KeyNews

"The backdraft blows both ways. But repeated attempts to wean the world away from gold only served to send its price higher..."

Deprecated and reduced as a financial asset, gold is fast-gaining new buyers yet remains under-invested compared to previous crises...

Whether inflation or deflation strikes, a growing number of people are fast buying gold for defence...

The broad sweep in housing-gold ratios is just as broad and as sweeping as both gold bulls and bears might hope

"Top to bottom in the 1970s, house prices measured in gold lost four-fifths of their value all told..."

"U can't touch $1,000 says the Hammer. But everyone's got their deal price..."

"INVESTORS

A draft of this week's open lett

Quotable

[Currencies] “don't spring up spontaneously just because the Chinese cent

Quotable

“The forthcoming Group of 20 meeting is a make-or-break event. Unless it com

"Gold and the Euro just hooked up together again. But for how long depends on central-bank policy..."

SO

"Germany in 1944 could buy materials during the war only with gold. Fiat money in extremis is accepted by nobody..."

"Deus does not exist.

"But if he does, He lives above me,

"In the fattest largest c

"Any house bought for 'No Money Down' should become a no money home, a free gift to the debtor. How's

Key News

Key News

The Long-Run Value of Gold, Part I

Key News

Key News

• The U.S. economy lost 598,000 jobs in January, as the jobless rate rose to

The Real Long-Run Value of Gold, Part I

Key News

Key News

• Germ

Key News

Private bank stockholders aren't so much being crowded out as thrown out the w

A LITTLE theatre of the absurd guest-starring Zimbabwe's chief central banker, Gideon Gono, whose signature now adorns the

"Saving the savers is not the priority...This is surely the time to encourage people to spend, spend, spend..."
- Editoria

'Unorthodox situation requires unorthodox response'

The above remark was made by Fed Chairman Ben Bernanke recently as a comm

"This coming May will mark 10 years since Gordon Brown's infamous gold sales..."

Key News

- WHAT on earth...?

- Sorry, if you could just keep turned to the wall...

- But what in the hell is tha

Key News

• The governor of the Bank of Spain on Sunday issued a bleak assessment of the economic cri

2008 has indeed been an extraordinary year, with the most severe financial crisis since the Depression in the 1930s. The concept of a pure invest

"...Yes, the numbers of rough. But people choose gold when paper collapses in value..."

RUNNING

Key News

Key News

• Bri

Key News

Key News

"Bread, cash, dosh, dough, loot, lucre, moolah, readies, the wherewithal...It's amazing what a tenured professor can earn th

Key News

Key News

"...The ideal hedge-fund manager was only just out of college when the Asian Crisis

"There are more tears shed over answered prayers than over unanswered prayers..."

Teresa of Ávila, pat

Key News

• Skippy on

"...Seven-hundred billion here, $560 billion there, and pretty soon you're talking deposit-bank warfare in the battle to recapital

We should have known. It seems to happen each time we are near some type of extreme in sentiment-we receive very strident email telling us we are

"...The dangerous market has been and gone. Only the danger of government meddling remains..."

WE LOVE THI

The reality of the situation is that an open, competitive, and liberalized financial market can effectively allocate scarce resources in a manner

"...Monetize labor, monetize stocks, monetize the farmers, monetize real estate..."

DAMNED IF THEY DO

"...So today we're back where we started, with a collapse in retail investments (then stocks, now housing) and the collapse of the v

"...Inflation in prices and deflation in assets turns the Long Boom of the last 25 years on its head..."

A

"...Ten years here, a decade there, and pretty soon you're losing real wealth hand over fist..."

WHAT

"...Turn up the gloom! Investors will do well merely to preserve wealth from here..."

IT'S HARD TO BE

"...The true cost of beating inflation vs. the cost of letting it run..."

"AT THE SURFACE LEVEL"

"...Take a gun-boat and 1,200 tonnes of opium, and America could close its trade gap with China tomorrow..."

"The moment we face it frankly we are driven to the conclusion that the community has a right to put a price on the right to live in it.

"...Apparent defender of US cash savers since the Great Depression, the FDIC wants to see $50bn pumped into the very worst mortgages iss

"...Might the scam work? Can the United States really settle its debt with devalued dollars, free of all historical fall-out...?&qu

"...Dark secrets known only to top-level officials; the public good trumping public disclosure; urgent action needed to avert disaster -

"...The growing call for pan-global government intervention might just throw up a 'Reverse Plaza' sometime soon in the future

"...We need a continuing message from tax-payers and savers that they will do what it takes to support economic growth..."

"A dead, defunct currency says the world's money supply is about to unleash an awful inflation..."

"...Every morning, when you look in the mirror, I want you to think 'What am I going to do today to increase the money supply?'

"...If Bernanke was expecting a 13% rise on Wall Street, he's got a 45% rise in gold instead - plus a real disaster in US Treasury b

"...Subprime losses already outweigh the Great Depression. Time somebody did something, right...?"

IN 1984

"Living in a credit era, we cannot go back to a currency era without massive upheavals..." - Robert L.Smitley, Popular Fi

"The one sure way to prolong a depression is to resist it..."
-- Walter Lippmann, Sept. 1931

"...Want a racing certainty for the coming year? Central banks everywhere will either cut or hold interest rates, making t

Monday 31 December 2007

Key News

Monday 17 December 2007

Key News

• Four out of five

"...What a difference lies between .org and .com on a website address..."

HOPE NOW is a British-b

Friday 7 September 2007 EST

Key News

"...So George W. Bush is going to nationalize the US housing market. If that sounds dramatic, then just watch what happens to gold...

Friday 31 August 2007 6:00 a.m. EDT

Key News

• High-yielding currencies came back into favour and the yen fell on Fri

"To lend a great deal, and yet not give the public confidence...is the worst of all policies."

- Walter Bagehot

"There are more tears shed over answered prayers than over unanswered prayers..."

- Teresa of Ávila, pat

"...How much intangible debt now needs to be squeezed into how much real money...?"

IS THIS WHAT

Thursday 12 April 2007

Key News

• The National Association of Realtors, which has long proclaimed that U.S. home pric

Key News

• The U.S. may file a complai

Friday 10 February 2006 6:00 AM EST

Key News

• Fast

Friday 16 December 2005 6:00 AM EST

Key News

Let's start today's issue with a "golden question":

Imagine that you were put in a time machine and were launched from now to 100,

In my article Blood, Sweat, and Tears on October 28, pondering the fact that the "German e

Near the end of Mark Twain's Huckleberry Finn, Huck talks about leaving the Widow, to set out bravely on his own, "for the territory ahe

If you say the title in French, it sort of rhymes - Creator of Misfortunes. Unfortunately that about ends the linguistic and fun part of this pie

Key News

• While Beijing has spent two years battling to rein in the mainland's runaway economy,

Dear Friends:

One of the first things you learn about analyzing a company is how to dissect a balance sheet. What assets and liabili

This analysis seeks to update the UK Recession Watch (Feb 09) that forecast a rec

Choose your poison: the trickle of excess cash or the trickle of excess bond redemptions...

NOT FOR THE f

It is becoming painfully obvious that the Fed, Treasury, and Administration's disastrous recovery plan hinges on the devaluation of the U.S

By Jeff Clark, Editor, BIG GOLD

False Confidence

"Socialism is the philosophy of failure, the creed of ignorance and the gospel of envy," said Winston Churchill. Although it inevitab

We live in extraordinary times. Poised between the past and the future, never has the present been so uncertain. But, when certainty comes, it

While economists and real estate investors "celebrate" the slight deceleration in the pace of home price declines in the recent data,

Nearly everyone I talk with has the sense that we are at some critical point in our economic and national paths, not just in the US but in the

By David Galland, Managing Editor,

• Can I Have Some More of that Data, Please?
• The Fault, Dear Brutus, is Not in Our Stars

America is more than a country; it is the ideal of liberty. In economic terms, liberty translates into the entrepreneurial spirit of hard work,

Strike up the band, boys, happy days are here again! Recently released short-term economic data, including unemployment claims, non-farm payrol

Late last week a letter from Jim Welsh crossed my desk. I started reading and found myself being pulled through his very thoughtful letter. I h

Last week, when the U.S. Treasury unveiled the basics of their lender "stress tests", the Fed concluded that "most U.S. banking

Our title is borrowed from a caption of the Chicago economist and monetary scientist Melchior Palyi (1892-1970) writing on the fiscal and monet

• MV=PQ
• Financial Innovation: The Round Trip
• 2010-11: Back to the

On April 20th, Bank of America announced a first quarter surge in earnings to $

There is a reason I call this column Outside the Box. I try to get material that forces us to think outside our normal comfort zones and challe

• Dressing Like an Economist
• Thoughts on the Continuing Crisis
• The

In a speech this week summarizing his administration's economic policies, President Obama grossly overstated the support these policies enj

Rightly, the students of Austrian Economics have laid the blame for the current economic crisis squarely on the doorstep of the Keynesian polic

Grand and glorious global housing bubble came to an end not because it had caused so much money to be borrowed. It came to an end because

This week we will look at two shorter essays for this edition of Outside the Box. The first is some thoughtful words by Tom Au on whether or no

Further evidences of the onset of Great Depression II

In my previous pap

It's been 21 months since two Bear Stearns hedge funds defaulted setting off a series of events which have led to the gr

• Is That Recovery We See?
• Those Wild and Crazy Analysts
• The Shado

In March, I started reading a new rush of positive news headlines about U.S. real estate.  According to the U.S. Census Bureau, new home sal

Last week's gathering in London of the leaders of the 20 foremost economic countries in the world had been billed as the most important glo

• What About the Original Dow 30 Stocks?
• Adding and Subtracting Value
• The Original Dow 30 Components
• A

This week, the leaders and finance ministers of the 20 most economically important nations, or G-20, will convene in London to develop coordina

Why Obama’s Stimulus Package Is Doomed to Failure

Paper mill on the Potomac

The paper mill on

• Why Bother With Bonds?
• So Then, Bonds for the Long Run?
• P/E Rati

Timothy Geithner refuses to take underwater banks into receivership and resolve them, but has no pro

The Federal Reserve shocked the markets this week by taking new dramatic actions to end the recession.  They announced they'll be buyi

By the editors of Casey Research

With a series of coordinated pronouncements and media events, the Obama Administration has recently been trying to send a signal to investors.

What happens when inflation once again returns. As this week's Outside the Box writer, James Montier, writes, we may want to start think

Helicopter Ben Bernanke has earned the new moniker of Banana Ben. He has earned the new name because of his desire to make the United States re

There is one thing that must be kept in the forefront of our minds while the madness of a gold rush is taking place. That thing is the fact th

• Solving the Housing Crisis
• Housing Could Drop Another 20% in Pricing

On Wednesday, March 18, another handsome gift was delivered by the Fed to the bond bulls. It was the announcement that the Open Market Committe

Last weekend, Ben Bernanke took an unprecedented gamble for a sitting Fed Chairman: he granted a long-form interview to 60 Minutes, America&#39

Global Research , March 17, 2009

This week I am really delighted to be able to give you a condensed version of Gary Shilling's latest INSIGHT newsletter for your Outside th

This week's writer of the Outside the Box is no stranger to long time readers. Michael Lewitt writes the HCM Market Letter and is one of my

We learned on February 27^th of the Treasury’s plan to convert up to $25 billion of their $45 billion preferred Citigroup share

“Thank Heaven for little Keynesian Nobel laureates… without them what would little Keynesian Treasury secretaries do?...”

Economic Shock and Awe as Interest Rates are cut to 0.5% coupled with £75 Billion conjured out of thin air by Mervyn King Waving his "

In my article Growth and Debt: Is There a Trade-off? I have

When President Obama took over the reins of government just six weeks ago, he stood at a historic crossroads. His decision on which route to ta

In summary, the following analysis/argument concludes that Depression is a far more likely outcome than Hyperinflation.

The mathem

It’s time to root for the home team. The current game has become too lop-sided. The crowd has been rooting for the other side for a long

Source: The Gold Report   03/03/2009

Interview with John Bellamy Foster 

MW: The financial crisis is quickly turning into a political crisis. Already governments in

After the 1929 October 24, 28 and 29 market crash, the weekly entertainment industry magazine Variety (on October 30) published its most famous

President Barack Obama showed a great deal of gumption in standing before Congress last night delivering his first speech to the joint assembly

Two things happened in the 1960s. Most importantly, that decade ended. Second, consumers and investors began learning to not be fooled by gov

Bullion and oil appear in the lineup of power players that Doug Casey thinks investors can count on as the world slips deeper and deeper in

Everyone has been guilty, at one time or another, of ignoring a cold. Though you knew you were sick, you may have kept working hard, playing ha

his analysis seeks to update the forecast of 20th January 2009 f

In contrast with a depression, a recession is relatively easy to bring to an end. The genesis of a recession is caused by excessive credit crea

Global Research , February 22, 2009

The more they do, the worse it gets

Modern economies were created by the collusion of bankers and government. The banks are now collapsing and only the governm

• The Risk in Europe
• While Rome Burns
• The Euro Back to Parity? Rea

By David Galland Managing Editor,

Dear Friends:

As a boy with a slingshot, killing two birds with one stone meant I was either the best shot in the land or the lucki

Exit Paulson, enter Geithner with the latest "no banker left behind plan" - aka whatever Wall Street wants, Wall Street gets. Yet, th

Suppose we had two horses, and both are required to pull our carriage. Our budget only permitted the purchase of two daily servings of oa

• World Trade Is Falling Off a Cliff
• European Bank Losses Dwarf Those in the US

Global economies are withering while Washington conceives "Financial Recovery Plan(s) from Hell," according to economist Michael Huds

The Big Fix

The Obama administration apparently believes in a trade-off between growth and debt. It wants to stimula

In their annual forecast edition, the editors of

One of my most significant learning experiences came from a basic forecasting mistake. Back in 1998, I looked at 40 years of documented

In a sign that may reveal much about the current deal-making environment in Washington, House speaker Nancy Pelosi has outmaneuvered the Obama

“It” is shortages of critical commodities, a worrisome example of which is the raw materials used to prepare pharmaceutical drugs.

Contrary to what you might believe, the Great Depression of the 1930s was not a decade-long era of economic decline. Rather, the Great

What’s in a Depression?

Is the USA in a Depression yet? It’s a question that a lot of us are asking cur

Last week was exciting as the broad market dipped back down to test Hogan’s Bottom again. The market found support and posted a nice two

Mass protests in Iceland culminated in almost 2% of the population standing outside the Althingi parliament building on January 24, demanding

The Bank of England fired the fifth shot in its series of panic interest rate cuts that have taken the base interest down from 5% in October 2

This week, seven major corporations announced major layoffs, adding 72,000 to the unemployed. At the same time, lending by the big banks fell

This Friday’s release on nonfarm payrolls will shine a burning light on our nation’s need to promote growth and create new jobs. Af

Competing Ideologies: Davos v. Belem 

Global Research , Fe

Last week the U.S. Congress did us all a favor. $Gold rose by about $40 due to their efforts. What did they do? Well, the U.S. Congress v

Finally something that we can all get behind: Don’t pay your bills. It’s not my idea, although it has appeal. It’s the Fed&rs

A lifetime is not long. It is long enough, however, to lead one to believe that life is far different than it really is.

This week I bring you two different articles as an offering for Outside the Box. As a way to introduce the first, let me give you the quote fro

The present economic situation has the Democrats and their media allies invoking the Great Depression has a dire warning of what could happen

The purpose of this high level analysis goes beyond an attempt to explain why an economic depression is virtually inevitable. It seeks also to

The inimitable Dennis Gartman, who has been publishing his popular commentary since 1987, took a break from one of his busy days to chat wi

During the end of the 1970’s into the 1980’s British Conservative Prime Minister Margaret Thatcher and the City of London finan

In the first of a series of articles, which could easily become the-rest-of-my-life's work, I will be examining high-profile lawsuits and