Max Keiser & Jim Willie

The two greatest minds in economic commentary today discuss the LMBA /Comex precious metals markets and the hidden US Treasury's monetization programs.

Gold Promises & Currency Lies

By James West: The signals emanating from the global economic matrix that can be considered realistic, unbiased and leading indicate strongly that we're edging closer to another brink of some sort. Nobody can see over the edge, but if the last cataract shot by our collective connected market kayak is anything to go by, the Eskimo roll escape afforded by government counterfeiting (oops…I mean 'stimulus') is not likely to deliver us to any safe harbor.....read on

Hugo Salinas Price

I thought seeing that I had only posted 1 essay by the famous Mexican billionaire Hugo Salinas Price that I would look over his past works to see if I could some other timeless pieces. I think I have in the following essays, actually the first essay ties in well with a previous post of mine (see here).

By Hugo Salinas Price:

Why encouraging the population of China to import gold makes sense

Conferences on: Gold & Silver as Monetary Assets

Also for those readers who can speak Spanish I found this more recent video of Hugo discussing his Silver Money Project:

What is George Soros up to in the gold market?

By Michael J. Kosares: The hubbub started when hedge fund guru George Soros proclaimed gold to be in a bubble, and it is still roiling nearly six months later. Gold advocates jumped to its defense, while critics took the offensive. As it turns out though, Soros was not really issuing a warning so much as he was explaining why he was making a considerable investment in gold bullion. Only days after calling gold the “ultimate asset bubble,” the financial press reported Soros had doubled his holdings of physical metal. Both the advocates and the critics had misinterpreted what Soros was trying to say.

Over the years, I have seen gold called among other things the asset of last resort, the ultimate safe haven, the fiduciary asset par excellence, and the investment of kings and the king of assets. I have never before heard it called the “ultimate asset bubble.” Let’s explore what might be behind Soros’ unusual description and his newly-found interest in the yellow metal.....read on

Double Dipping

By Jim Willie: Double Dip used to pertain to ice cream cones, but now to dreaded return to economic recession. Green Shoots used to refer to gardening projects, then to deceptive economic viewpoints. My favorite is the second half recovery mantra, indicative of totally clueless. This year's promised recovery in the second half of the year will feature a return to recession instead, thus stripping mainstream economists of any remaining credibility. The endless links in the chain are impressive by the clueless cast of economists that occupy the US landscape. The chain of ignominy includes gaping blind spots, blatantly wrong forecasts, minimized ignitions that spread crisis, misguided focus on goofy indicators, outright removal of important indicators, sloppy deception of monetization efforts, clumsy justification of Wall Street welfare, backwards perception of Too Big To Fail banks, and lying before the USCongress. The nation is dominated by the misguided who profess any benefits at all from 'Hand to Mouth' approaches like tax rebates, purchase credits, jobless insurance extensions, and helicopter drops. Their worst investments are their biggest investments, like Fannie Mae and AIG nationalizations travesties. Harken back only to last winter, when economists were talking about a second half recovery, running all the red lights and stop signs. Then they shifted the misdirection to claims of a jobless recovery, which should evoke laughter from its impossibility....read on

Silver - A Historical Perspective

I thought seeing that we are on a historical theme today I would introduce to this blog's readers Charles Savoie. Charles writes regular detailed essays discussing the history of silver in the early to mid 20th Century. An excellent resource to understand how the current silver market arrived at such dislocated levels.

Gold, Silver& The Monetary Problem

Treasury Official Lies About Gold

Jim Rickards interviewed

Jim Rickards is interviewed on King World News. Jim and Eric King discuss the historical parallels between the decline and fall of the Roman Empire and the current state of the USA. They also marvel at the fact the Eastern Roman Empire survived for another 1,000yrs after the Western empire fell due to a simplified govt. and a 10% flat tax rate.

Part I

Part II

Gold price falling as bullion banks wind back short positions

From Arabian Money.net: Something major is a foot in the paper gold markets of the COMEX. The major bullion banks have been winding back their short futures positions in the past couple of weeks.

This followed a statement by the CTFC chairman about enforcing strict limits on the short positions of the major players to avoid market manipulation. That falls under the new powers of the financial sector reform bill in the US.....read on

A Store of Rubbish

By Peter Souleles, Sydney: Rest assured that the price and position of gold are underpinned and guaranteed by spendthrift governments and accommodating central bankers who do not understand that they cannot generate more and more public debt in the process of taking the place of unemployed workers and maxed out consumers and plugging the gaping holes left by insolvent banks and corporations. Moreover they will compound the problem by allowing the concentration of wealth and income into fewer and fewer hands. They will however continue this stupid process until they are forced to print a fresh load of worthless paper with which to pay back everyone in useless currency....read on

The Keiser Report

This week Max Keiser and co-host Tracy Herbert look at the latest scandals of fetishes for black swans; American youth unconcerned by the coming collapse of their Social Security they bought and paid for; Tony Blair's 2007 photo op with Colonel Gaddafi. In the second half of the show, Max interviews Ned Naylor-Leyland of Cheviot Asset Management about the silver market. Note the excellent question supplied by ABC's Senior Metals Analyst, and author of this blog, at the 14:08 minute mark........watch here