4.30.12--Gold's Store of Value No Illusion
Gold prices held near $1,665/oz. Monday, virtually unchanged for the month, stocks slip on data, Spain recession news. Gold last traded at $1,664 an ounce, silver last traded at $31.03 an ounce.
GOLD AMERICANS' TOP LONG-TERM INVESTMENT - Gallup
A recent Gallup poll reveals that gold leads four other types of investments in Americans' perceptions of which type of investment is the best long-term investments. Gold leads with 28%, followed by real estate at 20%, stocks and savings/CDs at 19% and bonds at 8%.
OBAMA'S GRAND ECONOMIC ILLUSION - Lowell Ponte
"President Barack Obama's problem is that the economy is very bad right now. If this election becomes a referendum on his failed economic policies, Mr. Obama is toast . . . hence all his distractions to bamboozle voters."
"Meanwhile, the Obama campaign's behind-the-scenes propaganda effort is to massage government data and media coverage to create an illusion that the economy is improving. Thanks to President Obama, "Osama bin Laden is dead, and General Motors is alive," said Vice President Joe Biden days ago, a slogan we will hear 10,000 times before Election Day."
WE ARE IN AGE OF ‘LATE GREAT DEPRESSION’: SHILLER - CNBC
The world is in a state of “late Great Depression,” well-known economist and author Robert Shiller told CNBC Monday. “Our whole economy has been affected by variations in confidence. “Fifty years ago, there wasn’t this talk of housing as an investment. It was a zeitgeist of the early 2000s, and it has gradually gone,” he said.
TECH BUBBLE TWO? WITH NO REVENUE, AN ILLUSION OF VALUE - NYTimes
"The gears of Silicon Valley continue to mesh and turn because of money, not necessarily technological innovations. So why does the lunacy of building companies with no revenue or business model work? Jeffrey Pfeffer, a professor at Stanford’s Graduate School of Business, used that dirty word that investors scoff at: bubble.
"Professor Pfeffer said that through 'the hideous recession' that America has suffered in the last several years, the Valley has applied increasingly incoherent valuations to companies. 'This is 1999 all over again, but this time, it’s gotten worse,' he said, referring to the last technology bubble to burst. 'We’re back to companies throwing around funny money. The economic values don’t add up.'"
GLOBAL DISRUPTION OF STATUS QUO MAY 1? -Bloomberg
"Occupy Wall Street demonstrators, whose anti-greed message spread worldwide during an eight-week encampment in Lower Manhattan last year, plan marches across the globe tomorrow calling attention to what they say are abuses of power and wealth. “We call upon people to refrain from shopping, walk out of class, take the day off of work and other creative forms of resistance disrupting the status quo,” organizers said in an April 26 e-mail."
More: Swiss America Gold Market News
4.27.12--Gold Shines Amid Growing Bullishness
Gold prices rose Friday on safe haven buying and a weaker dollar following news of U.S. GDP falling to 2.2% in Q1. Gold last traded at $1,662 an ounce, silver last traded at $31.27 an ounce.
GOLD SHINES AS DOLLAR STUMBLES MSNMoney
As the US dollar continues to drop, investors are flocking to precious metals for their safe haven investments. With expectations growing that their will be more continued currency debasement from the Fed, even more investors are looking towards precious metals in an effort to protect their assets.
GOLD TRADERS GET MORE BULLISH AS CENTRAL BANKS BUY - BusinessWeek
Gold traders are becoming more bullish after central banks continue to expand their bullion reserves. On April 25th, Fed Chairman Ben Bernanke announced that he will be prepared to "do more" if needed in an attempt to spur growth within the economy.
WORLD MAY GO DOWN IN FLAMES -KingWorldNews
"Multi-billionaire Hugo Salinas Price told King World News a complete catastrophe is unfolding in Europe and urged people to hold gold and silver because they will be the last things standing."
According to Mr. Price, "I think that unless we see legislation, somewhere, that is rational and recognizes that gold and silver are really different forms of money, and that this whole scheme of paper is unworkable, then the world is going to go down in flames. The only thing that would last will be people’s savings of gold and silver.”
"I think the first thing to do would be to insert silver coins into the monetary system. That would be a healthy thing to do. I was very happy to see Ron Paul pull out a silver coin. To me it’s like he was facing the vampire Ben Bernanke with a silver coin, instead of a silver bullet."
PAPER MONEY: THE BARBAROUS RELIC - ETFDailyNews
"Gold is a barbarous relic. Like most of the Big Lies from the media propaganda machine, our governments have made sure that most of us have heard this one enough times to have it burned into our psyches.
"As with most of these Big Lies, this too is a blatant perversion of the truth. It will come as no surprise to gold-bugs and that dwindling minority who advocate sound monetary policies that the reference to gold as a 'barbarous relic' was made by the one-and-only John Maynard Keynes. It was from Monetary Reform, a book Keynes published in 1924 – and it was a reference not to gold itself – but to the gold standard."
"During the Federal Reserve’s Century of Money-Printing (when it was assigned the role of 'protecting' the dollar) the U.S. dollar has lost roughly 98% of its purchasing power. In just the 40 years since Nixon assassinated the last vestige of the gold standard in 1971 the U.S dollar has lost close to 80% of its purchasing power."
"It is said that 'actions speak louder than words'. When the central bankers were shrieking the loudest that 'gold was a barbarous relic' they were selling 500 tons of gold per year. Now they are buying 440 tons per year (and the buying continues to accelerate). What does it tell us about the bankers’ paper money? Nothing that many of us didn’t already know."
SLOWING GROWTH RAISES FEARS OF STALL -WSJ
Economic growth slowed in the first three months of the year, adding to fears that the uneven recovery is hitting yet another soft patch.Gross domestic product, the broadest measure of all the goods and services produced in an economy, grew at an inflation-adjusted annual rate of 2.2% in the first quarter of 2012, the Commerce Department said Friday, down from the 3% growth in Q4.
RISKY INVESTMENTS IN A MARKET FULL OF CONMEN - Bill Bonner, Daily Reckoning
"Yes, it is fun to watch a good flimflam artist at work. And those managing the US financial system are among the best....So it is that we look on the Fed, the Treasury, and their Wall Street accomplices with admiration. They have flimflammed the entire nation... Almost 100 million households in America...and not one in 1,000 has any idea what is really going on."
"Negative interest rates create bubbles. The Fed is now inflating its third major bubble in the last 15 years. This time, in US Treasury bonds. When it blows up, a good portion of the savings of American households — locked in pensions, mutual funds and insurance programs - gets blown to smithereens."
More: Swiss America Gold Market News
4.26.12--The Great Correction vs. The Great Reflation
Gold prices jumped above $1,650/oz. Thursday on bargain hunting and a weaker dollar following jobs data, stocks see the bright side. Gold last traded at $1,656 an ounce, silver last traded at $31.03 an ounce
OVER THEIR DEAD BODIES - Bill Bonner, Daily Reckoning
"Change is a natural thing. So is the desire to prevent it. And what we’re seeing now is a natural struggle between the Great Correction — which wants to eliminate debt…and the Great Blundering Reflation — in which the feds desperately try to add to the world’s debt supply.
"Why are the feds so keen to add debt? They’re not really. What they want to do to is to prevent change. And the only things they’ve got to work with are brute force... counterfeit money... and debt.
"But even the USA is scheduled to enter a phase of European-style austerity. Beginning next on Jan. 1st, a combination of tax hikes and spending cuts should grip America and force it into something the newspapers are calling “Taxmaggedon.”
"What will happen if “taxmaggedon” comes as scheduled? Experts say GDP will fall by 3%. Hey, that would put it in negative territory.
"And the recovery? Over. Finito. Kaput. And unemployment? Up. House prices? Down.
"But wait…will the feds allow such a thing?
"No, probably not. They will try to block it. Congress will kick the can again. Tax rates will rise...but not as much as they are supposed to rise. Spending will be trimmed...around the edges... but not seriously.
"And then — when the economy and stock market take another dive, as they did in August of 2010 and again in September of 2011 — the Fed will announce another program of QE.
"If there is any real change — a real Great Correction, in other words — it will be over their dead bodies.
GOV'T FAVORABILITY AT 15-YEAR LOW -Politico
Today, just one in three has a favorable view of the federal government — the lowest level in 15 years, according to a Pew survey. Only 33 percent of Americans are satisfied with the federal government, half as many as just a decade ago.
SPAIN'S CREDIT RATING IS CUT FOR SECOND TIME -CNBC
Spain's credit rating was cut for the second time this year by Standard & Poor's, which cited a "deterioration" in the country's budget deficit trajectory. Spain's long-term debt was cut to Triple-B plus from A, its short-term rating was lowered to A-2 from A-1.
More: Swiss America Gold Market News
4.25.12--Fed Risks Over-Stimulation, Inflation
Gold prices traded in a tight range on Wednesday following Fed statement, stocks cheer Apple earnings. Gold last traded at $1,644 an ounce, silver last traded at $30.72 an ounce.
BLOGGING BERNANKE’S PRESS CONFERENCE - MarketWatch
-"The first rate hikes are not likely until 2014." Nothing new.
-"Fed puts savers in a squeeze," says Greg McBride of Bankrate.com
-"Bernanke faces criticism that the Fed has done too much.
-"Seeking a higher inflation rate would be 'reckless' in the
view of the Fed...It's premature to declare victory," says Bernanke.
NEW VIDEO: "If I wanted America to fail..." - By FreeMarketAmerica - "The environmental agenda has been infected by extremism - it's become an economic suicide pact."
ENDING ‘DON’T ASK, DON’T TELL’ AT THE FED - NYSun
"The big message from the meeting Friday of the Shadow Open Market Committee is that Congress is wising up to the Federal Reserve. This is implicit in the legislation that was the centerpiece of discussion at the meeting of Fed watchers. The measure, the Sound Dollar Act, was introduced in March by a Republican congressman from Texas, Kevin Brady, and a companion bill in the Senate was introduced by one of the leading advocates for honest money, Senator Lee of Utah."
"The Sound Dollar Act is one of those measures whose importance is greater than the sum of its parts. One participant at Friday’s meeting, Marvin Goodfriend of Carnegie Mellon University, likened the measure to ending “Don’t Ask, Don’t Tell.” It is a signal that, as the Federal Reserve gets ready to mark its 100th anniversary, the legislature that created the central bank is not satisfied with its performance. The Fed was originally launched to end panics only to see a raft of them during its tenure, including a Great Depression in the 1930s and the Great Recession we are experiencing today."
A GOLD-BASED CURRENCY BOARD, PLEASE - RealClearMarkets
"Until early in the 20th century, gold played a central role in the world of money. Gold had an incredible run – almost three thousand years. And why not? After all, Professor Roy Jastram convincingly documents in The Golden Constant just how gold maintains its purchasing power over long periods of time."
"But, since President Richard Nixon closed the gold window in August 1971, gold has not played a formal role in the international monetary regime. Today, the “regime” is characterized by many as a chaotic non-system."
"In the past decade, gold prices have surged and there have been noises in some quarters that gold’s formal role should be re-established in the sphere of international money. Nobelist Robert Mundell has gone so far as to predict that Gold will be part of the structure of the international monetary system in the twenty-first century."
THE TROUBLE WITH MONEY - ChrisMartinson.com
"Money is not wealth, Money is just a marker for real things. As long as you can exchange your money for real things, your money represents value. Because we tend to conduct all of our most meaningful transactions using money, our perspective can become warped to the point that we think it is the money itself that has value."
"Times of great upheaval offer a gift -- the chance to really sit down and rethink things... things are not ever going to go back to "normal" if we define normal as the period from 1950 to 2000 during which relatively constant economic growth and slightly-faster-than-that debt growth went hand in hand."
CHINA, PEAK GOLD AND INDICATORS SUGGEST GOLD UPWARDS TREND TO CONTINUE - Mineweb
According to expert John LaForge, unless there is no significant improvement on the world monetary situation or real interest rates don't rise dramatically, the gold price trend will remain intact. Springtime for gold is usually best to accumulate the metal, but investors should not expect huge price jumps just yet.
SPAIN IS ABOUT TO ENTER A FULL-SCALE COLLAPSE - PhoenixCapitalResearch
"Spain is about to enter a full-scale Crisis. A few facts about Spain:
-Total Spanish banking loans are equal to 170% of Spanish GDP.
-Troubled loans at Spanish Banks just hit an 18-year high.
-Spanish Banks are drawing a record €316.3 billion from the ECB
(up from €169.2 billion in February)."
"Things have gotten so bad that Spanish citizens are pulling their money out of Spain en masse: €65 billion left the Spanish banking system in March alone."
More: Swiss America Gold Market News
4.24.12--Fed Playing Politics With Our Money?
Gold prices rebounded toward $1,650/oz. Tuesday on bargain hunting and a weaker dollar, stocks mixed on housing worries. Gold last traded at $1,641 an ounce, silver last traded at $30.83 an ounce.
FED PLAYING POLITICS WITH OUR MONEY? EXPERTS SAY NEW LAW COULD STOP THIS - PR
This week investors, big and small are anxiously awaiting the Federal Reserve Board's policy statement to see how it impacts the U.S. Dollar's value. The Federal Reserve, America's central bank, was supposed to be politically neutral and to keep the U.S. Dollar sound as a dollar.
"But the Fed can tilt an election by producing lots of money from thin air to create the illusion of prosperity," says Lowell Ponte, co-author with Craig R. Smith of the widely-praised recent books THE INFLATION DECEPTION and CRASHING THE DOLLAR.
"Now Congressman Kevin Brady (R.-Texas), vice chairman of the powerful Joint Economic Committee, is proposing the Sound Money Act to reduce the Fed's mandate to only one thing - keeping prices stable," says Craig R. Smith, a monetary expert.
"Rep. Barney Frank (D.-Mass.) and other liberals are fighting the Sound Money Act tooth and nail," says Ponte, "because it could stop the Fed from pumping up the welfare state, stock market and political spending with magic money from nowhere during an election year."
In the book, "Fiat Paper Money, The History and Evolution of Our Currency," author Ralph T. Foster writes, " From firsthand experience, Mr. Kessler described the Weimar Republic hyperinflation:
"It was horrible. Horrible! Like lightning it struck. No one was prepared. You cannot imagine the rapidity with which the whole thing happened. The shelves in the grocery stores were empty. You could buy nothing with your paper money."
According to Mr. Smith, "Using the Fed's own statistics we could face massive inflation, if not hyper-inflation, by 2018. Using stats from non-government agencies it could occur by 2014."
EURO: What on earth is going on with our money? - Telegraph
"As is evident from political developments over the weekend in France and the Netherlands, support for the approach chosen - austerity and structural reform - is fast eroding. Euroland faces a groundswell of populist rebellion. The political consensus around austerity is crumbling."
"Time is running out. Support for populist, national alternatives is growing. In Washington last week, Christine Lagarde, managing director of the IMF, qualified her delight in more than doubling the size of the IMF safety net by saying that this was not in itself a solution. Indeed it is not."
THE CREATIVE MONOPOLY - NY Times
"Creative people don't follow the crowds; they seek out the blank spots on the map. Creative people wander through faraway and forgotten traditions and then integrate marginal perspectives back to the mainstream. Instead of being fastest around the tracks everybody knows, creative people move adaptively through wildernesses nobody knows."
"We live in a culture that nurtures competitive skills. And they are necessary: discipline, rigor and reliability. But it's probably a good idea to try to supplement them with the skills of the creative monopolist: alertness, independence and the ability to reclaim forgotten traditions."
"Everybody worries about American competitiveness. That may be the wrong problem. The future of the country will probably be determined by how well Americans can succeed at being monopolists."
More: Swiss America Gold Market News
4.23.12--What Americans Trust Less Everyday
Gold prices dipped again Monday on a firmer dollar, stocks fall on fresh EU debt/default worries. Gold last traded at $1,638 an ounce, silver last traded at $30.86 an ounce.
IN NOTHING WE TRUST NationalJournal
According to Ron Fournier and Sophie Quinton, Americans are losing faith in the institutions on which this country was founded. Institutions including the presidency, congress and banks have fallen sharply over the last decade according to Gallup. The second highest increase in confidence was in religion and the church. Seven out of ten Americans believe that the country is on the wrong track and eight out of ten are dissatisfied with how the nation is being governed.
THE BEST REASON IN THE WORLD TO BUY GOLD - Forbes
Beijing is planning on avoiding US financial sanctions on Iran by paying for oil with gold. These financial sanctions were set up by Obama and the NDAA which attempts to reduce Iran's revenue by imposing sanctions on foreign financial institutions conducting transactions with Iran.
PAUL: "PAPER MONEY'S MORAL HAZARD" - CNBC VIDEO
Congressman Ron Paul fields questions about returning to a Gold standard. According to Paul, "Paper money is a moral hazard that creates malinvestment. The Great Depression began with 1920s inflation. What we need today a big liquidation of debt."
GOVERNMENT BONDS AND DEBT BONDAGE - MarketOracle
According to Dr. Gary North, the government has been issuing and defaulting on bonds for nearly three centuries. Politicians have cheated debtors by inflating currencies and pay back debt with money of reduced value.
"When governments resort to inflation to stimulate the economy, they ultimately undermine the hopes and dreams of bond investors. But there are not many bond investors, so governments really do not worry very much about undermining their dreams. I hope this cycle can be broken. If the great default is great enough, maybe it will be."
More: Swiss America Gold Market News
4.20.12-- Since Kublai Khan, Paper Money Always Fails
Gold prices ended the week flat on Friday in lackluster trading, Apple falls 10% hurting tech index, Dow up. Gold last traded at $1,642 an ounce, silver last traded at $31.70 an ounce.
Next week short-term speculators will be watching the Fed policy statement for impact on the U.S. dollar and euro. Traders will also digest the outcome of the International Monetary Fund meeting and French presidential elections.
SINCE KUBLAI KHAN, PAPER MONEY ALWAYS FAILS - The Future of Money - Free CD!
"Never before in the history of the world has there ever been a single paper currency that has not ultimately collapsed," says economist and author Craig R. Smith.
"The best example is the track record of the paper currencies of China's ancient dynasties. An early paper money experiment was launched by Kublai Khan which then spanned hundreds of years in Chinese history including; the Song dynasty, the Jin dynasty, the Yuan dynasty and the Ming dynasty. In all cases they had State-issued paper currencies created to raise money for the government. Over time all of these currencies experienced inflation - and ultimately became worthless."
"Only the Ming dynasty escaped the same fate by returning to commodity-based money. From the year 1500 AD, no fiat paper money was ever used again in China until reintroduced in the 19th and 20th century in an effort to compete with U.S. currency. Paper money systems do not work over the long-term."
Mr. Smith concludes, "After 98 years without a Gold standard, America's 237-year experiment is at risk of the same fate. The primary reason our nation's thriving economy survived the first 140 years was because our money system was stabilized by gold. We may have drifted away from 'real money' during wartime, but we always returned to it. Today, unless we find a path to return to a Gold standard, we should expect a currency collapse - and prepare for it." more...
TOP ANALYSTS SEE RECORD GOLD IN Q4 AS FUNDS RETREAT - Mineweb
According to top analysts, gold will see record highs in Q4 with an average of $1,900 an ounce. This is 16% higher than the current price of gold. Experts are predicting this because central banks maintain record low interest rates and hedge fudge are remaining less bullish.
CBO: OBAMA 2013 BUDGET WILL HURT ECONOMIC GROWTH - TheHill
"The nonpartisan Congressional Budget Office said Friday that President Obama’s 2013 budget will hurt the economy in the long term, arguing the larger deficits it would produce would reduce the amount of capital available to businesses. The new CBO report complements a March estimate that Obama’s budget would add $3.5 trillion to deficits over 10 years compared to current law."
More: Swiss America Gold Market News
4.19.12--"Financial Repression" Creates Inflation
Gold prices held near $1,650/oz. Thursday in choppy trading, stocks retreat on jobless data, EU worries. Gold last traded at $1,642 an ounce, silver last traded at $31.78 an ounce.
STOP WORRYING ABOUT GOLD, START WORRYING ABOUT THE EURO - Mineweb
"Even though we are in the midst of the biggest debt crisis in history, central bankers and financial leaders as well as politicians continue to beguile us into thinking that everything is fine and things will eventually return to normal just like it always has before. While central bankers persist with more money printing and the size of debt in the world increases many smart investors will ignore the political rhetoric and accumulate more gold to protect the purchasing power of their wealth. The next debt crisis in the Euro zone may well be the catalyst that will propel gold prices to a new high. In the meantime, do not become despondent with gold's lackluster performance. It will soon resume its uptrend.
"FINANCIAL REPRESSION" CREATES INFLATION - The Future of Money - Free CD!
According to economist and author Craig R. Smith, "In 1945 we won WWII, but the U.S. faced huge debts, which launched a new era of 'Financial Repression', which is a coordination between the federal government, Federal Reserve, banks and other financial institutions to keep interest rates artificially low, thus providing savers a negative return on their deposits (effectively paying them to lend you your own money!) to keep the economy afloat."
"Between 1945 and 1980 this government-driven 'Financial Repression' forced Americans to face 14% inflation rates. Ronald Reagan was then swept into office in 1981 and his first action was to allow Fed Chairman Paul Volker to raise interest rates to 21%, a very dangerous political move, but the right economic move to avert a financial meltdown of the currency. This led the U.S. into a deep recession which squeezed the excesses out of the system. By 1983 we come out of the recession with the stage set for 20 years of growth and prosperity in our nation." more...
THE WORST ECONOMIC RECOVERY IN HISTORY -WSJ
Stanford economist Edward Lazear writes, "Sadly, we have never really recovered from the recession. The economy has not even returned to its long-term growth rate and is certainly not making up for lost ground. No doubt, there are favorable economic numbers to be found, but overall we continue to struggle. Stanford economist John Taylor argues that the current recession was caused by Fed policy as well—rates remained too low for too long in the lead up to the sub-prime mortgage fiasco. Unless we move to a set of economic policies that are aimed at growing the economy rather than at promoting social agendas, this may be the first "recovery" in history that fails to see us return to long-term average growth.
OBAMA'S NEW "BRIDGE TO WORK" PROGRAM - AP
"The Obama administration is looking for states that will experiment with unemployment insurance programs by letting people test a job while still receiving benefits. The Labor Department will open the application process Thursday for 10 model projects across the country. Any state can apply for the "Bridge to Work" program. Under the plan, workers who have lost jobs can be placed in other temporary jobs as trainees for short periods to retain their skills or gain new ones while receiving jobless assistance. About a third of the time, those workers wind up getting hired full-time. Touting the auto bailout at a fundraiser in Detroit, President Obama told supporters "we are now seeing what change looks like."
LAUGH OF THE DAY
Enterprisenews.com reports "In BROCKTON, Mass. an infuriated gas customer called police to complain about high gas prices...The man, who was not identified, "couldn’t believe super (unleaded) was $4.13 a gallon and he only got 6 gallons for $25," police logs show. No charges were filed."
More: Swiss America Gold Market News
4.18.12--No Time For (Tax) Slaves
Gold prices dipped below $1,650/oz. Wednesday on profit taking and a firmer dollar, stocks retreat on earnings disappointment. Gold last traded at $1,640 an ounce, silver last traded at $31.56 an ounce.
THE $5 TRILLION MAN - CNS.com
CNSNews.com reports "In the 39 months since Barack Obama took the oath of office as president of the United States, the federal government’s debt has increased by $5,027,761,476,484.56, which equals $16,043.39 for every one of the 313,385,295 people the Census Bureau now estimates live in the United States."
TAX SLAVES: NO FREEDOM UNTIL AUG. 13TH - Lowell Ponte, Common Sense Radio
“The marvel of all history is the patience with which men and women submit to burdens unnecessarily laid upon them by their governments.” -George Washington
"Until yesterday, April 17th, all Americans have been working for the government," author and futurist Lowell Ponte told Common Sense Radio listeners today. "At what point do we Americans become slaves to government?" asks Ponte. "When taxes reach 100%? 90%? We are already over 60%. The "Cost of Government Day", which includes federal, state and local taxes as well as hidden deficit spending, regulations, the Obamacare mandate and $100 Billion a year in tax prep costs., will not arrive for nearly four more months, on Aug. 12th, according to Americans for Tax Reform Foundation and the Center for Fiscal Accountability.
NEW VIDEO: Taxing Time For Americans - David Walker, CNBC, 4.16.12
Former U.S. Comptroller David Walker views unfunded liabilities of the U.S. near $100 Trillion as the most dangerous yet hidden below the surface iceberg facing the U.S.S. Titanic.
SURGING CENTRAL BANK GOLD DEMAND ADDS NEW DIMENSION TO BULL MARKET - Gold-Eagle
"If I were to rank the most important gold market events of 2011, the profound shift of central banks from net sellers to net buyers would sit comfortably in the number one slot. Number two would be the surge in purchases of coins and bars by private investors. Not only are the shifts in sentiment themselves profound, the tonnage involved is striking. "Up until now, gold's secular bull market has been driven by a combination of private and institutional investor demand. Though those two components in the demand picture remain well-defined, it is the arrival of deep-pocket central banks in emerging countries like China, Russia, Saudi Arabia, India, Mexico, Brazil, as well as players yet to be named, that have added a whole new dimension to gold's secular bull market.
THE TIME IS NEAR! - Jim Carrillo, SATC
"Based on the fundamentals and the data shown above, it is clear the best times to buy or accumulate heavily have been in the May-July time frames, after a eight month sideways consolidation and when it is closest to its long term moving averages. The time is near, if not HERE. Protect your hard earned savings before it is too late, don't panic buy on the next surge, buy NOW. Remember, Gold has averaged gains of better than 20% per year, but growth has been better than 35% if you buy on a correction like this. The growth of money indicates that this growth will accelerate in the coming years. There is a Lag between Cause and Effect."
THE LEGAL TENDER CASES - GoldStandardNow.org
"At the end of 1861, the United States Treasury suspended payment in gold and silver as an exigency of the Civil War. The Legal Tender Act of 1862 was enacted to issue paper money—so-called 'greenbacks'—to finance the Union’s war efforts. This paper currency became legal tender for all debts public and private.However, the newly issued paper currency was quickly devalued in terms of gold. Creditors were upset that they were legally forced to accept greenbacks instead of gold, even if the executed contract included a gold payment clause. Secretary Chase repeatedly tried to intervene in the gold market to prevent further depreciation of the greenbacks but his attempts failed—and many encouraged further depreciation.
Secretary of the Treasury Chase supported the Legal Tender Act as a necessary means of financing the war effort. Nevertheless, Chief Justice Chase would reverse his own opinion of the Act, declaring and maintaining over the remainder of his life that paper money was unconstitutional."
More: Swiss America Gold Market News
4.17.12--30th Major Hyper-Inflation Coming, Unless...
Gold prices consolidated near $1,650/oz. Tuesday on mixed signals, stocks cheer earnings and flat economic data. Gold last traded at $1,650 an ounce, silver last traded at $31.63 an ounce.
WHAT IF CENTRAL BANKS FAIL IN THEIR GIANT EXPERIMENT? - Money&Markets
According to Dr. Martin D. Weiss of Money and Markets, "Four of the world's largest banks are now running the money printing presses like never before in history. These four banks include the Bank of Japan, U.S. Federal Reserve, The Bank of England and the European Central Bank. This out of control money printing will cause serious problems soon if its not put under control."
"No Fed Chairman in history — not even notorious easy-money advocates like Arthur Burns or Allen Greenspan — had EVER run the money printing presses for any extended period of time. But Fed Chairman Bernanke changed all that. Soon after the debt crisis hit in 2008, he nearly TRIPLED the size of the Fed’s balance sheet from about 6% of GDP to almost 17% of GDP."
29 MAJOR HYPER-INFLATIONS WORLDWIDE - The Future of Money - Free CD!
According to economist and author Craig R. Smith, "In the last century we have had 29 major hyper-inflations around the world. Russia, and most recently Zimbabwe, which experienced 500% inflation a WEEK! Zimbabwe used to be known as Rhodesia, which was one of the most prosperous nations in Africa, but now it is nothing more that another Third World nation. America is on the same path because we refuse to take steps to stop the money printing."
"Could our present Fed policy work? In theory yes, but not without a further crushing of the middle class via inflation. You think $5 gas is high? Think in terms of $10-$15 a gallon. You think $200-$400 utility bills are high, they could top $2,000 a month. This rampant rise in the cost of living will throw tens of thousands of middle class Americans into poverty - which is exactly what the Democrats want - more people on the public dole."
"The whole notion of redistributing private capital from citizens – which could be used to create jobs to give to the government to pay for public welfare, wastes money and cost jobs – is ridiculous."
"Our president is on the wrong track. We need a president that will step forward to defend our currency. Every American has their labor, retirement and savings denominated in dollars. IF we don't do it, and stay on this race to the bottom among paper currencies, we will have a currency collapse." more...
More: Swiss America Gold Market News
4.16.12 -- 'Monumental' awakening of U.S. founder's vision
Gold prices were virtually unchanged Monday between profit-taking and bargain hunting, stocks end mixed. Gold last traded at $1,652 an ounce, silver last traded at $31.50 an ounce.
"Monumental" explores original vision of the U.S. founders - By David Bradshaw
If the truth is stranger than fiction, then so is the new documentary movie Monumental, which is awakening audiences nationwide to the original vision of the Pilgrims. I watched the movie Friday night and was very impressed to see highly respected authors and historians, many of whom we interviewed many years ago for Swiss America's "World Economic Perspective" radio show. Men like; David Barton, Stephen McDowell, Os Guinness, and Marshall Foster. Kirk Cameron films are maturing, from "Left Behind" (preparing us for the worst) to "Fireproof" and "Monumental" calling us to rebuild a better future.
CNN blog reports "Kirk Cameron emerges as Christian activist"
"In the film, Cameron retraces the Pilgrims’ steps from England to Holland to the New World. He talked to scholars and historians, digging in on the faith of the Founding Fathers. What he found, he said, is a forgotten historical narrative not taught in schools. Those first principles, as Cameron sees them, are spelled out in a scene depicting a large stone monument near Massachusetts’ Plymouth Rock, the spot memorialized as the place the Pilgrims landed.
"Kirk Cameron's 'Monumental' is a faith-filled and informative must-see!" says Examiner.com.
"One of the fascinating monuments presented was the National Monument to the Forefathers, located in Plymouth. The movie refers to it as the Matrix of Liberty. This explanation of the monument is worth the price of admission and the popcorn. The Monument to the Forefathers is a little-known statue located in what is now a residential neighborhood; it faces toward Plymouth Harbor. The 81-foot tall statue shows a woman named Faith, surrounded by four other figures. Faith's right hand is pointing to heaven, she has a Bible in her left hand and a star, emblematic of being crowned with wisdom.
"The statue also shows, four buttresses symbolizing the principles upon which the pilgrims based their new society. These principles were freedom, education, law and morality — all inextricably linked to the word of God. Noticeably excited about this monument, Cameron questions why the statue isn't showcased more, given its importance and meaning. Good question.
“Monumental film gains critical acclaim" says OregonFaithReport.com
Joni Eareckson Tada writes, "I came away from watching Monumental with ‘I never knew that!’ ringing in my head! I learned etched-in-stone truths about America’s foundations that, to me, were a marvel. Monumental awakened my understanding of what common citizens need to actually DO to regain this country’s greatness. Informative… Enlightening… Amazing… these are the words that aptly describe my response to this remarkable movie. It’s a ‘must see’ for every American family who wants to make a lasting difference in our culture!”
More: Swiss America Gold Market News
4.13.12 - A 'Titanic' Economic Lesson
Gold prices eased back Friday on profit-taking and a firmer dollar, stocks worst week of the year. Gold last traded at $1,657 an ounce, silver last traded at $31.52 an ounce.
CONSUMER PRICES RISE .3%; GAS CLIMBS .9% - CNBC
U.S. consumer prices rose .3% in March as falling electricity costs countered higher gasoline prices, boosting the view the Federal Reserve has room to provide more support for the economy. "I think the Fed has made it blatantly clear that inflation is not their first concern. They're more interested in growth and robust labor numbers," said Boris Schlossberg at GFT Forex in Jersey City.
GOLD ENTERING THE MAINSTREAM - GoldMadeSimple
This week, MSNBC host Dylan Ratigan spent a good amount of his time dedicated to gold. One of his guests, Matthew Bishop, said that the type of people that are investing in gold right now are some of the smartest investors in the world such as John Paulson and Ray Dalio. They are recognizing a crisis with paper money and looking
to gold as an alternative.
U.S. ECONOMY IS TITANIC – AND SINKING, SAYS EXPERT - PR
"On April 15, 1912, a ship the experts called “unsinkable” and “too big to fail,” the Titanic, sank after hitting an iceberg in the North Atlantic. We watch movies and imagine what it must have been like for half the passengers for whom there were no lifeboats,” says former think tank futurist Lowell Ponte.
“But look around you. You are on the U.S.S. Titanic right now. Our economy has already hit the iceberg, had a huge hole torn in its side, begun flooding with icy water, and we don't have enough lifeboats,” says Ponte.
“We now know that 100 years ago the Titanic's sank because its hull was made with defective rivets that broke on impact. Our economy has likewise been built on weak paper money and on borrowing, not real productive strength. The U.S. Government now borrows $58,000 every second to provide 42 cents of every dollar our politicians continue to wildly spend. It's a ship of state built of cards, credit cards, recklessly steered by a ship of fools,” says Ponte.
Monetary expert Craig R. Smith and I co-authored The Inflation Deception to show people how we might keep the economy afloat and restore prosperity, or, if that fails, how people can quickly and securely build their own lifeboats. We need to do this urgently.”
More: Swiss America Gold Market News
4.12.12 - Dollar down, everything else up
Gold prices leaped to $1,675/oz. Thursday on bargain-hunting and a weaker dollar, stocks rally on earnings vs. data. Gold last traded at $1,675 an ounce, silver last traded at $32.32 an ounce.
GOLD 'TO HIT $2,000' ON SPAIN FEARS - Telegraph
"A looming flare-up in the eurozone crisis over Spain will drive the price of gold towards $2,000 an ounce this year, a leading consultancy predicts. Rising fears about the region’s fourth largest economy will send a fresh flood of investment towards the “safe haven” metal, according to the annual report from Thomson Reuters GFMS.
EURO CRISIS STILL KICKING AND WILL IMPACT GOLD - Mineweb
Martin Murenbeeld of Dundee Wealth Economics says that the continuation of the euro zone crisis will help push gold to higher price levels. He goes on to say that while many investors still focus on the Fed and whether or not they will consider another round of quantitative easing, its the euro zone crisis that will ultimately play a major factor in gold prices.
THE WAR AT THE END OF THE DOLLAR - GoldSeek
"The history of the U.S. dollar is closely linked to U.S. involvement in a series of wars. Unfettered by the constraint of gold backing after 1971, the U.S. dollar became a weapon in the Cold War (1945–1991) between the U.S. and the former Union of Soviet Socialist Republics (U.S.S.R.). Each war corresponded with an increase in the U.S. money supply."
"From their peak during World War II to 1971, U.S. gold holdings fell from approximately 20,205 tonnes to approximately 8,134 tonnes. In February 1973, the U.S. devalued the dollar and raised the official dollar price of gold to $42.22 per troy ounce. By June of the same year, the market price in London had skyrocketed to more than $120 per ounce."
THE AMERICAN WELFARE STATE: HOW WE SPEND NEARLY $1 TRILLION A YEAR FIGHTING POVERTY--AND FAIL - CATO
"On January 8, 1964, President Lyndon B. Johnson delivered a State of the Union address to Congress in which he declared an 'unconditional war on poverty in America.' At the time, the poverty rate in America was around 19 percent and falling rapidly."
"This year, it is reported that the poverty rate is expected to be roughly 15.1 percent and climbing. Between then and now, the federal government spent roughly $12 trillion fighting poverty, and state and local governments added another $3 trillion. Yet the poverty rate never fell below 10.5 percent and is now at the highest level in nearly a decade. Clearly, we have been doing something wrong. There are currently 126 separate federal government programs designed to fight poverty."
JOBLESS CLAIMS JUMP; CORE PPI UP, TRADE DEFICIT DOWN - CNBC
U.S. jobless claims rose last week to the highest level since January, raising fears the labor market recovery was stalling after job creation slowed in March. The government reports U.S. producer prices were unchanged last month after advancing 0.4 percent in February. Gasoline prices rose 7.5 percent, while the U.S. trade deficit shrank 12.4 percent to $46 billion in February.
More: Swiss America Gold Market News
4.11.12 - CAN 'GOOD' MONEY DRIVE 'BAD' MONEY AWAY?
Gold prices consolidated near $1,660/oz. Wednesday on bargain-hunting and profit-taking, stocks halt 5-day slide on upbeat earnings. Gold last traded at $1,659 an ounce, silver last traded at $31.61 an ounce.
WAS THAT THE BOTTOM IN GOLD? - MarketWatch
"Gold seems to now be at a juncture where in the very near-term, it could be a better place to put money to work than stocks....a good amount of gold's weakness may now have passed. A near-term relative bottom against stocks may now be in place."
SELL STOCKS, GRADUALLY STOCK UP ON GOLD - MoneyNews
"Investors should sell stocks and gradually stock up on gold", says Marc Faber, publisher of the Gloom, Boom and Doom report. Big investment banks like the precious metal as well amid such uncertainty. For the long term, stocks are on the decline and gold is set to rise.
THE SOUND DOLLAR ACT OF 2012 - Forbes
"The Sound Dollar Act of 2012 is a bill recently introduced by Rep. Kevin Brady, top Republican on the Congressional Joint Economic Committee. The overwhelming conservative consensus is for the dollar, whether issued by the government or the private sector, to be defined as a fixed weight of gold and
for currency convertibility."
"Brady elegantly has structured this legislation in a way that gives space both to the conservatives (supply side, movement, libertarian, and constitutionalist Tea Party) and Establishment Republicans (and conservative Democrats) to come together to work out what good money looks like. The hard left reacts to monetary reform and the gold standard as a vampire does to a crucifix."
Interesting Historic Fact: "Bad money drives good money out of circulation," is a truism known as "Gresham's Law". BUT, Sir Thomas Gresham did not formulate "Gresham's Law"! It was actually a well known concept of the time, though it didn't carry any name. It wasn't until 300 years later, in 1857, when an economist named Henry Dunning MacLeod attributed Gresham's name to the concept. Learn more about the past and "Future of Money"
AMERICA'S DEBT GREATER THAN ENTIRE EUROZONE - WeeklyStandard
"America's debt is currently $15.1 trillion, while the Eurozone (which includes France, Germany, Greece, Italy, Spain, the U.K., and others) has a combined debt of $12.7 trillion." (All dollar amounts are in U.S. dollars,
and the data refers to closing 2011 numbers.)
"The Eurozone is larger than the United States, so America's debt per capita also exceeds the Eurozone's. According to the Census Bureau, the U.S. has a population of 313 million, whereas the Eurozone has a population in excess of 331 million."
More: Swiss America Gold Market News
4.10.12 -- Gold: Money's anchor roars into the future
Gold prices rebounded above $1,650/oz. Tuesday on bargain-hunting and safe haven buying, stocks fall on EU bond fears amid earnings worries. Gold last traded at $1,660 an ounce, silver last traded at $31.84 an ounce.
GOLD BULL MARKET HAS NOT ENDED YET: ANALYSTS - CNBC
According to analysts, investors need to take advantage of the recent gold falls right now and buy up gold before it hits record highs this summer. Many analysts are expecting record highs before the end of the year and are advising any gold investors to buy on the dips before it may be too late. Special Report: Gold BOTH Sides of the COIN
THE RE-BIRTH OF UNCERTAINTY - SharpsPixley
"Many market participants have attributed the drop in gold price since end-February to a diminishing chance that the U.S. Fed will adopt QE3. The rally in risky assets such as global equities due to better economic growth number, albeit lopsided from the U.S., led some to reduce safe haven bets such as gold.
"The rebirth of uncertainty takes place when the Spanish 10-year bond yield surged 40 basis points last week as investors were expecting Spain, like Greece, Ireland and Portugal, would need to request for international aid. Spain is the most closely-watched country as the bellwether for Europe’s sovereign debt crisis. The higher than expected China’s March CPI number of 3.6%, compared to median economists’ forecast of 3.4%, may bring more uncertainty to China’s monetary easing.
RECOVERY – WHO ARE WE KIDDING? - MerkInvestments
"Fed Chair Bernanke, a student of the Great Depression, frequently warns against repeating the policy mistakes of that era. So does the reflationary argument work, i.e. does printing and spending money help bring an economy back from the brink of disaster? We cannot find an example in history where it has.
"But if one follows Bernanke’s line of thinking, what’s the alternative? The alternative would be to firmly err on the side of inflation, as the Fed thinks inflation is the one problem it knows how to fight. Except that a central bank must never communicate that it wants to induce inflation, as it may derail the markets. So the 2nd best option, from Bernanke’s point of view, may be to commit to keeping rates low until the end of 2014. Unfortunately, we don’t think Bernanke’s plan will work.
"What does it all mean for the markets? Deflationary forces have favored the U.S. dollar and been a negative for gold. As indicated, however, we don't think the Fed will sit by idly as the markets price in tightening before the economy is “ready”. As such, a flight into the dollar out of gold might be an opportunity to diversify out of the dollar into a basket of hard currencies, including gold.
GAS PRICES GROW MORE UNDER OBAMA THAN CARTER - USNews
"Marking the similarities between President Barack Obama's time in office and former president Jimmy Carter's is nothing new. But as of Monday, Obama has hit one more Carter benchmark - both saw gas prices double in their first term of office. In fact, Obama has seen an even higher gas price increase than Carter dealt with under his administration.
More: Swiss America Gold Market News
4.9.12 - Understanding The Future of Money
Gold prices rose near $1,650/oz. Monday on bargain hunting, stock fall on jobs data, mixed outlook. Gold last traded at $1,641 an ounce, silver last traded at $31.69 an ounce.
WHAT WILL A GLOBAL CURRENCY COLLAPSE LOOK LIKE? - New CD Offer
By Dr. Michael Savage (((Listen)))
How can Americans prepare for something that's never happened before in world history?
According to economist and author Craig R. Smith today we face an international currency collapse, unless political and economic leaders take one of three steps...
1) We return to a gold standard backing the U.S. dollar.
2) We immediately raise interest rates to 10% or above to discourage debt and encourage saving.
3) We immediately pass a balanced budget amendment and return to fiscal sanity in Washington.
Sadly, all three options appear to be extremely unlikely to occur any time soon. Why?
"Because good politics and good economics simply do not mix," says Mr. Smith.
"Obama's biggest economic problem is that he really believes FDR's policies pulled America out of the Great Depression," says Smith, "But the truth of history reveals just the opposite." Listen/Read more...
VOTERS CHEERING SUPREME COURT'S CHALLENGE OF OBAMACARE - WND
According to a new Rasmussen Reports poll, approval ratings for the court leaped from all-time record lows right before the constitutionality of Obamacare – went on trial to their highest levels in two-and-a-half years only two weeks later. “Forty-one percent of likely U.S. voters now rate the Supreme Court’s performance as good or excellent,” the report asserts. “That’s up 13 points from 28 percent in mid-March.”
CENTRAL BANK WARNS AGAINST GOLD BULLION FRAUD - EmiratesBusiness
The UAE Central Bank is warning investors of gold bullion fraud where fraudulent documents that some individuals present as power of attorney to a third party to claim the assets with the apex bank.
More: Swiss America Gold Market News
4.5.12 - The Savage "Future of Money"
Gold prices rebounded above $1,625/oz. Thursday on bargain hunting despite a firmer dollar, stock flat after retail, jobs data. Gold last traded at $1,627 an ounce, silver last traded at $31.74 an ounce.
THE FUTURE OF MONEY: Preparing for a Global Currency Collapse NEW CD - Special Offer!
"Our once great nation and economy is about to hit a wall," writes Dr. Michael Savage after completing his 10th Annual Interview with Craig R. Smith, Swiss America Chairman.
“Today public confidence in more than 200 paper (fiat) currencies worldwide is hanging by a thread,” Swiss America Chairman Craig R. Smith wrote in 2010.
"After writing four important books accurately predicting the future of Gold, Oil, the Dollar and Inflation, in this interview we will cover the heart of his next book and vision to prepare America for an event never seen before in world history," says Savage. more...
WORLD FOOD PRICES JUST KEEP RISING - MSNBC
It has been reported that global food prices have rose in March for the third straight month and it is expected that more hikes are yet to come. This brings fears of hunger and social unrest to poorer countries while more developed countries will have less disposable income to spend to help the struggling economy.
U.S. ECONOMIC PROSPECTS AND THE PRICE OF GOLD - Mineweb
According to gold expert Jeff Nichols, the current signs of growth in the economy announced in the latest Fed minutes may not be as good as they sound. He believes that gold prices will once again resume their path on an upward trend and investors should buy gold now before its too late.
BOFA SEES $2,000 AHEAD, MORE QE - GoldAlert
Bank of America expects at least $2,000 an ounce gold due to slowing economic activity and most likely another round of quantitative easing in the second half of 2012.
NOTE: Swiss America's offices will be closed March 6, 2012 in observance of Good Friday and will reopen Monday.
More: Swiss America Gold Market News
4.4.12 - If Gold Price Suppression Stops, Watch Out!
Gold prices dipped below $1,625/oz. Wednesday on profit taking and a firmer dollar following Fedspeak and EU worries. Gold last traded at $1,620 an ounce, silver last traded at $31.36 an ounce.
GOLD IS COILED SPRING ABOUT TO SNAP, SAYS SINCLAIR - GATA.org
Gold advocate and mining entrepreneur Jim Sinclair tonight tells King World News that gold is becoming an ever-more-tightly coiled spring, that its snapping release will be wondrous, that central banks will restore their solvency with gold, and that "quantitative easing to infinity" will underwrite the whole process.
EXPERTS AGREE THAT GOLD PRICE IS SUPPRESSED - CoinWeek
"A growing number of analysts, investment and hedge fund managers, precious metals commentators, and others in related financial markets have come to the conclusion that the gold and silver market prices are being suppressed by the US government, its trading partners, and allies. The best place to go to review a “scorecard” of experts who have come to the conclusion that gold and silver prices are rigged is to review the “Daily Dispatches” section of the Gold Anti-Trust Action Committee (available at www.gata.org).
WHY THE FED WILL INTERVENE IF STOCKS FALL TOO FAR - CNBC
How much of a drop in the stock market it will take before the central bank comes to the rescue? "Mr. Bernanke and (former Fed chair Alan Greenspan) made it clear that the stock market is the transmission mechanism for monetary policy," said Quincy Krosby, chief market strategist at Prudential Annuities in Newark, N.J. "They know that a stronger stock market feeds into a stronger economy, which feeds into investor confidence.
SHILLING STILL SEES 2012 U.S. RECESSION - Globe&Mail
"Bearish money manager Gary Shilling is sticking with his call that the United States will experience a recession later this year. "Despite the recent euphoria of investors over U.S. stocks, we believe the economy is likely to weaken as the year progresses, led by renewed consumer retrenchment," Mr. Shilling says. GDP growth has been accelerating recently, but Mr. Shilling says much of the increase in economic output has been due to rising inventories, also not a good sign.
THE HIDDEN RISKS OF ETFS - MoneyShow
"ETFs never promise results...they are marketed only as an investment tool. In the majority of cases, this works just fine. It's wonderful that investors can purchase a whole index such as the S&P 500 with a single ETF. Unfortunately, these incentives can create a serious problem in the ETF industry, as popularity drives much of its profits, rather than results.
Wishful Thought of the Day...
House Minority Leader Nancy Pelosi on Tuesday predicted the Supreme Court will uphold the health care law on a 6-3 in favor vote, saying she and her colleagues "wrote the bill in an ironclad way."
More: Swiss America Gold Market News
4.3.12 - FED: Enough Inflation Already in the Pipeline, Markets Fall
Gold prices dipped below $1,650/oz. Tuesday on profit taking and a firmer dollar following "no QE3" Fed news. Gold last traded at $1,645 an ounce, silver last traded at $32.68 an ounce.
FED BACKS AWAY FROM 'QE3' - Marketwatch
"There was less interest in another round of asset purchases, commonly known as quantitative easing, at the Federal Reserve’s policy meeting in March, according to the minutes released on Tuesday. At the meeting, only a couple of members suggested that more easing could become necessary if the economy lost momentum.
CONSUMERS CRUSHED & ECONOMY COLLAPSED - KingWorldNews
"In an environment where politicians and Wall Street increasingly are hyping an economic recovery ... Main Street U.S.A. usually has a pretty good sense of actual business activity, irrespective of the hype," reports John Williams of Shadowstats.com. "A major reporting problem in the system is the understatement of inflation used in deflating the economic series. The use of understated inflation in deflating data results in an overstatement of the
inflation-adjusted numbers.
GOLD AND SILVER-THE ULTIMATE ANTI-FIAT CURRENCY VS FED'S ‘SOPHISTICATED SWINDLE' -Mineweb
According to precious metals expert Richard Karn, gold and silver can be used as a strong protection against the "global pandemic of corruption" as the government continues to devalue the US dollar. As the governments continue to print money, many experts are suggesting to buy gold and protect yourself.
IT'S 'DO OR DIE' FOR AMERICA - Savage - WND
“An Obama victory in 2012 would doom this country. It’s a do or die situation,” Savage told WND in an interview. “You can see the trajectory of Obama’s regime thus far. Imagine your worst fears, and you’re going to have some or all of it if this man is re-elected.” He said that if Romney wins the nomination, he would vote for him “strictly on the issue of national security and taxation.”
Savage’s “Trickle Down Tyranny: Crushing Obama’s Dream Of The Socialist States Of America” is scheduled for release Tuesday by Harper Collins. The author of six New York Times bestsellers, his third-ranked national talk show, “The Savage Nation,” has more than 10 million listeners
More: Swiss America Gold Market News
4.2.12 - Without a Gold Standard real wages fall 57%
Gold prices rose above $1,675/oz. Monday on bargain hunting, ends Q1 with 6.7% gain, Silver prices jump 16%. Gold last traded at $1,677 an ounce, silver last traded at $33.00 an ounce.
'MASSIVE WEALTH DESTRUCTION' IS ABOUT TO HIT INVESTORS - CNBC
Out of control government debts have triggered uncontrolled money printing by governments that will lead to inflation levels that will decimate portfolios, according to market expert Marc Faber.
"I think that people should own some gold and I think that people should own some equities, because before the collapse will happen, with Mr. Bernanke at the Fed, they're going to print money and print and print and print," says Faber.
U.S. STANDARD OF LIVING HAS FALLEN MORE THAN 50% - BullionBulls
"U.S wages have plummeted so low that a two-income family is now, on average, 15% poorer than a one-income family of 40 years ago," according to Jeff Nielson of Bullion Bulls of Cananda, once adjusted for inflation.
Above chart illustrates... "Using the year 2000 as the numerical base from which to 'zero' all of the numbers, real wages peaked in 1970 at around $20/hour. Today the average worker makes $8.50 hour (after inflation-adjusting) – more than 57% less than in 1970. The refusal of our governments to adopt a consistent methodology in reporting inflation statistics can only imply a deliberate attempt to deceive," reports Mr. Nielson.
So what happened to wages starting in 1971? President Nixon closed the gold window, allowing the dollar to float as just another fiat currency. Read more from... RE-MAKING MONEY - Special Report
44 MILLION £1 COINS ARE FAKES - TheSun
"Royal Mint reports that around 44 million 1 pound coins are counterfeit, that comes to about 3% of all those currently in circulation. This discovery was made during one of the British Mint's six-monthly checks on forged money. "Forgeries of Gold Sovereigns, one of the world's most recognizable coins, has also been among the world's most faked coin," according to Goldsovereigns.co.uk.
