QUESTION: I have done my own homework and it appears you are correct regarding monetary history and that simply because a currency is “fiat” does not result in hyperinflation, Even the Greenback of the US Civil War did not result in hyperinflation. Is it correct to say then that hyperinflation takes place only with revolutionary […]

I have warned many times that the greatest problem we face is the attempt to always reduced the event to being caused by a single fundamental as if for that instant everyone became democrat or republican. Even the criminal prosecution of  Raji Rajaratnam on insider trading is bogus for the same reason. The assumption is a single […]

It maybe corny, but it is true. Confidence is not about merely being outwardly proud, it is all about believing in your own ability. The same is true with regard to the economy. Even Keynes realized it is WHAT you believe that counts, not even if it is actually true. Indeed, a false GOOD rumor […]

QUESTION: If 2014 is a war year how can confidence in economy continue till 2015? ANSWER: This cycle is the beginning of unrest. We expect this to begin manifesting in terms of civil unrest – not a worldwide war. That could come later as things develop. However, the civil unrest is most likely to begin […]

A number of people have asked what does the future really hold with the civil unrest/war cycle turning up next year. Government NEVER collapses because of revolution. Let’s get this one very straight. Any government as long as it is strong will crush into dust all resistance. The key to the collapse of empires is […]

What is emerging over elections in Italy is really amazing. We have had the EU claim that the Italian Mafia is controlling elections in June. However, what is now starting to emerge is that the EU Commission played an active role in staging a coup to oust the former Italian Prime Minister Berlusconi and replace with […]

The mantra of Goldbugs has been that paper money is worthless and only gold is money. That is pretty much like saying the earth is still flat. Money has historically been many things and gold is only one of them. The issue is always the fact that money (regardless of what it is) rises and […]

When I first came out and wrote about the “Club” and how there was an organized group of banks and some hedge funds that targeted individual markets to manipulate, they tried to pretend it was sour grapes. I had even hired Robert Howe who may have been the first African-American analyst in American History. Bob […]

Goldman Sachs & the Aluminum Scandal The tide has turned against the bankers and there will not be a rock big enough to hide under. The market is starting to wise up to the commodity game of controlling the warehouses and trading on the same commodities after 31.4 years. I have reported previously that the […]

The banks are coming under tremendous pressure in respect to proprietary trading. The days of the merger of Commodity Trading that took over Saloman Brothers in 1981 by Philips Brothers (PhiBro) are coming to an end 31.4 years after they began. JP Morgan has announced it is exiting the commodity business which came 3 days […]