Good books to read in 2010

"A warned man, values 2" .. my Dad used to say..

So for the new decade, informing yourself with some basic truths will enable you to come out of this decade better than you finished the last one.

Recommendations:

Ron Paul

- his complete reading list

Norm Franz

- Biblical Economist

I will add some more titles soon.
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( I welcome my readers suggestions as well !! )
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Recession over ?

Not according Jim Rogers !
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He even encourages the interviewer to become a farmer! Well... we all got to eat and .. drink water so that is where money is going to be made and humanity going to be served.
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Gold Prices - increase or decrease on long term

When confronted with savvy investors on how far the Gold can go, when is it going to drop again or when is it going to peak, I can only say this:

Gold (and silver) is a monetary commodity.

Unlike other commodities, like rice, wheat or ore, it is scarce, it is being hoarded by Central Banks, investors, institutional investors and now rich and alike.

According to figures of the World Gold Council, there is not much mined every year. So, demand will always increase, but supplies are getting scarce.

Second: as long as Gold will be traded in USD ( a heavily inflationary paper instrument printed by the private bank: Federal Reserve ) or any other deflating currency, Gold's equivalent value will increase. Not Gold's intrinsic value!

Meaning: if the USD continues to go down ( as it will, because the FED is massively printing them as we speak ) people want more USD for the same amount of gold.

But of course, there is a real cost. The value of our currency goes down with every new dollar the FED prints and with every dollar of new deficit spending. But the politicians can all pretend inflation doesn't exist. When it shows up in our economy, they can lay the blame with "speculators", oil companies and George Sorros, Madof, Lehman etc....

The government can manipulate the dollar like this because it's not backed by gold. President Nixon "temporarily" cut the tie between the dollar and gold in August 1971. You can see the video here.

In it, Nixon promises the dollar won't be devalued - "your dollar will be worth just as much tomorrow as today"... ( we all know by now, this promise was just a plain lie! )

At the time, $35 would buy an ounce of gold. Today, it takes more than $1,100. That's a 97% decline in purchasing power.

It's fascinating how many people believe this won't happen again...

I'm not surprised gold is trading at $1,100. I'm surprised it's not trading for more than $5,000.!

Now, let's say gold hits 5,000USD/Oz. It only means the USD has lost 70% in its value compared to today when gold is at 1,160USD. So Gold is not becoming "more expensive" , it is the dollar ( or an alternative currency ) that is loosing its "stored" value.

It is up to you: you keep your wealth in "so-called-stored-value-fiat-currencies" or in ownership assets, such as gold, silver, land and real estate?

Gold vending machines

Though it is in French and German, sure you get the idea.

next is an interview on FOX News.


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Germany has a history of hyper inflation and massive loss of wealth in 2 wars and currency crisis.

Germans understand the value of gold and are among few countries where citizens buy and keep gold as safe haven.

News media calls it hoarding but I call it: "wise protection of assets"

I am representing the Franchise Opportunity for South East Asia. For enquiries, E-mail jan@ivac.sg
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Government Motors - GM

or "Why I will never buy public stock."

Not that I do NOT believe in having equity, but I'd rather have in in private hands.

Here are share holders who in 2000 had a GM share valued at 94$, even in 2007 still at 40$ and now at less than 75 $ Cents and now 60% is owned by the government, but even the government has no money, as Obama claims now. How does this all add up?

Read here a recent interview with Obama:

http://drudgereport.com/flashocs.htm

Mind you: much of this kind of information is banned from main stream media. Jim Rogers is banned from US TV. That is why he lives in Singapore.

If you have the time: watch this interview with Peter Schiff on YouTube. This is a must see and sums up all you need to know !



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Please share some comments as I have the impression the entire world is sleeping as in the "days of Noah..."

Help.. FED lost some 9 Trillion dollars!

The Federal Reserve cannot account for and has absolutely no clue where the trillions of dollars that have come from the Fed’s expanded balance sheet have gone.

Additionally, nobody there seems to have any idea what the losses on the Fed’s $2 trillion portfolio really are.

Watch this video clip, Alan Grayson asking about the 9 Trillion dollars that the Feds cannot account for.

Amazing that this becomes public but nobody seems to bother about this.. media is more concerned or interested in misinforming the masses.

The world reserve currency is in the proces of becoming literally: Monoply game money, worthless paper and the Chinese Central Banks is getting ear of it. Ha! They may become so mad, they will send 200,000,000 million Chinese to Fort Knox and NYC FED branche to take what is rightfully theirs: The gold bars that are supposed to back up their 3 trillion USD reserves.



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The Big Bubble to End all Bubbles

The biggest financial bubble in history is being inflated in plain sight, said Gerald Celente, Director of The Trends Research Institute.

"This is the Mother of All Bubbles, and when it explodes, it will signal the end to the boom/bust cycle that has characterized economic activity throughout the developed world."

"Given the pattern of governments to parlay egregious failures into mega-failures, the classic trend they follow, when all else fails, is to take their nation to war," observed Celente.

Read the entire aticle by clicking on the picture above.

Click here to see a recent interview with Gerald on the recession, especially from 4:50 Mins onwards on his view on Gold.



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