You know that banks make loans to people all the time for a variety of purposes. When banks hand out such money so that you can purchase a home, car, boat, or other large ticket item, they commonly issue a promissory note along with it. While you are probably familiar with the basics of loans, you may not understand what a promissory note is exactly. In the article that follows, you will learn not only what these notes are, but…[Continue Reading]
These days, you see or hear something about the International Monetary Fund, or the IMF, in the news almost every day. This should not come as a surprise to you as the sovereign debt crisis grinds on ruthlessly. When people are in trouble, they turn to a bank or bankruptcy court for help. When governments are in trouble, they turn to the IMF for aid. In the paragraphs below, you will learn what this organization is and does, when it…[Continue Reading]
Do you remember the days when there used to be hundreds of banks around the country? This has changed dramatically to the point that there are now only four to five major banks left in the U.S. You may be surprised to learn that this has not happened by accident, but instead by design. In fact, there is a hidden agenda in the international community today to establish a central world bank. In the paragraphs below, you will see how…[Continue Reading]
You can not have missed the barrage of bad economic news lately. On any financial channel, major newspaper front page, or radio talk show, they discuss how the economy looks like it will careen towards another recession. The Federal Reserve is the institution in the United States that seeks to carry out a dual mandate of low unemployment and economic growth along with low rates of inflation. They have recently issued another update on the economy that speaks volumes about…[Continue Reading]
Have you ever realized how much interest you pay to banks when you buy a car or a house? The sad truth is that you as an average American spend in excess of thirty-four percent of all your after tax dollars per year on interest over the course of your life between mortgages on houses, car payments, and credit card bills. There is a way to get around this interest trap that costs you more than a million dollars over…[Continue Reading]
When you think about silver prices, you probably do not realize that there is a manipulation that goes on every day that has held them artificially low. This phenomenon is called the silver leasing scam. After years of turning a blind eye to it, the Commodities and Futures Trading Commission has finally opened an exhaustive investigation into the practice. The effects of this investigation are wide ranging and could dramatically impact the market prices for silver in the near to…[Continue Reading]
If you have ever considered the plight of the poor, then you may wonder why there is not enough money in the world for everybody. The answer to this question may surprise you. Interest is actually the major problem that exists in the money system to keep people in poverty around the world today. It may shock you to learn that this flawed system that charges people for the use of money did not always exist. In fact, interest has…[Continue Reading]
The first week of May’s blood bath in the silver market has raised the suspicions of some analysts and traders. You may or may not have heard the word manipulation thrown around. This shockingly fast decline of silver by nearly thirty percent in less than a week conjures up memories of unfair price manipulation in the market that has gone on before. In the following paragraphs, you will read about the possible players who are trying to keep a lid…[Continue Reading]
You may not be aware of the fact that the central banks of the world typically only keep a small percentage of their reserves in gold. In fact, in past decades, they have gradually sold gold holdings. They kept much of the rest of their money in dollars. From sixty to sixty-five percent of world reserves sit in U.S. dollars, with most of the rest of them in Euros. Yet this trend changed dramatically in the last few years. In…[Continue Reading]
In the last few years, you may have heard the phrase shadow banks and have wondered what the financial gurus were talking about. Shadow banks differ from the traditional banking system in several key ways. Their nefarious sounding name may be justified, since they are capable of wrecking the financial system, as you will discover in the subsequent paragraphs. What Are Shadow Banks? Shadow banks turn out to be financial institutions that look like and behave like regular banks in…[Continue Reading]
