QUESTION: Will the Fed still taper? ANSWER: The Fed ‘tapering’ will happen but it is not truly impacting the economy. That is the whole fallacy about what is going to happen. Buying the mortgage back securities does nothing for the economy. This has neither been inflationary nor stimulating.WHY? The theory is the Fed is actually injecting […]

COMMENT: “Money will no longer be tangible?  Declaring that the tangibility of money is dead will not make it so.  Goods will always be tangible and must be traded, bought, sold in with some kind of accepted tangible commodity — be it seashells, beads, or gold and silver.  As you mentioned, paper money, when accepted, was […]

Just one day after India increased the taxation on gold to 10%, the Reserve Bank banned the sale of gold coins, medallions and dores without a licence from the foreign trade office. The Reserve Bank is out to end the capital outflow from India that is going into gold. We are seeing an increased trend toward this in […]

The drive to eliminate cash and move to 100% electronic money remains in full force. The Swiss are coming under pressure to eliminate the 1,000SF note from other countries fearing money can be hidden in cash avoiding taxes. The Swiss would never admit that they are doing this because of pressure, but this is what […]

Some define hyperinflation as merely the cumulative inflation rate over three years approaching or exceeding 100% with an annual rate above 25%. The reason I do not agree with that definition is because many countries have had brief periods of inflation at that level, survived, and even the currency lives for another day. The USA […]

Glenn Greenwald has been championing Edward Snowden and has reported that the Email service used by Snowden has shut itself down, warning against using US-based companies: ‘Google, Facebook, Microsoft, Yahoo, Apple, and the rest of our internet titans. He askes why have these companies rolled-over and are not fighting for our interests the same way. The […]

The Euro on the cash reached 13359 yesterday and we our weekly resistance is 13357 for this week so a closing below that will warn that the euro may have reached a high 23 days up from the July 9th low (we are currently trading at 13341). Eventually, a weekly closing beneath 12800 will signal […]

The US has been using the British and the Germans to spy on Americans as they in turn gather evidence on their citizens and they are all avoiding the the law. “Parallel Construction” is a term used within government when they are creating fictitious documents to pretend how a case against any citizen actually begins. The […]

Obama effectively has outright lied to the world and the American people. He said the NSA posed no risk because it was overseen by Congress. What has emerged now is that is simply not true. This is a hunt for money on a grand scale. If this statement is wrong, then simply pass an act […]

QUESTION: Do you think gold would be confiscated by government as was the case by Roosevelt? ANSWER: Absolutely. It is a question that we must confront. As long as they think money is tangible and they seek to satisfy the bankers by servicing the debt, then they will do whatever it takes to retain power. […]