For the past couple of years, bullion dealer Tom Cloud has been the precious metals guru on the always-interesting and highly-recommended FTM Daily radio show.
The short version of the Long Wave story is that we’re emotional creatures with limited memories. For as long as there have been markets we’ve
Gold bugs are a generally happy bunch this week. But they’d be a lot happier if precious metals mining stocks kept up with the metals
When investors decide to close out their riskier positions and move into “cash”, they don’t actually go to the bank and get a stack of
As everyone knows by now, Greece, Spain and the rest of the PIIGS countries can’t fix their economies because they can’t devalue. If they were
Not all that long ago, most college campuses were pleasant but somewhat austere places where kids without much free cash learned from modestly-paid (but dedicated
Live by the sword, die by the sword. The 1% have spent the past couple of decades accumulating an ever-bigger share of the world’s fiat-currency-inflated
Think of devaluation as the monetary equivalent of the “tragedy of the commons”. In a nutshell, if everyone shares ownership of or has access to
Europe’s leaders — that is to say German Chancellor Angela Merkel and the bureaucrats running the various eurozone agencies from Brussels — have looked into
Today’s world can be summarized in two sentences: Unless continuously fed with new credit, the global financial system will implode. And when confronted with this
Capital, like information, wants to be free. The idea that it should be limited to one country has always struck rich people as silly, which
One of the problems with the debate over the “national debt” is that there’s no generally agreed upon definition of that term. Is it what
Getting Europe’s mainstream politicians and appointed technocrats to agree to bailouts and austerity was actually the easy part. The real challenge for these guys will
Nobody really expects Greece to default on its debt and leave the eurozone. But Greek leaders do seem to be squeezing as much drama as
Nicole Foss, who under the pen name Stoneleigh co-edits the Automatic Earth website, just did a long-form interview with an Italian magazine where she lays
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