Nobody knows what the hell to make of North Korea. Is he insane?  Do we laugh or cry? He can;t reach the USA, but he can reach Japan and South Korea. The one thing talked about behind the curtain is simple. War would be generally conventional. The nuks are there as a backup. If Russia […]

From South America a reader has written about the trend down there: “You know the same thing is happening in Latin America. Tons of dollars have been flowing there recently and dollar borrowing rates have skyrocketed as all US benchmark rates reached record lows.  Economies are booming and it doesn’t take a genius to see […]

The popular nonsense is that the confiscation of assets in Cyprus was to force people to invest. Smart money has been moving from PUBLIC to PRIVATE. But if you really think these people think more than one step at a time, you are crediting them way too much. Yes, capital should not park in bank […]

This is truly an amazing story. Bank of America tried to foreclose on a home in Floridia when they had no such mortgage, and the homeowner proved he had paid cash. A judge ruled Bank of America had to pay the legal fees, and 5 months later ignoring the court order, the homeowner moved to […]

The Cypriot politicians will remain in the Euro at least for now. They are listening to Brussels and are afraid of retaliation if they try to leave. We submitted a proposal to try to save Cyprus, but the powers that be are doing as they are told by the European Commission. There is little hope […]

Everyone keeps touting the demise of the dollar. They seem to be unaware of the global private debt bubble in dollars and how bullish that can be. During the 1980’s, banks in Australia sold Swiss loans on the basis that was the way to save massive interest with no view of the A$ whatsoever. Then […]

1. You have been pretty consistent in your position that gold is yet another commodity with business cycles affecting it as much as corn or copper and therefore a gold standard would never work. But wouldn’t you agree that at the least a gold standard would serve as a speed bump on government’s constant expansion […]

French President François Hollande should get the Noble Prize for providing the script for How to Destroy and Economy for Dummies. He went on TV on Thursday now saying he would make companies pay a 75% tax rate on salaries over one million euros. He is repackaging his Marxist campaign promise that he would impose […]

Just as Russia called unprecedented military exercise to show force to Europe, the US did the same holding military exercises using B-2s capable of delivering nuclear bombs in South Korea intent upon showing force to North Korea, which in turn responded by putting everything on alert to attack USA mainland. http://www.bangkokpost.com/news/world/342948/n-korea-puts-rockets-on-standby-for-us-strike

The man who sparked the tea party turns on gold taking the position that the days of Ayn Rand are over. In a world of just electronic money, what will be left? Interesting question to ponder. http://www.mining.com/they-securitized-it-the-man-who-sparked-the-tea-party-turns-on-gold-93605/?utm_source=digest-en-mining-130328&utm_medium=email&utm_campaign=digest