The desperate attempt to keep the Euro together is really setting the stage for sending Germany into a Great Economic Depression. Merkel now wants to raise the tax rate to pay for all her bailouts of Europe. She cannot comprehend that raising taxes to support the Euro is reducing disposable income and reducing the […]

COMMENT: Marty, one of the comments on the Mises Institution site says it all. You are never wrong. I have to admit. I was a goldbug and listened to the bullshit as you call it. Yet this action in gold has proven not merely were you correct in saying gold would pop, it has nothing […]

  Here are transcripts of the WEC since the Movie Producers filmed everything since 2011. They had transcripts made and can search a topic and come up with the time I discussed it. 4:11:02 “Alright, I’ll pay more, but he’s paying 75 so that makes it ok.” This is what’s going on. Every time in the cycle […]

  At the Berlin World Economic Conference I delivered the same forecast we gave to the Swiss – the EURO/SWISS PEG COULD NOT HOLD.  Indeed, its lasted about Pi 3.14 years before the pressure really built and 3.3 years it cracked. Who is to blame? The Swiss? Or does the blame belong to Brussels and […]

  Notice that the DAX has held up the best even against the Dow. Why? Capital continues to move within Europe to Germany assuming the Euro will crack and they will get Deutsche marks once again. Even the French CAC-40 illustrates that capital is starting to flee from PUBLIC to PRIVATE assets. Even Greek shares […]

  It is being called Black Thursday. There was a tremendous natural short-position in the Swiss franc with all the people who borrowed Swiss to save on interest rates. True they saved interest. In return, they gained a 30% loss in currency. This natural short position from borrowing Swiss impacts mortgages in Britain down to […]

  The problem with the Euro has been the secret design to federalize Europe. It is one thing to create a central government for the major issues of international cooperation and defense and another when you try to create centralized control over everything. The demise of the USA is also in the cards because of […]

On September 6th, 2011 the Swiss National Bank (SNB) was aiming for a substantial and sustained weakening of the Swiss franc after Swiss companies threatened to leave because the rising franc reduced their exports. The SNB would no longer tolerate a EUR/CHF  exchange rate below the minimum rate of CHF 1.20. The SNB set out to […]

The Swiss franc has risen by almost 30pc against the euro after the central bank shocked global markets by abandoning its long-standing peg to the euro imposed in 2011. The Swiss had no choice. They have been buying Euro at alarming amounts as smart money bet the Swiss would be far better at the end […]

Over the past three years, I have received countless emails about how I am wrong and if it were not for me commodities would rise. These nasty comments are typical from someone who wishes to live in denial and pretend that their OPINION is correct and that the world is wrong – never them. My […]