This stock market collapse started in 1999 October 31, 2008
Posted by Jeff Nabers in : Money, Precious Metals, Self Directed IRA Solo 401k , add a commentThe following charts should look familiar to you:
These charts (above) show you the historical account of pricing for the Dow Jones Industrial Average and the Standard & Poor 500 stock indexes. The following chart (below) is also a historical account of pricing for the Dow Jones Industrial Average. It, on the other hand, shows (more…)
Home prices have returned to 1997 levels October 29, 2008
Posted by Jeff Nabers in : Money, Precious Metals, Self Directed IRA Solo 401k, real estate , add a comment
One of the reasons that everyone seems to act so surprised at the “economic meltdown” is because we measure everything in U.S. Dollars while paying little attention to the value of the dollar itself. The dollar is a floating currency. The amount of dollars in circulation can dramatically increase or decrease in any given period of time as seen fit by the central bank, the Fed. An increase in the money supply will push prices up, while a decrease in the money supply pushes prices downward. Therefore, an asset’s true value can remain constant while it’s dollar denominated value can fluctuate – and vice versa.
Looking at statistics or charts denominated in U.S. Dollars can be very deceiving, and if that’s what you’ve been doing, then you were blindsided by the recent collapse of various markets and institutions. If during the past decade you were looking at real prices (as measured in grams of gold) it would have been quite apparent that housing prices were experiencing erratic growth that was likely unsustainable. Gold has been the real currency used by humans since the dawn of time, and even after Nixon took us off the gold standard in 1971, all markets continue to follow logical boundaries of movement as priced in gold.
The good news is that (more…)
Monetary Base up 38% Year-to-Year October 27, 2008
Posted by Jeff Nabers in : Money, Precious Metals, Self Directed IRA Solo 401k , add a comment
According to John Williams’ Shadow Government Statistics October 26 Flash Update, year-to-year
Monetary Base is up 38%. Expansion of the money supply creates inflation and debases the wealth of people holding U.S. Dollars.
The lesson? Don’t hold U.S. Dollars. Seems kind of tough if you live in the U.S. though, doesn’t it?
Foreign bank accounts have been used for decades as a means to hide income and assets from taxation… sometimes legally, sometimes illegally. I believe the coming hyperinflation will foster a whole new flight of capital into foreign bank accounts for a different reason: (more…)
What do these icons mean? Social bookmarking & media explained October 26, 2008
Posted by Jeff Nabers in : Personal Productivity , add a commentHave you noticed the following icons on my recent blog posts and on many other web sites?
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Digg this :: 
Stumble it :: 
facebook
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These are social bookmarking and media tools. Allow me to explain…
Subscribe – This is an RSS subscription tool. Use this link to subscribe to my blog. Learn more.
del.icio.us is a bookmarking tool that you can access from any computer on the internet. Use this link to bookmark my posts. Learn more.
Digg this is democratic media engine. It shows stories in rank of how popular they are – according to how many people have “dugg” them. Use this link to “digg” my post. Learn more.
Stumble it is also a tool that allows users to give a page a “thumbs up” so that other users can “stumble upon” useful content. Use this link to recommend my post to the Stumble Upon network. Learn more.
facebook is a social networking tool. You can use this link to send the current page to your contacts on the facebook network. Learn more.
Reddit is a source for (more…)
