There is already excess debt both on a national level and especially on a corporate level. The corp debt bubble is something people just seem to gloss over. It's worse than 2007. When a cash/burn companies can borrow over $100M in senior debt with no revenue we have issues. That is exactly what's happening in biotech and med device.
Most of the corn and soy beans produced in the USA are genetically-modified. Soon, much of the wheat will be. The USA keeps developing more and more genetically-modified ‘foods’ (GMO apples were approved by the US government last month).Since 1999, more and more information has come to light suggesting dangers to the environment and health related to GMOs
With the president’s signature, agriculture giants that deal with genetically modified organisms (GMOs) and genetically engineered (GE) seeds are given the go-ahead to continue to plant and sell man-made crops, even as questions remain largely unanswered about the health risks these types of products pose to consumers.
....google - the CoGwriter - go to link.....2nd-anniversary-of-the-monsanto-protection-act
He has no credibility anymore, not one bit. He actually is blabbering about how QE4 is right around the corner.
Yeah, let inflation monster rear its ugly head.
But she did say that taking a "gradualist approach" to raising rates carries its own risks. One is the possibility that it might undermine the Fed's credibility as an inflation fighter and could risk instability in financial markets by allowing an excessive buildup in borrowing.
WASHINGTON (AP) — Average long-term U.S. mortgage rates fell this week for a second straight week, edging closer to historically low levels at the start of the spring home-buying season.
Mortgage giant Freddie Mac said Thursday the national average for a 30-year fixed-rate mortgage declined to 3.69 percent from 3.78 percent last week.
The average rate for a 15-year mortgage, popular with homeowners who refinance, eased to 2.97 percent from 3.06 percent last week.
GLD is wreaking havoc, avoid it like Ebola! I am playing Ultimate Stock Alerts (you’ll find them in Google). These guys know what they are doing.
ShempGold will have to delete this post soon too, as I refuse to let this gold plated liar off the hook
Open a can of worms this liar says. Feel free to verify. Two bar counts per year paid by fund sponsor the world gold council. An itemized list of allocated bars every Friday. Plus Kpmg audit. Clearly documentation of assets is not a problem. Speaking of Friday list it accounts for 100% of assets. There is zero su custody. Trust allows custodian to determine level of insurance needed. As HSBC and it's predecessor have been part of LBMA, a gold banking system around for over 200 years without a default or incident that I can uncover. If GLD went bust state street might as well go out of business. No will trust any of their funds
Feel free to verify
Like his lying friend investor295 and 297, Shempgold deletes prior posts to cover his past lies
Sentiment: Strong Sell
That nut job is a tough number to even watch.As he tries to talk over everybody around him.
Is he still ranting and raving like an obnoxious mad man about the dollar collapsing and gold going to $20000?
Or did he just make the world a better place and do a swan dive out an upper level window?
Insurance is just one of its weaknesses. I doubt that there is insurance on the gold stash for it would open a can of worms that State Street would want to avoid. The insurer, of course, would want to know about safety, access, audits, claims on it, etc to even come up with a premium for the insurance. Now, State Street would never accept such intrusion, in part because the gold stash is probably used for all kinds of shady purposes, including backing shorts.
Just read the part in GLD's prospectus where the custodian subcontracts to subcustodians but has no right to audit or visit the subcustodians' vaults. It then requires third-party audits. So we can have the custodian own or pay off the third-party auditor to give a clean audit, while knowing that the subcustodian leases out the gold into the market.
If GLD shareholders suspect so and ask custodian to prove otherwise, custodian can simply say "we have no right to check the subcustodians, see the prospectus, but here is a clean audit result" however laughably compromised. If GLD or State Street goes bust, no holder of GLD has any claim to any gold. GLD holders simply become unsecured creditors along with all other creditors, with no precedence in bankruptcy court.