currency
QOTD — The Piper Will Be Paid
Received from Jim Sinclair’s JSMineset [email protected] via auth.ccsend.com: You have to be wit-less not to see that you are going to pay for the sins of the banksters. They got the blood covered profits. Now in the “Great Leveling,” in which you are solidly founded as a serf. The Great Leveling will come in two [...]
Fiat Currency Going To Its Intrinsic Value
Those invested in gold or other precious metals were slaughtered in the last two trading days. Although the pain of their losses is likely not to be eased by the chart that follows, it does show the validity of gold as a long-term strategy. As Voltaire once said: “All fiat currency returns to its intrinsic [...]
David Stockman Alienates Both Ends of The Political Spectrum
David Stockman wrote an intriguing article which appeared in the NY Times. That it appeared in the Times is noteworthy itself, for it contradicts so many liberal shibboleths the paper has supported (promoted) for many years. Its appearance is less likely to reflect the first steps to Damascus and may be a sign of financial [...]
The Continuing Crisis
A list of issues that I found time to tweet about but not offer my commentary is included below. I consider most of these important to the continuing and worsening crisis. Gold To Benefit From Cyprus Fiasco,http://t.co/Zyuu4xWak1 The Dollar and the Real Inflation Storyhttp://t.co/kldv6mOq11 Say Goodbye to the Purchasing Power of the Dollarhttp://t.co/fvzYpmQtKG Anatomy of [...]
Fallout From Cyprus
The threat in Cyprus has to scare anyone with visible, liquid assets. Depositors in banks should feel especially vulnerable. Look for these assets to shrink. Look for alternatives such as precious metals to benefit. Zerohedge provides an example of how Bitcoin has been affected: In Spain, The Bitcoin Run Has Started by Tyler Durden Something extreme [...]
The Dead Canary Is Having Its Weekend At Bernie’s
Recent action is gold has been disappointing and perplexing. Central banks print money furiously in order to enable their bankrupt sovereigns to survive. Yet, gold is plunging when one would have thought it should be soaring. The purpose for holding gold is to protect against currency moving toward its intrinsic value of zero. Yet just [...]
Currency Wars Heat Up
Mish has a column on currency wars and how each country wants its currency to weaken against other currencies. These objectives are obviously impossible and represent a road to ruin and inflation. Here is Mish's summary: What We Know The US wants a lower Dollar Eurozone ministers want a lower Euro Japan wants a lower Yen [...]
Keynesians and Ponzians
The economy cannot recover without a complete cleansing of the excesses that have built up over the last half century plus. This mantra has been repeated again and again on this website and elsewhere. It is not a unique idea. It is a foundational belief of Austrian economics and an integral part of Austrian Business [...]
Syrin
The Swedish Chef
craig
Connect
Connect with us on the following social media platforms.