Fight Back

By Larry LaBorde, GoldSeek If you are tired of the Wall Street bankster bailout program at taxpayers expense but feel helpless to do anything about it then keep reading.  If record profits for the big six banks (and big bonuses for the executives there) that took your tax dollars makes you wonder exactly who is in [...]

Banks with political ties did best with bailouts, study concludes

By Steve Eder, Reuters NEW YORK — U.S. banks that spent more money on lobbying were more likely to get government bailout money, according to a study released on Monday. Banks whose executives served on Federal Reserve boards were more likely to receive government bailout funds from the Troubled Asset Relief Program, according to the study [...]

Historic Ghosts Reappear

By Roger Wiegand, Kitco We are constantly reading and comparing current economic fundamentals and market action with similar historic experiences in the U.S. Today we discuss key points with eerie similarities to other troubled times. This discussion will get you thinking. As someone once said, “History never repeats exactly but certainly rhymes.” What we envision [...]

American Gold Bullion

Even though multitudes of American investors have lost faith in Wall Street and our nation’s banking system, they can still show their patriotism by purchasing American gold bullion, as they convert their wealth into precious metal diversification. Traditional investments in stocks and bonds have had their overextended course of contrived prosperity, now it’s time to [...]

BANK CLOSINGS SURPASS 100

October 23, 2009 Bank closings for the year have surpassed 100 as regulators shut down small banks in Florida and Georgia. The FDIC took over Partners Bank in Naples, Fla. American United Bank in Lawrenceville, Ga., also failed. They boosted to 101 the number of bank failures so far this year. Read more….

Gold May Have More Price Support now Than at any Time Since 1989

The Daily Reckoning The central banks of the world are changing tune. Since 1989, the banks have been net sellers of gold reserves, meaning that as a group they have sold more than they have taken in. This is an important point because the large gold sales of central banks tend toward lowering the spot [...]

Watershed Moment for Government Intervention in Private Sector

October 22, 2009 The U.S. Treasury and the Federal Reserve unveiled a set of curbs and rules for executive compensation at U.S. banks that mark a watershed moment for government intervention in the private sector. The Fed is proposing that it more aggressively regulate compensation practices at U.S. American banks under its control. The central [...]

The Golden Road Out of Financial Crisis

The Daily Reckoning “Who goes borrowing, goes sorrowing.” – Ben Franklin Today’s reckoning is going to be short. We’re on the road again…this time to Ireland where our Family office is headquartered. The quote above comes from one of America’s founding fathers. But it was recalled to us neither by America’s president, nor America’s secretary [...]

Kolkata banks confirm surge in gold sales during Dhanteras

Sales of gold items surged by over 30 per cent in the Indian city of Kolkata during the Dhanteras festival on October 15th, according to local banks. The State Bank of India said that it had seen a 50 per cent leap in gold coin sales, while ICICI Bank registered a 20 per cent year-on-year [...]

US Hyperinflation?

The Daily Reckoning The finance ministers of the Eurozone met yesterday and they’ve tried to stem the euro’s (EUR) rise… But they’ll need more than words to get the job done! And so we begin a new day… Front and center this morning, the currencies – which had given background overnight to the dollar – [...]

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