Game Plan

by Kevin D. Freeman

17.Steve Forbes, “Advance Look: What the New Gold Standard Will Look Like,” Forbes, Forbes.com, May 8, 2013, http://www.forbes.com/sites/steveforbes/2013/05/08/heres-what-a-new-gold-standard-could-look-like/.

  18.Ralph Benko, “Fiat Money: The Root Cause of Our Financial Disaster,” Forbes, Forbes.com, August 15, 2011, http://www.forbes.com/sites/ralphbenko/2011/08/15/fiat-money-the-root-cause-of-our-financial-disaster/.

  19.“Inflation: The Value of the Pound, 1750–2002,” Research Paper 03/82, House of Commons Library, November 11, 2003, http://www.parliament.uk/documents/commons/lib/research/rp2003/rp03-082.pdf.

  20.Eric McWhinnie, “How Much Gold Exists in the World?,” WallStCheatSheet.com, April 9, 2013, http://wallstcheatsheet.com/stocks/how-much-gold-exists-in-the-world.html/?a=viewall.

  21.“The Many Uses of Gold,” Geology.com, accessed September 2013, http://geology.com/minerals/gold/uses-of-gold.shtml.

  22.Jeanette Rodrigues, “India Urges Resisting Gold as Curbs Fail to Stem Currency Slump,” Bloomberg.com, July 2, 2013, http://www.bloomberg.com/news/2013-07-02/india-urges-resisting-gold-as-curbs-fail-to-stem-currency-slump.html.

  23.“The New Era in Gold Repatriation Will Affect Everything,” Daily Bell, March 5, 2013, http://www.thedailybell.com/28785/The-New-Era-in-Gold-Repatriation-Will-Affect-Everything.

  24.John Browne, “German Gold Claw Back Causes Concern,” January 22, 2013, Euro Pacific Capital Inc., http://www.europac.net/commentaries/german_gold_claw_back_causes_concern.

  25.“The New Era in Gold Repatriation Will Affect Everything.”

  26.Browne, “German Gold Claw Back Causes Concern.”

  27.“The New Era in Gold Repatriation Will Affect Everything.”

  28.Amine Bouchentouf, “How Hedge Funds Influence Gold Markets,” Seeking Alpha, June 27, 2013, http://seekingalpha.com/article/1525222-how-hedge-funds-influence-gold-markets.

  29.Jason Tillberg, “The Hunt Brothers: How They Did It and What We Can Learn from It,” Seeking Alpha, March 4, 2011, http://seekingalpha.com/instablog/170390-jason-tillberg/144117-the-hunt-brothers-how-they-did-it-and-what-we-can-learn-from-it.

  30.Paul Craig Roberts, “Washington Signals Dollar Deep Concerns,” PaulCraigRoberts.com, May 18, 2013, http://www.paulcraigroberts.org/2013/05/18/washington-signals-dollar-deep-concerns-paul-craig-roberts/.

  31.Eric King, “Former U.S. Treasury Official—Fed Orchestrated Smash in Gold,” KingWorldNews. com, April 12, 2013, http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/12_Former_US_Treasury_Official_-_Fed_Orchestrated_Smash_In_Gold.html.

  32.Clara Denina, “Gold Rebounds after Biggest Quarterly Drop on Record,” Reuters, July 1, 2013, http://in.reuters.com/article/2013/07/01/markets-precious-gold-idINDEE9600E120130701.

  33.Mark Skousen, “Are Precious Metals a Good Inflation Hedge?,” Human Events, July 3, 2013, http://www.humanevents.com/2013/07/03/are-precious-metals-a-good-inflation-hedge/.

  34.“The Pros’ Guide to Diversification,” Fidelity, September 4, 2013, https://www.fidelity.com/viewpoints/guide-to-diversification.

  35.James Pethokoukis, “New Study: Gold Won’t Save You from Hyperinflation or Zombie Apocalypse,” AEI-Ideas (blog), January 22, 2013, http://www.aei-ideas.org/2013/01/new-study-gold-wont-save-you-from-hyperinflation-or-zombie-apocolypse/.

  36.David McAlvany and Kevin Orrick, “James Rickards: Currency Wars and $7,000 Gold,” McAlvanyWeeklyCommentary.com, June 28, 2013, http://mcalvanyweeklycommentary.com/june-26-2013-james-rickards-currency-wars-and-7000-gold/.

  37.Katy Barnato, “Gold Prices Could Peak at $5,000: Bank of America,” CNBC.com, September 21, 2012, http://www.cnbc.com/id/49119240.

  38.Matthew J. Belvedere, “‘Gold Is Toast!’ Why It Could Drop to $500: Pro,” CNBC.com, May 15, 2013, http://www.cnbc.com/id/100739703.

  39.“What Is the Cost of Mining Gold?,” VisualCapitalist.com, May 21, 2013, http://www.visualcapitalist.com/what-is-the-cost-of-mining-gold.

  40.Dan Vergano, “Gold on Earth Formed in Collision of Exotic Stars,” USA Today, July 17, 2013, http://www.usatoday.com/story/news/2013/07/17/gold-neutron-star/2521311/.

  CHAPTER SIX

  1.Floyd W. Parsons, “Buggy Whip Maker Still Doing Business,” Milwaukee Journal, October 21, 1931.

  2.Jim Cramer, “There’s Always a Bull Market,” TheStreet.com, http://www.thestreet.com/static/rules25.html.

  3.“An Introduction to Sector ETFs,” Investopedia, April 20, 2012, http://www.investopedia.com/articles/exchangetradedfunds/08/sector-etfs.asp.

  4.Russell Wild, “How to Diversity Your Sector ETF Investments,” excerpt from Exchange-Traded Funds for Dummies, 2nd ed., Dummies.com, accessed September 2013, http://www.dummies.com/how-to/content/how-to-diversify-your-sector-etf-investments.html.

  5.Mark Riddix, “Is Active Investing Right for You?,” Money Crashers, accessed September 2013, http://www.moneycrashers.com/is-active-investing-right-for-you/.

  6.Russell Campbell, “Don’t Give Up on Active Investing—It’s Worth Pursuing!,” CFA Institute, July 12, 2013, http://blogs.cfainstitute.org/insideinvesting/2013/07/12/dont-give-up-on-active-investing-its-worth-pursuing/.

  7.Todd Renfro, “Passive Investors Shouldn’t Rest on Laurels,” Seeking Alpha, June 20, 2013, http://seekingalpha.com/article/1512962-passive-investors-shouldnt-rest-on-laurels-active-investing-may-be-the-future.

  8.Ren Cheng, “Active and Passive Investing: Both Are Essential to Long-Term Financial Market Health,” Fidelity, June 2012, https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/MillenniumBridge.614176.1.0.PDF.

  9.Ibid.

  10.Ted Schwartz, “Active versus Passive Investing: Should You Try to Beat the Market?,” ABCNews.com, March 25, 2013, http://abcnews.go.com/Business/active-versus-passive-investing-surprising-truths/story?id=18806687&singlePage=true.

  11.Prem C. Jain, “Is the Stock Market Efficient?,” American Association of Individual Investors Journal, November 2010, http://www.aaii.com/journal/article/is-the-stock-market-efficient.touch.

  12.Eric Schurenberg, “How I Did It: John Bogle of the Vanguard Group,” Inc.com, September 25, 2012, http://www.inc.com/magazine/201210/eric-schurenberg/how-i-did-it-john-bogle-the-vanguard-group.html.

  13.Gillian Tett, “We Have Entered the World of Disaster Economics” (Financial Times), CNBC.com, July 23, 2012, http://www.cnbc.com/id/48294439.

  14.Michael Kling, “Merrill Lynch: U.S., Western World No Longer Call Shots for Rest of World,” Moneynews.com, July 10, 2012, http://www.moneynews.com/StreetTalk/US-West-g-zero-economy/2012/07/10/id/444884?s=al&promo_code=F6D5-1.

  15.Shai Ahmed, “Western Economies: The New Great Risk?,” CNBC.com, September 17, 2012, http://www.cnbc.com/id/49057380.

  16.Jesse Colombo, “The Dot-Com Bubble,” TheBubbleBubble.com, August 19, 2012, http://www.thebubblebubble.com/dot-com-bubble/.

  17.Shawna De La Rosa, “How Stocks Behave during Hyperinflation,” Zacks.com, http://finance.zacks.com/stocks-behave-during-hyperinflation-8335.html.

  18.“Latin American Inflation,” Economist, November 5, 1998, http://www.economist.com/node/175469.

  19.Alexandra Kirkman, “Bolsa Bargains,” Forbes, Forbes.com, December 11, 2000, http://www.forbes.com/global/2000/1211/0325101a.html.

  20.Joe Weisenthal, “Here’s What Happened to Stocks during the German Hyperinflation,” Business Insider, November 26, 2011, http://www.businessinsider.com/heres-what-happened-to-stocks-during-the-german-hyperinflation-2011-11.

  21.Tyler Durden, “Headlines from 2008: ‘Zimbabwe Stock Exchange Soars as Others Crash,’” Zero Hedge, November 4, 2010, http://www.zerohedge.com/article/headlines-2008-zimbabwe-stock-exchange-soars-others-crash.

  22.John Paul Koning, “Zimbabwe: Best Performing Stock Market in 2007?,” Mises.org, April 10, 2007, http://mises.org/daily/2532.

  23.“Peter Schiff Warns of Martial Law,” Infowars.com, October 5, 2013, http://www.infowars.com/peter-schiff-warns-of-martial-law/.

  24.John Morgan, “MarketWatch: Mom and Pop Inve
stors May Be Buying at the Top Again,” Moneynews.com, August 16, 2013, http://www.moneynews.com/InvestingAnalysis/mom-pop-investors-retail/2013/08/16/id/520740?s=al.

  CHAPTER SEVEN

  1.Reuters, “Dot-Coms Look beyond ‘Stickiness’ and ‘Eyeballs,’” USA Today, August 17, 2001, http://usatoday30.usatoday.com/tech/techinvestor/2001-08-17-dot-com-stickiness.htm.

  2.Kent German, “Top 10 Dot-Com Flops,” CNET.com, accessed September 2013, http://www.cnet.com/1990-11136_1-6278387-1.html.

  3.Cristina Silva, “Federal Report: Home Flipping Drove Housing Bubble” (AP), Boston.com, December 12, 2011, http://www.boston.com/news/nation/articles/2011/12/12/federal_report_home_flipping_drove_housing_bubble/.

  4.“Historical Perspectives: Famous Bubbles,” Frontline, PBS.org, accessed September 2013, http://www.pbs.org/wgbh/pages/frontline/shows/dotcon/historical/bubbles.html.

  5.“Risk-Free Interest Rate,” Princeton.edu, accessed September 2013, http://www.princeton.edu/~achaney/tmve/wiki100k/docs/Risk-free_interest_rate.html.

  6.Jane McGrath, “How Do Bonds Work?,” HowStuffWorks.com, accessed September 2013, http://money.howstuffworks.com/personal-finance/budgeting/bonds.htm/printable.

  7.Securities Industry and Financial Markets Association, “What You Should Know: Risks of Investing in Bonds,” InvestingInBonds.com, accessed September 2013, http://www.investinginbonds.com/learnmore.asp?catid=3&id=383.

  8.David Waring, “The Yield Curve: What It Is and How It Works,” LearnBonds.com, January 17, 2013, http://www.learnbonds.com/the-yield-curve/.

  9.Securities Industry and Financial Markets Association, “About Bills, Notes, and Bonds,” Investinginbonds.com, accessed September 2013, http://www.investinginbonds.com/learnmore.asp?catid=9&subcatid=50&id=101.

  10.Mike Periu, “How the Federal Reserve Sets Interest Rates,” OpenForum.com, July 14, 2011, https://www.openforum.com/articles/how-the-federal-reserve-sets-interest-rates/.

  11.“The Discount Rate,” Board of Governors of the Federal Reserve System, October 15, 2013, http://www.federalreserve.gov/monetarypolicy/discountrate.htm.

  12.Tejvan Pettinger, “Quantitative Easing Definition,” EconomicsHelp.org, December 8, 2012, http://www.economicshelp.org/blog/1047/economics/quantitative-easing/.

  13.G.I., “The Fed Acts, Just,” Free Exchange, Economist, June 20, 2012, http://www.economist.com/blogs/freeexchange/2012/06/operation-twist.

  14.“Relationship between Bonds and Interest Rates,” Wells Fargo Advantage Funds, accessed September 2013, http://www.wellsfargoadvantagefunds.com/wfweb/wf/education/choosing/bonds/rates.jsp.

  15.Rob Williams, “Should You Worry about Bond Funds If Interest Rates Rise?,” Charles Schwab, April 23, 2013, http://www.schwab.com/public/schwab/resource_center/expert_insight/investing_strategies/bonds/should_you_worry_about_bond_funds_if_interest_rates_rise.html.

  16.John Waggoner, “Hidden Danger Lurks in Long-Term Bond Funds,” USA Today, April 25, 2013, http://www.usatoday.com/story/money/columnist/waggoner/2013/04/25/investing-dangers-in-bond-funds/2113479/.

  17.“Understanding Duration,” PIMCO, accessed September 2013, http://investments.pimco.com/MarketingPrograms/External%20Documents/understanding_duration_pu004.pdf.

  18.Jeff Cox, “Deflation Fears Send Investors Searching for Bonds, Dividends,” CNBC.com, May 18, 2010, http://www.cnbc.com/id/37213693.

  19.Philip Moeller, “How to Prepare for a Deflationary World,” U.S. News & World Report, February 1, 2012, http://money.usnews.com/money/blogs/the-best-life/2012/02/01/how-to-prepare-for-a-deflationary-world.

  20.Berkshire Hathaway letter to shareholders, 2011, available at http://s3.documentcloud.org/documents/320606/berkshirehathaway2011ltr.pdf.

  21.“Stocks Riskier Than Bonds? Not If You Think like Buffett,” Forbes, Forbes.com, May 20, 2013, http://www.forbes.com/sites/iese/2013/05/20/stocks-riskier-than-bonds-not-if-you-think-like-buffett/.

  22.Charles Wallace, “Treasury TIPS: A Looming Disaster for Small Investors,” DailyFinance. com, February 4, 2011, http://www.dailyfinance.com/2011/02/04/treasury-tips-a-looming-disaster-for-small-investors/.

  23.“When Bonds Fall: How Risky Are Bonds If Interest Rates Rise,” Welton Visual Insight Series, Welton Investment Corporation, accessed September 2013, https://www.welton.com/uploads/insight/Welton-When_Bonds_Fall_(Visual_Insight_Series).pdf.

  24.Thomas Kenny, “Is There a Bond Bubble?,” About.com, accessed September 2013, http://bonds.about.com/od/Issues-in-the-News/a/The-Bond-Bubble-Fact-Or-Fiction.htm.

  25.Michael T. Snyder, “Have Central Bankers Lost Control? Could the Bond Bubble Implode Even If There Is No Tapering?,” Seeking Alpha, July 5, 2013, http://seekingalpha.com/article/1534982-have-central-bankers-lost-control-could-the-bond-bubble-implode-even-if-there-is-no-tapering.

  26.Snyder, “The Trigger Has Been Pulled and the Slaughter of the Bonds Has Begun,” The Economic Collapse Blog, June 25, 2013, http://theeconomiccollapseblog.com/archives/the-trigger-has-been-pulled-and-the-slaughter-of-the-bonds-has-begun.

  27.Wolf Richter, “Controlling the Implosion of the Biggest Bond Bubble in History,” Zero Hedge, June 23, 2013, http://www.zerohedge.com/contributed/2013-06-23/controlling-implosion-biggest-bond-bubble-history.

  28.Reuters, “Bond Losses of $1 Trillion If Yields Spike, BIS Says,” CNBC.com, June 23, 2013, http://www.cnbc.com/id/100836919.

  29.“Jim Rogers on Bond Bubbles, Buying Gold and the Japan Disaster,” MarketWatch, Wall Street Journal, June 14, 2013, http://blogs.marketwatch.com/thetell/2013/06/14/jim-rogers-on-bond-bubbles-buying-gold-and-the-japan-disaster/.

  30.Lauren Lyster, “Bond Bubble Will Be Bigger Catastrophe Than Real Estate Bust: Casey,” Yahoo! Finance, January 17, 2013, http://finance.yahoo.com/blogs/daily-ticker/bond-bubble-bigger-catastrophe-real-estate-bust-casey-161402082.html.

  31.“Sell US Treasurys Before They ‘Crash,’ Bank of America Says,” Moneynews.com, June 3, 2013, http://www.moneynews.com/FinanceNews/Bank-of-America-Treasurys-Crash-Bonds/2013/06/03/id/507628?s=al&promo_code=13B1E-1.

  32.Stephen Gandel, “Goldman Sachs Braces for Bond Market Blow Up” (Fortune), CNN.com, January 30, 2013, http://finance.fortune.cnn.com/2013/01/30/goldman-sachs-bond-market/.

  33.Jill Treanor, “Bond Bubble Threatens Financial System, Bank of England Director Warns,” Guardian (UK), June 12, 2013, http://www.guardian.co.uk/business/2013/jun/12/bond-bubble-threatens-financial-system.

  34.Jeff Cox, “Long-Term Bond Bubble Getting Ready to Burst: Ross,” CNBC.com, March 21, 2012, http://www.cnbc.com/id/46805820.

  35.Agustino Fontevecchia, “Shutdown and Debt Ceiling Debate Prove U.S. Not Worthy Of AAA Credit Rating: S&P,” Forbes, Forbes.com, September 30, 2013, http://www.forbes.com/sites/afontevecchia/2013/09/30/shutdown-and-debt-ceiling-debate-prove-u-s-doesnt-deserve-aaa-credit-rating-sp/.

  36.“‘Your History Is Wrong’: Chris Wallace Presses Jack Lew for Straight Answers in Heated ‘Default’ Debate,” FoxNews.com, October 8, 2013, http://nation.foxnews.com/2013/10/06/“your-history-wrong”-chris-wallace-presses-jack-lew-straight-answers-heated-‘default’.

  37.Kara Rowland, “White House Says Obama Regrets 2006 Debt Ceiling Vote,” Washington Times, April 11, 2011, http://www.washingtontimes.com/blog/inside-politics/2011/apr/11/white-house-says-obama-regrets-2006-debt-ceiling-v/.

  38.“United States of America Long-Term Rating Lowered To ‘AA+’ due to Political Risks, Rising Debt Burden; Outlook Negative,” Standard and Poors, August 5, 2011, http://www.standardandpoors.com/ratings/articles/en/us/?assetID=124531652956.

  39.Karen Brettell, “Treasuries—U.S. Bonds Soar on Safe-Haven Bid despite Downgrade,” Reuters, August 8, 2011, http://www.reuters.com/article/2011/08/08/markets-bonds-idUSN1E7771RC20110808.

  40.Jeff Macke, “U.S. Is Broke, Can’t Afford to Raise the Debt Ceiling Says Peter Schiff,” Yahoo! Finance, September 26, 2013, http://finance.yahoo.com/blogs/breakout/u-broke-t-afford-raise-debt-ceiling-says-114000942.html.

  41.Alex J. Pollock, “Default and th
e Nature of Government,” Wall Street Journal, March 14, 2012, http://online.wsj.com/article/SB10001424052702304450004577277830065320286.html.

  42.John Griffing, “Monckton: Push ‘Reset’ on Dollar,” WND, September 28, 2013, http://www.wnd.com/2013/09/monckton-push-reset-on-dollar/.

  43.Tom Mitchell, Gina Chon, Ben McLannahan, and Paul J. Davies, “China and Japan Warn U.S. on Default” (Financial Times), CNBC.com, October 7, 2013, http://www.cnbc.com/id/101091268.

  44.Tyler Durden, “Charles Gave Warns: ‘Should the Fed Lose Control, the Downside Move in Markets May Be Terrifying,’” Zero Hedge, June 10, 2013, http://www.zerohedge.com/news/2013-06-10/charles-gave-warns-should-fed-lose-control-downside-move-markets-may-be-terrifying.

  CHAPTER EIGHT

  1.Jon David Kahn, “Termites Feast on Woman’s Life Savings,” Breitbart.com, June 13, 2013, http://www.breitbart.com/InstaBlog/2013/06/13/Termites-Feast-On-Woman-s-Life-Savings.

  2.“Scrap Yard Workers in Queens Search for Couple Who Accidentally Trashed Life Savings,” CBSLocal.com, July 20, 2013, http://newyork.cbslocal.com/2013/07/20/scrap-yard-workers-in-queens-search-for-couple-who-accidently-trashed-life-savings/.

  3.Shira Medding, “Tel Aviv Search for Mattress Containing $1M Life Savings,” CNN.com, June 10, 2009, http://www.cnn.com/2009/WORLD/meast/06/10/israel.mattress.money/.

  4.Bernard Condon, “AP Impact: Families Hoard Cash Five Yrs after Crisis” (AP), Yahoo! News, October 6, 2013, http://news.yahoo.com/ap-impact-families-hoard-cash-5-yrs-crisis-042042926.html.

  5.Ralph Benko, “U.S. Elites Begin to Confront the Paper Dollar,” Forbes, Forbes.com, August 29, 2011, http://www.forbes.com/sites/ralphbenko/2011/08/29/u-s-elites-begin-to-confront-the-paper-dollar/.

  6.Chris Mack, “Is This Time Different for the Dollar?,” ResourceInvestor.com, January 24, 2011, http://www.resourceinvestor.com/2011/01/24/is-this-time-different-for-the-dollar.

  7.Leslie P. Norton, “Coming: The End of Fiat Money,” Barron’s, Barrons.com, July 21, 2012, http://online.barrons.com/article/SB50001424053111904346504577531052271788084.html#articleTabs_article%3D1.