Friday, January 31, 2014
Wednesday, January 29, 2014
Saturday, January 11, 2014
Wednesday, January 8, 2014
"The West is simply committing economic suicide.”
Tuesday, January 7, 2014
Monday, January 6, 2014
Paper and digital markets levitate, central banks pull out all the stops of their magical reality-tweaking machine to manipulate everything, accounting fraud pervades public and private enterprise, everything is mis-priced, all official statistics are lies of one kind or another, the regulating authorities sit on their hands, lost in raptures of online pornography (or dreams of future employment at Goldman Sachs), the news media sprinkles wishful-thinking propaganda about a mythical “recovery” and the “shale gas miracle” on a credulous public desperate to believe, the routine swindles of medicine get more cruel and blatant each month, a tiny cohort of financial vampire squids suck in all the nominal wealth of society, and everybody else is left whirling down the drain of posterity in a vortex of diminishing returns and scuttled expectations.
Sunday, January 5, 2014
"That really is the inverse of the collapse of confidence in the dollar. The Treasury, the Federal Reserve and other central banks will have to return to gold to restore confidence."
Physical demand for gold is extremely strong right now, while "the supply of gold is disappearing," Rickards notes.
The massive SPDR Gold Shares exchange-traded fund is selling gold, which is a bullish sign. "It's going straight to China, where it's being put underground and will never see the light of day for 300 years," Rickards states.
"China is redefining the global gold market," he adds. It's purchasing all it can "overtly and covertly" through smuggling and military channels, Rickards says.
"We're set up for a huge technical rally. At some point you're going to want your gold, and it's not going to be around."
Joe Magyer, senior analyst at The Motley Fool sees another reason to purchase gold — the future threat of inflation.
"I think the time to be worried about inflation is the time when nobody else is worried, so that would probably be now," he says, according to CNBC.
"If you bought gold at $1,900 an ounce, I don't know why you wouldn't be very interested at $1,200 an ounce."
Saturday, January 4, 2014
Friday, January 3, 2014
I’ve got a confession to make: I believe in conspiracy facts. After having witnessed scandals like NSA, LIBOR, Lance Armstrong, ISDAfix, money laundering by too big to fail banks, rigged currency rates, Bernie Madoff, the US sub-prime crisis, bank bailouts (in Europe and the US), the Greek tragedy, 9/11, the Iraq invasion and Enron, I came to the conclusion it is just what people do when there is money and power at stake: they conspire.