STOP! WHAT IS MONEY? The money that the world uses today is created by private banks lending non-existent money called credit. This credit has never, does not, and will never exist, except in theory on computer screens. People starve and die all because they do not have enough digits on a computer screen. All of this credit, created by the private banks, is owed back to th... read more
The presentation of economist and former banker Alasdair Macleod to GATA's Gold Rush 2011 conference in London, titled "Beyond the Tipping Point,"
Ladies and Gentlemen
I am going to give you an over-view of what is happening to money. My conclusion is that we are heading for a collapse of paper-money, or put another way, we are heading for hyperinflation. This is the fundamental justific... read more
10 Signs That Economic Riots And Civil Unrest Inside The United States Are Now More Likely Than Ever
You should let the video footage of the wild violence that just took place in London burn into your memory because the same things are going to be happening all over the United States as the economy continues to crumble. We have raised an entire generation of young people with an "entitlement mentality", but now the economy is producing very few good jobs that will actually enable our young pe... read more
As we've noted several times over the past several weeks, the fundamental backdrop of precious metals market remains extremely firm with a plethora of global monetary and fiscal issues producing massive tailwinds for both gold and silver, and we continue to believe long precious metals remains the best bet in all financial markets at this time. What we'd like to add to this thesis now is that w... read more
Those that are familiar with my writings about gold and silver for the last six years know that I have said gold was cheap at $500, $600, $700, $800, $1000 and $1,200 a troy ounce and know that I have said silver was cheap at $11, $12, $14, $16, $25, and $30 a troy ounce. Today, I will reiterate that gold is still cheap in the $1500 to $1600 range and that silver is still cheap in the $40 range... read more
Many deep dilemmas face investors of Gold & Silver. First and foremost we feel an urgent need to defend ourselves against a crippled corrupted USDollar. The level of debilitation cannot be adequately put in words, as it has lost perhaps 70% of its value just since 1980 when the Jackass entered the workforce after years at the university. The USEconomy cannot be rebuilt or sustained on bond frau... read more
For more than 25 years, I have closely studied the silver market from a supply/demand and market structure perspective. For almost 15 years before that, I traded silver, along with other commodities, as a commodity and stock broker. In all those 40 years, I have tried to avoid analyzing silver in the context of it being an asset of last resort in a world financial crisis. Not because silver is... read more
I outlined last week the increasingly bullish consensus among analysts about gold stocks. The same pattern exists with gold itself; growing numbers of analysts have either joined the movement or have upped their bullish outlook.
The following comments and developments have all been reported just this month. It presents quite a convincing case when one strings them together like this. Keep in... read more
Fraud the cause of the credit crisis, fraud stalls the recovery, Greece crisis spreads to Italy, Euro zone bound to failure, US debt rating to be revised, debt ceiling to be raised again, Municipal credit ratings also downgraded, harmony in the system is coming to an end soon.
As we have said for many years crime on Wall Street, in banking and in corporate America pays. One just neith... read more
