Money and Finances

Am I A Debt Slave?

We as humans basically just want to be happy – but we wrongly believe it can be achieved through materialistic purchases – thinking: “if I only had that new car or big house I would be happy and fulfilled, like all those smiling people in the commercial”; “If only I had that three karat ring I would be the talk of the office, the girls would be jealous and I would look accomplished”

Dollar Steadily Losing Influence

While many analysts expect the dollar to strengthen in coming months as the crisis fades and the U.S. economy turns toward growth, a growing chorus of investors is expressing concern about the longer-term outlook for the greenback.

In a new twist among economists, who have long worried about the effects of growing U.S. debt, they say that the huge liabilities the U.S. is taking on to dig its way out of crisis could ultimately undermine faith in the dollar.

Harry Dent Discusses The Coming Depression

We’re not out of the water yet. Back in march Harry Dent predicts that in 2009 we will level off for a period then in 2010 or 2011 is when the major bubble will burst. Citing possible Dow Jones index at 3500 levels. So far HSDent Financial predictions have been right on. Take this advice carefully.

The secret history of TARP: How Goldman bailed out Goldman

Former Treasury Secretary Hank Paulson wasn’t on Goldman Sachs’ payroll when the US government bailed out his former employer, but he may as well have been.

That’s the implication in a New York Times article, published Saturday, that shows President George W. Bush’s last treasury secretary, a former CEO of investment bank Goldman Sachs, had many conversations with the current CEO of Goldman during the week of Sept. 16, when the US government handed over $85 billion to rescue the troubled insurance giant AIG.

A Penny Saved Is… 2 Pennies Earned?

Did you know that the rising price of copper has made pennies created before the year 1982 worth almost 2 cents today? In the year 1982 the US mint stopped creating pennies from 95% copper. Currently pennies are now made with Zinc. What it means is that newly created pennies (1982-2009) hold almost half of the value of a penny. ($ 0.0048) While pennies created 1909-1982 are worth $.018 by based on current copper prices.