The Obama budget passed last week on a straight party line vote. The deficit for 2009 is projected to be close to $2 trillion. The deficits projected in later years are expected to be smaller due to an economic recovery. Proponents of the bill believe the deficit will be reduced due to increased tax revenues [...]
I have been building up a sizeable silver position lately. The reason I am buying silver is the main reason many are buying gold, as a hedge against inflation and the dollar value destruction.
Congress and Obama are piling up record deficits and causing our debt/GDP to soar. I do not believe we will be out [...]
In Peter Schiff’s excellent book, Crash Proof, he noted that the Dow Jones index and the price of gold had a 1:1 ratio near the bottom of two epic bear markets, the crash of 1929-1932 and the stagflation crisis of the early 80’s. Given America’s soaring debt/GDP ratio, our crumbling economy and inept government action, [...]