Precious metals news

$45 Silver! As expected, silver has just shot through $45, last touching $45.19.We feel a CME silver margin hike coming on- no chance the cartel leaves silver solidly over $45 […]

Your Favorite Banker The man who started silver's massive run last spring when his whistle-blowing written testimony was read at the CFTC hearing on market manipulation will finally reveal himself. […]

Coming Sept/Oct 2011? *MUST READ!* LEAP 2020's calls should be taken extremely seriously due to their track record. Their latest is calling for the final economic/ financial collapse to occur […]

1 oz of silver bullion is now worth more than 1 share of the Morgue! SILVER 04/20/2011 09:34 44.71 JPMorgan Chase and Co JPM:NYSE Last Change / […]

US Dollar, April 20, 2011 Throughout yesterday's trading the dollar took the escalator back down to the dungeon it popped out of for all of Monday. If that wasn't enough, […]

Jim Willie's latest examines the 50 factors that are powering gold's bull market. Print out this list, tape it to the wall above your computer desk, and re-read every time […]

COMEX Silver passed $44 today to much fanfare- if only among the silver crowd. While silver investors have been gaining excitement about the prospects of $45 and even $50 silver- […]

The waterfall collapse in the dollar will be much worse than whats depicted in this video folks, trust us.

Precious metals aficianados have been waiting since 2007 for "The Big One"- the ultimate coming collapse in the US dollar. Personally, we have enjoyed the elite's efforts to kick the […]

Silver has just breached $44, last touching $44.10, the same day gold surpassed $1500. Now that silver has cleared $44, we would like to see it hold these gains and […]

While everyone focuses on the PIIGS debt issues, the mainstream media continues to completely ignore the massive debt issues facing US states. If you think QE is large now, wait […]

* MUST READ * Rob Kirby's latest exposes how JP Morgan, with the assistance of the CFTC took down Amaranth Advisors LLC in 2006 due to the fact that they […]

Stewart Thomson's latest examines why gold stocks are sitting at such low valuations, and what will happen to them (should have already happened) when institutions finally panic out of the […]

Gold and silver both worked higher overnight- both of metals are absolutely refusing to stay down. Gold sold off about $10 down to $1488, but has since recovered almost all […]

Black is Back. The man who became a cult hero by taking Congress to task over the Lehman failure is back, dropping a bombshell that the Dept of Justice deliberately […]

Dollar to Make Spectacular Decline? James Turk today called for gold to break $1,500 this week, and also called for a "spectacular waterfall decline" in the US dollar. This should […]

Toyota Originally Bound for the US Market NHK reports that Toyota has now brought all of its Japanese auto plants back online, although production levels remain only 1/2 of pre-disaster […]

What's the best way to entice the population to continue eating seafood that is contaminated with radiation from the Fukushima nuclear disaster? Don't test it for radiation! These EPA guys […]

This cannot be good. Image from TEPCO's Installed Cam

In the same vein as medieval physicians believed bloodletting would cure illness, modern snake-oil economists still perilously cling to their claim that rising wages and salaries are the cause of inflation. With my recent debates with these mainstream economists, I’ve heard the following: “without rising wages, where does the money come from to push prices higher?” I was tempted to respond, “where do the employers get the money to pay those higher wages?” But economists tend to get a little nasty when you make them feel stupid.
It is actually the predominant belief that wages and salaries rise before aggregate price levels in the economy and thus during periods of rising inflation, real wages are always increasing. However, economic history has proven over and over again that real wages actually decrease during periods of rising inflation. Nominal incomes do increase, but this is merely a response to the inflation that has already been created.
The essence of this folly is t...