September 26, 2011
in Federal Reserve, Greece, September, banks, central banks, commodities, debt, economy, europe, foreign investment, gold, international economy, market reports, metals, news and updates, precious metals, sovereign debt
Over the past 24 hours, the price of gold has plunged as much as $104/ounce, or 10%, ahead of what looks to be an imminent Greek debt default. In fact, the past three days have seen the largest consecutive drop in gold prices in 28 years! The question is why, you might ask. Debt problems [...]
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With the U.S. debt ceiling becoming an ongoing economic issue for American politics, you may be confused about some of the terms you hear and read in the news – or worse, maybe you don’t even question them and you talk about “debt” and “deficits” interchangeably.
Taxes and spending sound equally bad too, but there are [...]
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May 4, 2011
in Timothy Geithner, US Treasury, US debt, USD, central banks, debt, financing, forecasts, money management, money supply, sovereign debt, special dates
The U.S. Treasury still expects it will hit its debt ceiling limit on May 16. This week, Congress continues to debate the terms of any potential increase in the debt ceiling, while Geithner has taken action to initiate emergency measures by Friday in order to maintain current government spending levels below the debt ceiling.
These emergency [...]
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May 3, 2011
in Federal Reserve, US Treasury, USD, currencies, exchange rates, forex, inflation, international economy, market reports, market trends, sovereign debt, technical analysis, world reserve currency
The US Dollar has sunk to 2.5 year lows. This is a significant time frame, as currently, Brent oil futures are also at 2.5 year highs. Outdoing both of these, gold is at all-time nominal highs, having closed April 2011 at $1563/oz.
Bernanke keeps saying that a strong dollar is in the U.S.’ best interests, and [...]
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February 2, 2011 · 3 comments
in G20, bailout, banks, bubble, capitalism, central banks, debt, deficits, economy, forecasts, future, government, indicators, international economy, market reports, money supply, preparedness, risk, sovereign debt, stimulus, wealth protection, world order
The DOW is back above 12,000 for the first time since June 2008 – kind of weird to imagine, isn’t it? Does all feel right again in the world? Back in June 2008 the markets buzzing full of bullish energy. The U.S. housing sector tore it all apart, and the Ben Bernank huffed and puffed [...]
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January 18, 2011 · 8 comments
in FOMC, Federal Reserve, Niall Ferguson, QE, US Treasury, US debt, US economy, USD, bubble, capitalism, collapse, currencies, debt, deficits, emergencies, forecasts, future, indicators, inflation, infrastructure, risk, sovereign debt, spending, theories, world order, world reserve currency
So, like many people, maybe you’re sick of the so-called “doom and gloom” crowd – that’s too bad. Because reality doesn’t depend on fashion and it isn’t going to wait for you to agree with it before basic cause and effect takes hold and serves you up a dish you don’t like.
Niall Ferguson is different [...]
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January 17, 2011
in 2011, China, FOMC, Federal Reserve, US Treasury, US debt, US economy, credit, debt, foreign investment, government, indicators, inflation, market reports, money supply, news and updates, sovereign debt, world order, world reserve currency
This spring of 2011, United States Congress will vote on whether or not to raise the debt ceiling. What is the US debt ceiling? The debt ceiling refers to the total cap on U.S. borrowing through Treasury issuances of debt, in the form of bonds, to domestic and foreign holders.
If you think the U.S. is [...]
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