Terry Sacka on the The Wealth Transfer opening show on the Christian Television Network discussing Global Economics, Biblical Principles and Protecting & Preserving your Family’s Wealth.
In the 60’s, a paper U.S. dollar was called a ‘Silver Certificate’? You could take it to the bank and
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Original Airtime: Thurs. Feb. 7 2013 | 1:07 PM ET
Randy Smallwood, CEO of Silver Wheaton, comments on where both precious metals could move next, with CNBC’s Jackie DeAngelis and the Futures Now Traders. Randy Smallwood, Silver Wheaton CEO, talks about the catalyst that would be needed to take silver to
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We’ve been tracking commodity prices. Gold is rising slightly ahead of today’s ECB meeting that could set the tone for the euro. Platinum and palladium prices holding steady and oil is edging up to close in on that $100 mark.
Let’s get to our block now. Talking oil is Carl Larry from Atlas Commodities. He’s also president of oil outlooks and opinions and with us on set to talk precious metals, Sean, editor of the wealth report. Sean, Credit Suisse was out with a note saying the era of gold is coming to an end. Are they right or wrong?
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by Axel Merk, Merk Investments
For seven years Ben Bernanke has played Master of the Universe, that is, has been Chairman of the Federal Reserve (Fed). Bernanke vehemently denies his actions put the US economy at risk. Au contraire, having prevented the US economy’s collapse, the Fed’s actions have yielded profits to taxpayers. Naysayers lament money doesn’t grow on trees,
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Rick Santelli loses it Wednesday in response shocking report that the economy actually shrunk in the fourth quarter last year.
“We are now Europe,” he declared on CNBC’s Squawk Box.
“Hey Joe,” Santelli said, “when you act like Europe, you get growth rates like Europe, and our discussions with economists sounds like we’re in Europe. They have the same discussions constantly.”
“They’re always doing the right thing,” he continued. “They’re always thinking
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What is the debt ceiling exactly? It’s a cap set by Congress on the amount of money the federal government may borrow. The limit applies to debt owed to the public (i.e. anyone who buys U.S. bonds) plus debt that the Treasury owes to government trust funds such as those for Social Security and Medicare.
Why does it need to be raised? The debt ceiling needs to be raised periodically because both parties in Congress have approved tax cuts and spending increases over the years, knowing full well they will
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Economists at the World Economic Forum in Davos have been divided over the outlook for China. Ross Westgate has more.
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The German central bank is planning a “phased relocation” of 300 tonnes (metric tons) of gold from New York to Frankfurt as well as an additional 374 tonnes from Paris to Frankfurt by 2020. The reserves should end up looking like this:
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Citi currency guru Steven Englander has a new note out titled: No coin + temporary debt ceiling extension + sequester = US Dollar negative. In it he notes that the rejection of the trillion dollar coin idea to avert the debt ceiling is not alone a market moving event, but that the hard language taken by the White House that the choices boil down to clean lift or default raises the odds of a debt ceiling breach. His take:
DetailsSo it is possible that we
Will this push gold past the $2000 mark as Bank of America is forecasting $2,000 an ounce by the end of this year?
Japanese pension funds and gold-backed exchange traded products are going to more than double their
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