Archive for July, 2008
Thursday, July 31st, 2008
The following article provides additional support to this view: http://www.reuters.com/article/bondsNews/idUSN3046323420080730 Mexico's largest field, Cantarell, is in serious decline. Mexico is a major supplier of light, sweet crude (the type our refineries need). Enjoy the low price of gasoline while you can. There may be notable reserves in the ...
Posted in Biblical Economics & Money | Comments Off on Did Peak Oil occur in May, 2005?
Wednesday, July 30th, 2008
Have you ever noticed how stock prices move before announcements are made? Insiders cannot resist telling a secret. I suspect that 99% of the time they will not get caught. Occasionally, they system will produce a high profile prosecution to satisfy the American people and promote the view that the ...
Posted in Biblical Economics & Money | Comments Off on Don’t be fooled by the madness!
Tuesday, July 29th, 2008
It is unfortunate that we must read articles written outside the U.S. to get a more realistic view of what is happening in our own financial markets. National Australia Bank is writing off 90% of it American "conduit" loans. It clearly understands the need to cleanse its liabilities. In the ...
Posted in Biblical Economics & Money | Comments Off on G’Day Mate!
Monday, July 28th, 2008
The "Bailout of Fannie Mae and Freddie Mac" may exceed $500 billion. The spinsters estimate $0 to $25 billion. The sad commentary in all of this is that the American public is not outraged at Congress for committing to this unbelievable bailout. I have the benefit of living in the ...
Posted in Biblical Economics & Money | Comments Off on Continued Recklessness: More Dominoes falling
Tuesday, July 22nd, 2008
The president and the chief financial officer (CFO) have a breakfast meeting. The president asks the question, "What will our earning be for the current quarter?" The CFO responds, "What do you want it to be?" That is the current reality in large financial institutions. This is not a new ...
Posted in Biblical Economics & Money | Comments Off on "Cooking the Books"
Tuesday, July 15th, 2008
This Presidential Election will not have a winner. Whoever is chosen will have a challenge never before seen by this country. There is a high probability that the standard of living of all Americans will decline substantially during this presidency. The country has been living on borrowed time, literally. Over ...
Posted in Biblical Economics & Money | Comments Off on The Next President will be the real loser
Thursday, July 10th, 2008
The economic crisis continues. Leaders continue to spin the statistics in order to manipulate the perception of consumers to believe "all is well" once again. The Fed has monetized bad debt from investment banks. What does that mean? They bought debt from investment banks that was ...
Posted in Biblical Economics & Money | Comments Off on Insolvency!
Wednesday, July 2nd, 2008
On February 3rd of this year I posted: Personal Economic Defense Plan. Let's review my recommendation: 5. Weight your stock portfolio to energy (oil & gas), gold, silver, & coppper stocks, and consistent dividend paying stocks. Chevron, Petrohawk, Goldcorp, Yamana Gold, Silvercorp, GE, Southern Copper, Penn West ...
Posted in Biblical Economics & Money | Comments Off on Personal Economic Defense Plan Review