Saturday, November 9, 2013
Tuesday, August 20, 2013
140 Years of Monetary History in 10 Minutes...
Oh, that great invention to scam off other people's work and production: Fiat Currency.
Friday, May 3, 2013
Housing Market Bouncing Back?
The Great
Greenspan Depression of the Millennium virtually destroyed Middle Class
America and the US housing market. The Federal Reserve's massive destruction of
jobs and the
transfer of wealth from the illiquid unlucky to the liquid lucky
caused worldwide chaos and opened opportunities to those with the right inside contacts
in Wall Street or the "lucky ones" able to somehow maintain
liquidity.
But what comes down too much also does come up eventually...
The following chart provides some perspective on the
single-family home market. It presents
the median single-family home price divided by the price of one ounce of gold.
This results in the Home Price / Gold
ratio or the cost of the median single-family home in ounces of gold. For
example, it currently takes a relatively low 116 ounces of gold to buy the
median single-family home. This is dramatically less than the 601 ounces it
took back in 2001. When priced in gold, the median single-family home is down
74% from its 2001 peak.
Since making new 32 year lows last year, home prices (priced
in that other global currency - gold) have worked their way higher. In fact,
the median single-family home priced in gold has just broken above its eight-year,
downward sloping trend channel.
Sunday, November 11, 2012
The Fiscal Cliff and Government Waste: A Clear and Present Danger
Watch this chilling clip illustrating the direction our Country is heading as a result of the corruption of the electoral process. The Great Greenspan Depression of the Millennium has only emphasized the effects which have been coming for over a decade, culminating in the Supreme Court's "Citizens United" Decision which gave tacit approval for corporations to purchase Congressmen and other politicians in power. When taxpayer funds are used not to improve infrastructure or the well-being of the citizenry, but rather used to pay back favors to special interest groups a Country begins to self-destruct.
Entrepreneur, former Fortune 500 senior executive, semi-retired at the age of 39 after founding and growing several businesses in High Technology, Management Consulting and Manufacturing.
