It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Due to the OVERWHELMING demand for precious metals, our online ordering system has been unable to keep up with our customers’ needs. We have had to disable the APMEX ordering system to allow us ample time to upgrade our site to accommodate the increased demand. We apologize for this temporary problem. In the mean time, we will be accepting telephone orders for the following items only as we have them available:
Originally posted by Attari
There is going to be a paniced reaction to try and stem the tide. War in one form or another will probably be used to divert attention. This will open the door for the enemies of the US to gain a moral high ground and gather support for a coalition to combat American expansion etc etc.
Our behaviour here [in the insurance sector] parallels that which we employ in financial markets: Be fearful when others are greedy, and be greedy when others are fearful.
Hey Ben! What's in Your Wallet?
20 March 2008
Did we just witness an historic first this week? Did the Federal Reserve Note just get debased by about fourteen percent? Is a portion of the Federal Reserve Note now backed by the private and illiquid obligations of Wall Street?
Here is an excerpt from the Fed's Balance Sheet that comes out in the H.41 report every Thursday after the markets close.
Only 86% of Federal Reserve notes, rightfully IOUs from the Fed or Federal Reserve Notes, are still backed by AAA debt obligations....There was quite a flash bang around Bear Stearns, the dollar and the metals this week. While we were distracted did Ben just cross the Rubicon by backing the FRN 'dollar' with junk?