I cannot emphasize how serious a situation we are in on two fronts (1) Sovereign Debt Crisis and (2) Pension Crisis. These are really global problems that are going to explode in our faces. In Europe we have the Sovereign Debt Crisis has spilled over into the banking system since banks were required to have […]

Of course, the USA stock futures and the dollar came under some pressure as the shutdown of the government appears more likely. Everyone knows this is just drama and posturing as if the USA would actually default. But hey, it is good for moving markets as the talking head talk to themselves so much, they […]

Many of the Goldbugs will be happy to hear that the London Bullion Market Association (LBMA) says it might start charging member banks more or even dissolving the Gold Forward Offered Rates (GOFO) – the rate at which dealers will lend gold against US dollars – due to new financial market regulations. The push for regulation stems […]

COMMENT:  The diminishing (non-existent ?) possibilities for Americans to invest outside the US is not just in Europe.  I don’t live in the US but have a US passport and after a recent sale of a property, I was looking into diversifying the proceeds with investments in different countries around the world.  I was turned […]

The man who may have saved the world is Stanislav Petrov who was one of those bureaucrats who received a report that the US had launched nuclear missiles on a first strike to Russia. Normally, he should have reported the attack to his superiors but did not perhaps on a gut feeling it was a computer […]

Bureaucrats are the ones really behind the scenes that control the economic events. The idea that we actually have a democracy is truly just propaganda. A democracy is where you vote on each issue. Many states have such things in place at least partially as various propositions are submitted to the people in California. We […]

QUESTION:  Dear Martin, In your last post you say that sovereign debt crisis may be postponed for 8.6 years.  Would this delay the phase transition in the Dow and other US share markets.  Thank you for your posts, me and others I talk to read your blog everyday. Sincerely, JD ANSWER: Any postponement in the […]

The gold price has continued to drift lower as the no-taper rally of a week ago quickly fading into a distant memory. Whether the US Federal Reserve continues its economic stimulus program unchanged adding $85 billion a month, is really irrelevant. The Fed’s balance sheet will only hit the $4 trillion mark by the end of the […]

I reported that the object of the IRS is now to regulate accountants doing your taxes. The real idea is to expand the Draconian measures that any foreign bank that does not report what Americans are doing will be subject to have their assets confiscated in the USA. This has resulted in throwing out Americans […]

The Federalization of Europe is underway. One day after the elections, the ECB is already dictating that they are taking over supervision of banks and are hiring 1,000 to 2,000 people to monitor 130 banks. Deutsche Bank, in the meantime, has come out and advised Germans to short the Euro and go to the dollar. […]