In the recent months, foreign and domestic investors alike have been stocking up on long-term U.S. treasury bills in record numbers, causing a 19.9% surge in the prices of the treasury bills in a single month. (If you’re not sure why that percentage is so significant, you can find more information in my article called [...]
Posts Tagged ‘Ron Wellman’
Many investors still don’t see gold as being a wise investment option, mainly because they just aren’t aware of its true worth. After all, we haven’t used gold as a currency for many years, so people are putting their faith in our current currency of choice: the dollar bill.
There are some that do realize the [...]
We all know that the U.S. economy is in trouble. But are you aware of the full extent of the current economic crisis? Basically, in recent months the government has loaned, invested or promised $7.8 trillion not only to failing American institutions but to struggling banks outside U.S. borders.
$7.8 trillion is an obscure number for [...]
David Walker, the comptroller general of the United States, is worried about our economic future. In fact, he believes that America is suffering from a fiscal cancer that could result in tragedy if left untreated. Ultimately, he says, the United States will barely be able to pay the interest on its mounting debt, making barely [...]
Unless you’ve been hiding under a rock lately, you’re well aware that the American economy is struggling, to put it mildly. American families are losing their homes in alarming numbers and the government has dug itself into a hole of debt that it may never be able to climb out of.
Thanks to our unfailing use [...]
According to Larry Edelson, higher taxes are not going to be the largest cost of the $700-billion bailout package that was recently approved and implemented by Uncle Sam. He believes that your biggest concern should be the “sheer destruction of the purchasing power of your money, an outright devaluation of the dollar that’s going to [...]