Trying to tip the direction of the most volatile of metals is a futile task and we would never advise anybody to attempt to trade the silver market. Even JP Morgan is going to get caught out with its massive short position one day, and any idea that these are the true masters of the universe is surely buried by the $2 billion loss admitted last week. READ MORE
After being immersed in the world of alternative economic analysis for several years, it sometimes becomes easy to forget that most people do not track forex markets, or debt to GDP ratio, or true unemployment, or hunch over IMF white-papers highlighting subsections which expose the trappings of the globalist ideology. Sometimes, you just assume the average person knows what the heck you are talking about. READ MORE
The booklet, which was distributed to “business colleagues” in the publishing industry, includes a brief biography of Obama among the biographies of eighty-nine other authors represented by Acton & Dystel. …
“Barack Obama, the first African-American president of the Harvard Law Review, was born in Kenya and raised in Indonesia and Hawaii. The son of an American anthropologist and a Kenyan finance minister, he attended Columbia University and worked as a financial journalist and editor for Business International Corporation.” READ MORE
I must confess that I’d been a gold bear for many years. When I reevaluated my position, I surprised myself when my conclusions made a 180-degree turn. On average gold has an 18-to-20-year life cycle, which implies the bull run will run until 2018-20. The cycle doesn’t necessarily mean a huge run-up, but it does mean there should be very little downward pressure. READ MORE
If we are trying to become independent of foreign oil, then why is the Obama administration allowing the Chinese government to buy up U.S. oil and gas deposits worth billions of dollars? READ MORE
Preppers are good people and care much about those around them, and unless something does jar those around them that choose not to prep, their own survival chances could be reduced. For every bit of food, water, ammunition, or supplies you sacrifice to the non-prepper, the fewer irreplaceable supplies are left for you and your family in a crisis situation. READ MORE
The critical question over the next decade isn’t “where will my returns be highest?” but “where will I lose the least money?”
That, according to economist and investor Marc Faber, is the scenario facing investors today.
As the author of the Gloom, Boom, and Doom Report, Marc Faber is a well-known contrarian, earning celebrity status because of his ominous predictions.
So his pessimism during a recent appearance on CNBC wasn’t surprising for a man whose nickname is “Doctor Doom.” What was surprising was the level of “wealth destruction” he sees in the not-too-distant future. READ MORE
Editor’s Note: It is said by others that the amount lost is closer to 4 billion.
JPMorgan has a reputation for being one of the better managed and more cautious of the world’s huge banks.
But that reputation has taken a serious knock with the disclosure last night that a trading desk in London has lost $2bn – and perhaps more – on deals in what are known as corporate credit derivatives, or insurance against the danger of loans to companies going bad. READ MORE