Tue, 26 June 2012
www.FinancialSurvivalNetwork.com presents Danielle Park of www.JugglingDynamite.com fame was with us to talk about the end of money printing throughout the world. She believes the world's central banks are coming to their senses and the overspending and overprinting will soon be over. My personal opinion is never count on a politician to do the right thing, especially when votes and re-election are hanging in the balance. It would be a wonderful thing if just this once, sanity prevailed over politics. It might be a first, but stranger things have happened, as when the New York Mets beat the Baltimore Orioles in the 1969 World Series. While I believe that my position is the more likely, I will defer to Danielle with the proviso that I want to see proof of this event when it happens. Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets.
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Tue, 26 June 2012
www.FinancialSurvivalNetwork.com presents Jason Burack believes the Euro will survive in some form, although it may be composed of different countries than at present. While the problems do seem intractable with no political will to solve them, perhaps after dropping Spain, Greece and a few others, it can continue its beleaguered existence. But don't count on it. Italy has larger debt problems than any other European nation, but for Greece. They have a tremendous amount of debt that must be rolled over in the next year. And if the money isn't freshly printed out of thin air by a willing central bank, then where will it come from? While a noble experiment, conceived to lessen their dependence on the dollar, it is ironic that they're now completely dependent upon the Federal Reserve to keep the scheme alive. No matter what happens, the Euro is not going to become another reserve currency. Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets.
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Tue, 26 June 2012
www.FinancialSurvivalNetwork.com presents Ranting Andy believes that the days of unfettered money printing and Quantitative Easing to Infinity are rapidly coming to an end. And it's not because the central banks are unwilling to deliver unlimited amounts of freshly minted currency units, but rather that these actions have become less effective. When the Fed or the Plunge Protection Team prop up the Dow, their actions now last for a day or less. Their ability to affect markets and outcomes is diminshing. However, don't believe they're going to go out with just a whimper. As they get more and more desperate, their actions will too. And that's the giveaway that the end is near. But until then, treat them as you would a wild animal that's been cornered-a threat until it's been caged or eliminated. Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets.
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