LATEST SITE ACTIVITY
Top Content via 12160 RSS Feeds
Updated Drop Down Menu
-hover cursor over main menu for more Links
Follow us @ http://twitter.com/laurenlyster http://twitter.com/coveringdelta Welcome to Capit...
Welcome to Capital Account. President Obama won re-election last night and during his victory speech he declared “What makes America exceptional are the bonds that hold together the most diverse nation on earth.” Bonds? Does he mean Treasury Bonds perhaps?
This is what makes America exceptional: the ability to issue bonds in exchange for the global reserve currency, which allows the US government to spend despite running trillion dollar deficits. We talk to James Turk about what happens when the “bonds” holding us together are no longer exceptional.
And gold and silver prices rallied ahead of the elections. We talk to James Turk about the recent spike in precious metals. Also, according to an essay published by the Gold Money Foundation, the stock of gold is over-estimated by sixteen-thousand tons, with a nominal value of over 800 billion dollars. We talk to one of the authors, James Turk, Gold Money founder and chairman, about his piece and why it matters.
Plus, the US elections are over but the economic problems facing the country are not. Former Federal Reserve Chairman, Alan Greenspan, told Bloomberg this morning that he does not think the elections will help avert the Fiscal Cliff: “I’m concerned that the election per se has really not changed the balance very much of what’s going on and I think it will come down to the very last minute before particular action is taken… I think we underestimate the underlying momentum of this deficit and the building up of debt and its consequences.” We don’t underestimate the momentum of the debt and its consequences, nor the expansionary policies we have seen under an ‘Obama central bank.’ Is this reflected in the price of gold? Gold prices jumped 2 percent in the past few days. Also the S&P 500 saw its biggest decline since June, according to Bloomberg. We talk to James Turk, author of “The Collapse of the Dollar, and How to Profit From It,” about what is behind these market moves.
Barack Obama defied history to win re-election yesterday, as he is the first president to stay in the Oval office with a 7.9 percent unemployment rate since Franklin Roosevelt in 1936. But while everyone is wondering about Obama’s second term, many are also wondering who is going to fill Timothy Geithner’s position. Lauren and Demetri discuss the possibility of Laurence Summers or Jack Lew heading the US Treasury. Also, Treasurys have a new rival for safe-haven status: U.S. corporate bonds. According to the Wall Street Journal, bonds of Exxon coming due in 13 months were 0.01 percentage point less than comparable US Treasurys, while bonds of Johnson & Johnson due in May 2014 traded at 0.01 percentage point less than Treasurys. Lauren and Demetri discuss if money pouring into corporate bonds is another sign of investors reaching for yield in today’s Loose Change.
Ya know, it all has to crash if we want those damn bankers to quit ruling the world. Their Babylonian system is falling.....cant be soon enough for me. Thanks James! Sharing.
Crap, wont let me "like" on fb!
Sign Upor Sign In
Or sign in with:
Save BIG on your monthly Mobile Cell phone bill
Mention Joe Rogan --Get a $25 Credit Discount!
Please remember this website is supported by your donations...
>>>back up site 12160info.lefora.com
DMCA / Report an Issue
© 2017 Created by truth.
Report an Issue |
Terms of Service
Please check your browser settings or contact your system administrator.