The prime minister of Luxembourg, Jean-Claude Juncker, has provided two clear insights into this world of deceit:
“We all know what to do, we just don’t know how to get re-elected after we have done it.”
“When it becomes serious, you have to lie.”
This is what we now have by way of government: a self-serving elite who cannot be trusted, operating to a timetable defined by, and limited to, the electoral cycle.
This liberty deficit is possibly more severely damaging than the supposedly intractable fiscal one that lies beneath it. Yet whatever emerges from the disaster, Cyprus has reminded us of a couple of awkward truths: Read the rest of this entry »
A woman unsuccessfully attempts to withdraw from a Cypriot bank ATM in Greece on Sunday. Bank of Cyprus in Athens. By 2011, Cypriot banks had made loans worth more than eight times the country’s national output. Photograph: Katia Christodoulou / EPA
Two days after the European Union revealed a €10 billion rescue for Cyprus, the tiny island nation said its banks would not reopen at least until Thursday to give it more time to win the backing of parliament for a controversial tax on deposits. The unprecedented tax on bank deposits led to a run on cash machines in Read the rest of this entry »
Terry Sacka on The Wealth Transfer show on the Christian Television Network discussing the financial and influential decline of the Western world and the simultaneous wealth increase of the Read the rest of this entry »
Terry Sacka on The Wealth Transfer show on the Christian Television Network discussing how the Babylonian system of the devil occupies our world affairs, impacting the very culture of our nation and standard of living. As Christians, are you putting your faith and money into Read the rest of this entry »
Terry Sacka on The Wealth Transfer show on the Christian Television Network discussing the government’s debt limits and the impact of maxing out their balance sheets. With $1 trillion annually going toward Read the rest of this entry »
After melting down for three weeks straight, gold and silver prices are oversold and finding support at nine-month lows thanks to short covering and bargain hunting — even as the U.S. dollar continues to strengthen. This suggests precious metals are forming a significant bottom, market technicians say. Meanwhile, traders await the February employment report due Friday to assess whether the Federal Reserve has reason to taper its aggressive monetary stimulus program, known as quantitative easing, or QE.
Although investor demand for gold ETFs may have dropped, interest in gold bars and coins is exploding, dealers say.
“Remember Russia imported 600 tons of gold last year, central banks are continuing to buy and China is near passing India as a world gold importer,” Terry Sacka, chief strategist at Cornerstone Asset Metals in Palm Beach Gardens, Fla., wrote in an email. “The U.S. mint sold more silver in February than four months combined last year. They actually stopped selling for a period and have raised prices. That doesn’t sound like a market softening, just shifting.”
The gold bugs contend the underlying fundamental reasons to own gold remain the same.
Precious metals have always been a safe haven for investing in high inflationary times. Historically speaking, a recurring cycle that always seems to repeat itself is periods of high inflation as a precursor to the crash of paper currencies. Those who understand this wealth cycle and position themselves in gold and silver are those who prosper. Precious metals are assets that will never lose their value. They are not subject to systematic risks as paper money and serve as a hedge against inflation and other threats of devaluation. Cornerstone Asset Metals was established to help guide investors safely in and out of the precious metals market.
Learn more about how buying gold and silver today is a smart move for your investment portfolio.
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