Canada understands our problem
Friday, December 28th, 2012Why don’t we?
Archive for the ‘Biblical Economics & Money’ Category
Fiscal Cliff Damage
Friday, December 28th, 2012Many Americans have never traveled overseas thus they are unaware that other countries pay close attention to the news coming out of the U.S. Since we are the largest economy in the world, our actions or inaction causes ripples in other countries. The current fiscal cliff impasse is pathetic. Politicians ...
The Path to Incompetence
Thursday, December 27th, 2012Incompetence is the lack of physical or intellectual ability or qualifications. The U.S. continues to pursue increased complexity in all aspects of its various systems. Banks are thought to be too big to fail, Government follows a path of unlimited borrowing and unsupportable financial commitments, and students borrow money for ...
End of an era
Wednesday, December 26th, 20122012 will mark the end of an era. Japan, the world’s 3rd largest economy, will drive the Yen down and force inflation. As the Yen declines, Japanese bond rates will rise. They are now set for hyper-inflation. The fiscal cliff in the U.S. is akin to rearranging the deck ...
Graphical View of Financial Assets
Wednesday, December 26th, 2012For thousands of years gold has been a fundamental store of value and medium of exchange, based on equal weights and measures. Once technology allowed for easy accounting and flow of transactions, the Laws were changed, and regulators opted not to enforce the spirit of the Law, the global financial ...
We survived the end of the world!
Saturday, December 22nd, 2012Now that the Mayan Calendar has reset for another 26,000 years, we can get back to the business at hand. This astronomical event captured the interest of many but failed to bring the catastrophic zenith that Hollywood had predicted. The illusion is once again exposed. Gold and silver were ...
Next Major Move of Gold (and Silver)
Thursday, December 20th, 2012For the last year and a half, gold has been in a trading range of consolidation. I expect a violent move up and it will not be expected by the market. Paper gold in the futures market is risky since there is not enough gold to satisfy delivery. The paper ...
The Fiscal Cliff Reality
Wednesday, December 19th, 2012The “fiscal cliff” is another attempt to shift the attention of the public from huge problems to small ones. The automatic spending cuts and tax increases were intended to reduce the deficit but instead it will be only by an insignificant amount over next ten years. The problem is ...
Interpreting the Fed’s Actions
Tuesday, December 18th, 2012“On December 12, 2012, the Federal Reserve expanded QE3 (Quantitative Easing) to begin monetizing U.S. Treasuries, once again. This renewed monetization of Treasury debt likely will become perpetually expansive, providing unlimited liquidity to a system that already is dependent on, and addicted to the Fed’s stimulants. With no economic recovery ...