Standard & Poor’s 500 Index has lowered the credit outlook for the EU as a whole to NEGATIVE. SPIEGEL Online reported, in addition to the new aid for Greece, one of the reasons for the negative rating includes the investment plan by President Juncker to spend more money. No one comprehends that increasing tax enforcement and raising taxes is not […]

The IMF has taken the position that it should put off any move to add the yuan to its Special Drawing Rights currency basket until September 2016. This seems to be political rather than economic. Then again, the IMF is acting far beyond what it was intended to do and is part of the Troika in Europe […]

Anyone who thinks this is about terrorism is pathetically naive. The NSA is a top-notch Tax & Economic Espionage (TEE) organization; with terrorism so low on the agenda, it is laughable. You do not collect every phone call worldwide of billions of people to sort out even 100 terrorists. They store all that data and can input your name and […]

Reuters is reporting that Merkel has decided to run for election once again in 2017. The longstanding joke in Germany is that either she will have to die while in office, or someone will have to drag her out. She would not know what to do if she was not in control of Germany, and thus […]

QUESTION: Thanks for the latest posts.I have 3 queries if you care to consider them. Some years ago you used to say $5000 and $12000 when contemplating gold’s upside.Now the latter seems out of reach.Can you indicate what caused you to change your mind? Secondly, regarding a possible Republican Presidential victory, does this correlate with a […]

The asset class within tangible assets in the immovable category is none other than real estate. This greatly varies from one location to the next. We face two main problems with real estate because we are facing a major Sovereign Debt Crisis. First is the fact we have a problem with leverage reflected within interest rates. While many tout […]

A gold standard has never worked for one primary reason: the “money supply” cannot increase based upon economic conditions or politicians, rather it can increase due to new discoveries. This introduces the same flow concerned fiat money. The 19th century was plagued by the gold discoveries in California, Alaska, and Australia. Likewise, the discovery of […]

Greenspan wrote rudimentary programs on a punch a card. This form of programming predates computers. This recording medium allowed one to code the notes to a song on a cylinder, and music would play as the cylinder revolved. This was the forerunner to punch cards used in early computers to input data and run a […]

Commodities and their currencies continued to suffer this past week to complete what has been probably the worst week in a very long time. Oil lost another 1% leaving TWI at $47.95, whilst Brent lost 1.5% last seen at $54.45. Natural Gas is still unable to show any signs of recovery and was last trading at […]

China’s move to create a yuan based contract for gold was portrayed by the gold promoters cheering this as their savior, but for all the hype, the mere fact that gold will trade in yuan was neither bullish for gold nor any means of displacing the dollar. What this development does is effectively provide a […]