Tag Archives: Maple

Federal Reserve Out Earns Goldman Sachs

By Michael Pennington © Copyright 2010 Pennco Coins For some, 2010 was a banner year… Financial firms are expected to pay out an all-time high compensation of $144 billion. The Federal Reserve earned record profits of around $81 billion. Government … Continue reading

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2011 Predictions

Before we explore 2011 predictions, it’s worthwhile to go back and review the highlights from last year’s predictions: 1. Silver was trading for $17.17 on January 1, 2010. I predicted Silver would end the year over $25. This was over … Continue reading

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Prices Fall As Physical Disappears

By Michael Pennington © Copyright 2010 Pennco Coins Since reaching new highs at the end of 2010 gold and silver have been sold off, and the selling has been particularly intense in the last few days. This in spite of … Continue reading

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Headlines & Observations

By Michael Pennington © Copyright 2010 Pennco Coins Bank of America takes a $2.2 billion loss – The charge was to settle some of the home loan claims. Since their money is a gift from the US Taxpayer, it really … Continue reading

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UK Problems Are Intensifying

By Michael Pennington © Copyright 2010 Pennco Coins Recently the British pound fell 3.0% against the US dollar. Some say it was because of UK bank exposure to Spain, which Moody’s warned could be downgraded. Others blamed the UK’s close … Continue reading

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Can The FED Stop Inflation

By Michael Pennington © Copyright 2010 Pennco Coins Any statements by the Fed that it can control inflation are specious arguments because they assume the Fed controls the economy, but, in reality it does not. If it did, we never … Continue reading

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Meet The Foreign Banks You Donated To

By Michael Pennington © Copyright 2010 Pennco Coins Based on their own documentation, we now know for sure that the Fed used $350,000,000,000 of US Taxpayer funds to save these 35 foreign banks: The 35 companies in question (In order … Continue reading

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