Tuesday, July 26, 2011

Bankruptcy Threatens Our Municipalities

Central Falls, Rhode Island may face bankruptcy if police and firefighter retirees won't agree to give up 50% of their pension.  Unfortunately, this seems like a harbinger of things to come. 
Below are two articles about the sad state of Central Falls. 
 
 
 
 
 

Friday, July 22, 2011

Tuesday, July 19, 2011

Deflation and the Gold Price Trajectory

Bill Bonner, frequent contributor to the Daily Reckoning website, predicts gold is going to go much, much higher, but not before a brief deflationary period. Also, Mr. Bonner cites an article from the NYT which concerns another crisis we'll confront when funding runs out for jobless benefits, etc.     
 

Thursday, July 14, 2011

Ron Paul to Ben Bernanke: Is Gold Money?

Yesterday, an awkward moment between Ron Paul and Ben Bernanke occurred as Paul asked Bernanke a blunt and direct question:  Is gold money?  Below is an article from the New York Sun recapping this exchange. Also included is a video clip.
 

Wednesday, July 13, 2011

Gold Rises to a New Lifetime High

Amid concerns of the threat of additional quantitative easing, the downgrade of Irish debt, and the continual loose monetary policy, gold has reached an all time high.  At this moment, on July 13th, gold has climbed to a new record of $1586.00 per ounce.
 
Yesterday, Trader Dan Norcini wrote that gold had indeed broken out and was poised to take on its all time high. 
 

Thursday, July 7, 2011

How To Deal With a Flash Mob

As I'm about to embark on another trip to the United Kingdom soon, I've been warned to look out for rioting and mobs in London.  Although there have already been many protests there that have turned violent, they've seemed to happen between my trips over there. Yes, so far I've been fortunate.  However, I'm always vigilant, but as the economic climate continues to become more grim, it's best to be prepared for any eventuality.  Austerity measures and budget cuts continue to remain unpopular within many European countries, and these general feelings of discontent and unrest can quickly escalate into violence and mobs running out of control.  Furthermore, social networks make it easier for people to organize themselves quickly into a rabble intent on destruction and hostility.  
 
Not only have there been riots in Greece, England, and Egypt, but there is more and more evidence of this happening here in the United States.  Recently, alarming mob activity has happened in Peoria, Illinois, and Philadelphia.  Fernando Ferfal Aguirre, who authored a book called Surviving the Economic Collapse, addresses these events on his blog in the link provided below.  Mr. Aguirre, who lived through the economic collapse in Argentina, provides some very helpful tips on how to protect yourself against a flash mob.  This is well-worth reading, especially for those who live in or travel to major metropolis areas.
 
Jena Eison 
 

Wednesday, July 6, 2011

Global Train Wreck Coming

At a recent conference in Melbourne, Australia,the Reserve Bank Director warns of a "slow motion train wreck" in the global economy.  http://www.smh.com.au/business/global-train-wreck-coming-20110630-1gszi.html