“There are two kinds of people in the world, my friend. Those who have a rope around their neck and those who have the job of doing the cutting.” – Tuco – The Good, the Bad and the Ugly The economic peril that we find ourselves confronted with, has been ninety-eight years in the making. The confluence of debt, demographics, delusion, and denial has left the country at the precipice o... read more

by Greg McCoach Get ready. We are now entering the final stages in the collapse of the U.S. dollar... And it's not going to be pretty. The massive increases in money supplies will tank the value of the dollar and erode the very fabric of America's economic security. As a result, gold and silver prices are will no doubt skyrocket, despite the short-term major volatility we've recently seen.... read more

I was at a going away party recently, and it was borderline surreal for me at a personal level, a kind of animated, wine and hors d'oeuvres, guitar playing, coastal South American vignette, as synecdoche for the broader, kaleidoscopic, global scene, zoomed in close on a tight hybrid-impressionist-cubist focus, the whole thing scrutinized in technicolor and surround sound by a reeling man tumbli... read more

All those who were hoping global stock markets would surge tomorrow based on a ridiculous rumor that China would revalue the CNY by 10% will have to wait. Instead, China has decided to serve the world another surprise. Following last week's announcement by PBoC Governor Zhou (Where's Waldo) Xiaochuan that the country's excessive stockpile of USD reserves has to be urgently diversified, today we... read more

My Dear Friends, I am writing to you from the Irving Farm Coffee and Internet cafe in Millerton NY. Our internet carrier went down today and is showing no promise of revival in the near future. I have a great coffee and a raisin bran muffin by my side so overall I have no grounds to complain. Gold linked to the dollar today certainly has taken down $1444 for the count on three taps. That... read more

Phoenix Capital Research on 04/06/2011 11:15 -0400 The financial world is entering a massive process of transition though most folks have failed to see it. That process is that of Ben Bernanke being forced to resign and the US Federal Reserve being broken up. I know many people believe the Fed is always going to be in power, but they are wrong. The US Federal Reserve is in fact the third... read more

Last week, the subcommittee which I chair held a hearing on monetary policy and rising prices. Whether we consider food, gasoline, or clothing, the cost of living is increasing significantly. True inflation is defined as an increase in the money supply. All other things being equal, an increase in the money supply leads to a rise in prices. Inflation’s destructive effects have ruined soc... read more

US MARKETS Cycles and booms and busts just don’t happen. They are planned that way. In the late 1990s Fed Chairman Alan Greenspan commented on irrational exuberance and said he hoped the market would cool down. The amount of money and credit he had introduced into the system had a great deal to do with a forming of a bubble. He indicated that on the short-term there was little he could do... read more

LONDON (Commodity Online):Global investment analyst Marc Faber says the best and true currencies available in the world today are not US dollar or Pound, but precious metals such as gold, silver, platinum and palladium. Faber, who is famous for his prediction of the US stock market crash in 1987, said that commodities, especially gold and silver will be the wise investment options for people... read more

By WILLIAM D. COHAN As Americans know all too well by this point, commodity prices — for corn, wheat, soybeans, crude oil, gold and even farmland — have been going through the roof for what seems like forever. There are many causes, primarily supply and demand pressures driven by fears about the unrest in the Middle East, the rise of consumerism in China and India, and the Fed’s $600 b... read more