At the precipice of disaster

I haven’t been posting too much over the past several months as things in our country continue to deteriorate at the usual pace, fast and un challenged!

 

The economy is fragile and the ‘medicine’ that Ben Bernanke is giving the ‘system’ will soon become the poison–it is inevitable. This is not just me spouting [...]

Billionaire Money Manager Bets Big on Gold

Billionaire John Paulson has bet big on Gold, raising his firms investment in the metal to 44%. He has been big on gold since 2009 but his luck has not been so hot for the past 2 years with record losses.

 

He is betting that gold will remain a great hedge against currency debasement, [...]

Thoughts on the Drought

I was just sitting here today thinking about the drought and a number of thoughts came to mind about the drought. Thoughts such as: This is supposed to be decimating the corn and soy crops, yet they are the 8th largest harvests on record…So how bad is it for us? I know we live in [...]

Crisis of Confidence for the Euro

As the can tumbles down the road, we are now hearing that the Euro is showing signs of some deeper issues developing. At first the Euros flowed from the troubled nations to the core now the capital flows are outward, from the Euro to outside currency havens.

 

The Euro has lost 8% against the [...]

Euro Crisis Continues

The demise of our global economy is not an event that will go in a straight line to the bottom. It will be up and down with lots of posturing on behalf of the ‘leaders’ of the ‘developed’ countries.

 

Today is yet another example of this political posturing as the European Central Banker came [...]

Food Inflation – Post Drought

Now the mainstream media is paying a bit more attention to the drought and resulting price increases in the price of grains and corn in particular. Projected for next year are price hikes up to 5% across the board for products requiring any of the affected crops, which is almost everything these days.

 

Think [...]

ObamaCare…

Obamacare [...]

Post Greece Vote…what has changed?

We are now a week out from the infamous vote in Greece to decide whether they stayed in the Euro or left. What has changed? To be quite honest, nothing! Our markets continue to be very volatile, including gold and silver. The markets, especially the sovereign debt markets are getting hammered. Spain is on the [...]

UK joins the crowd to print more money

As I was writing yesterday the Bank of England and UK Treasury told the world that they were committed to ‘adding liquidity’ to the system in the face of the Euro Crisis [...]

Gold & Silver continue to climb

When you see the world printing more and more paper money you always find more and more people fleeing to hard assets like Gold and Silver. Real estate, thanks to the rascals on Wall Street, is no longer an option as prices continue to fall amid the overhang in supply and foreclosures.

 

Gold and [...]

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