The Euro has rebounded but only to retest the Weekly Bearish Reversal. The European Commission fails to understand that they have driven a stake through the heart of the Euro. It will NEVER be a reserve currency without a single debt. This crazy refusal to simply design a normal monetary system will be Europe’s undoing. […]

No matter what the news, the goldbugs find a way to constantly talk a market up detached from all reality. One reader wrote: “Now they way they’re spinning this is that the confiscation of deposits is all being done to encourage people to take their money out of banks and thus increase the velocity of […]

I have gotten off the phone with contacts in Cyprus. Everything is getting very scary. Politicians in Brussels and Germany are clueless. They assume that since they have the power to enact a law, the people will just follow it without repercussions. It does not work like that and they have crossed the line into the […]

The 1981 film Mad Max with Mel Gibson has been the subject of many emails asking what to do, should they store some food, silver coins, etc. As a trader, you always plan for ALL options so when they emerge, you know where to turn and what to do. I am diligently working to get […]

In the United States, Wall Street opened lower as the demand at an Italian debt auction came in much softer than expected. This is starting to spark concerns over the financial health of the euro zone among those who are beginning to grasp there is a problem with absolutely no solution and the bullshit mixed […]

I often get the question would I run for politics? I prefer the mantle of a political prisoner who has stood up to the Bankers and their Puppets (Bureaucrats) than the less glamorous mantle of a mere politician. Besides, I would be assassinated before I reached the stage. They know far too well what I […]

Hundreds of Bulgarians joined rallies across the country to protest against poverty and corruption. Bulgaria’s President Rosen Plevneliev has announced a caretaker cabinet, following weeks without a government. There is a rising tide against government and this is why the Homeland Security needs tanks – not because of terrorists, but because they are pissing-off a […]

George Warren (1874-1938) In 1932, George Warren had written, Wholesale Prices for 213 Years; 1720-1932. Effectively, this work was a forerunner to Monetary Theory by making observations that prices rose with the gold discoveries and declined when supplies of gold declined. This work was a simplistic monetary view of the world that Franklin Roosevelt could […]

Part of the reason why the Business Cycle moves in great lengths of 51.6 years is also generational. Attitudes change with time. When the Puritans fled to America after really being chased out of England as fanatics not much different that the Muslims we label terrorists today, they brought to America prejudice, bias, and the […]