All Posts Tagged With: "Economy"

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Zimbabwe Central Bank Trying to Do What Didn’t Work in the U.S.: Back Currency With Gold

A better question might be, can Zimbabwe learn from the U.S. failed attempt to back currency with gold and just as important, can U.S. citizens learn from the Zimbabwe crisis?

21Aug2009 | Doug Digger Eberhardt | Comments | Continued
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The Banking Crisis is Far From Over

“Failed banks are weighing on FDIC” is the headline in tomorrow’s Wall Street Journal. Banks are being taken over at an alarming rate thus far in 2009. Banks aren’t lending so it is difficult for them to make a profit while at the same time they are trying to resolve their past lending decisions. Individuals are finding it difficult to secure loans with the more stringent FICO requirements. Increasing unemployment is making it difficult for many more to maintain their home ownership. As people who are now or soon to owe more than their house is worth decide to bail on home ownership, the bank will be left holding an unwanted, depreciating asset. This is occurring all at a time when banks may be forced to mark to market their assets, showing their real estate holdings value based on today’s depressed prices thus revealing balance sheets that are becoming ever more weaker.

17Aug2009 | Doug Digger Eberhardt | Comments | Continued
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Digger’s Friday Triple Play

Doug Digger Eberhardt’s Top 3 Articles, Videos and Posts of the Week – Click on headline for full article

7Aug2009 | Doug Digger Eberhardt | Comments | Continued
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Unemployment Numbers Don’t Tell the Whole Truth

What from an economic standpoint is going to sustain these “green shoots?” What is really supporting this stock market but economic fluff from the result of short term shenanigans?

7Aug2009 | Doug Digger Eberhardt | Comments | Continued
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From Green Shoots to Drought? Making Economic Sense of Investing

But calling the exact top isn’t what’s important. Keeping and growing your wealth is. To do this, you must make sense of the economic data that are causing the green shoots and decipher for yourself whether they will blossom from here or wither and die from a potential drought.

3Aug2009 | Doug Digger Eberhardt | Comments | Continued
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Digger’s Friday Triple Play

Doug Digger Eberhardt’s Top 3 Articles and Posts of the Week – Click on headline for full article

24Jul2009 | Doug Digger Eberhardt | Comments | Continued
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Gold and the EURO Connection; Another Nail in the U.S. Dollar Coffin?

Another story was developing at this time; the EURO had bounced off its lows and become a much stronger currency. As the dollar was sinking from its high in 2002, and the uncertainty of what affect Central Bank sales would have on the price of gold, the EURO became the only other “safe haven” in the mind of those who were looking to get out of the dollar.

14Jul2009 | Doug Digger Eberhardt | Comments | Continued
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Challenging Financial Advisors on the Need to Diversify Into Gold

What financial advisor’s need to do is prepare their clients for the coming inflation as a result of all this government spending. What financial advisor’s need to do is diversify their clients into gold.

8Jul2009 | Doug Digger Eberhardt | Comments | Continued
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Digger’s Friday Triple Play

Doug Digger Eberhardt’s Top 3 Articles and Posts of the Week – Click on headline for full article

3Jul2009 | Doug Digger Eberhardt | Comments | Continued
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What Really Backs the U.S. Dollar?

Since 1971, U.S. citizens have been able to utilize Federal Reserve Notes as the only form of money and for the first time had no currency with any gold or silver backing.
This is where you get the saying that U.S. dollars are backed by the “full faith and credit” of the U.S. Government. In other [...]

24Jun2009 | Doug Digger Eberhardt | Comments | Continued
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