Dollar Collapse

German Finance Minister: Federal Reserve Losing Credibility

German Finance Minister Wolfgang Schäuble said in an interview with Spiegel Online that Ben Bernanke and the Federal Reserve are losing credibility in relationship to fiscal policy. Schäuble also significantly pointed out something most media don’t understand or report on, and that is the Federal Reserve is manipulating their currency as much as China allegedly is when it debases the U.S. dollar

Continue Reading »

That Rumbling Sound Is the Dollar Giving Way

That Rumbling Sound Is the Dollar Giving Way

For nearly twenty years, we haven’t flinched from our prediction that the massive debt build-up of the last generation would precipitate out as a deflationary bust. That is what we still expect, although we now believe there is likely to be a hyperinflationary phase at some point as the financial system implodes. But the bottom line is that no matter how things play out, America’s standard of living will fall more steeply than at any other time since the Great Depression. As for the deflation-vs.-hyperinflation “debate,” it is useful only to the extent it helps predict how mortgage debtors will fare as this economic cataclysm plays out. We seriously doubt they will be “saved” by the kind of hyperinflation that would put hundred-thousand-dollar bills in Joe Homeowner’s wallet. Imagine how mortgage lenders would react if Joe could peel off three or four of those bills and say, “Okay, pal, we’re square.” This scenario will seem particularly unlikely to those who believe that these economic hard times have been engineered by Masters of the Universe intent on stealing our property. Trust us on this: If there’s a hyperinflation, it is the rentiers who will get screwed most ruinously, not the little guys. Even so, that doesn’t rule out the prospect of a fleeting, hyperinflationary spike on the way down, since widespread notions concerning the dollar’s true value could change precipitously overnight. We mention this because notions are already beginning to change in ways that leave the dollar increasingly vulnerable to a global run. The exploding caldera of fear that will eventually bring this about bubbled to the surface yesterday when the Fed confirmed yet again that it is absolutely clueless about how to get…

Continue Reading »

Silver Questions: What Bullion Types to Buy? Bullion or Coins …

Filed in Bank Gold, Dollar Collapse, gld, Gold, Gold Eagle, silver by on April 21, 2010 0 Comments

… and then diversify into junk silver, silver eagles, gold bars, gold eagles, and then also have some stored away and some in a paper format like stocks (SLV, GLD, CEF, gold miners, etc.) Then have 25% cash, 25% bonds, 25% stocks if you want to diversify. … Half dollars, quarters, and dimes were made with 90% silver. Those are nice fractional denominations which will make bartering a bit easier if the dollar collapses and currency goes back to silver and gold bullion . …

Continue Reading »

Gold Top Performer for Decade

Gold Leading Investment Over Last 10 YearsWith the last decade experiencing some tough economic times, the price of gold and the attraction of gold as a place of safety has encouraged investors to place their money in the yellow metal, which has resulted in it becoming the best performer over the last 10 years, generating profits of 277 percent during that time.Other metals performing strongly

Continue Reading »

Gold & Silver: silver coins sales are stronger than ever David …

silver gold precious metals bullion dollar collapse market crash economy china obama bernanke federal reserve inflation deflation finance stocks david morgan jim puplava peter schiff max keiser marc faber cramer JIM ROGERS SILVER EAGLE …

Continue Reading »