As we begin a new year we wanted to take a look at the current energy landscape and see what the future holds for the global economy, America's oil and gas boom, zand whether renewables will continue to be a favorite among investors.
While the Fed can wrap this magic act in all sorts of covering language about dual mandates, maximum employment, and price stability, the simple fact remains that money printed out of thin air cannot, has not, and will not ever lead to prosperity.
Libor, Bernie Madoff, MF Global, Peregrine Financial, zero-percent interest rates, the Social Security and Medicare entitlement funds, quote stuffing and high frequency trading (HFT), and debt-based money. What do all of these things have in common?
I am of the opinion that we are in a gigantic structural bear market. The role of any bear market is to get the most people to lose the most wealth. And so our first goal is to help you be among those who lose the least.
Commodities have a long and storied history of boom/bust/boom, with supply and demand alternately racing past each other as the lag times for developing new supply assure too much at some point and too little at others.
It is important to note that on that historic day the dollar quietly ceased to be money and instantly became a currency. Money and currency are often considered as one and the same; however, there are meaningful and significant differences.
The precious metals expert and founder and chairman of GoldMoney explore in an interview the probable outcome of the current US debt-ceiling operatics, the likelihood of future Fed money printing and strategies for preserving wealth.