This past Sunday on the CBS program "60 Minutes", Americans received a massive dose of mendacity from our Fed Chairman. Mr. Bernanke's shaky delivery, and even shakier logic may cause faith in America's economic leadership to evaporate faster than the value of our dollar. In particular, Bernanke delivered two massive distortions: Lie #1 - The Fed isn't printing money. Bernanke stated: "... read more
(Reuters) - U.S. government inflation data is "a sham" and is causing the Federal Reserve to vastly understate price pressures in the economy, influential U.S. investor Jim Rogers said on Tuesday. The U.S. central bank uses inflation data that relies too heavily on housing prices, Rogers told the Reuters 2011 Investment Outlook Summit, and he criticized the Fed's $600 billion bond-buying pr... read more
Eric Sprott is more bearish now than he was a decade ago, when the Toronto-based investor started his first hedge fund to offer investors protection from what he believed would be a protracted market downturn. Back then, the bursting of the technology bubble was painful, but the global financial system is now in even worse shape because of bailouts like Ireland’s new rescue package, says t... read more
With the gold and silver markets heating up once again, King World News interviewed legendary trader Jim Sinclair. When asked about repeated top calls being made in the gold market Sinclair responded, “This is not what a top is made of. I’ve been around long enough, I’ve seen many, many markets, so many I don’t even want to count anymore, and this is not what tops are made out of. To... read more
China, Russia, Iran Dumping Dollar For Gold Posted on Pakalert on November 26, 2010 International Forecaster Something is going on that your government does not want you to know about. Very few journalists have written about it and little or nothing has appeared in the mainstream media. The story could be one of major stories of our time. Western powers have tried to destroy gold as... read more
"Straight Talk" features thinking from notable minds who you, the ChrisMartenson.com audience, have indicated that you want to learn more about. Readers submit the questions they want addressed and our guests take their best crack at answering. The comments and opinions expressed by our guests are their own. This week's Straight Talk contributor is G. Edward Griffin -- political lecturer, f... read more
(Reuters) - Warren Buffett, whose Berkshire Hathaway Inc sits on $25.54 billion of cash, said worried investors are making a costly mistake by buying up U.S. Treasuries that yield almost nothing. In his widely read annual letter to Berkshire shareholders, the man many consider the world's most revered investor said investors are engulfed by a "paralyzing fear" stemming from the credit crisis... read more
By David Lew China has set the most ambitious task on gold reserves and gold mining: take the country’s gold holdings from the current 1054 tonnes to a massive 10,000 tonnes in the next 10 years. Is this grand task a realistic plan or a golden dream? Chinese officials say the dragon country wants to overtake the United States in gold reserves. America is the world l... read more
Associated Press, 03.15.10, 02:48 PM BOISE, Idaho Idaho lawmakers are backing a plan that would allow state tax bills to be paid down with silver medallions instead of cash. The bill approved Monday is intended to encourage the use of silver as a form of currency and reinvigorate Idaho's silver mining industry, which has been in decline for decades. Athol Republican Rep. Phil Hart t... read more
world history, only ten times more silver has been mined than gold. If you go back about 1,000 years ago between the years 1000 and 1250, gold was worth ten times more than silver worldwide. From year 1250 to 1792, the gold to silver ratio slowly increased from 10 to 15 and the Coinage Act of 1792 officially defined a gold to silver ratio of 15. The ratio remained at 15 until forty-two years la... read more