Keep the faith
Stocks dipped a little today, and gold and gold stocks were worse, on Fed minutes indicating no imminent QE3.
Sure, we could get a brutal correction this year in stocks, gold, or both. You could argue Bernanke needs a bad correction politically before he can fire up the printing presses again.
But keep your eye on the horizon. Long term, there's no way the $15 trillion (and counting) in debt can ever be paid back in sound money. Nobody can afford sound money -- not homedebtors, not the banks, and certainly not the federal government which wouldn't be able to make interest payments without slashing Social Security and Medicare.
Therefore, there will be no sound money. Devaluation is the only way out. Real assets for the long run.
Gothamist : A 58-year-old taxi driver killed himself in his Queens home this month, marking the eight suicide in the taxi industry this yea...
Thanks, CNN and NY Times, for working these nutjobs into such a lather. OpenSecrets.org on Judy Munro-Leighton,the woman who admitted lyi...
I'm a huge Ric Edelman fan. I'm a regular listener of his radio show and believe he's made a huge positive contribution to the f...