Written by Damon Geller
Now that the Fed has announced they will not taper their enormous stimulus program, it's more obvious than ever that a few powerful men have hijacked our economic, financial and political structure. And here's a news flash: They aren’t socialists or capitalists. They’re criminals. The Fed's decision to continue buying $85 billion worth of toxic banking assets and U.S. debt per month means the money-printing factory has just gone into high gear. Not only can you say goodbye to your paper-based savings and retirement, but the Fed just guaranteed $9 gas and $3800 gold.
Written by Adam Gruen
Like it or not, we have now entered the era of the Patient Protection and Affordable Care Act (ACA), more commonly known as Obamacare. And while conservatives and liberals debate whether Obamacare is good or bad for the nation's healthcare needs, there's one bystander who simply couldn't care either way: gold. That's because, regardless of whether Obamacare actually solves any U.S. healthcare problems, medical costs in the United States are going to saddle this country with a boatload of new debt, and there's no bigger fan of debt than gold. After Obamacare was passed, the U.S. Treasury projected the national debt to hit $28 trillion by 2018, putting gold at an estimated $3800/oz. at that time.