FOX News reported that the U.S. Marshals Service in Houston is arresting people for failing to pay their outstanding federal student loans. Actually, Paul Aker, the subject of the Fox News report, failed to appear in court so the court sent U.S. Marshals to his home where he was arrested for a $1500 federal student loan he […]

Most of the wealth earned by the 1% is from INVESTMENT, not wages. So why are the 99% oppressed? Largely taxes. For example, Social Security is a simple tax. That money is not invested in your future. The government robs from Social Security and stuffs it with government debt, which they then move toward negative interest […]

QUESTION: Mr. Armstrong, most of the people in the gold community say you are wrong and gold has always been money. Would you care to respond? ANSWER: If you want to believe propaganda, that is fine. Have a nice day. I do not understand why people distort the truth to support their biases. The three […]

A very welcome quiet Friday after another volatile week for Asian markets but at least this one has been positive for the Nikkei. Closing down today (-1.3%) as dealers continue to question the BOJ’s drastic monetary policy (despite rumors of agree officials attempting to silence the media) but the Nikkei has closed up almost 7% […]

Christine Lagarde won another term at the IMF and is holding her grip as an unelected member of the Troika in Europe. There was just no competition and they need to keep her there because she has done a great job threatening countries to shut down all tax havens. Her reward — another four years as […]

— Bill Murray

While government may see gold as a barbaric relic of monetary history, it still will serve as a hedge against them from the private individual side. Our biggest problem is the hunt for money. They are of the opinion that it is not their fiscal mismanagement that is causing the instability, but rather it is […]

Well if you ever wanted to know how bad a totalitarian government can get, you need an uninhibited imagination for only then can you reach reality. We already have programs where the government encourages fingerprinting infants for their own safety in the incident of a kidnapping. Well, government may try implanted chips so they know all lifeforms […]

The insanity of NEGATIVE INTEREST RATES, instigated by Larry Summers, is based upon the stupid idea that lowering interest rates will stimulate borrowing and thus spending. The idea is that penalizing people by moving negative will FORCE them to spend their money and revitalize the economy. But what happens if they invest the money in […]

Shanghai was following the heard (+1.5%) until the last few hours of trading when the index fell to close small down (-0.2%). Both the Nikkei and Hang Seng built on yesterday’s gains, despite (Japanese) economic data failing to live up to expectations (exports fell 12.9% against a market consensus of -11.3%). Worth noting also is […]