Monday, March 23, 2009

How hedge funds manipulate the market

See the insider story of how hedge funds manipulate the stock market and earn your money.

Start of the devaluation of the dollar

The Fed will buy up $300 billion worth of treasury debts plus $750 billion of mortgage-backed securities.

With the news, gold again rose to $950 level because of the massive injection of cash into the markets? What will happen to the dollar?

If the economy does not recover, we will have the double edged sword of stagflation - economic stagnation and price inflation. Looking seriously into gold now is probably a good idea...

Wednesday, November 26, 2008

Rise of the dollar post war

The current banking system could trace its roots back to the Bretton Woods agreement after the war in 1945. With the dust of war settling, an unprecedented raw market of possibilities were opened for inventions of the West to rebuild society.

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Monday, November 24, 2008

From gold to promised note to?

Since the Great Depression, the dollar has been evolved from a promised note redeemable in gold to a promised note for all debts.


This note in 1907 is redeemable in gold

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Citi bailout, at the expense of your money

I'm very impressed at how the US federal government keeps bailing out ailing financial giants like AIG and Citigroup. The latest bailout being $20 billion fresh funds and $306 billion guarantee of its toxic assets. How can the federal government with $59.1 trillion of public debt find that amount of money?

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Friday, November 7, 2008

How to Prosper in the Global Financial Crisis?

The media plays a powerful role in shaping our minds on the current financial crisis. News of doom and gloom permeates the media space. Somehow people love to flock to televisions and newspaper stands to read about calamities. As we glance the news reports, our senses are naturally programmed to be attuned to negative news. It attracts readers like honey attracts bees. The media knows, and capitalizes on it to propagate a surge of viewers to their websites. Focus on the gloom is the tactic.

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Wednesday, November 5, 2008

Obama aka Robin Hood, Champion to the middle class

Some basics of Obama's economic stance :-

  • Taxing on excessive oil company's profit ('robbing' the rich and giving to the poor')

  • Provide middle class tax relief

  • Fighting for fair trade with foreign countries, and tax companies who moved operations overseas (again 'robbing' the rich)

  • Investing in clean energy

  • Tax relief for small business
As we can see, Obama's policy is anti capitalistic and pro middle class appealing to the public for his votes.

Read more here

Thursday, October 30, 2008

Roubini: S&P may fall 30% during 2-year period

Tuesday, October 28, 2008

Short term rebound?

After Wall Street has experienced the worst October ever due to the current financial crisis, is it time now for a rebound? The index gained 889 points yesterday on speculation of a rate cut from US, Europe and Japan. But would it be just a jab in the arm for a short term boost?


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Wednesday, October 22, 2008

How to save money in a year to weather the financial crisis

From CNN:

"Stephanie Nelson, founder of couponmom.com, a site that tracks deals at your local grocery store, says that shoppers can save an average of $50 to $100 a week on their groceries if they spend about 30 minutes once a week planning out their supermarket trip."

Read more here

Sunday, October 19, 2008

Medicaid payouts delayed

From Las Vegas Sun: State delaying Medicaid payouts

"In an attempt to juggle a surge of Medicaid bills, the state is putting a hold on some payments to University Medical Center and other health care providers, prompting fears of delays in receiving large amounts of anticipated cash."

Read more here

Medicare and Medicaid shortfall is explosive

The total national deficit including medicare, medicaid and social security stands at a staggering $59 trillion. Among these, the medicare looms as a threat to the nation as funds are expected to be depleted by 2019. With the first baby boomers turning 62 this year, the first wave of the 78 million baby boomers are retiring and currently only three taxpayers are supporting one retiree with the number expected to dwindle. The bailout from the Fed for the financial crisis seems to spill over.

Why is the Medicare running a shortfall? Read here

Read about the Social Security and Medicare shortfall here

Thursday, October 16, 2008

Oil falls below $69


Finally, the price of oil is back to more sane level after the financial crisis. Will it be back to $20??? Who knows.

Wednesday, October 15, 2008

The Next Crisis : Credit Card Debt?

While all eyes has been on the debilitating subprime mortgage crisis as the catalyst of the current financial crisis, there is a looming problem that deserves public attention. Plastic money.

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