All main stream media (MSM) currently praises that DOW now reached over $15,000 and economic recovery is well underway. As I said in past blogs, this is furthest from the truth. In fact, it is exact opposite. If you understand current economic fundamentals, it is no way that this is true recovery but equity bubble fueled by Federal Reserve and others assisted by government. Yet, most average people actually believe what they have said.
This video clip does excellent job stating the reason why most people always be poor. As time goes by, I expect that gap between have and have not will spread to furthest level as possible.
When I was browsing the internet, I found interesting cover from Barron's magazine.
I posted the blog article about President Obama's Budget for Cap on People's Retirement like 2 weeks ago. http://www.takeshiyashima.com/en/79-blog-posts/881-obama-s-capital-control-plan-limit-3-million-in-ira
Although this blog can be relatively short, I would like to elaborate about government plan on limiting retirement account.
In the past week as well as this week, both gold and silver were smashed very hard by the banking system (Including Fed, bullion banks etc). Although average people who don't understand what is really going on are running away from gold and silver by believing in main stream media, all smart money are accumulating massive quantity of gold and silver. In fact, this email message from gold and silver wholesale site tells whole story.
Price of both gold and silver were smashed in this Friday. Now, price of gold is below $1,500 and silver is below $26. At the same time, main stream media commentator was screaming that gold is no longer safe haven and it is ultimate bubble. However, is it really the case? Let's take a look at what happened over the past weeks.
I will sometimes comment about book I read. I hope this book review will help some people start investing.
In this section, I will mainly discuss about general investment knowledge, specific investment vehicles and some tips and techniques I learned from my experineces.