Things categorized as 'Money & Finance'
Bev's Holsters
The World Has No Money; The Emperor Has No Clothes
• Every once in a while, a representative of the MSM actually let's the truth slip out.
“This time is different”
• The forgotten lessons of 2008 The four most dangerous words in investing are, “This time is different.” In this spirit, we highlight the lessons that ...
There is No Housing Bubble in Canada
• The original Crack Shack or Mansion game. The game features real Vancouver real estate listings, as of April 10th, 2010. Can you tell the difference between a crack shack and ...
I Have a Plan!
• Dr. Strangelove: Sir! I have a plan! [standing up from his wheelchair] Dr. Strangelove: Mein Führer! I can walk! [discussing the Doomsday machine] President Merkin Muffley: How is it possible for ...
Argentina seizes pension funds to pay debts. Who’s next?
% Here is a warning to us all. The Argentine state is taking control of the country’s privately-managed pension funds in a drastic move to raise cash. It is a ...
What’s the Difference between a Million, Billion, and a Trillion?
• See if you can wrap your head around this: One Million seconds equals about 12 days. One Billion seconds equals about 31 years. One Trillion seconds equals about 31,000 years.
CNBC’s Disingenuous View of Commodities
• CNBC: "You see sir, I am a huge fan of yours, but I have a real difficulty here that I'd like you to help me out with. If I'm ...
National Vehicle History Database Goes Live
• With the amount flood damaged and ex-wrecked and ex-junked cars and trucks out there in the market, this is a good thing: A national database that allows consumers to view ...Washington is Wall Street. Wall Street is Washington.
• It's amazing how Washington D.C. gives the chosen few on Wall Street unlimited funds - paid by the American Taxpayer. Where is the change?
Does It Take A Panel of Financial Experts?
• CNBC reports that a panel of experts have stated that: "The United States must soon raise taxes or cut government spending to curb its debt, and failure to act will risk ...
Got a 401K? Guess Who Is Going to Bail out the Treasury Market
• From Businessweek: The U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and Individual ...
A Bolivar of Broken Dreams
3 Hugo Chavez rolls up his pants, takes off his shoes, and runs helter skelter into the surf of failure. In case you haven't heard, Chavez has devalued the Venezuelan Bolivar by ...America Rising: An Open Letter to Democrat Politicians
• Video author's note: "We elected you on a promise of hope and change. We regret it. In 2010, we are taking the country back. Blue collar democrats, independents, and conservatives. ...
Here We Go Again – Unexpectedly, unexpectedly
• You may recall my previous post on how I was getting so sick and tired of our Mainstream Media and our White House Leadership feigning “surprise” over and over ...Listening to CNBC Can Be Hazardous to your Financial Health
• CNBC was "Bubbly bubbly!" during the top of the bubble in 2007. And, if you recall, they were Wall Street apologists in 2008 when warning signs were everywhere. Their broadcasts ...
North Dakota Banking System: Follow Success
• Didn't Mom always tell you to watch what successful people do? Didn't Dad always tell you to observe how successful companies operated? When it comes to success in banking and success ...
SEC and Obama Administration Preparing for Next Financial Disaster?
• ZeroHedge wrote up: This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied Jesse's Cafe Americain went on to analyze: "A key proposal in the overhaul ...
Your Government as Financier
• Taxpayer losses from supporting Fannie Mae and Freddie Mac will top $400 billion, according to Peter Wallison, a former general counsel at the Treasury who is now a fellow at ...Move Your Money
• Find community banks in your neighborhood now. Move your money to your local bank!
United Nations World Currency Coin
% Written by Dwight Jones: The announcement by the United Nations this week that it will license the minting of silver and gold bullion coins bearing the UN logo may be ...You Think Wall Street is Rough?
% Remember the story of Hermitage Capital? You know, the hedge fund that had its whole operations seized and shut down by the federal government? The same company that was looted ...
You, Me, and Grandparents Bailing Out the Banks
% PIMCO's Bill Gross notes in a New York Times article that that the Fed's ongoing Wall Street bailout is coming at a cost: Anyone who has any cash savings is ...Engineer Capitalism
• True wealth doesn't come from shuffling paper. (That means you Wall Street.) Real wealth comes from people building real things.John Reutemann, CIO of Financial Strategies, Shares His 2010 Market Strategy…
• Can you tell if CNBC has a bias FOR or AGAINST John's views? :-)Detroit Sucks! But why?
% I agree with this filmmaker - BUT - he's only explaining part of the story. Let's not forget (as I've written about before) the devastating effect that "free trade" (via ...Morgan Stanley: Bonds headed to 5.5% Mortage rates to 8%
% If Morgan Stanley is right, the best sale of U.S. Treasuries for 2010 may be the short sale. Yields on benchmark 10-year notes will climb about 40 percent to 5.5 percent, ...
Shadow Inventory of Homes Ready to Hit Market
% It seems that a supply of 1.7 million foreclosed homes are headed for sale at a neighborhood near you. Why are all of these bank owned homes off the market? Current moratoriums ...
The Coming Shortage of Metals?
• There's been a a lot of discussion lately about so-called peak gold. But as gold's fans will tell you gold isn't a commodity, it's a form of money. Gold isn't actually ...Buy and Support American Products
2 I don't shop at Wal-Mart anymore. I just can't bring myself to do it. Everything about the store gives me the creeps. The smell, the parking lot full of oil ...
China Sends U.S. Treasuries a Christmas Note
• Shanghai Daily reported today that it is getting harder for governments to buy United States Treasuries because the US's shrinking current-account gap is reducing supply of dollars overseas. Extra Christmas ...Safe Deposit Boxes Aren’t So Safe
• Greg McCoach of the Mining Speculator explains what to buy when it comes to gold and silver. He also discusses the folly of keeping your gold and silver ...