'No Inflation, Constant Expansion' was a misnomer to start with, the lie of the first half undone by the scam of the second. Plenty more academics (most of them policy-wonks, too) also stepped up to put a name on that era, variously calling it &quo ...
From the December 22, 2008 edition of James Turk’s Freemarket Gold & Money Report: This letter is the last one for this year, so it’s time to look ahead to 2009. It’s shaping up to be an ugly
Henry Kissinger used to say that the tricky thing about foreign policy was that when you have the most options you generally have the least information, and vice versa. As information accumulates, options dwindle, until you’re left with absolute clar ...
At the end of the de-leveraging, you will see a divergence between gold and silver on the one hand and industrial commodities on the other. Even today we have this very strong demand for physical gold and silver globally, from India to the Middle Eas ...
Today the news is unrelentingly bad. Layoffs are soaring, stocks are way down, home building is plunging. Deflation is here, with all that that implies. Here are the headlines for my top four news feeds as of 1:00 PM Pacific Time on Wednesday the 19th:
Maybe one in a million of the world’s citizens realizes that there is much more gold in existence than there is silver. If sufficient numbers of people knew this fact, gold would not be 75 times the price of silver. In fact, gold might be a lot less ...
It’s been fun over the past few years watching EuroPacfic Capital’s Peter Schiff educate mainstream (i.e. clueless) economists and money managers on CNBC and elsewhere. My personal favorite is this one
Back in mid-2007 I posted a column titled “Death Spiral” that made some (what seemed at the time) extreme predictions. Here are the last few paragraphs:
The greatest transfer of wealth from those that store their wealth in paper to those that don't is unfolding. ALL Markets will have to price in reality, and the reality is that the G7 in general and the financial and banking industries in particular ...
If the Fed can’t save us, maybe Warren Buffett can. That seems to be what U.S. markets are hoping in after-hours trading, as they rally on the announcement that Goldman Sachs has attracted $5 billion from Buffett’s Berkshire Hathaway. The deal comes ...
Here we go. The U.S. government’s options have finally dwindled to just two: Accept a 1930s-style deflationary crash or embark on a Weimar Republic-style hyperinflation. Not that there was ever any doubt, but today they made it official. Treasury
There was a thought-provoking book published last year entitled The Black Swan. It provides an insightful perspective into seemingly improbable events (i.e., a ‘black swan’) and our thinking that surrounds them. The author, Nassim Nicholas Taleb co ...
Everyone can look at the data and form their own conclusions. But when silver is in short physical supply, commanding injuriously high premiums and difficult to locate; when investors are piling into the silver ETF in droves, a 40% silver price plun ...
When you write magazine articles for a living, as I mostly do, you spend a lot of time tracking down and pestering experts in various fields. And you soon discover that the expert population distributes along the familiar bell shaped curve, with a fe ...
So far we’ve tossed around terms like “money” and “currency” with some abandon. If this left you a little unclear about their exact meaning, not to worry, you’re in good company; the world’s business and political leaders appear to be just as confuse ...
The phrase ‘systemic collapse’ is rarely used in financial circles, but with housing collateral values in continued decline, there is an enormous financial margin call rippling through the system. In the OTC derivative market, values are unable to be ...
I just handed in a manuscript for a new book which contains the following sentence:
“The image of McMansion ghost towns, once the wishful thinking of a tiny anticapitalist fringe, is suddenly a little too close for comfort.” I’ve been worrying ...
I lived in South East Asia for most of the 1970’s, working in the branch offices there for one of the large New York City banks. I was a ‘line’ officer. This meant that I was not in the back-office, but instead, I dealt with the bank’s customers, whi ...
For gold bugs, the past few years have been kind of peaceful, intellectually speaking. Because they understood the dynamic of fiat currency leading to excessive borrowing leading to financial crisis they were neither confused about what was happening ...
There are three kinds of precious metals investors, and only two of them are happy. Those who own mostly bullion (or its ETF or digital currency analogues) have by definition profited dollar-for-dollar as gold and silver have soared recently.
Because a subscription to the Wall Street Journal cost several hundred dollars a year, most people out there don’t get it and DollarCollapse.com rarely posts links to its articles. But every once in a while the Journal puts out an edition that captur ...
In yet another sign that the end is near, Harper’s Magazine, that venerable fount of left wing culture, has become a source of clear-eyed financial journalism. In February it ran a cover story by iTuilip’s Eric Janszen explaining America’s devolution ...
My new friend Shayne McGuire is director of global research at Texas’ $115 billion Teacher Retirement System, which means he oversees a vast portfolio of high-grade bonds, Blue Chip stocks, and cash. Not the kind of environment that’s usually hospita ...
Back in June of 2006 I posted some long excerpts from an internal report produced by Colorado & Santa Fe Real Estate, a Denver firm owned by an entrepreneur Marcel Arsenault. More about him here. After riding the long bull market in U.S. real estate ...
Most financial bubbles are pretty easy to spot: An asset class climbs way beyond what old-fashioned valuation measures used to define as reasonable, market participants start acting like idiots, and pundits rationalize the madness with learned “new e ...
A world run on two or three fiat currencies, issued and accepted by diktat...becomes only more likely every time that drug-lords in Moscow trade a kilo of crank. But as a store of wealth for the future, however, gold keeps winning out. Since the drea ...
Everything is in bubble territory. Everything. From Indian antiquities to modern Chinese art; from land in Panama to Mayfair; from forestry, infrastructure and the junkiest bonds to mundane blue chips; it's bubble time! The bursting of this bubble w ...
The introduction of gold and silver ETFs has, so far, been a huge positive for the precious metals markets, opening the field to individuals and insitituions who wouldn't otherwise be buying bullion. It's safe to say that the vast majority of us (i ...
In short, the global boom in all asset prices has come thanks to one major bear market – the bear market in money. Government-led and central bank-sanctioned, it has now halved the value of US Dollars versus gold. It's pushed Sterling
