Precious metals news

Today, in Greece as we warned you yesterday, the government is seizing the pension accounts in order to pay the IMF bill.  I believe that they learned those skills from […]

On CNBC last night, Peter Schiff debated Wayne Kaufman, Chief Market Analyst at Phoenix Financial Services. Is the NASDAQ in bubble territory today? Kaufman argues that the tech landscape is completely different than it was in 1999. Peter counters that a bubble always looks different than the last one when you’re in the middle of it.
Whenever there’s a bubble, it’s always different this time. There’s always reasons to rationalize why it’s different. Remember, that’s exactly what everyone was doing in 1999 and 2000. They were rationalizing why it was a new era, it was a new economy… Bubbles always make you choose. Either you’re going to look like a fool before they pop, or you’re going to look like a fool after they pop.”

It’s an oligarch’s world, you’re just living in it...

The black line on the chart below shows that silver started to go parabolic until the bullion banks “stunted” the move on the day that the Government released the infamously […]

What exactly happened to gold & silver on last night's Globex open???

In one of the largest gold heists in history, Authorities in eastern North Carolina say armed robbers stole $4 million in gold from a truck traveling on Interstate 95 from […]

The world is heading towards an economic and financial collapse of epic proportions. ENERGY drives the markets, not FINANCE.  Finance is supposed to steer the economy in a straight line […]

Finance ministers in the Eurozone appear to have had a free lesson in game theory from Professor Yanis Varoufakis, the Greek finance minister. It appears that under the Lisbon Treaty, […]

Scientists tell us that it is just a matter of time until another superquake hits the Illinois, Indiana, Missouri, Arkansas, Kentucky, Tennessee, & Mississippi region known as the New Madrid […]

People blast Apple (and Microsoft, Google, GE, etc.) as unpatriotic for taking advantage of the legal options available to them. This is simply an ignorant assertion. Critics have completely forgotten […]

- Auditors find €7.6 billion hole in Austria’s “bad bank”, Heta Asset Resolution AG - Austria’s government says it will not give Heta “a single euro” - Emergency legislation passed […]

Today the 6th largest bank in Austria (Hypo Bank) halted payment of 8 billion euros of debt and they will enter shortly into a default position. In previous debt defaults, […]

When the coming economic crisis strikes, more than half the country is going to be financially wiped out within weeks...

Income inequality has been a hot topic since the bailouts of the big banks following the 2008 financial crisis. A recent article from National Public Radio’s Planet Money shines a light on the history of the trend, which has only gotten worse in the past few years.
Beginning in the Great Depression, and continuing until about 1970, the average income of the bottom 90% of United States wage earners exploded. It grew more than 200%, while the top 1% saw just a tiny fraction of that income growth.
Beginning the 1980s, that trend reversed dramatically. Since then, the bottom 90% of Americans have had relatively stagnant income growth, while the top 1% has grown its income nearly 250%. What is NPR’s explanation for this?

In his latest video blog, Peter Schiff briefly reviews last week's negative economic data. He then looks at a recent public interview with Alan Greenspan, who believes that the US economy is not nearly as strong as everyone would like to believe. While Greenspan blames this on Congress, he simultaneously credits the Federal Reserve for inflating the current stock market bubble. All this from an economist who once criticized the Fed for market manipulation. How the times have changed.
I think Alan Greenspan knows it’s going to end badly. That’s why he’s advocating that people buy gold. But in this particular interview, he’s trying to absolve the Fed, because he’s trying to absolve himself.”

Tax keeps gold from circulating. In other words, the gold tax is the key to socialized money. We can never have a free market in money if gold is penalized […]

The past several years I have heard the US dollar being referred to as the “petro-dollar” insinuating that oil is actually what backs the dollar. Close, but not exactly accurate. […]

The Stacks Are Loaded Against Reform In Latin America. Currently Venezuela, Bolivia, Ecuador, and Argentina are on Washington’s list of governments to be overthrown...

BIG CHANGES are coming to the global gold market...