A new report from Zillow reveals that 15.7 million single-family homeowners are currently underwater on their mortgages. Amber Dakar provides some steps that you can take if you are one of the people who finds themselves underwater in their mortgage.
Thursday, February 10, 2011
Gold and Silver are the only sound money there is
James Turk, founder of GoldMoney and director of the GoldMoney Foundation, interviews Alasdair Mcleod of http://financeandeconomics.org. Alasdair who is very bearish on paper currencies calls gold and silver as the only sound money out there. Alasdair Mcleod speaks about the COMEX as well as and the huge short positions taken by central banks and bullion banks. Alasdair explains why he started his blog almost 2 years ago. His aim is to inform educated people about finance and economics, with an angle towards sound money. During the interview he looks back on his active career in the UK and how he acquired the knowledge he has.View the full 15-minutes interview at: http://goldmoney.com/macleod-turk.
Alasdair Macleod, and James Turk, Director of the GoldMoney Foundation, discuss the collapse of the Slater Walker bank in 1975 in the UK and the preceding boom-bust period. There are clear comparisons to today's dangerous situation, where governments try to control the situation with more money and credit.
Alasdair Macleod, and James Turk, Director of the GoldMoney Foundation, discuss the collapse of the Slater Walker bank in 1975 in the UK and the preceding boom-bust period. There are clear comparisons to today's dangerous situation, where governments try to control the situation with more money and credit.
COPPER & NICKEL as Alternate Inflation Hedges
Posted December 14, 2006 on the US Mint Website:
The United States Mint has implemented regulations to limit the exportation, melting, or treatment of one-cent (penny) and 5-cent (nickel) United States coins, to safeguard against a potential shortage of these coins in circulation. The United States Mint is soliciting public comment on the interim rule, which is being published in the Federal Register.
Specifically, the new regulations prohibit, with certain exceptions, the melting or treatment of all one-cent and 5-cent coins. The regulations also prohibit the unlicensed exportation of these coins, except that travelers may take up to $5 in these coins out of the country, and individuals may ship up to $100 in these coins out of the country in any one shipment for legitimate coinage and numismatic purposes.
It's a win win situation. If there's deflation they're still worth 1 cents or 5 cents. If there's inflation which there currently is they'll just keep going up. And you risked Zero income. now, America is gonna see a shortage of nickles and copper pennies........Great idea for the kids to get involved an learn the lesson of fiat currency......I would hate to have the kids banging my silver eagles on the table, but then again, who can resist that silver "ting"?
The United States Mint has implemented regulations to limit the exportation, melting, or treatment of one-cent (penny) and 5-cent (nickel) United States coins, to safeguard against a potential shortage of these coins in circulation. The United States Mint is soliciting public comment on the interim rule, which is being published in the Federal Register.
Specifically, the new regulations prohibit, with certain exceptions, the melting or treatment of all one-cent and 5-cent coins. The regulations also prohibit the unlicensed exportation of these coins, except that travelers may take up to $5 in these coins out of the country, and individuals may ship up to $100 in these coins out of the country in any one shipment for legitimate coinage and numismatic purposes.
It's a win win situation. If there's deflation they're still worth 1 cents or 5 cents. If there's inflation which there currently is they'll just keep going up. And you risked Zero income. now, America is gonna see a shortage of nickles and copper pennies........Great idea for the kids to get involved an learn the lesson of fiat currency......I would hate to have the kids banging my silver eagles on the table, but then again, who can resist that silver "ting"?
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