In a recent flashback, we detailed some predictions and statements made by government officials regarding the solvency of the FDIC and the US banking system. If you reviewed the prior post, you’ll note that our officials often make predictions that fail to come...
Citing problems with supply, the US Mint has stopped selling gold and silver coins, even though it is against the law to do so. From Project Mayhem at Zero Hedge: In another case of “color me unsurprised” the US mint has halted sales of gold and silver...
On Sunday November 22, 2009, Peter Schiff joined St. Louis Fed President James Bullard and former Fed Vice Chair Alan Blinder at an event in New York. Business Today was there to record the event. Quite an entertaining debate, though we would have loved to have seen...
Trends Journal trend forecaster Gerald Celente on KFI AM’s John and Ken Show November 24, 2009. “Wall Street’s being fueled by speculative money, because of historically low interest rates that the Federal Reserve is pumping into their friend’s...
The city-state of Dubai announced yesterday that they would not be able to pay the interest on their debt. Dubai, you may remember, saw explosive growth in real estate from 2001 to 2007, but when Real Estate Bubble Wave 1 popped, thousands of investors and residents...