Today I want to discuss what happens when a commercial bank fails, and what the FDIC has done historically. Typically, if a bank fails, we’re going to see the FDIC come in and either arrange the sale of the bank to another healthy bank or the FDIC will take control of it. The FDIC says…
Today we’re going to discuss FICO score , what it is, the components and how to improve. First off, if you apply for any type of loan, auto, mortgage or credit card, the lender is going to look at your FICO score. FICO doesn’t produce the score itself but provides the software for the credit…
Price / Earnings Ratio shows what the market is willing to pay today for a stock based on its past or future earnings. A high P/E ratio could mean that a stock’s price is high relative to earnings and possibly overvalued. Conversely, a low P/E ratio might indicate that the current stock price is low…
Welcome, now is a good time as any to discuss the key things one needs to do prepare for a disaster scenario. We’ve seen the banking system falling apart in 2023, international relations with several countries rapidly deteriorating and much fear of these spreading and we’ve got an explosive national debt that just keeps going…
In this post we discuss how we can fix Social Security and why in my opinion the expected date of it to run out, which is 2034, might be sooner than predicted. Now, important point, it’s expected that benefits will be reduced to 77% by then, but I think the shortfall in the security fund…
In today’s post I want to talk about the plan to mine metals from the moon, what it means for precious metal stackers and whether precious metal stackers should be scared of a massive price decline. To begin, it’s now been confirmed by NASA that NASA is looking to operate a pilot processing plant for…
If you’re not familiar with Palladium, Palladium is a relatively new precious metal, not having the long history like gold and silver. One very appealing fact about Palladium is just how rare it is, it’s very rare, being some 15 times rarer than Platinum which is rarer than gold. That said, Palladium is a very…
In today’s post I want to talk about what happened during the great recession with gold prices. All too often, I hear people say that precious metals declined during the great recession, so it really makes no sense to own them. So, I want to unpack what happened during that time frame, the primary reason…
