Britain 3 Hours Away from “Going Bust”

Posted on January 27, 2009 by Scott

This from Britain’s Daily Mail newspaper: Britain was just three hours away from going bust last year after a secret run on the banks. This wasn’t revealed until Jan 24, 2009 by one of British Prime Minister Gordon Brown’s ministers. City Minister Paul Myners disclosed that on Friday, October 10, the country was ‘very close’ [...]

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US Mint Clamps Down on Gold

Posted on January 27, 2009 by Scott

U.S. Mint Actions Discourage Gold Ownership [link] Over the past several months, the United States Mint has announced a series of actions and policy changes that make it more difficult for the average individual to buy gold. There have always been plausible or semi-plausible explanations, but the consequence of each action has been to limit [...]

Filed under: Silver & Gold | Tagged: , | 1 Comment »

1929 Redux: Ben Battles the Bear

Posted on January 27, 2009 by Scott

Look at this chart by Mark Lundeen. It compares the 1929 “bear” depression with what’s happening NOW. He synchronized the market tops for both events. Pithy comments from Mr. Lundeen: This bear is the most volatile market in the 124 year history of the DJIA. So why isn’t the DJIA below the 1929/32 bear’s valuation [...]

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