Monthly Archives: July 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 … Continue reading

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Gold Is Still Moving Right Along

Despite the fact that summertime is usually a weak time for gold, it shows no evidence of slowing down.    http://www.guildinvestment.com/2011/07/21/more-fuel-for-the-gold-rush-of-2011/

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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 … Continue reading

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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.   http://www.nysun.com/editorials/when-gold-isnt-money/87421/ 

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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 … Continue reading

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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 … Continue reading

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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

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