The 1987 Crash The 1987 Crash also became known as Black Monday referring to Monday October 19th, 1987. It was a fateful day when the US stock market crashed, creating a wave of confusion as capital and government failed to grasp the real underpinnings of currency. The 1987 Crash came precisely to the day on […]

To be a European politician, it is starting to look like the requirement was to be mentally challenged, incapable of reason, blind to the truth, oblivious to everything around you that shows you are wrong, and obviously they required special schooling as a child. Austerity to maintain “confidence” in the currency is PRECISELY what the […]

Some people are just so hung up on this idea of selling paper gold they only try to explain the decline as false caused solely by paper shorts. Sorry – it does not matter! That is the nature of all futures markets. It is merely another twisting of facts to try to explain why a […]

All mirror must have been banned from Parliament in Brussels and Washington, DC because the majority of these politicians REFUSE to look at themselves straight on for fear what they might look like. They talk among themselves and ONLY see their point of view like the Gold Promoters who live in denial claiming the declines […]

Senators Sherrod Brown, D-Ohio, and David Vitter, R-Louisiana, have a new bill that would make banks keep much higher levels of capital. With this new agreed upon position among governments that it is the DEPOSITOR who should do his own due-diligence, then the megabanks that trade other people’s money MUST be outlawed PERIOD! There can […]

All the governments are now banning together to attack anyone with an offshore account. All they see is taxes, taxes, and more taxes. They are blind to the massive disinvestment that they are creating. Even Canada is getting into the game. They cannot see that capital will be more inclined to hoard and as that […]

Question: If government created even electronic money for its expenses, wouldn’ that be inflationary? Answer: Not necessarily. “inflation” is really the depreciation in the purchasing power of the currency. There is a whole other dimension that is overlooked – money supply relative to the population. DEFLATION will occur if you had a fixed money supply […]

One reader wrote: “Congratulations. Your forecast that the Dow would make new highs from the depths of 2009 has been astonishing. You have done the same each and every time since 1987. You consistently hit the ball out of the park every time. I was at your Berlin Conference. You dedicated that conference to Milton […]

Cyprus joined the EU when the bloc launched its “big bang” expansion, opening the door to 10 mostly ex communist countries in 2004, which then swapped their individual currencies for euros a few years later. However, unlike Greece or the rest of Southern Europe, the banks in Cyprus suffered heavy losses due to large Greek bond […]

Things have gotten so bad in Cyprus that yesterday the most revered person on the Island, Archbishop Chrysostomos II, accused the Troika of the Cyprus’ impending economic collapse and has called for the country to leave the European Union.  As the Archbishop said…and rather succinctly so… There will be no European Union in the future. […]