The Golden Age Is Here
http://www.321gold.com/editorials/thomson_s/thomson_s_080712.html
The Truth about TARP
The free money for crooked bankers program
http://www.youtube.com/watch?v=47aHCpYaNkU&feature=player_embedded#!
Friday, August 10, 2012
Tuesday, August 7, 2012
Weimar Greece
Weimar Greece
The debt owed by Greece is in the neighbourhood of US $345 billion (reports vary). The likelihood of eventual repayment is very slim indeed. The logical solution would be to allow a collapse. To be sure, both blood and red ink would flow, but, as a result, Greece would emerge sooner as a country of people who learned, painfully, that their only solution is to pick up their socks and begin to rebuild. But this will not happen.
Challenging the Paradigms of Investing
A strong dollar doesn't mean the end of the world for gold.
(Click on image to enlarge)
Euro Coal-Prices rally to $95/T, highest since April
Saturday, August 4, 2012
Priced for Collapse
Priced for Collapse by Peter Schiff http://lewrockwell.com/schiff/schiff173.html
Why the Deflationists' Argument Is Wrong in Both Theory and Historical Fact
Marc Faber Says Hold Up Investing for 10 Days
Turk - Gold Is In Backwardation & About To Rocket Higher
Iranian Leader Says War May Happen Within Weeks
http://thenewamerican.com/world-news/asia/item/12289-iranian-leader-says-war-may-happen-within-weeks
Unemployment rises, hundreds of thousands quit looking
Thursday, August 2, 2012
Planets Align for Stock Market Crash in 2013 − If Not Sooner
This Chart From The 70s Gold Bull Market Will Shock People
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/8/1_This_Chart_From_The_70s_Gold_Bull_Market_Will_Shock_People.html
Hathaway - We Are About To See $100+ Up Days In Gold
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/7/29_Hathaway_-_We_Are_About_To_See_$100+_Up_Days_In_Gold.html
You cannot get the water to clear up until you get the pigs out of the creek. - Author unknown
The ECB is the only European institution that can conceivably bail out the PIIGS. It can do this only by debasing the euro. Inflation is the only option. There will be no fiscal union, except one that is imposed illegally. In any case, it cannot come before the end of the year. It is unlikely to come by the end of 2013. But the eurozone's banking system does not have until the end of the year. It must have a bailout now – one large enough to carry the banks and governments of Spain and Italy through the recession. 
Planets Align for Stock Market Crash in 2013 − If Not Sooner Argentina Begins to Implode
In Argentina, the situation continues to spiral out of control. The government there has effectively banned the conversion of Argentine pesos into U.S. dollars and has also instituted all-out capital controls to prevent the flight of all U.S. dollars still held in Argentina. As a result, the black market exchange rate for U.S. dollars is nearly 50% higher than the official exchange rate quoted by the government. Moreover, the Argentine government is so concerned about the flight of U.S. dollars that its citizens cannot exit the country without a blessing from the Argentine tax authority and a once-over by cash sniffing dogs.
Meanwhile, the real inflation rate is expected to top 30% in 2012, and promises by the Argentine government that they will not devalue the peso seem laughable to everyone but government officials. In an effort to prop up the peso, the Argentine government is forcing property owners and lenders to accept Argentine pesos in lieu of U.S. dollars. Fearful that all U.S. dollars left in the system may be confiscated, many Argentines are withdrawing whatever U.S. dollars they have and putting them in safety deposit boxes, leaving a shortage of available safety deposit boxes in Buenos Aires. Why Argentines believe their government will act with more restraint than the United Kingdom is unclear. (British Government Raids 7,000 Safety Deposit Boxes)
The Argentine boom/bust cycle is happening again, as it does nearly every decade. This time is no different, despite what Keynesian economists might say. |
"No government ever voluntarily reduces itself in size.
Government programs, once launched, never disappear." ~ Ronald Reagan |
China 's PMI at 8-month low
Wednesday, August 1, 2012
China prepares vast stimulus as slump threatens Asia
Wall Street Legend Sandy Weill: Break Up Big Banks
Norway is one of the most heavily taxed countries in the world with a total tax burden of roughly 45% of GDP-- almost 4x Hong Kong and nearly twice the US.
Treasuries Shot Up ...
Then Came Tumbling Down!
Then Came Tumbling Down!
Treasury bonds completed what is known to technicians as a "weekly outside reversal." That means Treasury bonds made a new,
52-week high last Wednesday, but finished the week lower thanks to Friday's big decline. You can see this in the chart below.
Greece 'on the brink' as cash reserves dry up
Spain Reports Record Capital Flight
Swiss National Bank overwhelmed in desperate campaign to devalue franc
China prepares vast stimulus as slump threatens Asia
Tuesday, July 31, 2012
11 Signs That Time Is Quickly Running Out For The Global Financial System
(Click on image to enlarge)
In that period of falling prices, the CPI was only down 1-2%. If we take a look at Japan's monetary base, however, there was only one period where it actually contracted, and that was between 2005 and 2010. But the period that the deflationists like to talk about - 1989 going forward - Japan's monetary base expanded every year. Government spending expanded viscerally.
Silver: Supply and Demand
U.K. Jun M4 money supply fell -1.6% m/m and -5.2% y/y, the biggest annual decline since the BOE began money supply data in 1983.
For a second time this month, China's Ministry of Railways said it will increase spending on China's railroads and bridges this year after it announced plans to spend 470 billion yuan ($74 billion) on projects this year, 4.8% higher than a July 3 projection.
Monday, July 30, 2012
All Investment Avenues are Rigged
Doug Casey on Crisis Investing, Political Risk, and a Benign Anarchy!
Spanish jobless rate 24.6pc, youth unemployment at 53pc
The desire of gold is not for gold. It is for the means of freedom and benefit. ~ Ralph Waldo Emerson
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All Investment Avenues are Rigged
No Housing Recovery In These Three Charts
Ten Italian cities at risk of bankruptcy, schools may not reopen
"I expect a gold price of 7.000 dollars by the next several years"
Saturday, July 28, 2012
Your Bank Is Robbing You
Should You Save Your Money or Hide It Under The Mattress? A major problem is that Americans grew up without significant training in how to handle money.
(Click on images to enlarge)
Cuba to end Soviet-style economy and will implement market friendly policies
Gold Futures CoT 4
Bearish futures traders are a bullish omen.
I do not believe that hyperinflation is inevitable. I think it is unlikely. I do think that a Great Default is inevitable. Governments will default when the workers who are paying into Social Security and Medicare finally figure out that (1) this is not in their self-interest and (2) they outnumber the geezers.
Central bankers are arrogant. They really do think they have the upper hand. They really do think fiat money creation by central planners (themselves) is more powerful than free market forces (investors). They really do believe that they can find a suitable middle/muddle road between deflationary collapse and hyperinflation. So, they will not pull out all the stops. They will not hyperinflate unless Congress compels this.
Paul Volcker is the model. He reversed the policies of the ill-equipped G. William Miller, who was persuaded to resign by Carter after only 18 months in office. Volcker stuck to his guns from the fall of 1979 until August 13, 1982. By then, the public had lost its fear of inflation. It had gone through back-to-back recessions.
Volcker saved the dollar and the bond market. He let the politicians pay the price: first Carter, then Reagan. Reagan weathered the storm because the economy had turned back up by 1984. He smashed Walter Mondale.
The leverage is much greater today. The leverage of the big banks is much greater. The public still trusts Bernanke and Draghi. The investors think the central banks can save the system from a catastrophe. I don't. But I think the central banks have their choice of catastrophes: deflation/depression vs. hyperinflation/depression. I think they will try to navigate a middle ground, but when push comes to shove, they will risk a controlled deflation, with selective bailouts for the largest banks.
The central banks are not there to save the governments, which come and go. They are there to save their clients: the largest banks. They know where their bread is buttered.
But if Congress ever nationalizes the FED, then hyperinflation is a real possibility.
David Rosenberg Points To One Indicator That's Showing No Sign Of A Housing Recovery
From Natural Resources to Currency Wars w/Rick Rule & Jim Rickards
 | Two King World News Blogs
The first is with Citi analyst Tom Fitzpatrick...and it's headlined "Special Friday Gold & Silver 'Chart Mania'". The second blog is with Peter Schiff...and it's entitled "Gold Just Broke Out & Is Now Off To The Races". Both of these are must reads.
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2012 a crop year many want to forget
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