George Soros, speaking last Friday at Columbia University, stated that the seriousness of the current financial crisis can be compared to the collapse of the Soviet Union.
Soros is a smart guy, whether you like him or not is irrelevant.
This financial crisis is NOT over, nor is the demise of the U.S. Dollar over. It’s only [...]

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Why Bank of America was salvaged from the financial crisis I don’t know.
These people have gone way too far in the first place by requiring thumbprints  for identification. How much fraud have they really stopped this way?
How long before we just can’t do squat without some mark of the beast?
The idiots these banks hire are [...]

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I watched a video clip today from Yahoo! Tech Ticker where some youthful idiot was saying that since our Debt to GDP ratio was less worse than many other countries that everything will be Ok. Sure.
Richard Russell thinks differently, and I’m putting my money on Russell.
He had this to say:
“The US national debt is now [...]

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Green Shoots or Greater Depression?
By Bud Conrad/David Galland, Editors, The Casey Report
While we aren’t contrarian for the sake of being contrary, more often than not that is the position in which we find ourselves. Today, with the media falling all over itself to paint a rosy outlook for the economy while simultaneously voicing encouragement to [...]

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You may have seen this alleged quote from Harry Schultz regarding a bank holiday floating around the internet:
“Some US embassies worldwide are being advised to purchase massive amounts of local currencies; enough to last them a year. Some embassies are being sent enormous amounts of US cash to purchase currencies from those govts, quietly. But [...]

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Jim Rogers was interviewed in IndiaTimes about his outlook on stock markets, commodities and countries to invest or avoid.
On stocks, Rogers says he won’t short markets because even poor stock markets can go to unheard of heights when price in currencies that are becoming more worthless. He feels a currency crisis is within the near [...]

Continue reading " Jim Rogers Tells Fund Managers to Become Farmers "

By Jeff Clark, Editor, BIG GOLD
What if deflation wins?
While we think the odds are strongly stacked against it, particularly given the government’s furious pace of money printing, the prudent investor understands – and respects – the time-tested adage, “Nothing is guaranteed.” So while our chips sit squarely on the spot marked “inflation,” what will happen [...]

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By Doug Hornig, Editor, BIG GOLD
Tuesday, October 9, 2007 started as a nice day in New York City. A lovely early fall day, with the temperature still a balmy 80° at 2:00 in the morning. By evening, though, the temperature had dropped twenty degrees, the clouds had rolled in, there was thunder and rain.
As with [...]

Continue reading " The Second Crash – On the Way and Unstoppable "

Paul van Eeden currently has no newsletter to sell, no axe to grind that I know of. Here’s his current thoughts on the financial crisis, de-leveraging and how long it will take to unwind:
Paul van Eeden on BNN
Paul doesn’t see de-leveraging getting over with any time soon. It took us 27 years to get here [...]

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‘When gold breached the $1,000/oz mark this February, the mass media were full of reports of unprecedented coin demand and long wait times for bullion buyers. You couldn’t open the paper without seeing a piece about the gold rush.’

Continue reading " Where to Find the Best Deals in Physical Gold "