The United States relies heavily on foreigners to buy our worthless paper, I mean U.S. Debt. This past year there have been auctions that have not gone well, but generally someone buys the stuff, if only to keep the value of what they already own from tanking. Doug Hornig has more to say: What If [...]

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I am indebted to some very sharp Swiss money managers at BFI Capital for the information for this post. People in general just do not understand the difference between nominal dollars, real dollars, inflation adjusted dollars, etc. These people started me into currency diversification back in the mid 1990′s. (If you have serious net worth [...]

Continue reading " Dow is DOWN 25% in Real Dollar Terms Since 1999 Even Though Index is Still 10,000 "

Ever since the day of President Richard Milhous Nixon and the day he closed the “gold window”, many Americans have been aware of the devaluation of the U.S. Dollar. Back then there were miniature $1 bills and miniature pennies depicting the “shrinking” value of our currency. More recently, millions that became billions are now trillions. [...]

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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 [...]

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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. [...]

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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 [...]

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

Richard W. Fisher, the current president of the Dallas Federal Reserve Bank, is well known for his eloquent speeches. Two recent speeches are, as usual, quite instructive (the first is also rather long). The first one listed below took place at the University of Beijing, China in April 2009. The second was held on May [...]

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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.’

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Olivier Garret of Casey Research responds to the Federal Reserves announcement of a $300 Billion treasury buy back: Profiting in a Political Economy? By Olivier Garret, CEO, Casey Research Yesterday the Federal Open Market Committee (FOMC) announced a Treasury purchase program of up to $300 billion “to help improve conditions in private credit markets.” Minutes [...]

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Bait for the Two-Legged Rat By David Galland, Managing Editor, The Casey Report, Casey Research I have often said that humans are like rats in that they are extremely ingenious when it comes to looking after their personal interests. Lock a rat in a metal box and it will almost be able to figure a [...]

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