QUESTION: Martin…have been wondering if you could comment, on your email blasts,something with regards to derivatives.  Who invented them?  When were they invented?  For what purpose were they brought into being?  Buffett has called them weapons of mass financial destruction, while folks like Lindsey Williams, have mentioned them as being part of the system that will […]

The three main countries where capital has been hiding not for taxes, but for sheer safety are Switzerland, Singapore, and Dubai. Yes, the Arab Spring has turned up political unrest and uncertainty in the Middle East. Turmoil has hit Egypt, Libya, and Syria just to mention a few. Throughout the region people are looking for […]

Like the pink energizer Bunny, the DEBT CRISIS just keeps going. The solutions of the EU, IMF, and the USA, are simply brain-dead. They offer nothing to solve the problem and hope beyond dreams that some miracle will happen and it will all go away. Greece has apparently cheated on its current deficit messages to the […]

France is now proposing that all emails and data leaving the EU should be taxed. This is their response to the NSA. Meanwhile, Europe has backed off and allows Google and Facebook to share all info with the NSA refusing to protect European citizens at least until 2015.

We have to admit that Edward Snowden has exposed the most insane conduct that any government can possibly do – spy on everyone everywhere. Obama and Feinstein have been forced to concede that the NSA will stop monitoring friendly leaders of countries. That does not mean they will not monitor everyone else or stop vacuuming […]

Italy has plunged into the political incapacity for over the weekend Silvio Berlusconi,split his own party. Thus, the government Enrico Letta is actually left completely incapacitated for he does not even know who the opposition is any more. Unemployment among the youth in Italy is 40%+. The EU Commission will not even allow any democratic process to […]

Thank you so much for your protection Dodd Frank – you are so thoughtful. As of October 28th, 2013, you cannot wire money out of the USA any more. God forbid, there may be some terrorist with a camel pretending to be your aunt Sadie who will intercept that wire and blow up some ladies […]

From JP Morgan: Due “to the new regulatory requirements you can no longer send foreign currency/foreign wires out of an individual brokerage account. Therefore, we will no longer be able to facilitate this for you unless the account is in entity name. This is all governed under the REG E (Dodd Frank) if you have […]

NSA has now been caught tapping all phone calls in Spain. According to BBC, they monitor 60 million Spanish phone calls per month. On top of that, it has also been revealed that Japan rejected the NSA tapping into the Asian-Pacific cables. These people are taking absolutely every phone call in the entire world. To […]

The Dow Jones closed last week above 15438 settling at 15570 but not yet above 15679. This suggests we should press a bit higher, but we are not in take-off mode just yet. Nevertheless, we should press high into this week where we may see the intraday high or the highest weekly closing.