I know a lot of goldbugs hate my guts because I do not constantly only say BUY and I point out that NOT only gold and silver survive the collapse of a currency. I once had a German client who was a multimillionaire back in the 1970s. When the German government collapsed, he was buying […]

QUESTION: Do you think that this entire scam with cryptocurrencies that the government will be able to track, do they realize that in war you take down the power grid and all digital currency fails? If the backup system is destroyed, all your digital currency will vanish. Are they this stupid? Is this why they […]

ASIA:   The idea of lifting the cryptocurrency ban has started floating in China as a former central bank official has called the country to review its stringent crypto restrictions. Huang Yiping, a former member of the Monetary Policy Committee at the People’s Bank of China (PBoC), believes that the Chinese government should think again […]

QUESTION: Hi AE…so gov’t “money” (fiat currency) will become just some abstract floating measurement of value, an electronic entry in an electronic account in the cybersphere. As these various so-called gov’ts become less reliable, even between themselves, do you see the possibility of them simply skipping their phony currencies, & trading directly in gold. Russia […]

SWIFT will no longer process currency transactions from bank accounts to crypto exchange, with a value of fewer than 100,000 USD, effective February 1st, 2023. The move is designed to reduce the access of crypto investors which is a step toward what I have been warning that governments will NOT allow private cryptos to compete. […]

There is an onslaught of misinformation about the Federal Reserve from everything that it can go bankrupt, and the Treasury will become a second central bank, and of course, the Fed is really the cause of inflation and its balance sheet. The proposal by Janet Yellen to buy in long-term debt and swap it with […]

COMMENT: Marty; you should not be so hard on yourself. Nobody has tried harder than you to alter the outcome. Socrates is just unbeatable. I shared your hope that gold would have just cracked $1000 and that would have been a sling-sot up. But it stopped at $1045 and the reversals were elected and that […]

This FTX scandal is the death nil for cryptos. At first, I assumed that perhaps they lost a ton of money because of the implosion of the bond market. But this was not the case. In fact, this is perhaps the worst I have ever seen and it comes from trading losses from kids that […]

  The collapse of the FTX Exchange is pretty straightforward insofar as this is the same lesson that constantly repeats in finance time and time again. Basically, FTX lent US$10bn of client funds to their trading arm Alameda, which used it for leveraged their own crypto speculation because the crypto market has been collapsing. Typically, […]

Comment: I use Coinbase to hold some crypto. They sent me an email saying that my account that I had for years would be limited to withdrawals only if I do not give them updated government ID and download the latest version of the application. I use this on my PC and do not have […]