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
Historically, the most terrible things – war, genocide, and slavery – have resulted not from disobedience, but from obedience. – Howard Zinn We cannot defend freedom abroad by deserting it at home. – Edward R. Murrow Talent hits a target no one else can hit; Genius hits a target no one else can see. – … 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
Since nothing else moves the markets these days besides the utterances of insane Central Planners armed with printing presses, I figured it would be a good idea to preview tomorrow’s Fed decision. I find the setup particularly interesting since the consensus seems to be expecting QE3 and I do not. Have a watch! Like this … 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
I had the pleasure to record an interview earlier this week with GoldMoney.com’s Alasdair MacLeod. We talk gold, silver, bitcoin and the two paths humanity can take going forward. Either toward a centralized, police state gulag or a decentralized, free and open society. The choice is ours. Have a listen! Like this post? Donate bitcoins: … Read more
I can calculate the movement of the stars, but not the madness of men. – Isaac Newton A brave man dies once, a coward a thousand times. -African Proverb The only way to deal with an unfree world is to become so absolutely free that your very existence is an act of rebellion. -Albert Camus … Read more