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June 17, 2015
The word from the Hill is very interesting. The minority conservative Republicans are starting to revolt against Boehner – the destroyer of the Republican Party. If there are two of the worst possible people we could ever have in politics, it is Obama and Boehner. The word around the Hill is that this may be […]
June 17, 2015
As a result of Title XIV of The Dodd-Frank Wall Street Reform and Consumer Protection Act, the Consumer Financial Protection Bureau (another agency to complicate matters) issued a number of mortgage related rules that are not actually voted on by Congress. They will impose far more paperwork and raise the cost of mortgages, while the Dodd-Frank […]
June 17, 2015
COMMENT: Hi Martin, Long time follower. I just bought a house in TN and I had the experience of proving where the money from a Vanguard account transferred into my checking account came from. The lender would not accept the Vanguard or bank account statements. I had to go to the bank and actually get […]
June 17, 2015
King John was forced to sign Magna Carta because he abused his powers and used the law to extract fines. That is why the revolt demanded trial by jury. Well, history repeats. Governments are abusing those same powers and are using the laws to harass people everywhere. Never rent a car in Europe. They will send you […]
June 17, 2015
The European Central Bank (ECB) may buy government bonds of member states to rescue the euro, according to the European High Court. This is in direct contrast to the German Constitutional Court, which rules that it violated German sovereignty. “The program does not exceed the monetary powers of the ECB and is not contrary to the prohibition of […]
June 16, 2015
Under Construction Glossary of Money Terminology Historical Outline The Origins of Money Primitive Period Evolution of Banking Birth of Coinage 700-550 BC 550-450BC 450-350BC 350-250BC Great Empires Greece (Mint Marks of Alexander the Great) Egypt Carthage Judaea Roman Empire Republic Imperial Rome By Emperor (Roman Mint Marks) Empires of the East Byzantium India Persia Syria […]
June 16, 2015
The precious metals are still pointing lower into our Benchmark targets. Indeed, the hunt for money by government is becoming so severe we may see the second Benchmark complete the decline, rather than the first. So be prepared for that development. The hedge funds are starting to sell again, keeping in sync with the charts. […]
June 16, 2015
Since 1985, I have warned that the Big Bang was coming 2015.75. Here is the slide from our 1998 World Economic Conference (WEC). This target is the culmination of 51.6 years from the first break in the Bretton Woods Monetary system – 1964.15. So what was 1964.15? That was the end of silver coinage. The […]
June 16, 2015
If you apply for a mortgage, you will suddenly encounter the REAL hunt for money. My sister just bought a house and to get the mortgage she had to explain every deposit and cash withdrawal in her account going back five years. My mother had simply written her a check for $400 to reimburse her for picking […]
June 16, 2015
John Boehner, Mr. Ultimate Establishment Republican, is desperately trying to secure the passage of Trade Promotion Authority (TPA) for Obama, which would give him fast-track authority to secure congressional approval of at least three secretive trade deals without the public having a right to know what the hell is going on. Why is Boehner so willing […]