So far we’ve tossed around terms like “money” and “currency” with some abandon. If this left you a little unclear about their exact meaning, not to worry, you’re in good company; the world’s business and political leaders appear to be just as confuse ...
The phrase ‘systemic collapse’ is rarely used in financial circles, but with housing collateral values in continued decline, there is an enormous financial margin call rippling through the system. In the OTC derivative market, values are unable to be ...
I just handed in a manuscript for a new book which contains the following sentence:
“The image of McMansion ghost towns, once the wishful thinking of a tiny anticapitalist fringe, is suddenly a little too close for comfort.” I’ve been worrying ...
I lived in South East Asia for most of the 1970’s, working in the branch offices there for one of the large New York City banks. I was a ‘line’ officer. This meant that I was not in the back-office, but instead, I dealt with the bank’s customers, whi ...
For gold bugs, the past few years have been kind of peaceful, intellectually speaking. Because they understood the dynamic of fiat currency leading to excessive borrowing leading to financial crisis they were neither confused about what was happening ...
There are three kinds of precious metals investors, and only two of them are happy. Those who own mostly bullion (or its ETF or digital currency analogues) have by definition profited dollar-for-dollar as gold and silver have soared recently.
Because a subscription to the Wall Street Journal cost several hundred dollars a year, most people out there don’t get it and DollarCollapse.com rarely posts links to its articles. But every once in a while the Journal puts out an edition that captur ...
In yet another sign that the end is near, Harper’s Magazine, that venerable fount of left wing culture, has become a source of clear-eyed financial journalism. In February it ran a cover story by iTuilip’s Eric Janszen explaining America’s devolution ...
My new friend Shayne McGuire is director of global research at Texas’ $115 billion Teacher Retirement System, which means he oversees a vast portfolio of high-grade bonds, Blue Chip stocks, and cash. Not the kind of environment that’s usually hospita ...
Back in June of 2006 I posted some long excerpts from an internal report produced by Colorado & Santa Fe Real Estate, a Denver firm owned by an entrepreneur Marcel Arsenault. More about him here. After riding the long bull market in U.S. real estate ...
During the past year the thoughts of some perceptive people appeared in this column. But just how perceptive is only apparent in retrospect. Some of these guys absolutely nailed it. So for the holidays I've decided to repost a few of the columns tha ...
Here we go. Gold and silver are soaring, financial stocks are tanking, heads are rolling on Wall Street, and the Fed’s creditability is melting like a popsicle on a hot summer sidewalk.
Here’s one for the ‘don’t try this at home,’ file. Yesterday’s post on how the dollar’s decline makes China’s red-hot stock market look like a classic short candidate—and my decision to buy puts on a China ETF—brought the following response from
Yesterday I took part in a round table discussion with some seriously smart, articulate money managers, two of whom are putting their clients into foreign stocks. Well-run companies with nice dividends in fiscally-sound countries will outperform, the ...
One of the most popular themes of the sound-money media is “the crossroad,” that place where a country ends up when it borrows too much for two long and is forced to choose between two (and only two) very different paths. One leads to deflation, with ...
Most financial bubbles are pretty easy to spot: An asset class climbs way beyond what old-fashioned valuation measures used to define as reasonable, market participants start acting like idiots, and pundits rationalize the madness with learned “new e ...
A world run on two or three fiat currencies, issued and accepted by diktat...becomes only more likely every time that drug-lords in Moscow trade a kilo of crank. But as a store of wealth for the future, however, gold keeps winning out. Since the drea ...
Everything is in bubble territory. Everything. From Indian antiquities to modern Chinese art; from land in Panama to Mayfair; from forestry, infrastructure and the junkiest bonds to mundane blue chips; it's bubble time! The bursting of this bubble w ...
The introduction of gold and silver ETFs has, so far, been a huge positive for the precious metals markets, opening the field to individuals and insitituions who wouldn't otherwise be buying bullion. It's safe to say that the vast majority of us (i ...
In short, the global boom in all asset prices has come thanks to one major bear market – the bear market in money. Government-led and central bank-sanctioned, it has now halved the value of US Dollars versus gold. It's pushed Sterling
