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The following article is a reprint. We have not authenticated and have not verified the information contained within this article. By The Economic Collapse Blog Published “Before Its News” Feb 10, 2012 Credit Card Debt #1 Today, 46% of all Americans carry a credit card balance from month to month. #2 Overall, Americans are carrying...
The Price of Gold – Current Expectations There are many pundits that believe that gold will continue its relentless drive upward. Expectations range from a projection of $2,100 by December 31, 2012 to $5,000 per ounce. If one listens to these expectations, it sounds inevitable that gold will continue it’s rise to unprecedented heights. Comparison...
How to Deal With Overwhelming Debt We have written a number of times of how Canada solved it’s debt crisis which it incurred through successive Liberal Party excesses. It simply adjusted its spending so that the increase in expenditures continued, but at a lessor rate. Then as the US and Japan, and then Korea and...
Continued from Blogs of January 26 & 29, 2012 Dealing with the debt problem means firstly understanding the economic powerhouse that is the USA. The US $ remains the world’s currency and is accepted universally. Fixing the US $ is PRIORITY #1. In the previous blogs, we discussed – Bringing government expenditures under control –...
Continued from Blog of January 26, 2012 Dealing with the debt problem means firstly understanding the economic powerhouse that is the USA. The US$ remains the world’s currency and is accepted universally. Other currencies float in relation to the US$. Fixing the US $ is PRIORITY #1. In the last blog, we discussed – Bringing...
How to Deal with the Debt Problem Dealing with the debt problem means firstly understanding the economic powerhouse that is the USA. The US$ remains the world’s currency and is accepted universally. Other currencies float in relation to the US$. Stability and a return to currencies floating within expected ranges vis-a-vis the US$, brings a...
The Hindsight Comparison of the Banking Crisis in the Weak Sisters in Europe As the world gradually turns against printing ever more money, we see Germany refusing to loan ever more to the weaker members of the EU; we see the Republicans in the USA turning against the policies of George Bush in printing money...
Headlines Recently Talked About an Oversupply of Iron Ore Over the last several years, the search for iron ore intensified, and because of demand from China and Eastern countries, there was great interest in new deposits prospected in Canada and elsewhere. Recently headlines had two themes. Firstly, the sheer number of new refineries and steel...
The Attractiveness of Gold In a recent blog, I suggested that patience and technical indicators were key in buying gold. I suggested that the moment had not yet arrived to make this investment again. This week there were announcements from Bankers in parts of the world that they were adding to their gold purchases. Bankers...
The Volatility of Gold Some months ago we cautioned readers that investing in gold at that time was quite a risky thing to do, as it was an even bet as to where gold would head. We suggested that the reader could flip a coin as to whether to invest or not and strongly urged...