After passing another round of quantitative easing, the Fed has been seen as an entity with the solution to the growing debt problem, but Federal Reserve Bank of Dallas President Richard Fisher disagrees with this assessment. When you look through the esoteric terms, you discover quantitative easing is simply printing more money, and in the latest case purchasing bonds indefinitely. While bonds can be safer than many other investments, one has to come to terms with the fact that the country is broke and more Fed policies will not get us out of this situation. We agree with Fisher when he makes...
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With the Eurozone crisis still lingering, France is the most recent country to be downgraded due to her massive debt and the disproportionate damage that could be done by shocks in the credit markets. Moody's followed Standard and Poor's with the downgrade from AAA to AA, and the downgrade is indicative of how this crisis is not going to end anytime in the near future.
France stripped of prized 'AAA' credit rating by Moody's
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Thinking about investing in gold? Historically, gold has been an excellent hedge against devaluing paper currency, and it also has been experiencing very high yields since the country was taken off the gold standard. There are so many reasons to invest in this brightly colored metal, and this chart details some interesting facts and figures about why investing in gold today could really help you out in the long run.
The Gold Series: Gold as an Investment
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Roberts & Roberts is pleased to announce we will be offering a special on one ounce pure silver Mexican onzas. We have them available for only $1.00 over spot plus commission. This is an excellent and affordable way to stock up on widely recognized, government minted silver. You will not find a less expensive government minted coin! The onzas will be on sale for as long as supplies last, so call us to lock in and schedule an appointment. At these low spot prices, you'll be glad you stocked up early.
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At Roberts & Roberts we are all about keeping our clients informed and prepared with the knowledge and resources to protect themselves against inflation, and we present the facts (however dire) about the status of our faltering currency. One problem we frequently warn about is the coming hyperinflation as the Fed continues to pursue programs that devalue the dollar, and the consequences of that hyperinflation. An aspect of hyperinflation that should concern the American people as a whole is the breakdown of societal trust as a currency experiences devaluation. This societal breakdown is especially...
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Yesterday, when we first presented our calculation of what the Fed's balance sheet would look like through the end of 2013, some were confused why we assumed that the Fed would continue monetizing the long-end beyond the end of 2012. Simple: in its statement, the FOMC said that "If the outlook for the labor market does not improve substantially, the Committee will continue its purchases of agency mortgage backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability." Therefore, the only...
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The dollar is set to lose its status as the world reserve currency as China and Russia have signed an agreement to trade oil using the Chinese yuan instead of the dollar. This spells serious trouble for the dollar and US economy, as efforts to suppress any regime opting to use more stable currencies such as gold have been used repeatedly in countries such as Iraq, Libya, Egypt, and Syria. With the alliance of China and Russia, there is much to be concerned about as the destabilized dollar is already in peril due to the Fed's reckless quantitative easing schemes. It very well could be the nail in the coffin...
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As the recession deepens, statistics show that more and more Americans are opting to use payday lending companies or other forms of check cashing over banking institutions. The cause could be the raise in rates large banks charge for maintenance of accounts and overdraft fees that make it more difficult for lower income Americans to afford. Banks defend their practices by using the argument that it costs them more to maintain accounts for low income clients. After the recent financial crises, many people are increasingly distrustful of banks, and it is this distrust that more than likely is causing...
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During Paulfest, the President of Roberts & Roberts Brokerage Tim Frey gave several interviews on the value of dime cards and silver as an efficient way to barter. Inspired by the idea of the activists at donttreadonmeme.com, we started supplying them with dimes to make their dime cards. In this video, Tim explains the value of having alternative currencies and shares some of the different designs that can be made with dime cards. We would like to extend a special thanks to Drew and Ross at donttreadonmeme and credit them with the concept. The future of currency is dime cards, and we encourage...
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Sadly, this is another lesson in if you're not holding it, you don't own it. Keep your precious metals secured with a safe in your own home, and if you want to authenticate a coin, send one in at a time if you have multiples. Also, never tell more than a couple people you really trust about what you have as theft of precious metals is all too common even among family members. We do not recommend safety deposit boxes either as bank employees have access to them, and in the event of a crisis, you are not guaranteed to get them back especially if someone working within the bank knows about your gold...
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