The “Housing Bubble,” is everywhere mentioned and speculated about, and in a few spots, it has begun, but slowly. A bubble it is, and as a classic example, a friend of mine owns a 1800 square foot home in the LA area, which he paid a bit over $340,000 for, eight years ago admittedly a high […]
OK, this should finish it! It all ended rather quickly, as a matter of fact. As I said in the previous piece, the warehouses of both the CBOT and COMEX only had 120 million ounces of physical silver in them, and the Hunts & partners were buying silver contracts like they were going out of […]
The Hunts tried, but failed to keep their intentions a secret. “Who the hell are these Hunts?” was probably the question around the trading floor in 1974, when word got out that someone named Hunt had just taken delivery of more silver than anyone in history. In 1974, the year’s production of silver was only […]
The saga of the Hunt Brothers, or at least two of the 15 kids by several marriages and liaisons of the old man, H.L Hunt, of necessity must begin with the father. H.L. Hunt was born in Illinois, and left home at age 16. He did a lot of things, such as mule-skinner, logger, and […]
Today, we have a diminishing dollar, due to endless printing of it, thanks to endless welfare handouts, wars, silly legislation, and debts, debts, debts. Government prints to pay its bills, while the rest of the citizenry, or at least it seems like most of it, are in debt up to their ear lobes, and many […]
When an insurance company fails, it is a total dead end. There is absolutely NOTHING you can do to collect. It is a lost cause. Most policy holders never even think about this. They assume that since they have this fancy policy which promises them funds if they die, have a fire or other catastrophe, […]
So here we are, March 2005; in debt up to our nostrils, our government owes everyone, and its currency, the dollar, is falling from grace. How could all of this happen? Well, it didn’t happen suddenly, that’s for sure. Maybe it’s like a bus with failing brakes. The brakes still work, although maybe there is […]
In the last piece, we sort of left off in the 1970’s, when OPEC raised oil prices, and auto imports were increasing. By this time of course, taxes were so high, that moms everywhere had to go to work, in reality, just to pay the taxes. Not only income, but FICA and municipal sales and […]
There is a reason for everything. A reason why jobs are out-sourced, prices go up, dollars go down, manufacturing shifts to China, the stock market varies, and a reason for everything. Some reasons are extended over a long period of time, and many reasons are interlocked, but there is a cause for every effect. I […]
I am not going to rehearse with you the fact that the so called “Trust Fund, hasn’t anything in it but government bonds, and nothing of actual value, other than the “Full faith and credit of the US government,” whatever that is. In other words, the Social Security trust fund is a sham, just like […]
