by Mac Slavo | Nov 27, 2009 | Headline News, Precious Metals
Citing problems with supply, the US Mint has stopped selling gold and silver coins, even though it is against the law to do so. From Project Mayhem at Zero Hedge: In another case of “color me unsurprised” the US mint has halted sales of gold and silver...
by Mac Slavo | Nov 27, 2009 | Headline News, Precious Metals
The city-state of Dubai announced yesterday that they would not be able to pay the interest on their debt. Dubai, you may remember, saw explosive growth in real estate from 2001 to 2007, but when Real Estate Bubble Wave 1 popped, thousands of investors and residents...
by Mac Slavo | Nov 27, 2009 | Headline News
Flashback: On January 15, 2009, the head of the Federal Deposit Insurance Corporation, Sheila Bair, insisted that deposits in American banks were secure: “The FDIC will never go broke. We are still running at a surplus, our reserves seem to be quite fit for the...
by Mac Slavo | Nov 26, 2009 | Headline News
The Black Swan Theory is used by Nassim Nicholas Taleb to explain the existence and occurrence of high-impact, hard-to-predict, and rare events that are beyond the realm of normal expectations. One example often put forth by Taleb is the life and times of the...
by Mac Slavo | Nov 25, 2009 | Headline News
Tom of the North, over at Outside the (Cardboard) Box, put together a list of ten tips, inspired by CNBC, to get out of debt in his most recent post Giving Thanks for CNBC: As I was researching a post for ways our readers could economize on this year’s Thanksgiving...
by Mac Slavo | Nov 24, 2009 | Headline News
SHTFplan contributors opined about the 2009 holiday retail season in The Recession in Pictures, with many coming to a similar conclusion to Alan Cohen, Chairman of Abacus Advisors. From An Unbiased View of The Holiday Shopping Season: Deep concern about both the...
