks may be stepping up purchases of the precious metal. Tuesday, gold contracts for June delivery rose $4.70, or 0.4%, to $1,244 a troy ounce, a record settlement price on the Comex division of the New York Mercantile Exchange.

Author: Followthemoney.com

George Soros: ‘We Have Just Entered Act II’ of Financial Crisis

“The collapse of the financial system as we know it is real, and the crisis is far from over,” Soros said today at a conference in Vienna. “Indeed, we have just entered Act II of the drama.”

June 10, 2010 Author: Followthemoney.com

UBS Forecasts: Gold, the ‘ultimate currency,’ to hit $1,500

AG said today in a report that projects prices will hit $1,500 (U.S.) an ounce in the next 12 months and says anything below $1,200 represents a buying opportunity.

Author: Followthemoney.com

Home repossessions hit record high in May

U.S. foreclosure activity fell in April as lenders repossessed homes at a record pace but started far fewer new actions against struggling homeowners, signaling a plateau in loan failures, RealtyTrac said on Thursday.

June 9, 2010 Author: Followthemoney.com

Ten Benefits of Expatriation

The following is an excerpt from the free 29-page American Expatriation Guide, written by a former U.S. citizen who wants to remain anonymous. Read what he has to say – from a “been there, done that” perspective – and maybe take your own first steps to move to greener pastures. Everybody has their own personal […]

Author: Followthemoney.com

IMF: Risks to global economy have ‘risen significantly’

The risks to a robust global recovery have ‘risen significantly’ as many governments struggle with debt, a leading official from the International Monetary Fund has warned.

Author: Followthemoney.com

OPEC: 2010 demand picture uncertain

OPEC on Wednesday slightly revised up its forecast for world economic growth but left 2010 oil demand largely unchanged as Europe’s debt crisis, an oversupply of crude in the market and a potential cooling in China’s growth pointed to “economic signs that are not rosy.”

June 8, 2010 Author: Followthemoney.com

U.S debt to rise to $19.6 trillion by 2015

The U.S. debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015, according to a Treasury Department report to Congress.

Author: Followthemoney.com

Laffer: Tax Hikes and the 2011 Economic Collapse

People can change the volume, the location and the composition of their income, and they can do so in response to changes in government policies.

Author: Followthemoney.com

Gold price hits new record as it breaks through $1,250

The price of gold rose to an all-time high point above $1,250 an ounce on Tuesday, as investors nervous about the weak state of the global economy sought safety in the precious metal.

Author: Followthemoney.com

DOW JONES Slides To 7 Month Low; GOLD Reaches $1250/oz

Stocks fell on Monday in a late-day selloff that took the Dow Jones Industrial Average below its lows of the May 6 “flash crash.”
The Dow ended down 115.48 points, or 1.2%, at a seven-month low of 9816.49 and below 9869.62, its low-point of the May 6 slide. That day, buyers rushed into the market at that level, helping pare a 1,000-point drop to a decline of 347.80 points.

June 7, 2010 Author: Followthemoney.com

Top Central Banks Not Planning Shift Out of Euro

Some of the world’s richest central banks will not stop investing in the euro, supporting its reserve status, despite the sovereign debt crisis hammering the euro zone’s currency, government sources said.

Author: Followthemoney.com

Bilderberg 2010: Final List of Participants

Here’s the list of attendees at the 2010 Bilderberg meetings.

June 6, 2010 Author: Followthemoney.com

“The Retirement Time Bomb” Overcoming 7 Financial Land Mines That Can Destroy Your Retirement

Description: In this informative webinar, you will learn: An overview of the ideal financial plan as we head into the future. A Biblical worldview on the future of investing. An unusual prediction on where the financial markets may be heading based upon Bible prophecy. How to set financial goals in difficult economic times like these. […]

June 5, 2010 Author: Followthemoney.com

(VIDEO) Man who exposed Bilderberg reveals conspiracy secrets to EU

Secretive and elite – the Bilderberg group, which unites some of the World’s most powerful people, has been meeting behind closed doors for decades

Author: Followthemoney.com

The PIIGS Are Getting Hungary

On this week’s program, Jerry Robinson gives his insights concerning the widening European Debt Crisis, the BP Oil Spill, along with an in-depth look at the other most important headlines of the week. Our special guest interview is with Paul Nolte, CFA (Dearborn Partners, Managing Director). Mr. Nolte provides his market outlook for equities for the next several months.

June 4, 2010 Author: Followthemoney.com

Government Jobs Account for 95% of May Job Increases

American companies hired fewer workers in May than forecast and workers dropped out of the labor force, indicating government support is still needed to spur economic growth. Private payrolls rose by 41,000, Labor Department figures showed today, trailing the 180,000 gain forecast by economists. Including government workers, employment rose by 431,000, boosted by a jump in hiring of temporary census workers. The jobless rate fell to 9.7 percent from 9.9 percent.

June 3, 2010 Author: Followthemoney.com

U.S. National Debt Tops $13 Trillion Mark

The federal government is now $13 trillion in the red, the Treasury Department reported Wednesday, marking the first time the government has sunk that far into debt and putting a sharp point on the spending debate on Capitol Hill.

Author: Followthemoney.com

Feds halt new oil drilling in Gulf

The Obama administration is blocking all new offshore drilling in the Gulf of Mexico, a day after regulators approved a new permit for drilling in shallow water.

Author: Followthemoney.com

Fed’s Hoenig lays out plan to hike interest rates

Thomas Hoenig, the president of the Kansas City Federal Reserve bank, laid out on Thursday his proposed plan to take short-term interest rates from near-zero to 4.5%. In a speech in Bartlesville, Okla., Hoenig said the country pays a high cost for low interest rates, suggesting that the financial crisis stemmed from the very low interest rates of 2002-2005.

Author: Followthemoney.com

Goldman Sachs sold $250 million of BP stock before spill

The brokerage firm that’s faced the most scrutiny from regulators in the past year over the shorting of mortgage related securities seems to have had good timing when it came to something else: the stock of British oil giant BP.

According to regulatory filings, RawStory.com has found that Goldman Sachs sold 4,680,822 shares of BP in the first quarter of 2010. Goldman’s sales were the largest of any firm during that time. Goldman would have pocketed slightly more than $266 million if their holdings were sold at the average price of BP’s stock during the quarter.

April 15, 2010 Author: Followthemoney.com

FTMQuarterly Newsletter – Spring 2010 Issue (PDF)

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