Tuesday, April 26, 2011
Martin Armstrong - Waves & Earthquakes
Apr.25.2011  | Nihon Jishin Japanese Earthquakes and weather cycles  10 pages | |
| | ||
Apr.21.2011  | The Next Wave Next turning point June.13.2011 15 pages | |
Roberts: 'America must blame itself for economic fall to China'
As the IMF predicts China to overtake the US as the economic leader by 2016, who can we look to blame for this downfall of the dollar? Former Regan administration official and ex-US Assistant Secretary of the Treasury Paul Craig Roberts says America has no one to blame but itself and that this comes as no surprise.
China economy to outpower the US
The IMF predicts that economic dominance by the United States will secede to China in 2016. As the buying power of the US bill falls and Standard & Poors downgrades the American dollar, what explanation can we come up with for the comeuppance of this currency collapse? Max Fraad Wolff of The New School explains the trends that are helping lead to this collapse.
Silver Liberty
From Strike the Root:.......Speaking of silver, recently the feds tried and convicted an eccentric engraver and silverbug named Bernard von Nuthaus of counterfeiting his own version of the US dollar. STR readers may remember Bernard from my earlier column about the Liberty Dollar. In 2007 I met the man personally and paid $10 for some of his silver coins now valued at $40-50. Meanwhile, in four short years the US paper dollar has lost a sizable chunk of its purchasing power while the alleged counterfeit coins have appreciated by a factor of four or more. The US Attorney in the case, Anne Tompkins, perhaps with an eye towards her future as a US presidential candidate, said: "While these forms of anti-government activities do not involve violence, they are every bit as insidious and represent a clear and present danger to the economic stability of this country....Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism.” Poor Anne Tompkins appears to know little of the US Constitution, that "No State shall ... coin Money; ... make any Thing but gold and silver Coin a Tender in Payment of Debts." Otherwise Anne can hardly sit in judgment of others for having the audacity of making coins of gold and silver while a PRIVATE construct called the Federal Reserve, which is neither Federal nor does it reserve, passes off fiat currency as highly valuable while printing millions more each day......read in full
Enjoying the ride?
The silver roller coaster has definitely taken us a on a exiting ride over the Easter break. From around $45 leading into Easter to climb to almost $50 in exclusively Asian market trading and then over the top and plunging back to where we started when Western markets opened today. I hope all my readers held on tight and were not thrown from the car. $5 up and down moves have not been seen since Jan 1980. When this bull market in Silver started in early 2001 most 24 hrs periods saw less than a 10c move and the ounce price was only $4. We have come a long way in 10 years, and yet we have so far to go. Expect more days like this as the market moves forward, increasingly they will become so common that they will be the "new normal" just as a 10c move was in 2001.
"Fasten your seat belts. It's going to be a bumpy night"
~ Margo Channing (Bette Davis)
John Hathaway: On Gold, Silver & US$
John Hathaway, Senior Managing Director & Portfolio Manager, Tocqueville Funds talks to Eric King of King World News about last weeks Gold & Silver price action and the slide in the value of the US$.....listen here
Japan nuclear update
From RussiaToday on Apr 25, 2011
As world marks the Chernobyl anniversary, many say that the world has failed to learn the lessons on nuclear safety that the tragedy provided. RT talks to Professor Christopher Busby, Scientific secretary of the European Committee on radiation risks, for a little more insight on 21st century's most serious nuclear crisis at Fukushima.
Subscribe to:
Posts (Atom)