Many of the Goldbugs will be happy to hear that the London Bullion Market Association (LBMA) says it might start charging member banks more or even dissolving the Gold Forward Offered Rates (GOFO) – the rate at which dealers will lend gold against US dollars – due to new financial market regulations. The push for regulation stems […]

QUESTION: Martin, The thing that gets me is when so-called precious metal “experts” say such thing as the silver inventory is very depleted at the COMEX or the gold inventory is very depleted and someone can come in and purchase up all the remaining  inventory and then you have a default. come on , really, the seeds they sow. […]

The stories that Putin is the richest man in the world are nonsense emerging from Stanislav Belkovsky who is a former computer programmer turned political consultant. Belkovsky was hired by Boris Berezovsky who once admitted to hiring to him to raise Russian nationalist forces against Putin to further the Safra attempted takeover of Russia. The project […]

QUESTION: You said all along Yellen would be in. Why? ANSWER: The markets have cheered the news that Larry Summers would not replace outgoing Fed Chairman Ben Bernanke. On the Hill, both the Republicans and Democrats were deeply skeptical of Summers because of his connection with the bankers and many blamed him for the 2007-2009 financial […]

COMMENT:  “You should stop this anti-union propaganda nonsense. Before unions, children used to work in dangerous factories at 12 years old and their fathers died at 30 from cancer if they had the chance not to get crushed by the machines themselves. Before unions, life wasn’t better: if was far worse. You should stop the […]

Of course the American commentators are hurling nothing but insults at Putin for his Op-Ed in the New York Times. They dare to say with chemical weapons being used in Syria, he has no moral standing. Putin rightly points out that there is a serious casualty here and that will be the United Nations. “No […]

The US prosecutors filed a civil complaint and are looking to seize luxury apartments and other property they allege Russian companies used to launder proceeds from a $230 million tax fraud in Russia. The alleged scheme was uncovered by Sergei Magnitsky, the lawyer who died in a Russian prison. The complaint alleges the organization stole corporate identities […]

The Guardian was the first the break the news as always on the latest NSA scandal – this time it is defeating encryption services for people’s bank accounts to private sensitive corporate information. The Guardian has been joined by the New York Times and ProPublica. All three have now jointly reported that the NSA has […]

Small business is far too often the victim of nasty state tax collectors who seem to live to destroy jobs and businesses so they climb the ladder to get gold stars. New York State attacked the Melleadys who opened a Philly Pretzel franchise. The state tax collectors are free to interpret the laws any way they […]

As strange as this all gets, Syria’s main ally is Tehran. This is why the Saudi’s want Syria gone. But as always, political views only change with economics. Communism fell not because of some battle to the death. Communism collapsed all by itself because it was economically a disaster. In Iran, the June elections ushered in […]