The Euro Could Disappear In 10 Years – BlackRock CE

The euro could be in danger of disappearing within the next decade if France does not continue pushing economic reforms, BlackRock Capital boss Larry Fink said Tuesday. Fink expressed his concern about the health of one of Europe’s largest economies at The New York Times’s DealBook Conference, mentioning France’s recent downgrade by Standard & Poor’s. “I don’t think […]

Continue reading

The Fed Can Only Fail

The basic predicament we are in is that the current crop of leaders in the halls of monetary and political power do not appear to understand the dimensions of our situation. The mind-boggling part about all this is that it’s not really all that hard to grasp. Our collective predicament is simply this: Nothing can grow […]

Continue reading

Interest Rate Observer's Grant: Central Bank Folly Will Lift Gold

“James Grant, editor of Grant’s Interest Rate Observer, expects gold prices to rise as a result of the flawed easing policies of central banks around the world. “Gold is the legacy monetary asset. It was there before they printed paper,” he told Yahoo. “The price is the reciprocal of the world’s faith in central bankers. […]

Continue reading

Interest Rate Observer's Grant: Central Bank Folly Will Lift Gold

James Grant, editor of Grant’s Interest Rate Observer, expects gold prices to rise as a result of the flawed easing policies of central banks around the world. “Gold is the legacy monetary asset. It was there before they printed paper,” he told Yahoo. “The price is the reciprocal of the world’s faith in central bankers. The […]

Continue reading

What Happens in a Market Downturn?

“How will asset-backed securities fare in a market meltdown? Not-so-ancient historic data demonstrates than when stocks fall, so do other types of securities. When the stock market falls, historically, the value of assets falls, as scheduled repayment or predicted earnings becomes increasingly uncertain. In the chart below, one can see how in the 2008 market […]

Continue reading

Balance Sheet Liquefaction And The Race For Precious Metals

  The Fed seems to be stuck because of housing market weakness and its associated mortgage backed securities. The repo market appears to be where the stress is most threatening, though hidden from view. These trillion dollar daily transactions are the lifeblood of world financial markets. Furthermore, the size of global financial markets has become […]

Continue reading

Canadian billionaire predicts end of US Dollar as world's reserve currency – Ned Goodman

“Canadian billionaire businessman Ned Goodman predicts the end of the U.S. Dollar as the world’s reserve currency. He predicts the transition out of the U.S. Dollar will become, “…quite ugly.” He delivered the lecture at Cambridge House’s Toronto Resource Investment Conference 2013 on Thursday, September 12, 2013.”   Continue reading on goldsilver.com

Continue reading

Jim Rickards – Max Keiser interview

“In this episode of the Keiser Report, Max Keiser and Stacy Herbert, report from the heart of hedge fund land in Stamford and Darien, Connecticut, where they discuss the deja fraud of highly leveraged markets five years after Lehman collapsed and the nonsense job economy in which highly trained engineers spend their working lives dividing […]

Continue reading

They Denied That We Were In A Depression In 1933 And They Are Doing It Again In 2013

“The more things change, the more things stay the same.  The Great Depression actually started in 1929, but as you will see below, as late as 1933 the Associated Press was still pumping out lots of news stories with optimistic economic headlines and many Americans still did not believe that we were actually in a […]

Continue reading

'Money For Nothing' – The New Fed Documentary

“Charting 100 years of Fed history, the film features an impressive collection of economic actors and thinkers: Paul Volcker, Janet Yellen, Jim Grant, Peter Atwater, John Mauldin, Barry Ritholtz, Gary Shilling, and others. It’s also narrated by the dulcet tones of Liev Schreiber. If Farhenheit 9/11 was Michael Moore’s seminal repudiation of George W. Bush’s foreign policy, Money […]

Continue reading