Don’t Bet on a Recovery

Illustrated by Paul Zanetti

This is a great article by Peter Schiff who is currently running for senate and also one of the few people to have correctly called the stock market crash before it began in late 2008. It briefly talks about why we are not in a “recovery” and why we won’t be any time soon.

Ed Yardeni’s ‘Wall of Worry’ is a Scary List

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Some of you may recall me saying that there are a lot of variables that could tip the market over on its head. Well Ed Yardeni has made a pretty comprehensive list. Personally I think the BIG CRASH will be sparked by either #1, 4, 7 or 9… but all of them are definately possible.

Peter Schiff on CNBC’s Fast Money: Own Gold Forever?

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Peter Schiff talks about his prediction and expectations on gold.

Don’t go wobbly on us now, Ben Bernanke

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As some of you know, a large majority of the states in America are currently bankrupt or on the tip of collapse. By law, states are not allowed to run deficits so they are forced to cut government run programs, services and jobs in order to balance out their budget. This article talks about how bad its getting in several key sates around the country including Illinois, Florida, Arizona, Michigan, New Jersey, Pensylvania, New York and California.

Investing 101: What’s it all about?

Monty Brinton/CBS

Ok so this article is reserved for those brand new investors out there who have decided to take a stab at managing their own savings but have absolutely NO IDEA where to start. As we go along I’ll basically give you a general idea of what investing is all about and what to expect.

Are We Inching Closer to the End of Swiss Banking Secrecy?

hans-rudolf merz

So the Swiss as of late have been getting a lot of pressure from the US to relinquish the names of US-based citizens who own foreign bank accounts. You may have seen in the past a headline about the Swiss giving the US a list of names of people who have foreign accounts but that decision was halted as it went against the Swiss banking laws.

A Look at the Markets

INO-05mar10

This is a brief look at various US stock markets and possible key
indicators which you may want to look out for that could result in a
correction in the market.

Forget US Stocks—Buy Gold Every Month ‘Forever’: Faber

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This is a video of Marc Faber addressing his predictions for the EURO and US markets. He also suggests investors and normal people should look to perceive their wealth by investing in gold on a monthly basis. Gold is one of very few assets in the world which a person can use to hedge themselves against the constant devaluation in world currencies.

Citigroup Announces a 7 Day Restriction On Bank Withdrawals

Mary Altaffe/AP Photo

If this isn’t a warning that something may be coming, I really don’t
know what is.
“Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts. While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change.”

Upcoming Canadian Housing Collapse Similar to US?

Canada Debt to Disposable Income - National Bank - Annotations by America Canada

If you own a house, thinking about selling or you’re looking to buy… I HIGHLY recommend you pay close attention to this article.
“We are in the midst of passing the USA in debt-to-disposable income. The horizontal yellow line marks what level of debt the USA was at when their credit crisis began. Canada will pass this point by mid 2010.”