Curious note: On October 1, 2015 – the day of the Big Bang – the U.S. will begin shifting to EMV (Europay, MasterCard® and Visa®) “smart card” credit cards as a more secure way of accepting payments. Anyone accepting a card without a chip will be liable for any fraudulent payments. The banks will be exempt […]

This year’s 2015 World Economic Conference may be the most important since 1987. This event will be a major educational conference which will lay out the future of what we are facing, including the major question of all – where do I put my money? We will also be looking at the Asset Allocation view […]

Some people have misread my posting on an observation in Spain. The retail sale of gold coins was virtually nonexistent in Spain. This is not a shortage of gold. In Italy, bullion coins were being sold in stores. It is France that is after gold coins, demanding no cash sales and reporting on buyers and […]

The word from the Hill is very interesting. The minority conservative Republicans are starting to revolt against Boehner – the destroyer of the Republican Party. If there are two of the worst possible people we could ever have in politics, it is Obama and Boehner. The word around the Hill is that this may be […]

As a result of Title XIV of The Dodd-Frank Wall Street Reform and Consumer Protection Act, the Consumer Financial Protection Bureau (another agency to complicate matters) issued a number of mortgage related rules that are not actually voted on by Congress. They will impose far more paperwork and raise the cost of mortgages, while the Dodd-Frank […]

COMMENT: Hi Martin, Long time follower. I just bought a house in TN and I had the experience of proving where the money from a Vanguard account transferred into my checking account came from. The lender would not accept the Vanguard or bank account statements. I had to go to the bank and actually get […]

King John was forced to sign Magna Carta because he abused his powers and used the law to extract fines. That is why the revolt demanded trial by jury. Well, history repeats. Governments are abusing those same powers and are using the laws to harass people everywhere. Never rent a car in Europe. They will send you […]

The European Central Bank (ECB) may buy government bonds of member states to rescue the euro, according to the European High Court. This is in direct contrast to the German Constitutional Court, which rules that it violated German sovereignty. “The program does not exceed the monetary powers of the ECB and is not contrary to the prohibition of […]

Under Construction Glossary of Money Terminology Historical Outline The Origins of Money Primitive Period Evolution of Banking Birth of Coinage 700-550 BC 550-450BC 450-350BC 350-250BC Great Empires Greece (Mint Marks of Alexander the Great) Egypt Carthage Judaea Roman Empire Republic Imperial Rome By Emperor (Roman Mint Marks) Empires of the East Byzantium India Persia Syria […]

The precious metals are still pointing lower into our Benchmark targets. Indeed, the hunt for money by government is becoming so severe we may see the second Benchmark complete the decline, rather than the first. So be prepared for that development. The hedge funds are starting to sell again, keeping in sync with the charts. […]