Tolkunbek Abdygulov, National Bank of the Kyrgyz Republic Sometimes a few countries actually turn out to be fiscally responsible role models for you and your portfolios. This past week, Germany and little-known central Asian nation Kyrgyzstan both fell into this camp, offering you fantastic practical advice for protecting your assets with their national actions. Last week, the Bundesbank (German Central Bank) announced that it has successfully completed the repatriation of half of its legendary gold reserves ahead of schedule (three years ahead, to be precise), with 583 tons of their gold moved back from New York and Paris. You might be… Read More

Many people are not consciously aware of how desperately the United States Treasury depends on foreign ownership and continuous purchases of American public debt in order to finance the country's ever-expanding budget deficits. Like it or not, foreign investors, governments, and financial institutions hold close to 50% of the massive nearly $13.9 trillion in U.S. Treasury bonds and T-bills that enable the United States to spend almost as much money as it wants on programs ranging from military defense to social security to medicare. Unfortunately for the fiscal future of the U.S., this has  started to change in the year that included the… Read More

Since the mid 1990's, the U.S. dollar has benefitted consistently from an official federal government position of a strong dollar policy. This may be about to change dramatically, and not just because newly inaugurated President Trump and his administration have hinted that they want to scrap it.   Co-Founder David Marsh from the London-based Official Monetary and Financial Institutions Forum (OMFIF) advisory group has announced that the dollar collapse of the early 1980s could be set to imminently repeat itself. Marsh is a financial specialist who advises a variety of asset management companies. He is now forecasting a dollar crash… Read More

Last Wednesday, you could almost hear the deafening cheers from Wall Street investors as the Dow Jones Industrial Average surpassed 20,000 for the first time ever. In 120 years of turbulent history, it has never before managed to come close to this level. Do not be fooled by Mr. Market. Look back at the not-so-distant history of March 30, 1999. This was the day that the Wall Street Journal heralded the dawn of a new era as the Dow blew past 10,000 for the first time in history with its "Dow Industrials Top 10,000." This then-record high occurred on March 29, 1999.… Read More

Less than six months ago we celebrated the forty-five year anniversary of the final death of the gold standard in August of 1971. President Nixon abandoned the restrictive link to gold so the U.S. could print unlimited dollars whenever it wished. He was able to get away with this because of a substitute America concocted to maintain strong demand for U.S. dollars. They called this the "petrodollar system." The Federal government entered into a consecutive series of special agreements with Saudi Arabia from 1972 to 1974. This arrangement ensured the Saudis would enforce a new rule for all oil trades. They… Read More

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