Still Haven’t Bought Any Gold?
Legendary investor, Jim Rogers thinks Fed Chairman, Ben Bernanke is a complete moron who “doesn’t understand how the economy works”. He’s selling all his possessions in the US, exchanging all his dollars for the Chinese remnimbi and moving to Asia. If you think he’s overreacting and the dollar can’t stay down, consider that its dropped against almost all major currencies this year. The dollar has seen some strength this week. Use this temporary bounce in the dollar to take a position in gold or other currencies.
“Nations are not ruined by one act of violence, but quite often, gradually, and almost imperceptibly, by the depreciation of their currency, through excessive quantity”.
– Nicolas Copernicus, 1525
“One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It is simply too painful to acknowledge – even to ourselves – that we’ve been so credulous.”
– Carl Sagan
“Once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and that consequently the prices of all commodities will not cease to rise, everybody becomes eager to buy as much as possible and restrict his cash holdings to minimum size… If the credit expansion is not stopped in time, the boom turns to crack-up boom: the flight into real values begins, and the whole monetary system founders.”
– Ludwig von Mises (1949)
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- Syria to promote Petro Euros I just read online that Syria just announced that it would start charging for its oil in euros instead of the tradition dollar. In researching this topic i found a very interesting article. Don't know if its conspiracy theory or not, but its interesting reading nonetheless. The Proposed Iranian Oil......
- You Can't Spend Your Way Out of the Crisis WSJ had an interesting article on New Zealand Prime Minister, John Key. A former foreign-exchange trader, he takes supply-side approach to the global recession. "We don't tell New Zealanders we can stop the global recession, because we can't," says Prime Minister John Key, leaning forward in his armchair at his......
- Byron Wien's 2008 Annual Top Ten Surprizes List Byron Wien, chief investment strategist for Pequot Capital, has once again published his annual list of economic, market and political surprises. Last year, he got about half of his predictions right. He predicted gold bullion at $800, oil at $80, surging grain prices, and the rise in Latin America's economies.......
Related Websites
- US Dollar Currency Profile (Part III) Prior to September 11, US Dollar was considered one of the premier safe haven currencies in the world because the risk of severe US instability was considered to be very low. United States was known to have one of the safest and the most developed capital markets in the world.Know......
- 10 Economic Predictions for 2010 Before I begin, please do be aware I am not a financial or economic expert by any stretch of the imagination. Therefore please take in the content of this post with a critical degree of skepticism. From where I am sitting, this is what I forecast for our immediate......
- Roundup for week of 23 September 2007: Plumbing fixtures edition Here are links of interest from the folks in the MBN and other blogs in my reader: All Financial Matters gives a sneak peek at the 2008 tax brackets. Blueprint for Financial Prosperity dishes out eight personal finance lessons he learned from Monopoly. (This is a cool post.) Consumerism Commentary......
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December 3rd, 2007 at 12:52 am
Hey, I know you like making money off of ads…but why do you need to put them all over your blog? You put them in very inconvenient places and I suppose that might result in a lower readership. Content is pretty good, but the ads are enough to make me never return.