Author: James Wesley Rawles

G.G. sent this: Rogers Renews Bets U.S. Stocks Will Slump on Rescue. From Brian F.: 25 People to Blame for the Financial Crisis: Bill N. set a link to a speech transcript where a US Senator has the guts to point out the pork in the Stimulus Bill. OBTW, it is no wonder that the omnibus spending package is now widely referred to as The Porkulus Bill. Items from The Economatrix: FDIC Shutters Four Banks in One Day Home Prices in Record Plunge in Q4 Economic and Financial Systems Deliberately Destabilized. A key quote: “There probably won’t be bank runs …

JWR: Christopher W. asks a very good question, “should you buy gold and silver coins as an investment?” I think this brings up the point that there are really two uses for gold and silver, as an investment and store of value and as a barter/trade item to facilitate commerce. Unless you want to overpay for an item, you will need change, which for every day purchases is provided by smaller silver coin. A friend on Wall Street put it this way “what are you going to do, chip a piece off a gold brick to buy some food?” Smaller …

It is noteworthy that spot silver and gold prices have remained fairly solid near their six-month highs, despite the IMF’s saber rattling move of announcing 403 metric ton sale of gold.: This is evidence that wise investors have not been fooled by all the governmental and bankster blustering and that they will continue to shelter more of their assets in tangibles. “The Other Jim R.”: flagged this must see: video link: ‘Worst economic collapse ever’. (Don’t hold back, Mr. Celente, tell us how you reallllly feel!) For those readers that don’t have a fast Internet connection, Matt B. mentioned that …

James Wesley, I’d like your input regarding the purchase of gold and silver coins from third party vendors. Instead of paying $1,000+ for a single gold coin of one troy ounce. I’d like to buy ten 1/10th troy ounce gold (or silver) coins. I feel smaller denominations of “hard” currency promote better trade/purchase power. I have noticed in a multitude of Gun/Survival forums/magazines various companies that offer coins that are not directly from the U.S. mint but are [in smaller fractional sizes] than what you normally purchase from the US Mint. I can foresee having a handful of one troy …

From the most recent issue of The Appenzell Daily Bell comes an article that details both banking peril and some blatantly revisionist editing: European Commission report says $25 trillion in toxic EU bank holdings Reader “DD” sent us this: Thousands losing jobs in housing crisis. From reader H.D.: The Great Awakening: Boomers, Your Crisis Has Arrived (Part 1 of 3). From G.G. came this link: German 10-year Bund auction fails for second successive time. Laura H. said that liked this Wall Street Journal editorial: Capitalism Needs a Sound-Money Foundation. Items from The Economatrix: Martin Weiss: Stock Market to Fall at …