Despite the fact that nearly all of the macroeconomic trends I have predicted since 2006 on my blog, the Underground Investor, have come true, the percent of people that disagree with my predictions for 2010 and 2011 still outnumber those…
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A yet to be verified story from Rough & Polished, a Moscow based website, reported that China had “confirmed its decision to acquire 191.3 tons of gold auctioned by the International Monetary Fund.” Of course, until official confirmation comes from…
The recently announced IMF sale of 191.3 tonnes of their gold reserves, though it caused an immediate sharp knee-jerk reaction in gold futures markets, will have a negligible effect on the long-term price of gold. Here’s why. In December, 2009…
There is an inextricable link between our academic system and the failure of citizens worldwide to understand the dire negative financial consequences of the coming second phase of the global monetary crisis. To help you understand the huge gap of…
Perhaps if the Bank of England, the US Treasury and the US Federal Reserve had not been surreptitiously suppressing the price of gold futures through their puppet bullion banks on Wall Street for decades, I would agree with George Soros…
Today, our financial system is so broken that casinos have much more integrity in their business dealings than do our banks. Casinos Actually Have More Cash on Hand The largest casinos in Vegas and Macau have much more cash on…
In his first State of the Union speech in 2010, President Barack Obama carefully chose his words in calling for a new jobs bill to stimulate real organic economic growth. Historically, politicians have garnered widespread public support for bills that…
John Maynard Keynes once stated that the markets can stay irrational longer than investors can stay solvent. While this statement has proven to be true, it is really not aboveboard. What Keynes didn’t want to disclose to the public is…
2009 was an incredibly interesting year both politically and financially, as both arenas are inextricably intertwined, though on the surface, the leaders from these respective industries often bicker and admonish one another for public show, while smiling and shaking hands…
It is indisputable that: (1) History has much to teach us; and that (2) We ignore historical evidence that is useful in predicting the future far too often, even though history has demonstrated time and time again that it repeats…