GoldMoney

Congress to Approve IMF Gold Sale This Week

The IMF gold came from latin America as part of a bailout package in the 90s. The IMF is selling it now so that the banksters can buy it and stash it away ahead of the crack-up boom that is brewing. They want the gold out of any public domain where citizens may lay claim to it. Might be a good opportunity to back up the truck if they drive the price down.

The Curious Problem of Gold and Silver Coins as Legal U.S. Tender

Some further reading:

en.wikipedia.org/wiki/...

www.law.cornell.edu/us...

www.law.cornell.edu/us...

www.law.cornell.edu/us...

www.law.cornell.edu/us...

I'm not a lawyer (or even close) but it does seem like our fair Congress has defined the $50 gold coin as legal tender.

I doubt a judge with political ambitions is going to give this a fair hearing though...on the other hand, the judge might be too clueless to understand the implications of the case.

Northern Virginia Home Sales Increase for 13th Straight Month

Alternative Title: FEDERAL GOVERNMENT WORKERS RECEIVE INCREASED PAY AND BENEFITS FOR 13th MONTH IN A ROW.

Housing's Big Picture Isn't Pretty

ron_paulite,

Immigrants make up a larger proportion of the population than at any other time in US history.

GM

Jewelers Say 'No Thanks' to Gold

Vuke and Yellowhoard,

The lease rate shown on Kitco is actually the difference between the LBMA GOFO (Gold offered forward) rate and Libor. You can see the actual gold lease rate at LBMA (www.lbma.org.uk/?area=...). The lease rate = LIBOR - GOFO. So when LIBOR drops, the lease rate can turn negative. A negative lease rate doesn't mean that they are paying people to take gold, it just means that interbank lending is cheaper than gold lending at that moment.

California First Time Home Buyer Affordability Surges in First Quarter

ubuy2w,
Taxes, utilities, and all that insurance alone is going to run well over $600 per month in any decent city. Then add in lots of maintenance since houses are now built with plastic pipes (ever see a lawn chair after it's been out in the sun for a summer? Imagine plastic pipes with chlorinated water running throught them for a few years. The pipes on many houses less than 10 years old already need replacing). Sure you can move to Lubbock for cheap but then you need to live next to a bunch of Brokeback Texans.

Also, prices have not come down 70% in any areas that I'm aware of. The Case-Shiller data suggests nowhere near a 70% decline. Lying about things won't make them better dude...

California First Time Home Buyer Affordability Surges in First Quarter

What's the housing affordability index telling you in Michigan? Those $12,000 houses in Detroit must be a screaming buy according to your way of thinking. Have you become a real estate mogul yet?

Microsoft May Be Able to Halt Apple's Music Monopoly

I can't wait for the ZunePhone! Just like the iPhone except it sucks and has no apps! It's cheaper, too, since you'll only be able to use it for about 23 minutes before it breaks. Go go Ballmer!

Don't Be Fooled by Inflation

What are you talking about Baboo? Schiff says right in this article that you can still lose money in a rising market if the underlying value of the dollar is dropping. Think Zimbabwe. You want to be invested where the people are saving and investment is in the real economy (as opposed to financial derivatives). The US does not meet those criteria, and won't until the banksters are dislodged from their citadels.

Why Gold Is Losing Its Shine

Rich people love to idolize 25 year old college grads with no life experience and no knowledge of history. Unfortunately, the idolatry goes to their head and ends up in them thinking that they can predict the future with certainty. This article is a case in point.

Rupert Murdoch Interview: 'Economy Weak; Danger of Inflation Great'

Rupert Murdoch is just out to screw everyone for his own benefit. People like him are experts at manipulation. If you listen to the interview critically you will note that he both supports and rejects (a) increased government spending, (b) increased regulation, and (c) the idea the free markets work. It's a waste of time to listen to him since he will only confuse you. It's better to read guys like Mike Shedlock, Peter Schiff, Nouriel Roubini, Robert Schiller, Zero Hedge (!) and others who actually present data to back up their views.

Krugman: Why Britain's No-Euro Policy Is Helping Right Now

Just back up that truck of Magic Pixie Dust called "printed money" and dump it on the the economy. That should fix everything. What could possibly go wrong?

One Trillion Dollar Commercial Real Estate Time Bomb Now Ticking

The thing you have to keep in mind is that Ben Bernanke, Tim Geithner, Neil Kashkari, Barack Obama, Chris Dodd, and Nancy Pelosi are experts and know what they are doing. It really is different this time. They know how to fix things now. Trust them. They understand that for efficient markets to remain efficient the guiding loving hand of mother government is needed. They are looking out for the best interests of us little guys. You should invest in America by buying stocks now and holding them forever. Increase your 401K contributions and put the money into domestic bonds and stocks.

(For the clueless readers, the above was sarcasm)

Tipping Point for U.S. Treasuries?

Leveraged index funds are meant for day trading only! Do not buy and hold Powershares or Direxion ETFs! They decline with time regardless of market direction! No, no, no!

Also, Treasury auctions won't fail since the Fed will step in and print the money to buy the bonds. John Jansen (Across the Curve blog)does a great job of keeping people up to date on that.

Active Managers: The Nightmare Continues

In college I knew a guy named "Space". Everyone called him that. He was the biggest drunk I ever met. He would get drunk, try to drive home, his car would break down, and then he'd climb into the window of my (or whoever's) apartment and fall asleep. Once, at a party, he drank 6 beers in about 1.5 minutes in a competition called "Townhouse of Beer". He took 4 years to finish a 2 year junior college degree, 5 years to finish a 3 year Bachelors degree (students there complete their first year of college in junior college), and then did a teaching degree but never became a teacher. He had an enormous ego and was convinced that he was intellectually superior to, well, everyone. He watched TV almost all day. Once, he picked up a girl named Black Betty but she puked on him before they bumped nasties. His one redeeming characteristic was that he could own any room he walked into. I mean, he could be waitering at a hoidy-toidy golf course and say the rudest, crudest things to the guests and not just get away with it, he'd get huge tips as well. He now runs a fund for State Street Bank. How did he get the job? Waitering part time at a hoidy-toidy golf course. How's the fund doing? Not so good. How much does he make? Mid six figures.