Contributed by Glen Downs; From Capital Hill Now that the federal debt and spending cans have been kicked down the road until after the first of the year, a number of people have contacted me to see if the recent showdown will be repeated when the next days of reckoning occur. In this case, while […]

QUESTION: In regards to your recent collector’s market comments, are you saying that the collector’s  markets that have international backing will perform or outperform other sectors on a return on capital basis? Whereas the domestic collector’s market , like Morgan dollars, will under-perform,  if not be crushed by the contracting disposable income (deflation) in the […]

The United States was originally established with part-time politicians. Once they turned it into a full-time job, they get bored and write laws just to have something to do. Where Utah made it a crime to order a drink BEFORE you order dinner I suppose because some politicians must have gotten so drunk he forgot […]

From JP Morgan: Due “to the new regulatory requirements you can no longer send foreign currency/foreign wires out of an individual brokerage account. Therefore, we will no longer be able to facilitate this for you unless the account is in entity name. This is all governed under the REG E (Dodd Frank) if you have […]

Detroit is an example of the entire financial crisis with regard to the state workers and their pensions. For every person that retires, the state replaces them and this is driving the cost of government up exponentially. Reuters reported that the investment banker dealing with the restructuring experience of the city, told the court “the […]

  A number of people have been inquiring about coins as an investment for parking money. Keep in mind that the best market for coins or stamps tend to be the country of origin. Thus, US coins will bring the highest prices in the USA just as German will bring the best price in Germany. […]

The Washington Post has noted that Obama was opposed to raising the Debt Ceiling back in 2006. Here is his actual speech. March 16, 2006 CONGRESSIONAL RECORD—SENATE S2237-2238: “Mr. OBAMA. Mr. President, I rise today to talk about America’s debt problem. The fact that we are here today to debate raising America’s debt limit is […]

QUESTION: First, thank you for your insights on the economy and investing.  Your track record is amazing and I’ve come to rely on your views as an accurate lens of perspective towards our current and upcoming troubles. I have a basic question about the upcoming hyperinflation… If we experience a bout of hyperinflation similar to […]

One of the things that the hard money crowd overlook is the dollar and oil. In fact, Russia and many other OPEC countries have often used oil as a political weapon. To a large extent, they became masters of the world behind the curtain. However, the USA began to wiggle free and is now possibly […]

The view of the American budget crisis from outside the USA is one that is blaming Wall Street and the banks and calling for the next crisis to be the final meltdown of Capitalism. This view is rising around the world. The fact that it is just pushed off into January with the funding ending […]