Peter
After The Crash, A Revised Outlook On Gold And Silver. For those who haven't entered the gold market, or for those looking to accumulate more, now is the best time to buy (although a reversal from here should emerge soon; if new lows are established, this view will need to be re-evaluated). The recent crash has not altered the underlying fundamentals one iota, and in fact a periodic retracement helps push short-term speculators purchasing with leverage out while allowing cash buyers to come in. The solution to the global debt crisis is debt restructuring -- not adding more debt to pay off existing debt, which is what the various forms of bailouts led by central banks do; Bernanke's Operation Twist is simply more use of words/propaganda to mask the fraudulent nature of contemporary monetary policy, and the same can be said for the Stabilization Fund talks in Europe.
As for silver, the prognosis is a bit gloomier. The recent crash hit silver MUCH harder; while trendlines remain intact for gold, the same cannot be said for silver. Capatlism. Economics. Euro zone struggles to stem crisis; Obama urges action. The Depression Of 2011? 23 Economic Warning Signs From Financial Authorities All Over The Globe. Could the world economy be headed for a depression in 2011? As inconceivable as that may seem to a lot of people, the truth is that top economists and governmental authorities all over the globe say that the economic warning signs are there and that we need to start paying attention to them. The two primary ingredients for a depression are debt and fear, and the reality is that we have both of them in abundance in the financial world today.
In response to the global financial meltdown of 2007 and 2008, governments around the world spent unprecedented amounts of money and got into a ton of debt. All of that spending did help bail out the global banking system, but now that an increasing number of governments around the world are in need of bailouts themselves, what is going to happen? We have already seen the fear that is generated when one small little nation like Greece even hints at defaulting. The truth is that we are facing the greatest sovereign debt crisis in modern history. Global financial crisis: five key stages 2007-2011 | Business.
A trader at the New York stock exchange. The last four years have seen five key stages of the global financial crisis, with more likely to come. Photograph: Brendan Mcdermid/Reuters 9 August 2007. 15 September 2008. 2 April 2009. 9 May 2010. 5 August 2011. From sub-prime to downgrade, the five stages of the most serious crisis to hit the global economy since the Great Depression can be found in those dates. Phase one on 9 August 2007 began with the seizure in the banking system precipitated by BNP Paribas announcing that it was ceasing activity in three hedge funds that specialised in US mortgage debt. Nobody knew how big the losses were or how great the exposure of individual banks actually was, so trust evaporated overnight and banks stopped doing business with each other.
It took a year for the financial crisis to come to a head but it did so on 15 September 2008 when the US government allowed the investment bank Lehman Brothers to go bankrupt. There is no happy ending to this story. » Michelle Obama - Big Government.