The Daily Bell Looks At Cyprus

Perhaps readers of this website are tired of Cyprus and they probably should be as this post is about the fifth one on the subject. This one is not mine but comes from The Daily Bell. My focus results not from Cyprus’ direct impact on the financial and economic systems of the world. Rather it is from the indirect importance [...]

Is Bernanke Being Kept Awake By Gold?

Readers of this site know that I believe gold is a likely safe haven in the trek toward economic Armageddon. Zerohedge thinks the chart below keeps Ben Bernanke up at night. Whether that is so or not is moot. Mr. Bernanke has other things that may affect his sleep even more. Mr. Bernanke is less sophisticated than most believe. He [...]

Bernanke’s QE Makes Matters Worse

The euphoria initially expressed by markets to unending Quantitative Easing (money printing) may be playing out. The last couple of days were mediocre in terms of stock market performance. For investors, it is a difficult time. Do you play for the inflation-induced bounce in stocks? That is the likely outcome, for a while, although recognize that it has nothing to [...]

Common Sense Video — The Fed Has Just Screwed You

Peter Schiff expounds on last week’s Fed action of unlimited money printing. He puts Ben Bernanke’s desperation into perspective. His policy actions are not original and they are absurd based on what we have just gone through.  The economy will not improve, inflation will accelerate and the dollar will collapse. The best that Bernanke can hope for is another housing [...]

Bernanke Continues to Pretend He Has Control

QE (quantitative easing), whether it be QE1 or QE10, is a euphemism. It represents the expansion of the money supply (printing money). An expansion of the money supply is inflation. Rising prices are not inflation, they are an effect of inflation. The disease is printing money (or QE if you want to call a rose by some other name). The [...]

For Ben Bernanke, Nothing Has Changed

The announced bond buying by Mario Draghi in Europe produced a substantial rise in our markets yesterday. Investors who were long stocks were undoubtedly happy with their likely unexpected windfall. The major averages all hit multi-year highs and gold closed over $1,700. As happy as investors were, one Ben Bernanke and his current boss, Barack Obama, were likely just as [...]


Bill Bonner always provides insightful articles. Here he deals with economists in a non-flattering way. Readers of this blog know that I agree with virtually everything he says below. I have likened much of the profession to prostitutes in the sense that they sold out their principles for the grants, prestige and income available to those who support a bigger [...]

Gold As An Investment

Eric Fry discusses the Berkshire Boys (Buffett and Munger) with regard to their disdain for gold. Obviously he disagrees and makes his case for gold. One interesting analogy he used was by David Einhorn, an investment fund manager and gold investor: Einhorn’s dig at the Berkshire boys is merely his latest counter-punch against the anti-gold elite. A few weeks back, [...]

John Hathaway Declares Gold Bottom

John Hathaway is the head of Tocqueville Gold Fund and one of the more solid analysts in the precious metals sector of the market. He predicts that gold has bottomed: I think we’re at the end of a correction that resulted from the peak last summer. It was overcooked, kind of hyperventilated hysteria over the debt-ceiling talks, the rating downgrade [...]

Up The Creek Without A Paddle

The contrast between what we see in our every day lives is not consistent with what government tells us is happening in the economy. The so-called recovery certainly doesn’t feel like one; it is certainly unlike any of the others over the last 50 or so years. If inflation is not a problem, one can only wonder how government obtains [...]

Bernanke’s Actions Explained

A clever way to illustrate what Ben Bernanke has done to the country. Thanks to Reader Jaimie for sending this to my attention: Open Letter to the Chief Confidence Officer of the United States of America Dear Dr. Bernanke, My nephew is a bad kid. He’s into drugs, high-risk sex, a steady stream of brushes with the law… But he [...]

Don’t Worry, It Can’t Happen Here

People living through change rarely comprehend its significance. Things happen slowly, so slowly that few observers are able to relate seemingly disjointed events to one another. Once the end result occurs, the patterns and causal relationships become apparent. Then we understand how what seemed like unrelated events were not. However, then it is too late. The nature of man, particularly [...]