(Ben Traynor) The spot market price of buying Gold climbed to $1728 an ounce Monday morning London time – a slight drop from last week’s close – while stock markets, commodities and the Euro all fell and government bond prices rose as European leaders met for their latest summit in Brussels. The cost of buying Silver fell to $33.08… [Read more…]
December 16, 2011
(Zero Hedge) In order to get to the bottom of every collapse (or death), a forensic analysis of the last minutes of any transition from life to death has to be perormed. So far, we have only had broad strokes of the key events in the last days of MF Global as obviously many of… [Read more…]
December 15, 2011
(Activist Post) In 2011, it is scarcely even possible to keep up with the new methods of surveillance and control being introduced by governments, corporations, and universities on what seems like a daily basis. I, myself, have had quite a time over the last few months trying to keep track of them all. Indeed, in… [Read more…]
December 15, 2011
(Brandon Smith) A friend of mine took note recently that a large portion of activists involved in the Liberty Movement had hit extremely hard times, or had been struggling financially even before the general economic collapse began to take hold. He asked me my theory on why it was that so many of us are… [Read more…]
December 13, 2011
(Economic Collapse) What happens when you attempt a cold shutdown of one of the biggest debt spirals that the world has ever seen? Well, we are about to find out. The politicians in Europe have decided that they are going to “take their medicine” and put strict limits on budget deficits. They have also decided… [Read more…]
December 6, 2011
Georgios Provopoulos, the governor of the central bank of Greece, is a man of statistics, and they speak a clear language. “In September and October, savings and time deposits fell by a further 13 to 14 billion euros. In the first 10 days of November the decline continued on a large scale,” he recently told… [Read more…]
November 17, 2011
(John McCormack) General Electric, one of the largest corporations in America, filed a whopping 57,000-page federal tax return earlier this year but didn’t pay taxes on $14 billion in profits. The return, which was filed electronically, would have been 19 feet high if printed out and stacked. The fact that GE paid no taxes in… [Read more…]
November 17, 2011
(CBS) It’s not over yet. In fact, it may be just beginning. New York City leaders are warning that thousands of protesters could converge on Manhattan on Thursday. The NYPD is now getting ready for the next stage of “Occupy Wall Street” protests, reports CBS 2′s Marcia Kramer. It may have looked peaceful at Zuccotti… [Read more…]
November 16, 2011
(Kurt Nimmo) Following trends forecaster Gerald Celente’s RT and Infowars Nighty News interviews on MF Global swindling his gold futures, the corporate media has sheepishly reported on the scandal of organized thievery that serves as another indicator that the bankers will not rest until they loot the entire economy and leave all of us homeless… [Read more…]
November 16, 2011
(Paul Joseph Watson) Days before the doomed financial broker filed for bankruptcy, MF Global conducted “unexplained wire transfers” that led to a $900 million shortfall in client funds, leading customers like Gerald Celente to learn that their accounts had been looted and setting the precedent for internal bank runs as more big firms go bust.… [Read more…]
November 15, 2011
(CNNMoney) Mortgage finance giants Fannie Mae and Freddie Mac received the biggest federal bailout of the financial crisis. And nearly $100 million of those tax dollars went to lucrative pay packages for top executives, filings show. The top five executives at Fannie Mae received $33.3 million in 2009 and 2010, while the top five at… [Read more…]
November 15, 2011
(Gerald Celente Blog) Gerald Celente talks Trade Wars, Eurozone Breakup, and MF Globle “MF’ers” on Capital Account .MF Global was run by John Corzine and Bradley Abelow…former GOLDMAN SACHS EXECS…if you play with snakes you WILL get bit…I think Gerald Celente should have stayed out of paper games, as he preaches, so I don’t feel… [Read more…]
November 11, 2011
(Video Rebels Blog) Catherine Austin Fitts said we are witnessing a Leveraged Buyout of the world that will permanently end democracy. The elite has bought all the politicians and the media. They have stolen enough money to earn 2 trillion dollars a year from their investments. She said 2 trillion dollars a year is sufficient… [Read more…]
October 17, 2011
(Washington’s Blog) I’ve long supported the campaign to “Move Your Money” from the giant, insolvent banks who take billions in bailouts and use the money to speculate and to corrupt the system to smaller banks. See thisand this. The Occupy Wall Street protesters have announced that November 5th is “Bank Transfer Day”, a targeted day… [Read more…]
October 8, 2011
(Telegraph View) Sir Mervyn King, the Governor of the Bank of England, this week called the current financial crisis “the most serious… since the 1930s, if ever”, in justification for a further £75 billion of “quantitative easing”. Since Sir Mervyn cited the chaos of the inter-war years, it seems appropriate to quote Winston Churchill: “Want… [Read more…]
October 7, 2011
(Economic Collapse) The U.S. economy is dying and most American voters have no idea why it is happening. Unfortunately, the mainstream media and most of our politicians are not telling the truth about the collapse of the economy. This generation was handed the keys to the greatest economic machine that the world has ever seen,… [Read more…]
October 7, 2011
(Kurt Nimmo) Chris Burris, writing for Lew Rockwell’s website yesterday, makes a good point about the Occupy Wall Street movement – they are barking up the wrong tree. Instead of occupying a park outside of Wall Street, they should march en masse to 33 Liberty Street. That’s where the New York Fed is located. In… [Read more…]
October 4, 2011
(Economic Collapse) Will the bad financial news ever stop? A lot of people in the financial world were hoping for a much better fourth quarter after an absolutely disastrous third quarter. Well, if Monday was any indication, October could end up being a really rough month for global financial markets. So much bad financial news… [Read more…]
October 2, 2011
(Paul Harris) Hundreds held by NYPD – including New York Times journalist – after attempted march across bridge ends in chaos. More than 700 people were arrested on the Brooklyn Bridge on Saturday evening during a march by anti-Wall Street protesters who have been occupying a downtown Manhattan square for two weeks. The group, called… [Read more…]
October 2, 2011
(Ron Hera) Earlier this week I attended the Utah Monetary Summit in Salt Lake City, Utah. As you may know, the state of Utah passed a Legal Tender Act earlier this year authorizing the use of federally minted gold and silver coins as money in the state of Utah. Now, legislators in other states, many… [Read more…]
August 27, 2011
(Bob Yirka) For many years conventional wisdom has said that the whole world is controlled by the monied elite, or more recently by the huge multi-national corporations that seem to sometime control the very air we breathe. Now, new research by a team based in ETH-Zurich, Switzerland, has shown that what we’ve suspected all along,… [Read more…]
August 17, 2011
The truth has been so twisted and turned that our belief system in America has become our biggest enemy. We believe that the stock market is an independent structure, operating within government guidelines… But when we open up government’s Institutional Fund and Pension Fund investment portfolios and asset listings, we can easily find that the… [Read more…]
August 10, 2011
( Mark Koba) London is reeling from three nights of rioting that’s poured hundreds of people into the streets, leaving several local neighborhoods in shambles. One man is dead, dozens injured and arrested. Leon Neal | AFP | Getty Images Two police cars and a large number of buildings were on Saturday set ablaze in… [Read more…]
August 9, 2011
( JeeYeon Park) Stocks saw its biggest one-day gain since May 2010 Tuesday after a wild market session as investors snapped up beaten-down stocks and following a Fed statement to keep interest rates near zero for at least two more years. The Dow Jones Industrial Average soared 429.92 points, or 3.98 percent, to close at… [Read more…]
August 8, 2011
(JeeYeon Park) Stocks took a sharp nosedive in another choppy day Monday to finish at session lows as investors fled from risky assets following S&P’s downgrade of U.S.’s credit rating last week in addition to ongoing economic jitters. The Dow Jones Industrial Average plunged 634.76 points, or 5.55 percent, to finish at 10,809.85, well-below the… [Read more…]
August 8, 2011
(Reuters) – Bullion roared to record highs above $1,700 an ounce on Monday as an unprecedented downgrade to the U.S. credit rating sent investors scrambling out of riskier assets, hammering equity markets and the dollar. Both U.S. gold futures and cash gold could rise further if pledges by the Group of Seven nations to support… [Read more…]
August 7, 2011
(Alexander Higgins) The first two markets to open following news of the U.S. AAA credit rating cut, Saudi Arabia and Israel, both immediately crashed over 5% after the opening bell. Here is a prelude to what U.S., European, Asian markets face when they open tomorrow morning. Earlier Zero Hedge reported Saudi Arabia stocks crashed 5.5%… [Read more…]
August 7, 2011
(Thomas Dishaw) White House staffers enjoyed a hefty raise this year,some upwards of 83% over last year. Some notables in this class are Matthew Vogel who received a $59,000 raise. He is the Special Assistant To The President for Economic Policy. The way the economy has been performing he should be getting fired,not rewarded with… [Read more…]
August 5, 2011
( Zachary A. Goldfarb) Standard & Poor’s announced Friday night that it has downgraded the United States credit rating for the first time, dealing a huge symbolic blow to the world’s economic superpower in what was a sharply worded critique of the American political system. Lowering the nation’s rating one-notch below AAA, the credit rating company said… [Read more…]
August 4, 2011
( JeeYeon Park)(Stocks plunged sharply Thursday, with the Dow down more than 500 points, in its worst one-day drop since December 2008. All three major averages tumbled into negative territory for the year as investors were rattled over an intensifying global economic slowdown and ahead of the widely-followed monthly unemployment report. The Dow Jones Industrial Average plummeted 512.76… [Read more…]
August 4, 2011
( JeeYeon Park) Stocks eased off their session lows but were still sharply lower across the board in another volatile session Thursday as fears over a global economic slowdown intensified and ahead of the widely-followed monthly unemployment report. The Dow Jones Industrial Average plunged over 2 percent, led byCaterpillar [CAT 91.57 -4.71 (-4.89%) ] and Alcoa [AA 13.43 -0.83 (-5.82%) ], after rebounding from a deep selloff in the… [Read more…]
August 4, 2011
(yahoo news) US debt shot up $238 billion to reach 100 percent of gross domestic project after the government’s debt ceiling was lifted, Treasury figures showed Wednesday. Treasury borrowing jumped Tuesday, the data showed, immediately after President Barack Obama signed into law an increase in the debt ceiling as the country’s spending commitments reached a breaking point… [Read more…]
August 3, 2011
(NaturalNews) Most people, even smart people, know surprisingly little about the way money really works in Big Government. With the debt ceiling fiasco suddenly raising awareness of the possibility of a total global financial blowout, now seems like a good time to remind people ofseven disturbing factsabout money that are almost never acknowledge in the… [Read more…]
July 31, 2011
(newsbad.com) Are you prepared for the worst? If not you might wan’t to check out this list of 100 to disappear fast as conditions deteriorate on planet earth! 1. Generators (Good ones cost dearly. Gas storage, risky. Noisy…target of thieves; maintenance etc.) 2. Water Filters/Purifiers 3. Portable Toilets 4. Seasoned Firewood. Wood takes about 6 – 12 months… [Read more…]
July 26, 2011
(Mr.Average) Hi. My name is Mr. Average. I call myself Mr. Average because I believe that most people are neither pure Republican nor pure Democrat. For example, I support the right to bear arms as stated in the Second Amendment. I do not think that illegal aliens should be given a path to citizenship.… [Read more…]
July 22, 2011
(Shtf Plan) The world is just one misstep away from a complete financial, economic and geo-political meltdown. Though the mainstream voices have calmed their reports of middle east conflict amid the debt ceiling and negative economic development in the US and Europe, military intervention in Iran has not been taken off the table. The Daily… [Read more…]
July 22, 2011
(PMI) Silver has certainly lived up to its reputation for volatility this week. Climbing to a high of just off $41.00 an oz to a low of $38.35 an oz in just three days has left this writer in more than two minds. The announcement yesterday of the latest disaster delaying fudge up tactic by… [Read more…]
July 21, 2011
(Paul Drockton) I just received information from an inside source that they are in fact writing the legislation for a new gold confiscation act. I expect this to happen this fall. Here is how I see things playing out: 1. Executive Order, signed by Obama, that makes the ownership of gold a criminal offense. 2.… [Read more…]
July 21, 2011
Citi economist Willem Buiter tells clients to invest in the water industry which will soon become hotter than oil (via FT Alphaville): I expect to see in the near future a massive expansion of investment in the water sector, including the production of fresh, clean water from other sources (desalination, purification), storage, shipping and transportation of water. I expect to see pipeline networks… [Read more…]
July 21, 2011
(Tyler Durden) A few days ago when we demonstrated the most recent bond issuance by Bank of America in which thefirm issued $2.5 billion in new bonds, we said “BAC is largely underreserved for a settlement of this size which means its Tier 1 capital ratio will likely be impacted due to a major outflow… [Read more…]
July 20, 2011
(Reuters) – The Hong Kong Mercantile Exchange (HKMEx) said on Monday it will start trading a dollar-denominated silver futures contract on July 22, hoping to tap into the growing demand for the metal in China. The silver contract will trade in lots of 1,000 troy ounces and be delivered in Hong Kong, the exchange said… [Read more…]
July 18, 2011
(Economic Collapse) Back during the financial crisis of 2008, the American people were told that the largest banks in the United States were “too big to fail” and that was why it was necessary for the federal government to step in and bail them out. The idea was that if several of our biggest banks… [Read more…]
July 17, 2011
(BIN) I am continuing to anticipate a shock wave to hit markets this week as I anticipate budget/debt ceiling agreements imminently. Tuesday seems most likely for the announcement. Silver closed at the pink trendline resistance on Friday, and could see some early weakness with a grind slightly higher later on Monday. The dollar should surge up initially on the news… [Read more…]
July 15, 2011
(S.L. Carroll) The U.S. economy appears to be headed for another meltdown. The unemployment rate rose to 9.2 percent in June, the highest it’s been since January, prompting the Dow to take a 1.2 percent slide which translates into a loss of 151 points. Prior to today, the Dow fell from a high of 12,807 on May 2nd to a low… [Read more…]
July 15, 2011
(HSN) In Spain, flash mobs are showing up at people’s homes to stop families from being evicted after their homes go into foreclosure. In what Bloomberg has dubbed “Dial-a-Crowd”, an organization called La Plataforma de los Afectados por la Hipoteca is a group that comes together and form human chains to prevent the residents of homes in… [Read more…]
July 15, 2011
(CNN) The closure of a mountain highway pass in the heart of the nation’s second-largest city an event anticipated to be so calamitous to car-loving Southern California that it’s been dubbed “Carmaggedon” — is scheduled to begin at 7 p.m. Pacific on Friday. That’s when crews will begin closing ramps on Interstate 405 where it… [Read more…]
July 15, 2011
( Sam Youngman) President Obama on Friday kept up the pressure on Republicans to agree to revenue increases in a deal to raise the debt ceiling, claiming 80 percent of the public supports Democrats’ demand for tax increases. “The American people are sold,” Obama said. “The problem is members of Congress are dug in ideologically.” Throughout… [Read more…]
July 13, 2011
(Sam Stein) Lawmakers and the White House had what nearly every party is describing as a “tough” and “testy” meeting on the debt ceiling Wednesday afternoon, culminating in a stormy exchange between the president and House Majority Leader Eric Cantor (R-Va.). It was the fifth straight day of talks, but the first in which attendees,… [Read more…]
July 13, 2011
(Economic Collapse) More Americans than ever are desperate for money and many of them will do just about anything to get it. The crumbling U.S. economy has pushed millions of ordinary Americans to the brink of utter desperation. When it comes time to choose between being able to survive or breaking the law, many people… [Read more…]
July 13, 2011
(Bloomberg) Moody’s Investors Service put the U.S. under review for a credit rating downgrade as talks to raise the government’s $14.3 trillion debt limit stall, adding to concern that political gridlock will lead to a default. The Aaa ratings of financial institutions directly linked to the U.S. government, including Fannie Mae, Freddie Mac, the Federal Home Loan Banks,… [Read more…]
July 12, 2011
(David Ruth) New York, Los Angeles and Chicago are still America’s largest metropolitan areas, but none of the nation’s 366 metropolitan areas added more people during the past decade than Houston. Based on a new extensive analysis of the 2000 and 2010 censuses by Rice University’s Kinder Institute for Urban Research, the Greater Houston metropolitan… [Read more…]
July 12, 2011
(Corbett B. Daly) President Obama on Tuesday said he cannot guarantee that retirees will receive their Social Security checks August 3 if Democrats and Republicans in Washington do not reach an agreement on reducing the deficit in the coming weeks. “I cannot guarantee that those checks go out on August 3rd if we haven’t resolved… [Read more…]
July 12, 2011
(Reuters) The Federal Reserve, in a push to control the often wayward communications of its top officials, issued detailed rules on Tuesday dictating what they can and cannot do. The Fed, the U.S. central bank, has come under fire for speaking with a dissonant voice and sometimes allowing details of its highly market-sensitive policy meetings… [Read more…]
July 12, 2011
(Christian Hudspeth) By the year 2018, the manufacturing industry will lose 1.2 million more jobs, the mining and oil/gas extraction industry will lose another 104,000 jobs and even the utility companies will see 59,000 job losses according to the Bureau of Labor Statistics (BLS). But outsourcing and foreign competitors aren’t the only reasons we’re witnessing shrinking… [Read more…]
July 5, 2011
(Un.org) Humanity is close to breaching the sustainability of Earth, and needs a technological revolution greater – and faster – than the industrial revolution to avoid “a major planetary catastrophe,” according to a new United Nations report.Major investments will be needed worldwide in the developing and scaling up of clean energy technologies, sustainable farming… [Read more…]
July 4, 2011
(Gordon G. Chang) On Thursday, Business Insider reported that China is trying to buy “a huge chunk” of Facebook. According to the business news website, Beijing approached a fund that buys stock from former Facebook employees to see if it could assemble a stake large enough “to matter.” Moreover, Citibank is rumored to be trying to acquire as… [Read more…]
July 3, 2011
(David Edwards) A group of tea party Senators plans to filibuster over raising the debt ceiling, Sen. Rand Paul (R-KY) announced in an interview that aired on C-SPAN Sunday. “I was part of a group this week that said, ‘No more,’” Paul explained. “We’re tired of talking about extraneous issues. We’ve had not one minute of… [Read more…]
July 3, 2011
(Bloomberg) Republicans would accept a “mini” deal with the Obama administration on raising the debt limit, Senator John Cornyn of Texas, a Republican leader, said. Cornyn said today on “Fox News Sunday” that while Republicans would prefer a long-term settlement, they would accept a shorter-term agreement if that’s all they could get done. The U.S. Treasury Department has… [Read more…]
July 1, 2011
(Reuters) – Minnesota’s state government began a broad shut down on Friday going into the July 4 holiday after Democratic Governor Mark Dayton and Republican legislative leaders failed to reach a budget deal. Parts of the government had already begun to shut down on Thursday ahead of the midnight budget deadline, including some websites and… [Read more…]
July 1, 2011
(Trader Dan’s) The widely anticipated USDA Crop report came out this AM and stunned the grain world with its much larger than expected corn acreage number. Widespread flooding in combination with much cooler than normal weather across the northern tier of the country had resulted in major planting delays due to excessive ponding and water-logged… [Read more…]
June 28, 2011
(Richard Blackden) Inflation The petrol station is as reliable a place as any to take America’s economic pulse. The sharp rise in gasoline prices in the first few months of the year knocked the confidence of consumers, who still account for about 70pc of the country’s gross domestic product. That squeeze has been all the… [Read more…]
June 24, 2011
(Mishs) Italy, the big elephant in the room that the EU does not even see yet, may be waking up. Please consider, Italian Banks Plunge on Debt Concern Italian banks slumped in Milan trading amid concern the European debt crisis may spread just as lenders face scrutiny from regulators over capital levels. UniCredit SpA (UCG), Italy’s… [Read more…]
June 24, 2011
(Silver Shield) The dollar collapse will be the single largest event in human history. This will be the first event that will touch every single living person in the world. All human activity is controlled by money. Our wealth,our work,our food,our government,even our relationships are affected by money. No money in human history has had as… [Read more…]
June 19, 2011
(Tyler Durden) One small step toward Executive Order 6102 part 2, and one giant leap for corruptcongressmankind. From: FOREX.com <info@forex.com>Date: Fri, Jun 17, 2011 at 6:11 PMSubject: Important Account Notice Re: Metals TradingTo: xxx Important Account Notice Re: Metals Trading We wanted to make you aware of some upcoming changes to FOREX.com’s product… [Read more…]
June 17, 2011
(Jeff Cox) When it comes to measuring the combination of unemployment and inflation, it doesn’t get much more miserable than this. In fact, misery, as measured in the unofficial Misery Index that simply totals the unemployment and inflation rates, is at a 28-year high, reflective of how weak the economic recovery has been and how… [Read more…]
June 14, 2011
(John Melloy) An exhaustive report by Standard Chartered predicts that gold [GCCV1 1526.20 1.80 (+0.12%) ] will more than triple to $5,000 an ounce because of a lack of supply, not just because of a surge in demand that most bullion bugs cite in their bullish calls. “There are very few large gold mines set to commence operation in the next… [Read more…]
June 14, 2011
(Bloomberg) The stimulus package the U.S. Congress is completing would raise the government’s commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90 percent of the nation’s home mortgages. The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation have lent or spent almost $3 trillion over the… [Read more…]
June 14, 2011
(Economic Collapse) As the U.S. economy collapses, the thin veneer of civilization that we all take for granted is going to begin to disappear. In fact, there are already an increasing number of signs that the collapse of society is accelerating. In cities such as Chicago, roving packs of young people are “mob robbing” local… [Read more…]
June 12, 2011
(David Sterman) In the fall of 2008, the global economy headed into freefall, helping to push the stock market down to such an extent that a second Great Depression appeared quite possible. Few would have guessed that the global economy would be on the mend a year later and that the S&P 500 would go on to double in value… [Read more…]
June 11, 2011
(Silver Shield) I have been tempted to write about False Flags for sometime,because I feel we are on the verge of seeing another one very soon. False flag operations are covert operations designed to deceive the public in such a way that the operations appear as though they are being carried out by other entities. (Wikipedia)… [Read more…]
June 10, 2011
(Tyler Durden) Life for the precious metals dealer, and home of the often times infamous Jon Nadler, Kitco just got very ugly. “Claiming widespread tax fraud in the gold refining and trading sector, Revenue Quebec and police investigators this week conducted searches and seizures at 70 locations, mostly in the Montreal area. One of the… [Read more…]
June 10, 2011
(MLC) You may deny it all you want just like the mainstream media and the government is doing. The truth is with the mounting national debt and annual deficit rising it ismathematically impossible for the US to not head for a collapse. The 7 deadliest sinsthe US has done are to blame for the coming collapse. These… [Read more…]
June 10, 2011
(Yahoo) Chinese ratings house has accused the United States of defaulting on its massive debt, state media said Friday, a day after Beijing urged Washington to put its fiscal house in order. “In our opinion, the United States has already been defaulting,” Guan Jianzhong, president of Dagong Global Credit Rating Co. Ltd., the only Chinese… [Read more…]
June 9, 2011
(American Dream) Can you smell the fear? Right now world financial markets are visibly nervous and many are worried that Wall Street is about to go into panic mode. It really is eerie how 2011 is shaping up to be so similar to 2008. Major Wall Street banks are laying off workers in droves, oil… [Read more…]
June 8, 2011
(American Dream) Thanks to the trillions of dollars that the Chinese have made flooding our shores with cheap products, China is now in a position of tremendous economic power. So what is China going to do with all of that money? One thing that they have decided to do is to buy up pieces of… [Read more…]
June 7, 2011
(Economic Collapse) The global economy has become so incredibly unstable at this point that it is not going to take much to plunge the world into a horrific economic nightmare. The foundations of the world economic system are so decayed and so corrupted that even a stiff breeze could potentially topple the entire structure over. … [Read more…]
June 5, 2011
(Eric Blair) The masses are beginning to understand that the greatest threat to human freedom is the international banking cartel and their debt-based monetary system. Together with governments, they squash any manifestation of a free marketplace and personal freedom. Between runaway money printing, corporate cartel control, subsidies and taxes, and regulations and fees; the free… [Read more…]
June 5, 2011
( Patrick Henningsen) This is one of those Freak-a-nomic statistics that, if you were in government, you wouldn’t ever want it to be released to the public, especially during a protracted recession like we are currently witnessing in the US. No would want to admit that the Golden Arches are holding up the American economy. In… [Read more…]
June 5, 2011
(Robert Hiltz) The integration of North America’s economies would best be achieved through an “incremental” approach, according to a leaked U.S. diplomatic cable. The cable, released through the WikiLeaks website and apparently written Jan. 28, 2005, discusses some of the obstacles surrounding the merger of the economies of Canada, the United States and Mexico in… [Read more…]
June 3, 2011
(Market Bust) In the most heavily manipulated market of all, silver going down in price as inventories dry up and investors gobble the white metal up, expect this to happen as the paper pushers punish paper silver prices and exacerbate the silver shortage even more. Remember, price controls never work. This is a form of… [Read more…]
May 31, 2011
(Reuters) Gold steadied around its highest in nearly four weeks on Tuesday, but surrendered earlier gains after a report that Germany could smooth the way for Greece to get a bailout, which prompted investors to seek riskier assets. The Wall Street Journal reported Germany is considering dropping its insistence on an early rescheduling of Greek… [Read more…]
May 31, 2011
(cnbc) Food prices could double in the next 20 years and demand in 2050 will be 70 percent higher than now, U.K. charity Oxfam said on Tuesday, warning of worsening hunger as the global food economy stumbles close to breakdown. “The food system is pretty well bust in the world,” Oxfam Chief Executive Barbara Stocking… [Read more…]
May 30, 2011
(bmg) CNBC discuss how a weak Greenback and Eurozone debt troubles have helped support the gold market in recent weeks and that growing inflationary fears may now push gold even higher. Guest Juerg Kiener, CIO (5.91 ↑0.00%) of Swiss Asia Capital believes any exit from the futures markets due to increased margin calls will see… [Read more…]
May 29, 2011
(Investing Answers) It’s often times easier to save 10% than it is to increase your monthly income by the same amount. And you don’t necessarily have to make drastic changes to free up extra money each month — these changes can be as simple as switching to low-octane gasoline or cooking more meals at home.… [Read more…]
May 25, 2011
(Julian D. W. Phillips) The silver market is still reeling from its fall from $50 to $34 over a very short time. The move was driven by at least one investor selling around 1,000 tonnes of silver over a two week period. Silver had climbed quickly from around $25. The charts supported a rise… [Read more…]
May 25, 2011
(Frosty Wooldridge) For 15 years, from the mid 1970′s to 1990, I worked in Detroit , Michigan . I watched it descend into the abyss of crime, debauchery, gun play, drugs, school truancy, car-jacking, gangs and human depravity. I watched entire city blocks burned out. I watched graffiti explode on buildings, cars, trucks, buses and school yards.Trash everywhere! Detroiters… [Read more…]
May 22, 2011
(AP) Utah legislators want to see the dollar regain its former glory, back to the days when one could literally bank on it being “as good as gold.” To make that point, they’ve turned it around, and made gold as good as cash. Utah became the first state in the country this month to legalize… [Read more…]
May 22, 2011
(Free Malaysia) Emerging economies in the Asia Pacific region would continue to post growth rates that would exceed those of the developed countries, making it possible for the world’s total production being equally divided among the rich and the emerging markets by 2025. It was among the highlights of the latest report of the World… [Read more…]
May 21, 2011
(Bix Weir) 1) Due to the tiny size of the Silver market and the lack of physical Silver available to the manipulators, the Silver battle is much easier to win than Gold. Ted Butler’s discovery of massive Silver market manipulation should highlight the size, scope and importance of Silver to the current financial crisis. http://www.investmentrarities.com/ted_butler_comentary/08-22-08.html… [Read more…]
May 21, 2011
(Live Silver Prices) Silver is at a critical fork in the road from a short-term perspective. Earlier in the week, silver fell into the $33 and $34 and the dollar continued to rise. However,since that time, silver has turned upward and moved back into the $35-$40 trading channel it established after its 30% drop. From… [Read more…]
May 20, 2011
(Business Insider) Protests have been raging in Spain since Sunday, May 15. The one we’ve been seeing pictures of is in Madrid, in the famous Puerta del Sol. But there were protests in 60 different locations on Sunday, and they’re still raging in different parts of the country. The center of the movement is very much Puerta… [Read more…]
May 19, 2011
(Foster Kamer) On the rare occasion that New Yorkers talk about farming, it’s usually something along the lines of what sort of organic kale to plant in the vanity garden at the second house in the Adirondacks. But on a recent afternoon, The Observer had a conversation of a different sort about agricultural pursuits with a hedge fund manager… [Read more…]
May 18, 2011
(Gary North) Sometimes we need a hole to crawl into. I recently spoke at a conference sponsored by a small rural church in Alabama. Several of the families had been in the path of one of the tornadoes that swept through the state. One of the families had a storm shelter/basement. Several nearby families did not.… [Read more…]
May 17, 2011
(Bloomberg) Eric Sprott, the Canadian money manager who in 2008 predicted banking stocks would collapse, says U.S. savers will eventually pull their money out of banks that are carrying too much leverage on their balance sheets. Banks are leveraged 20 to one and their portfolios are mainly composed of government bonds and mortgages, the founder… [Read more…]
May 17, 2011
(Economic Collapse) Right now, we are witnessing a truly historic collapse of the economy, and yet most Americans do not understand what is going on. One of the biggest reasons why the American people do not understand what is happening to the economy is because our politicians and the mainstream media are not telling the… [Read more…]
May 17, 2011
(moneynews.com) Gold could hit $10,000 an ounce in the coming decade, as the commodities bull market is far from over while the fate of the dollar and U.S. stocks looks doubtful, says David Skarica, editor of the Gold Stock Adviser newsletter and author of “The Great Super Cycle.” There is just too much money in… [Read more…]
May 17, 2011
(Michael Snyder) Red alert! Over 40 billion dollars of America’s national wealth is being shipped out of the country every single month. Our economy is being gutted and we are bleeding wealth and we are bleeding jobs. This is a distress call. Is anyone listening? Thousands of our factories and millions of our jobs are… [Read more…]
May 16, 2011
(LewRockwell.com) Two Roosevelt dimes contain 0.14468 oz of silver. If gas costs $4 in FRNs, then the implicit price of silver that makes $4 equivalent to 0.14468 oz of silver is $27.65 per ounce. So, this price seems roughly in the ballpark. But, if we take $35, which is nearer today’s silver’s price, then the implied price… [Read more…]
May 16, 2011
(The Daily Gold) Silver’s destiny with its 200-day moving average appears to be sealed this week as a brief bounce earlier in the week failed at the 50-day moving average. From peak to trough so far this correction has run about 35%, which is still less than the 37% correction silver underwent from its parabolic… [Read more…]
May 16, 2011
(Zachary A. Goldfarb) The Obama administration will begin to tap federal retiree programs to help fund operations after the government lost its ability Monday to borrow more money from the public, adding urgency to efforts in Washington to fashion a compromise over the debt. Treasury Secretary Timothy F. Geithner has warned for months that the… [Read more…]
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February 1, 2012
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