Good news everyone. Gold has reached a one-month low. In fact, February gold futures on Comex fell the most in six weeks. They tumbled four percent on the day, down US$34. This is very good news. It means you will have a chance to buy gold at lower prices before it goes up higher later this year. Much higher, in fact, according to the 2009 forecast made by Diggers and Drillers editor Al Robinson…
January 13th, 2009 | Dan Denning | 11 comments | ContinuedAll Posts Tagged With: "credit depression"
Life After the Credit Depression
Life after the credit depression (or LACD, as we now call it) is going to be very challenging. It’s a subject that deserves a lot more thought. So we promise more to come. But our main point today is that the institutional keystone of the modern state is, well, crumbling. Why? Go back to 1694 when the British were in perpetual war with the French while trying to build a commercial empire AND kick of an Industrial Revolution…
January 9th, 2009 | Dan Denning | 1 comment | Continued
The Credit Depression
“How bad do you think it will get,” asked a friend in an e-mail yesterday. Our friend has a Master’s Degree in Classics (Latin and Greek). We know that when he starts wondering what’s going on in the economy there are probably a lot of other people starting to sit up and question their basic economic beliefs too. In Latin, a creditum is a loan or thing entrusted to another. The Latin for “to entrust” or “to believe” is “credere.” The word “creed” also has similar origins, as you can see.
January 8th, 2009 | Dan Denning | 7 comments | Continued
