Twelve short months ago, the immediate future looked like a lock. Overvalued equities had to fall, ridiculously-low interest rates had to rise, and beaten-down precious
The world’s central banks and derivatives traders have been having their usual fun with gold and silver lately, dumping huge volumes of futures contracts into
By now it’s an article of faith within the sound money community that most major countries have borrowed so much that they’re left with only
The folks at Gresham’s Law just published a nifty interactive chart of real (i.e., inflation-adjusted) interest rates since the 1960s that explains a lot about
Most people learn by the age of 10 or so that making promises is easier than keeping them. That’s why really big promises like corporate
Today the US took its next-to-last stab at calculating First Quarter GDP, and the downward revision was impressive even by recent standards. It now appears
In one sense, energy doesn’t matter all that much to what’s coming. Once debt reaches a certain level, oil can be $10 a barrel or
For all those analysts (including this one) who thought the debt binge of the previous decade marked end of the Age of Leverage, well, not
From Chapter 15 of The Money Bubble, by James Turk and John Rubino: Banking didn’t start out as a reckless, parasitical plaything of a moneyed
A perfect sign of the times is the unexpected success of a 700-page economics text called Capital in the 21st Century by French college professor
For the past couple of years the European Central Bank has been the only sane inmate in the asylum. Unfortunately, in a crazy world being
Debt works the same way for countries as for families and individuals. That is, if you borrow too much, your life begins to suck. And
As it tries to punish Russia for the latter’s dismemberment of Ukraine, the West is discovering that the balance of power isn’t what it used
Excerpted from The Money Bubble, by James Turk and John Rubino. Wealth comes in many forms, but only two general categories: tangible and financial. Tangible
Only in a world totally corrupted by easy money could the following two things be announced on the same day. First: European Bonds Surge as
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