Posted by rahrens_1 on April 04th 2013
He’s basically saying that everyone should agree to confiscation so money can’t jump from country to country. No one can say they haven’t officially been warned… See article here.
Posted by rahrens_1 on April 03rd 2013
No wonder they are pushing gold down so much. They don’t want to have to pay out any more cash than they have to in order to cover these obligations. See link here.
Posted by rahrens_1 on March 27th 2013
This is scary but not terribly surprising… The official 2013 Canadian budget contains an explicit provision that Canada will pursue the bail-in model for systemically important banks for future bank failures! Titled ECONOMIC ACTION PLAN 2013 From Plan 2013 Page 144: (pg 154 of pdf) “The Government also recognizes the need to manage the risks [...]
Posted by rahrens_1 on March 23rd 2013
This is conjunction with 10,000 uber rich being left holding the bag will definitely put a price on the Cyprus presidents head but will also cause all the rich to flee Europe. Hope other European banks are ready… See link here.
Posted by rahrens_1 on March 16th 2013
Sinclair says this IMF taking of up to 10% of deposits are mainly Russian deposits and could have significant impact on gold. See link here.
Posted by rahrens_1 on March 16th 2013
Innovative way to bailout banks… See link here.
Posted by rahrens_1 on March 13th 2013
He has some great insights, some interesting points he makes. He see’s the yen going to 250, he also thinks the best investment he’d make where you could go away and leave it for 10 yrs, is buy gold, short the yen. See presentation here.
Posted by rahrens_1 on March 05th 2013
The sad part is the perception the average person has…
Posted by rahrens_1 on March 04th 2013
Seems there was quite a turn out of protestors of austerity in Portugal. The report below implies, anywhere from 500,000-900,000! The population is only 9.8 million, Implying 1 in 10 were on the streets… See link here.
Posted by rahrens_1 on December 10th 2012
A smart money managers greatest fear, inflation. See article here.