Rarely Seen Pictures Of The Devastating Consequences Of The BP Disaster
NASA Photograph of the OIL SPILL, taken 3 weeks after it began.
Competing currency being accepted across Mid-Michigan
Right now, you can buy a meal or visit a chiropractor without using actual U.S. legal tender. They sound like real money and look like real money. But you can’t take them to the bank because they’re not made at a government mint. They’re made at private mints.
New Financial Regulation Passes, Gives Fed More Power
After fending off most challenges to its independence and winning new powers to oversee big financial firms, the Federal Reserve has emerged from a bruising debate on the overhaul of U.S. financial rules as perhaps the pre-eminent regulator in the sector. But that could only bring it added blame if things go wrong again.
FTMQuarterly Newsletter – Summer 2010 Issue (PDF)
This is a protected post. Learn more about becoming an FTM Insider.
The new gold diggers
When gold nuggets were found in the foothills of California in 1849, a frenzy of prospecting ensued. Now, thanks to the ‘Great Recession’, it’s happening all over again.
Congress to raise retirement age?
In a rare departure from this year’s intense political posturing over the soaring budget deficit, House leaders of both parties recently signaled that they are prepared to tackle a leading long-term liability — Social Security —by raising the retirement age.
Trade Deficit Gets Even Worse
In May, the trade deficit expanded to $42.27 billion from $40.32 billion in April. Relative to a year ago, the trade deficit is up 70.0%, but May of a year ago marked the low point in the trade deficit after world trade collapsed following the 2008 financial meltdown. The May trade deficit was also significantly worse than the $39.5 billion that was expected.
Venezuela oil ‘may double Saudi Arabia’
A new US assessment of Venezuela’s oil reserves could give the country double the supplies of Saudi Arabia.
Obama faces growing credibility crisis
The Obama presidency”Barack Obama’s chief spokesman, got into hot water this week for daring to speak the truth – that the Democrats could lose control of the House of Representatives in November. But it could be even worse than that.
(VIDEO) – THE ECONOMIC HITMEN
[youtube=http://www.youtube.com/watch?v=37Dvt2EqXF4&feature=player_embedded]
The 50 most unbelievable facts about the U.S. economy
As we close on another week replete with ugly economic data and the usual bizarro counterintuitive market, here is a summary of the 50 most underreported facts about the state of the US economy, courtesy of the Coto report.
Download the Free Emergency Stockpile List
On this week’s radio show, I discussed the importance of having a emergency stockpile of food and water in addition to having a financial reserve. Click the following link to download an Emergency Stockpile List.
Merrill Lynch: The 3 big reasons gold and silver will soar
Merrill Lynch metals analysts maintain gold will hit a US$1,500 per ounce target by the end of next year as investor demand pushes gold prices higher.
Top 20 Global Banks by Market Capitalization: The Decline of American Banks
Here are the top 20 Global Banks by Market Capitalization
Chinese airport closed after fiery UFO is spotted flying over city
A Chinese airport was closed after a mysterious object was spotted in the sky.
Richard Russell: Everything you need to know about gold in three sentences
…As I’ve said a thousand times, Fed Chief Bernanke will absolutely not accept deflation… Shrewd gold-accumulators are well aware of [this]. As the deflationary and deleveraging forces press on the US economy, the Bernanke Fed is ready to devalue the US dollar in its (“whatever it takes”) battle to hold back deflation.
IRS to begin tracking gold and silver coin purchases in 2012
A blizzard of paperwork could be about to hit numismatics.
Shared sacrifice will be the new economic order
The laser-like focus on the global financial crisis means investors are back in contingency planning mode while the tools to fend off fiscal Armageddon are again being sharpened by governments and policy makers around the world. But, at times like these, it is important to understand where the real economic power resides, and that is with the people on Main Street.
Ben Bernanke Has Created Half of All the US Dollars in Existence – in Four Years!
“The U.S. turned 234 years old yesterday, and yet over half of the nation’s money supply was created since Helicopter Ben took over the flight controls four years ago. No wonder gold is in a full fledged bull market . . .”
Federal Reserve Surprise! "We may have to print more money" to spur "recovery"
The Fed is now threatening to pull out the big guns.
Six Months to Go Until The Largest Tax Hikes in History
In just six months, the largest tax hikes in the history of America will take effect.
UN report: Abandon the U.S. dollar
The dollar has proved not to be a stable store of value, which is a requisite for a stable reserve currency.
Secretive and Powerful BIS Annual Report Released
The very fabric and the seams of the financial system are coming apart. Who knows what the timetable is for the implosion of the current monetary system? We are witnessing the greatest wealth transfer in history, and the horrors of the aftermath of this tragedy will not be forgotten for decades.
US state budget crises threaten social fabric
The small southern California city of Maywood has hit on a unique solution to its budget crisis.
Merrill Lynch: Gold Will Hit $1,400/oz by 2012
Merrill Lynch metals analysts maintain gold will hit a US$1,500 per ounce target by the end of next year as investor demand pushes gold prices higher.
Asian millionaires overtake Europeans
The net wealth of Asian millionaires has eclipsed that of rich Europeans for the first time.
Is U.S. Now On Slippery Slope To Tyranny? – Thomas Sowell
A democracy needs informed citizens if it is to thrive, or ultimately even survive.
China to Overtake U.S. as World’s Top Manufacturer
The US is about to end a 110-year run as the number one country in factory production.
Another Record High for Gold: $1265/oz
Gold, up 15% this year, is heading for its 10th consecutive annual gain, the longest winning streak since at least 1920.
Seven Big Mistakes People Make When Hiring a Financial Advisor
Here’s how to choose the right steward of your money.
Gold to Jump to Record $1,300 as Investors Shun Euro
Gold may climb to a record $1,300 an ounce this year as investment demand shifts from the euro and the dollar.
Russia to Buy Canadian, Aussie Dollars for First Time
Russia may add the Australian and Canadian dollars to its international reserves for the first time after fluctuations in the U.S. dollar and euro.
Gates, Buffet on mission to get billionaries to give half their wealth
Bill Gates, Melinda Gates, and Warren Buffett are asking the nation’s billionaires to pledge to give at least half their net worth to charity
U.S. Identifies Vast Riches of Minerals in Afghanistan
The United States has discovered nearly $1 trillion in untapped mineral deposits in Afghanistan.
VIDEO: World Collapse Explained in 3 Minutes
The European sovereign debt crisis is an ongoing financial crisis…
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.
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.
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.
10 Benefits of Expatriation
Everybody has their own personal reasons for expatriating, but here are some of the benefits.
Two More Reasons Why America’s Economic Recovery Is Not As It Seems
The mainstream financial commentators still don’t get it.
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.
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.
U.S.’s $13 Trillion Debt Poised to Overtake GDP
By Garfield Reynolds and Wes Goodman June 4 (Bloomberg) — President Barack Obama is poised to increase the U.S. debt to a level that exceeds the value of the nation’s annual economic output, a step toward what Bill Gross called a “debt super cycle.” The CHART OF THE DAY tracks U.S. gross domestic product and […]
FTMQuarterly Newsletter – Spring 2010 Issue (PDF)
This is a protected post. Learn more about becoming an FTM Insider.