In what is an extremely positive development, the English city of Bristol has created its own local currency. It is called the Bristol Pound and it came into official existence for trade yesterday at 12:11pm local time. This just further solidifies what I believe is an irreversible trend toward decentralization of money away from banking … Read more
We always ultimately see where their loyalty lies when it comes to these guys. Can’t win the Presidency? No problem! Become a whore for the banksters that blew up the economy and now continue to parasitically suck the lifeblood out of it each and every day. I’ve said it before and I will say it … Read more
While gold in U.S. dollar terms is still over $100/oz from the record hit a year ago, gold in euros is already right at that record and testing a breakout. This all makes sense considering that the spotlight has been and continues to be on Europe at the moment. As I mentioned in my latest … Read more
Last week’s news of a strategic partnership between Samsung and Cluff Gold is potentially one of the most significant events to happen in the gold market during the entire bull market that began over a decade ago. The implications of this deal are enormous, and are particularly bullish for mining companies. This line from Cluff … Read more
This is a very interesting story out of China that should serve as a canary in the coalmine for precious metals investors everywhere. Basically, it appears that banks and other companies that have lent money to China’s steel sector with warehoused steel used as collateral have discovered that the steel in many cases is not … Read more
So I was dead wrong about what the Fed would do in the video blog that I put out last night. I did not expect them to expand their balance sheet with asset prices as high as they are and the economy supposedly growing. This is THE signal I have been waiting for (and the … Read more
In March 2010, I wrote a piece called, Bureaucracy Gone Wild and the Return of Nation-States, in which I wrote: What is truly ironic about the whole mess we find ourselves in is that it seems the greatest fear of those that want to just keep pushing forward on the prior economic model that totally … Read more
A reader recently sent me this video, but I hadn’t had a chance to watch it until the other night. While the perception amongst most people is that there was some dissent from Ron Paul supporters at the RNC, this video demonstrates that the fracture runs much deeper than the establishment wants you to believe. … Read more
First and foremost, I want to express my most sincere gratitude to everyone who has frequented my site and supported it since its launch only five months ago. Without you, this site would be nothing and I want to make it clear how much I value your readership, commentary and passion. When I first started … Read more
Cell phones are tracking devices that make phone calls. – Jacob Applebaum in this excellent article titled Leave Your Cell Phone at Home So a recent article from Wired is interesting in that it is an offshoot from the recent judicial ruling that deemed it unconstitutional for police to place a GPS tracking device on … Read more