Precious metals news

The official report on the 2008 financial collapse, the worst since the Great Depression, singled out Citigroup and how it treated Richard Bowen, another Citigroup whistleblower.

As many readers already know, last week Paul Krugman linked to one of my Mises Daily articles explaining the importance of capital theory in any discussion of the business cycle. Although Krugman graciously described my fable about sushi-eating islanders as “the best exposition I’ve seen yet of the Austrian view that’s sweeping the […]

The southern African Republic of Zimbabwe knows all about currency crisis. In 2009, the country was forced to stop printing its own currency because inflation levels had grown to astronomical proportions. At its highest levels during 2008 and 2009, Zimbabwe’s inflation rate was estimated to have reached 79.6 billion percent. Eventually, the struggling republic was forced to abandon its own currency and cease the runaway hyperinflation. In turn, it adopted others like the South African rand, the euro, and the pound just to keep the economy functioning, according to Bloomberg.

A perfect storm of macro and market forces could generate a dollar crunch next year, Deutsche Bank AG analysts warn.

The entire world has a debt problem - with $223 trillion in debt, about three times global GDP. The US has a big piece of that - $63 trillion of the debt.

Jim Willie Issues A Systemic Lehman Event Warning, "Except This Time, The Entire Global Financial System Will Erupt Like A Debt Volcano...":

"We Are Fearing The Worst." bankers are bracing for long hours and angry mobs as pay day approaches in India."

So could it really be that after years of stonewalling, Draghi, the ECB & the cabal of central bankers and regulators, are finally being dragged blinking in to the light?

I believe we are in a new bull market that was predictable and predicted. We had a correction that was predictable and predicted. The correction ended and that was predictable […]

AN INVESTOR who correctly predicted Britain would leave the EU before the referendum has now forecasted the euro will collapse.

- but cautions Trump, China and debt could knock us off course

China added new restrictions on pulling yuan out of the country as authorities seek to prevent a flood of capital outflows from destabilizing the financial system.

Less than a week after India’s surprise move to scrap its highest denomination cash notes, another front in the War on Cash has intensified. It’s happening across the planet, from […]

Mnuchin said that mortgage giants Fannie Mae & Freddie Mac should be released from the grip of the Federal government. If Mnuchin does make inroads into releasing Fannie Mae and Freddie Mac into the wild (or shut…

As Subprime Loan Delinquencies Hit Highest In 6 Years: NY Fed. The data suggest some notable deterioration in the performance of subprime auto loans.

Ron Paul and Daniel McAdams discuss Healthcare reform is in the news with president-elect Donald Trump naming Rep. Tom Price (R-GA) to be his Secretary of Health and Human Services.

These are Mr. Trump’s selections so far. Times reporters have also compiled possibilities for other posts, using information from the Trump transition team, lawmakers, lobbyists and Washington experts.

It’s happening faster than we could have ever imagined. Every time we turn around, it seems, there’s another major assault in the War on Cash.

Well, we've finally reached "contract expiration" day as the Dec16 Comex gold and silver contracts go off the board and into "delivery" at the close today.  With total Comex open […]

“Anyone who has surplus funds should be holding Gold & Silver because the dollar should be reduced already to the level of toilet paper."