The Dodd-Frank bill stipulates that, in the event of a bank failure, the derivative holders will be paid off first and the account holders will be unsecured shareholders in the bank. This bail-in would wipe out our accounts. How would such a …
I just finished reading both the Harbinger and the Shemitah, by Jonathan Cahn. WOW! Do yourself a favor and pick up those books. I then followed those with another book Jesus, Jihad and Peace, by Michael Youssef. If you want to understand …
There is much confusion and misleading information being presented regarding the changes to the monetary framework. The more this process is understood the more people can prepare and financially plan. With yesterday’s announcement from the IMF that a recommendation has been made …
Canadians Version of David Letterman’s Top 10. Just makes you want to shake your head in disbelief, and, just maybe choke someone in charge. This is Canada ‘s Top Ten List of America ‘s Stupidity: Of course we look like idiots …
Shock of all shocks, the IMF announced the Chinese yuan will not be admitted into the SDR until at least Sept. 2016. http://www.bloomberg.com/news/articles/2015-08-04/imf-says-more-work-needed-before-yuan-reserve-currency-decision What exactly does this mean? I can tell you the gold community is so shell shocked and fearful at this …
The classic – I told you so!
A friend of mine, Dan Lindsey, suggested I try something new this year to celebrate the Birthday of the United States. She suggested getting everyone around the table and then reading the Declaration of Independence or the Constitution and discussing how blessed …
The Greek situation just hit its boiling point… Last week, we told you that Greece was ready to erupt. It owes lenders €240 billion ($260 billion) that it can never repay. Greece defaulted yesterday when it missed a €1.6 billion ($1.72 billion) …
Forecasting the world economy and markets becomes possible only when approached on a stoic unemotional basis from an international perspective. Trying to forecast a single market is dangerous as everything is interconnected on a global scale. Personal opinion has no place in …
By JC Collins Now that current events are confirming the analysis which has been developed here over the last year and 2 months, it’s time to move forward and understand the broader ramifications of what these changes will mean for the monetary …