CLibertyC

The Hidden Edge of Junior Mining Companies

"The problem with investing in natural resource projects, says Rick Rule, is that there’s a very low chance of success for any individual property. 'When I was in university, some forty years ago, the experts claimed that roughly one in three thousand mineralized anomalies (exploration targets) would become a mine,' Rick explained. 'With those odds of success, any particular property has a pretty slim chance of being worth something. The way people are successful in this business is by identifying the opportunities with the best characteristics – and having the ability to quickly figure out what’s in the ground.'" Continue reading →

Continue ReadingThe Hidden Edge of Junior Mining Companies

Fed Puzzle: The Massive Collapse in Money Velocity

"With the velocity of money plummeting, it's clear that something in the fractional reserve banking system is broken -- the money remains trapped in the financial system. Yet another indicator of this is the Fed's Money Multiplier, or an indicator of how the money injected in the banking system is multiplied by lending and economic activity. That's reached new lows recently too, indicating that the fractional reserve system is not living up to expectations. This means that traders with access to large amounts of cheap trading capital can continue to make big bets as the Fed supports their access to capital -- but small businesses can't get the same access to capital." Continue reading →

Continue ReadingFed Puzzle: The Massive Collapse in Money Velocity

Ben Bernanke as Easter Bunny: Why the Fed Can’t Prevent the Coming Crash

"If you use a zero percent return, it's easy to figure out how much you need to save. If you want to work for 30 years, and live in retirement for 30 years, then you should save 50 percent. If you want to work for 40 years, and live in retirement for 10 years, you should save 25 percent. And so on. Over the last two decades or so, savings rates have ranged from single digits to slightly negative. In rough terms, zero percent. So as a nation, we have essentially no savings and face very low future returns. The inference is simple: We will need to increase savings drastically." Continue reading →

Continue ReadingBen Bernanke as Easter Bunny: Why the Fed Can’t Prevent the Coming Crash

Decorated, wounded Marine treated ‘shamefully’ by TSA screeners

"Kemnitz, severely injured in 2004 in a roadside bomb attack in Fallujah, has limited use of his right arm and cannot lift it above his head. So when security guards at the state capitol building in Sacramento, Calif., asked him to remove his dress blue blouse 'because he was wearing too much metal,' and TSA asked him to raise his arms above his head for the full-body scanner at Sacramento International Airport, he could not comply. At the state capitol, the Marine’s refusal to remove his uniform top grew into a heated exchange between Kemnitz, a friend who was accompanying him and security officers." Continue reading →

Continue ReadingDecorated, wounded Marine treated ‘shamefully’ by TSA screeners

Parents now face hard consequences for leaving kids in car

"By the time Christina Moon pulled up to her local J.C. Penney to make a return after a morning of errands, her 4-year-old daughter was engrossed in a film in the back of the family’s SUV. So when it came time to go inside the store, the girl protested. The mom has since been investigated by Child Protective Services and faces a $500 fine and 93 days in jail. Moon has pleaded guilty in the case, so she has to pay $2,000 in court costs in addition to any fine. Jail time is a possibility, though she is hoping she will get probation when she is sentenced on July 23." Continue reading →

Continue ReadingParents now face hard consequences for leaving kids in car

Rally at Oklahoma Capitol opposes U.S. intervention in Syria

"An estimated 200 Oklahomans put aside their political and philosophical differences Friday night to join together to oppose U.S. intervention in the Syrian civil war.For an hour Democrats, Republicans and Libertarians, conservatives and liberals, hawks and doves didn't seem to mind the nearly triple-digit temperatures during the anti-war rally on the south steps of the state Capitol. Those attending the rally are concerned the United States may support the armed opposition to Syrian President Bashar al-Assad, who has regained the upper hand more than two years into an insurgency." Continue reading →

Continue ReadingRally at Oklahoma Capitol opposes U.S. intervention in Syria

100-year-old Wild West silver certificate lassos $2.6M at auction

"Would you spend $2.6 million for a certificate for $1,000? A rare, century–old silver certificate bearing the likeness of 19th century politician William L. Marcy was sold to an anonymous buyer for that lofty sum, which auctioneers at Stack's Bowers Galleries say is a record. 'Only two exist of this type, the other being a treasure in the National Numismatic Collection in the Smithsonian Institution,' Stack's Bowers said in announcing the sale. The certificate was issued in 1891, at a time when silver miners, Western mining companies and some Western banks were objecting to the government's decision to adopt a gold standard." Continue reading →

Continue Reading100-year-old Wild West silver certificate lassos $2.6M at auction

Your Personal Gold Standard

"There isn’t a central bank in the world that wants to go back to a gold standard. But that’s not the point. The point is whether they will have to. I always tell people who say we’re not on the gold standard that, in a way, we are. You can put yourself on a personal gold standard just by buying gold. In other words, if you think that the value of paper money will be in some jeopardy, or confidence in paper money may be lost, one way to protect yourself is by buying gold, and there’s nothing stopping you." Continue reading →

Continue ReadingYour Personal Gold Standard