Why do cycles work? Because indeed history repeats since the passions of man never change regardless of the centuries. The majority are always wrong for like Marx, they ignore HOW things function and prefer to believe only WHAT pleases their expectations. It is not that someone need be clairvoyant, all they need do is read […]

Tens of thousands of anti-austerity demonstrators, who included members of the pro-communist union PAME, gathered during a protest in Athens on Wednesday, Feb. 20, 2013. Perhaps 40,000 filled the streets of Athens as unions staged a massive general strike to protest government spending cuts and tax hikes. It is widely criticized that these austerity measure will […]

“I think you’re a positive influence to many more then you think, and I know they hope you stay the course.  A lot of my friends read your work and appreciate it.  There’s always going to be haters, and who knows why and who can explain them??  I’ve observed my life that some people simply […]

Silvio Berlusconi’s remarkable comeback ahead of Italy’s election has revived a hope for actually Europe as a whole. Berlusconi’s status as a billionaire could actually save Europe if he wants to really lead the way for both Germany and France are on walk-abouts and the European continent is at risk even from Russia because it […]

The key support on the weekly level in gold lies at 15795. A weekly closing below that will  eventually be followed with a test of the 14100 to 14600 level. This is the bottom of the channel where gold should eventually test. The time for a rally in gold remains after 2015.75. This has been […]

Obama is putting a huge effort to disarm Americans, yet he will not spend 1% of this effort to address the economy and honestly try to figure out what the hell is wrong. He is obsessed with always expanding the power of government. Remember how he stood before the nation and criticized Bush for GITMO? […]

Obama, like all Marxists, must realize that you cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. These people assume they possess the ultimate power to dictate to the world unsound finance for they have refused to even ask – Has anyone tried this before?. They cannot grasp even WHY Communism […]

The chaos in gold is typical. Already, the hate mail has begun. “Stop the Bullshit” one said because demand in Shanghai is at record highs.It takes far more than one country to make a bull market. Others just blame me for the decline because they just listen to those who always say buy. The New […]

Déjà vu – In 1934, Congress enacted the first municipal bankruptcy legislation – Chapter 9. This was born of necessity during the Great Depression. One city to go bankrupt was Detroit in 1934. In 1956, the Packard Plant closed and is the largest abandoned plant in history to this day. Nevertheless, Detroit had been the center of […]

Question: “Europe along with Japan look like they are preparing to be flushed down the toilet,” would you anticipate their equity markets to be flushed down the toilet as well.  (Not necessarily a crash, but a very large correction). ANSWER: NO! This is part of the Sovereign Debt Crisis. I was speaking politically ONLY – […]