For years we have offered free audio recordings of G. Edward Griffin's lecture on his book The Creature from Jekyll Island in our office. It is an excellent insight into the history of the creation of the Federal Reserve System, and chronicles the shady dealings of the prominent bankers of the day and how they deceived the public into supporting legislation that ultimately put more power into their hands. Griffin's book is a must read, but the video is a great introduction and summary of the dangers of the Federal Reserve.
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This eye-opening article from Gary North explains the danger of trusting the government to pay back bonds. By hoodwinking the people into buying these bonds, governments are able to steal from them by paying the money back at a reduced value after inflation has hit.
Government Bonds and Bondage
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In yet another instance of corrupt bankers stealing client money and gambling it away, this article from the Washington Post explains how JP Morgan Chase & Co. counted client money from Lehman Brothers as if it belonged to the firm. While JP Morgan settled out of court, there was no apology or acknowledgement of wrongdoing.
Regulators: JPMorgan illegally let Lehman Bros. count customers’ funds as its own
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Another country has joined the trend of protecting their currency supply with gold by announcing that lenders will now be able to keep a higher percentage of gold in their reserves. Turkey also recently released more of its personal holdings of gold in an effort to reduce a finance gap. Perhaps Fed chair Bernanke could learn something from Turkey, and realize that gold is still considered money by most countries. Learn more here:
Turkey Once Again Proves That Gold Is First And Foremost Money
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In this article from Zero Hedge, the case is made that those "Too Big to Fail" banks are getting even bigger. JP Morgan, Bank of America, Morgan Stanley, Goldman Sachs, and HSBC hold 95.7% of all derivatives which is down from 95.9%. However, these bailed out institutions still have such a large percentage of derivatives that it is enough to cause another major financial crisis. Read more here:
Too Big to Fail Get Too Big to Fail(er): Top Five Banks Hold 95.7%, Or $221 Trillion, of Outstanding Derivatives
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Palladium is an often overlooked metal that we also have available for purchase here at Roberts and Roberts along with the more familiar gold, silver, and platinum. The metal is used for industrial purposes primarily, and analysts are predicting a possible rise for palladium as the demand is growing and the supply is limited. The Wall Street Journal has an article that explains why many analysts are bullish on the overshadowed precious metal:
Palladium Could Be Set to Soar as Cars Drive Demand and Supply Is Sketchy
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Whether by intention or ignorance, Fed Chairman Ben Bernanke has been sending out the message that a little inflation is good, a point with which author and senior fellow in economic history at the CFR Amity Schlaes takes issue. In her article, she reviews history to show that inflation is something that can come along very rapidly and warns against the Fed's practices. To view her analysis follow the link:
Watch Bernanke’s ‘Little’ Inflation Capsize U.S.
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Recently, Roberts and Roberts Brokerage has been collaborating with the good people over at Freedom's Phoenix to encourage the practice of wallet voting. Wallet voting is the idea of using silver to barter or exchange for goods and services instead of fiat paper notes in order to strengthen our local communities and wean us off dependence on a federal money system that is obviously failing. Their idea of making silver dime cards to exchange and promote wallet voting is spreading fast in the liberty community, and hopefully the enthusiasm we've seen when we talk about it with others is a positive...
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There are some worries we have been hearing from many of our clients and friends lately about the safety of gold and silver as investments. Due to some volatility of these metals in the past couple months, many investors are concerned about the stability of investing in gold and silver. The following article explains why we are sticking to our guns about investing in gold and silver, and why now is still the time to buy because a drop in price means they're on sale and they are already showing signs of recovering. Don't wait until gold is over $2,000 an ounce when you can get it for a little over...
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US Coinage containing 90% silver minted before 1965 is commonly known as "junk" silver. Any dimes, quarters, or half dollars made 1964 and prior fall into the category of 90% silver coinage, with anything made 1965 and and after being worth only the face value with the exception of half dollars. Half dollars made from 1965-1970 have only 40% silver. These coins are far from what one might think of as junk, and have great utility as alternative currency. There are pros and cons to buying 90% silver coinage, and it all depends on your personal reasons for investing in silver.
Pros:
Most inexpensive...
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