Archive for category Newsletters

Last Thursday, December 3, 2009, Ben Bernanke appeared before the Senate Banking Committee for his confirmation hearing. While New York Senator Chuck Schumer saw fit to question Ben Bernanke about extraneous ATM fees and many other Senators openly voiced overall support for Bernanke with limited concerns, Kentucky Senator Jim Bunning proceeded to open up a can whoop ass on the Federal Reserve Chairman.

The following is footage of Bunning’s statement during last week’s hearing: [...]

Dave Ramsey, a popular personal finance expert, provides beneficial solutions for individuals with debt problems. His unique and no nonsense strategy of shuttering all debt via his 7 baby steps, in combination with using cash for all purchases, is a simple approach that people easily connect with.

Ramsey has been advocating this style of personal finance for many years now. When it comes to managing personal debt, he more than likely has helped tens of thousands of people avoid difficulties from the current economic calamity. Ramsey is to be commended for these efforts. His investment advice, on the other hand, is something any intelligent investor should be cautious of.

Ramsey’s general investment recommendations can be seen here, but they do not differ much [...]

In regards to the economy, one of the most important pieces of legislation in almost 100 years passed a key vote in a U.S. House Committee last Friday, November 20. As documented by The Financial Panner since its inception, Ron Paul’s H.R. 1207: Federal Reserve Transparency Act of 2009 successfully passed the House Financial Services Committee today, in a 43-26 vote.

The legislation passed this vote despite significant efforts to stifle and subvert its progression. In all likelihood, it would be a good bet that those behind these efforts do not have the best interest of the general public in mind. In this way, a line in the sand is clearly drawn between upstanding versus corrupt (or just plain ignorant) congressional politicians. With blatant arrogance, the latter will void the astoundingly clear will of the people for the will of those corporations and organizations who donate the most to their congressional campaigns.

An excellent example is the [...]

Gold has decisively passed its early 2008 intra-day peak of ~$1,030, up ~11% in the past 30 days and ~8% so far this month alone. With fresh new all time highs being recorded weekly, there is concern that perhaps gold is topping and due for a plunge. For the casual investor glancing on the surface, examining nominal prices only, it is not surprising why this is so.

Prior to the recent highs of the last two years, gold had historically peaked at $850 in 1980 and within a few months of that pivotal mark fell nearly 50% to $450. From there gold gyrated, mostly to the downside, coming in at around $250 in August of 1999. The general fear is that gold may be subject to repeating this type of price action – and soon.

Another area of concern, some would argue, is the [...]

A concern people often convey when taking possession of physical gold in the United States is the possibility that it may be confiscated by the government. The main reason this concern is legitimate is that has already happened! Per www.wikipedia.com: [...]