Gold

Gold Hits Record Highs

It’s amusing to me that we live in such times of deception where people try to deny blatant truths. It’s just amazing that the government can claim our economy is out of recession when unemployment has risen this year from 8.8% to 9.2% and housing has double dipped. Coming out of recessions, we are supposed to be experiencing explosive growth;  not average growth, not below-average growth, but explosive growth. If…

Understanding Unintended Consequences

As you get older and start thinking more, you realize there are more layers to even seemingly straightforward problems. When you are young, solutions are simple: If drugs are bad, we should make them illegal and put people in jail for using them. Or if we need to raise revenue, we should raise taxes on everyone, especially the rich. Perhaps this is the logic behind the saying, “If you are young…

More Confirmation of Economic Weakness

We received more sobering economic news today with the weaker than expected  jobs report. The unemployment rate of 9.2% is the highest of the year, which is news to me since our economy “officially” came out of recession 2 years ago. Employment in government fell for the 8th straight month, which is all part of the inevitable collapse of the public sector. This is bad news for our economy since…

Why Stocks Won’t Crash

It seemed like only a week ago when permabears were predicting the appearance of a new bear market that would take out the lows of 2009. The variables all seemed to be there: Greek debt crisis, inflation from higher commodity prices, and worsening economic data in the U.S. Most economic observers believe these kind of variables lead to lower stock prices. As you can clearly see, this is not the…

Some Thoughts On Freedom

In honor of Independence Day and the heroic founding fathers who fought against tyranny, I want to talk about the subject of freedom. I believe we need more voices of reason, like Ron Paul, in these crazy times, and I have no problem being one of these voices. A lot of people live their lives in fear of speaking the truth, but I could care less. No one has any…