QUESTION: No.1: “Today you wrote “Democrats Continue to Try to Destroy Republican Party”….. How does this end?  What is the sequence of events?   When do they come after the wealthy?  How do you protect your wealth? ”  QUESTION: No.2: “I understand the process, but do you ever think logic will prevail? Obama is the President […]

FX Concepts was once the largest currency hedge fund in the world. It has now announced that it too is shutting down faced with poor performance and massive withdrawals of investment. They have announced that the asset levels have declined and are no longer viable to sustain a business. As the G20 gears up to […]

The crisis we face in Pension is indicative of the entire problem with Socialism – it just does not work. What is unfolding now is quite simple. Pensions present a very tempting source of funds for cash-strapped governments who desperately need to fill in holes in their overall budgets, Governments have borrowed every year with no […]

QUESTION: Some analysts “expect that the u.s. treasury will keep interest rates low for many years. they quote japan`s so-called “lost decade” as a precendant and appear to expect that such artificial supression will in fact work ( obviously against what you consider “market forces”). which poses the question: does japan`s “lost decade” conform to the ECM […]

The real “Men in Black” who oversee the US government, the European troika of the IMF, ECB and EU who blew up Greece , Ireland, Iceland and are still working on Portugal, Spain, Italy and Austria (just to mention a few), are warning Obama that he better not default on the debt for political gamesmanship. […]

Almost two years ago Warren Buffett called India the “dream market” and now the economic growth collapsed to a snail’s pace and the nation’s debt ratings are at risk of being cut to junk. Consequently, India has been obsessed with their current account deficit failing to grasp the idea that capital investment inflows result in outflows of […]

Finally, the political pressure is building to bring some sort of criminal charge against a New York Bank. The Justice Department has been pursuing criminal charges against J.P. Morgan & Co regarding the sale of mortgage securities that the allegation is based on information from an inside person from the bank. The gist of this will […]

The crisis in Long-term Capital Management that began with Russian debt spread and hit every market with lightening speed. Even the dollar/yen fell from 147 to 103 in just days. Why? It is called contagion. Major investment is spread-out internationally. As a crisis unfolds for one region, it spreads by forcing liquidation of other markets […]

In the Dow Jones Industrials, the index would only yield a sell signal on a month-end closing below 13890. On the Cash S&P500 we are looking at 1340 for a sell signal. In Gold we need a month-end close above 1620 and a sell signal comes in below 1321. In Silver we need a closing […]

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 […]