Bundesbank Has Completed Gold Repatriation From New York Fed, Three Years Ahead Of Schedule
Even these crooks don’t trust the FED… What does THAT tell you??? (Continue to full article)
Car Loans Versus Subprime Mortgages – Are there any parallels?
Looking at cars on line last night and was shocked at the prices for ones that are three years old. Used to be that I could buy a house for that kind of money. Think that I might buy the 1970 Chevrolet C/K 30 for $1,500.00… OR – rather than have your car repo’d – take it for a nice drive in the Arizona desert and jump the cliff with Thelma and Louise… Is there such a thing as a “subprime car loan bubble” brewing? Both Jamie Dimon (J.P Morgan boss) and comedian John Oliver seem to think so… (Continue to full article)
Americans Haven’t Been This Positive About The US Economy Since July 2007, But…
How did that work out for them??? (Continue to full article)
Initial Jobless Claims Plunge To 44 Year Lows
While continuing claims continue to rise post-election, initial jobless claims have collapsed back to with 1k of the lowest levels since 1973. While everything is awesome with this print, one wonders what happens next? Which is more likely – higher or lower from here??? I would rather not sit around and watch the ugly end of this story. It really matters not who sits on the throne in DC – we still have tens of millions not working, because no one will hire them… (Continue to full article)
Swamp Thing Takes Over Treasury – ForclosureGate II, the Sequel
ForclosureGate (circa 2010 forward): Widespread mortgage fraud as a result of an unregulated, rigged housing market guaranteed to create a collapse and waves of foreclosures, all of which leads to major hardship for homeowners and their families… (Continue to full article)
Here’s How Wall Street Is Ripping You Off, and What You Can Do About It
Let’s say you are buying a $10,000 corporate bond which the firm is showing on their computer screen with a one point commission. One point means $10 per thousand or a total commission of $100 on a $10,000 bond trade. The honest broker who is truly looking out for the best interests of his client, will do the trade as it appears on the computer screen. But to placate its greedy brokers… And the beat goes on… (Continue to full article)
Red Flag: US Consumer Bankruptcies on the Rise
US bankruptcy filings by consumers rose 5.4% in January, compared to January last year, to 52,421 according to the American Bankruptcy Institute. In December, they’d already risen 4.5% from a year earlier. This was the first time that consumer bankruptcies increased back-to-back since 2010. However, business bankruptcies began to surge in… (Continue to full article)
Overhauling Dodd-Frank May Not Succeed, but Also May Not Matter
Nancy Pelosi says President Trump’s call to reshape Dodd-Frank is a “massive con” and that he is putting #WallStreetFirst. Sadly, she has set the tone for Congressional Democrats, siding with… (Continue to full article)
3 Reasons Houses Are Getting Harder to Afford
Rising mortgage rates, bigger jumps in home prices and still-moderate income growth are adding up to a triple threat for the housing market this spring. Home affordability fell to the lowest level in… (Continue to full article)
The answer to the title question is simply: “Why Not?” A series of columns and commentary showing the history and importance of the ownership of ‘specie.’ History has proven that gold IS the answer. (Continue to full article)
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