Got Gold?

by Lorimer Wilson: "Warren Buffett once described derivatives as 'financial weapons of mass destruction' - and for a very good reason. While U.S. 'unfunded liabilities' are larger than the entire global economy, the derivatives market is 20 times larger than the entire global economy - at an astonishing $1 quadrillion. Yes, you heard me correctly - $1 quadrillion! And get this - this derivative market is totally unregulated. It is totally lacking in transparency, meaning that all we know about this $1 quadrillion mountain of banker-paper is what the bankers tell us."....read on

Three Card Monty

By Aubie Baltin: We're at a critical point in the equity market right now - risk remains extremely high as a major Bear Market is just around the corner. We are at the mid-range of the Bollinger Bands, having just finished 5 days correcting the prior drop from the top band to the bottom one. The question is: Does this rally continue on to reach the top Bollinger Band or does the market break down....read on

What do the neigbours think?

To broaden ones' mind it is often good to step out of your immediate surroundings and look at what others in your neighbourhood are doing. The following video filmed in Jakarta, Indonesia - Australia's closest neighbour and the world's most populous Muslim nation details the course the people are taking to protect themselves from inflation and the instabilities of fiat currency. A sobering lesson to Western eyes, if only Western nations were as wise as those interviewed in this video.

David Morgan Interviewed

The Silver Guru, David Morgan is interviewed on the Korelin Report and discusses gold, silver and the temporary nature of all fiat currencies.....listen here

Gold is the Currency of First Resort

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