Fri, 9 March 2012
There are so many things going on in the world that it is virtually impossible for any one person to keep track of them all. Between Greek debt defaults, Portugal's on-going implosion, the debt bubble inflating at an unsustainable rate, to name just a few, we're all facing information overload. Fortunately, Ty Andros stays up late nights sifting through numerous sources to keep up better than just about anyone out there. We are fortunate to be able to review the most important and urgent events every Friday with him. Today, we covered Japan's upcoming debt implosion, Greece's never-ending debt default tragi-comedy, the Euro and ECB's juggling act, the dollar's effect on it all and much more. Subscribe to the weekly newsletter at KerryLutz.com to receive a copy of Ty's charts which help make it much easier to grasp.
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Fri, 9 March 2012
A trip to Home Depot this weekend revealed the shocking news that while some incandescent (Edison) bulbs are still available, our choice of bulbs has come down to: awful compact fluorescent bulbs that are hazardous to the environment and cost more; halogen bulbs, which cost many times the price of a regular bulb; and, the new and improved $50 LED bulb. While the LED bulbs are cool, 50 bucks is an outrageous price to be on the bleeding edge of technology. And for what purpose, to cut power consumption to stop non-existent global warming? I hope you're as outraged as I am. While we're on the topic of the government screwing everything up, the Chevy Volt is truly a tragedy. Government intervention and plain-old bad marketing have turned a technological masterpiece into a product failure. My personal opinion is that when gasoline hits the $6 per gallon level, this car will reinvent itself and turn into a major best-seller. But, the damage to Government Motors and American technological prowess has already been done. Please fill out the subscription box at KerryLutz.com to instantly receive your free Financial Survival Toolkit & weekly gold and silver newsletter.
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Fri, 9 March 2012
Julian D.W. Phillips of GoldForecaster.com and SilverForecaster.com acclaim has a long memory. He's been actively involved and profitting from world financial and metal markets since 1971. He's one of a few who has vivid memories of the last gold bull market and subsequent gold bear market. Being an international financier, he has a unique perspective that many Americans and Westerners will find disquieting. With talk of gold confiscation in the air, Julian believes the US Government might want your gold because they will need it to pay back Germany and other allies. The US has been storing their gold in New York and other places for many years. There are legitimate questions as to whether they will be able to return that gold, if so demanded. If the answer is no, then at that point, gold will take off to the moon, and there will be serious repercussions. Since there is no transparency on the issue of US gold holdings, we are all left to speculate. But, one must wonder why the Fed refuses to end the rumor mongering once and for all. And yes Virginia, gold really is money, now and forever. Please fill out the subscription box at KerryLutz.com to instantly receive your free Financial Survival Toolkit & weekly gold and silver newsletter.
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