Reuters has published an exclusive report documenting that Obama Administration has been directing agents to cover up another program being used to investigate Americans using the very phone calls they claim nobody listens to that has nothing to do with terrorism. This latest “terror” claim that is undefined and worldwide has all the earmarking of […]

The mantra of Goldbugs has been that paper money is worthless and only gold is money. That is pretty much like saying the earth is still flat. Money has historically been many things and gold is only one of them. The issue is always the fact that money (regardless of what it is) rises and […]

The Cyprus Bail-In seems to be coming in as 47.5%. Keep in mind that the loss is due to the banks holding debt from Greece that the EU promised would never happen. The entire European Banking System is at tremendous risk. Aside from the issue of proprietary trading that went sour as in New York, […]

Congress goes on vacation for a month and upon return the fight will be the budget and debt ceiling. Obama is already trying to blame the Republicans for undermining his proposals for the Middle Class. But this is really a joke. If you just look at Detroit, about 50% of all tax revenue is going […]

A number of people have asked: What do you expect after 2015.75? Is it possible that the shift in capital after the turning point would be an early move back into gold? That you so much for explaining hyperinflation and deflation. People do not appreciate how economic shocks are always followed by economic reforms. The […]

When the founders of the United States put pen to paper, they outlawed DIRECT TAXATION to preserve liberty. The American Revolution slogan was NO TAXATION WITHOUT REPRESENTATION. Now G20 backs new tax transparency plan that will be the fatal blow to the world economy. The new tax reform action plan has won the support of the G20, […]

The US government reported a budget surplus of $116.5bn in June, the most in five years. This is part of the trend of stagflation – rising costs with rising prices and slower economic growth. So much for hyperinflation.  http://www.bbc.co.uk/news/business-23280737

QUESTION: “So Deutsche Bank is bankrupt and US investment and commercial banks are at big risk from rising yields, but all the stock prices are still going up because people will trust owning Goldman or Barclays stocks over owning government bonds???” ANSWER: I seriously doubt that bank stocks will do well. During the Sovereign Debt […]

COMMENT: Marty – You are correct I believe in regards to Germany during the 1919-1923 period and even beyond…It was taken over by the Bolsheviks. You’ve alluded to the revolutionary Marxist takeover and government in Germany at this time…a fact many people probably aren’t aware of.   Also, what many don’t realize is that CHAOS […]

The rise in interest rates will have a major impact upon commercial and investment banks. Believe it or not, their models are incapable of forecasting major changes in trend. They are far too short-term oriented and are created by quants with no real historical debt. That was the subject of When Genius Failed: The Rise and […]