Keynes Would Be Buying Gold Hand Over Fist

By | December 18, 2020

– What Keynes would think of today’s “Neo-Keynesians”- Unlike his acolytes, he understood the value of gold and the dangers of currency debasement- Keynes did not desire “a world where currencies are backed by nothing more than a governmental promise to pay while the printing presses whirled unchecked”– Keynes would have been “puzzled that his… Read More »

Nothing is better than cash

By | December 18, 2020

Nothing is better than cash. A new group, which calls itself the Better Than Cash Alliance, is as dangerous as the group of “outdoor enthusiasts” that met at Jekyll Island that fateful early-20th Century November. A number of financial institutions, including, but not limited to, Citi, Visa, and MasterCard, support the BTCA, for obvious reasons.… Read More »

The War on Cash

By | December 18, 2020

The War on Cash is now going into hyper-drive. In the last 24 months, Canada, Cyprus, New Zealand, the US, the UK, and now Germany have all implemented legislation that would allow them to first FREEZE and then SEIZE bank assets during the next crisis. These moves will be sold as “for the public’s good,”… Read More »

Canada next to pull a Cyprus

By | December 18, 2020

You cannot at the same time have the government telling you that the banks are safe and sound and at the same time preparing to, or actually, seizing your funds. That is felony grand theft and fraud — period. That is not confined to Cyprus. Now Canada intends to put the same system in place.… Read More »

Union Rules Harder to Digest than Twinkies

By | December 18, 2020

Did union workers simply get their ‘Just Desserts’ for backing Hostess into a corner with too many unreasonable demands? Consider the evidence. Union workers have now completed their mission. 18,500 jobs are gone forever. The national labor bosses stood firm. Labor leaders are proud they stood up to those nasty ‘suits’ [see Entourage for definition]… Read More »

A Little Perspective On What Lies Ahead

By | December 18, 2020

Eliminating Elites won’t eliminate our structural problems or the reduction in phantom wealth we’ve all been relying on. Many finance-oriented critiques start from the position that our problems largely stem from the financial/political dominance of Elitist cartels and cabals. Clearly, the malinvestment, exploitation, predation and disregard for the law that characterizes the rule of political-financial… Read More »

The Fed On Gold Price Manipulation

By | December 18, 2020

On June 3, 1975, Fed Chairman Arthur Burns, sent a “Memorandum For The President” to Gerald Ford, which among others cc:ed Secretary of State Henry Kissinger and future Fed Chairman Alan Greenspan, discussing gold, and specifically its fair value, a topic whose prominence, despite former president Nixon’s actions, had only managed to grow in the… Read More »

Price Action Changes Everything

By | December 18, 2020

I recently found something that could not be simpler. Stop using those charts cluttered with indicators. They are not helping you. They’re cluttering up your decision-making. You don’t need them to be successful. So why would you want to use them? The successful trader trades using only proven, time-tested trading techniques. You should too. Why… Read More »

Europe Is About to Implode

By | December 18, 2020

I’ve warned time and again that the EU would collapse in May-June. That collapse is here right on schedule. And NO ONE will be able to stop it. Here’s why: 1) According to the IMF, European banks as a whole are leveraged at 26 to 1 (this data point is based on reported loans… the… Read More »