Argentina seized all pensions. The people are getting to the point that all this socialism is really fascism. Those who keep pointing to hyperinflation better start looking in the opposite direction. Economics is like weather – you can die from too much heat or too much cold – both extremes will kill you. Hyperinflation is […]

We are preparing a very important report on the Global Pension Crisis and the Interest Rate Nightmare that we face. Government will not reform. There will be no HYPERINFLATION because they have no intent upon just printing to meet obligations. That historically has taken place only in governments that are in the process of revolution, […]

The ECB has made a study a few days ago claiming that those in Southern Europe are richer than those in Germany to support the view that no more bailouts will take place of banks. The ECB now claims that Cypriots are more wealthy than the Germans. The average assets of a German household is just […]

Lady Thatcher delivered her lecture and explained that Europe was to be an economic union, not a politician union where British Sovereignty would be handed over on a sterling silver platter. She was ultimately driven from office because of her Euro-Skeptic Views but she has proven to be correct. This political union risks sending Europe […]

A new EU Directive provides that compulsory levies in Cyprus will be charged over the weekend. At a meeting of EU finance ministers in Dublin, Commissioner Michel Barnier confirmed that the the people are responsible for the bank they deal with. Depositors will risk their money after the Bank’s shareholders and creditors of banks. It’s amazing […]

I remain long-term bullish on gold which is the HEDGE against government – not inflation. This nonsense of fiat and all that bullshit sounds good. But that was all true when gold fell for 19 years as well. This is a market. The object here is to SURVIVE what is coming. The market is NEVER […]

The crisis we face is the collapse of society because those in government have been greedy and lined their pockets with our labor. On average, we are approaching the $3,000 mark per household that will soon be the cost of government pensions. This is a staggering number that begins to rise exponentially. This is why […]

The Fitch downgrade of China’s credit rating is interesting because it is ANTICIPATING that China will have to bailout the state and local governments as well as banks. Under this approach, Europe should be downgraded to JUNK status.  Fitch downgraded China’s sovereign credit rating for the first time since 1999 because of concerns that the […]

The rise in Bitcoin to $147 is clearly a phase transition. Nothing moves in that manner that is sustainable. The cyber attacks are interesting. They could be major players seeking to disrupt the business to benefit short positions. Or it could be government attacks as well. http://money.cnn.com/2013/04/04/technology/bitcoin-cyber-attacks/ The problem Bitcoin faces is the same we […]

The Daily Bullish in the cash Euro for today’s close are 12977 and 13134. The Weekly Bullish are 13134 and 13433. This corresponds with the top of the technical channels. The monthly levels also show the first resistance at 13140 and 13370. We also have some closing resistance technically at 12996. The Euro on the momentum […]