There are lessons to be learned from the “Greek crisis”, but you will be hard-pressed to find them in the mainstream media. Yes, the media pundits will blather on about how a sovereign default will hurt our economy and stock market, but what solutions do they offer to either Greece or to Mr. Smith in (Continued)
In a recent USA Today article entitled “Cash is King for ex-CEO of Pimco,” we are told that the former CEO of PIMCO, Mohammed El-Erian, is “keeping most of his money…in an unusual place – cash.” El-Erian explains, “That’s not great, given that it gets eaten up by inflation. But I think most asset prices (Continued)
Recently, a money manager that I otherwise greatly respect, said this rather despairing, if not delusional, statement: “Ultimately, there may be no such thing as a safe asset anymore and investors may want to take a diversified approach to something as mundane as cash.” [Emphasis added] The Rising Dollar Myth by Axel Merk. I know (Continued)
For this month’s blog, I am going to use an excerpt from the book, Money! Questions and Answers by Fr. Charles Coughlin circa 1935. Chapter VI of this book, Effects of a Dishonest Money System, offers 15 rather chilling prophecies when looked at with the benefit of 75+ years of hindsight. And while Fr. Coughlin (Continued)