Given the scary news headlines that are commonplace, should you put your money in banks, gold, or stocks? Our resident economist, Wayne Jett, offers his advice.
Wayne Jett is a registered investment adviser who serves as managing principal for Classical Capital, LLC that is based in San Marino, California. A staunch proponent of monetary and tax reform, Jett recently completed and released his newest book called “The Fruits of Graft: Great Depressions Then and Now” that’s available from his website and online stores like Amazon. He is also the author of an earlier book called “A General Theory of Acquisitivity” that combines free market economics with theoretical, moral, and ethical underpinnings.
Click here to listen to an excerpt of Jett’s last appearance on the radio show on Apr. 26.
References
How Paulson Gave Hedge Funds Advance Word of Fannie Mae Rescue
By Richard Teitelbaum
Bloomberg
Nov 29, 2011
Pentagon Report Reveals Financial Terrorism Suspected in 2008 Economic Crash
Marinka Peschmann
3 March 2011
Deep Capture Blog
The Deep Capture website was created to bypass the “captured” institutions that mediate our nation’s discourse. It was initially funded by Patrick Byrne, CEO of Overstock.com, but it is not part of Overstock. It functions as a separate, limited liability media company, whose co-owners and managers are Evren Karpak and Mark Mitchell.
Glass–Steagall Act (repealed 1999)
From Wikipedia, the free encyclopedia
The Banking Act of 1933 (Pub.L. 73-66, 48 Stat. 162, enacted June 16, 1933) was a law that established the Federal Deposit Insurance Corporation in the United States and imposed banking reforms, several of which were intended to control speculation.
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/exr24_eu_en_2.gif)
From George Ure’s UrbanSurvival.com
June 8, 2012
Falling DOWn
Robin Landry and I chatted for a few minutes Thursday and he’s seeing this as an Elliott wave (iv) – a short counter-trend rally – while we set up to complete wave 1 of the larger Super Cycle 3 down. A target? Could go as low as the 1,137 S&P level but maybe a breather on the way down around 1,243. But we’ll just hold our shorts for now and see what happens this morning, although the early check of futures looked like someone got out the Slip & Slide and set it up overnight.