Foster Publishing, Coin & Stamp

We buy and sell precious metals and rare coins. Come by the shop or see my eBay listings.

Pick up a copy of Fiat Paper Money and learn the history of money and why it matters today.

phone (510) 845-3015
2189 Bancroft Way Berkeley, CA 94704

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Sub-Prime Meltdown, Cramer Comes Clean

posted by silverbull on Aug 8th, 2007 at 9:53 am

It's nice to hear a bit of honesty these days on television. Too late for some, Jim Cramer's unfiltered rant on CNBC shows how the public is being mislead by big business and the media working in cooperation to profit from false information.

I was happy to see Gold rising as the market fell on Friday. That's a good sign that Gold will decouple from the overall markets when things get worse.

In response to the Sub-prime mortgage woes, Solari has made their audio seminar Navigate the Housing Bubble available as a free download. I listened to it months ago and highly recommend it to anyone interested in the subject. Here is a summary:

As Assistant Secretary of Housing during the first Bush administration and the lead financial advisor to the Federal Housing Administration under President Clinton, Catherine Austin Fitts has worked to reduce mortgage fraud and to promote policies which reduce mortgage, consumer, and government debt. But, in the position of a Washington insider she witnessed the decision to increase debt as leaders across the US financial system engineered today’s spectacular housing bubble.

When the dot com and telecom bubbles burst and Enron hit the skids, people all over the world lost their jobs and life savings. Still, the economy stayed "afloat" as the housing bubble continued to finance a “first-world” lifestyle based on debt growing far beyond our means.

So what’s ahead for housing -- Status Quo, Crash or Slow Burn? Being able to evaluate the risks will be important to your financial health and peace of mind. Now you have access to one of the country's foremost experts to help you do so. This two-part seminar is a guide for protecting one of your most important assets -- your home. It provides a rare opportunity to learn from one of America’s most knowledgeable insiders about the most dangerous housing bubble in American history.

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