One may place great “currency” in a discussion written more than a dozen years ago: A large oil producer, with plenty of reserves and unused capacity, can say: We now value gold at $10, $20 or $30,000/oz.. That is the rate we will use to sell oil. We will go to “full” production and offer at $10.00us/bl. [...]

The Rothschild Spring taking place in the MENA (Middle East, North Africa) region is all about the false promise of democratic socialism: economic justice through the redistribution of wealth. But if the ecstatic ”rebels” shaking their rifles above their heads think the real wealth is being shifted to them, they should take America’s lesson about “something for [...]

Our conversations with people in the industry and our own experience makes us confident that this is a paper driven sell off drive primarily by speculative, leverage interests on Wall Street. Bullion dealers and banks have not changed their long term outlook for gold and are ignoring the considerable “noise” and bubble chatter on Twitter [...]

Along with all the other enticements to the encroaching entitlement class that big government interventionism will try to buy votes with, comes this ass-backwards approach to “asset bubble contraction relief”. They and their banking allies create the bubble and expand the debt, then come in with another “special refinancing deal“. Now the point is, the American consumer class [...]

As sovereign debt collapses, sovereign collateral calls begin. Silly taders. See how currencies are nothing more than debt-based derivatives of “asset”? Your so called “financial derivatives market” is nothing more than debt-currency derivative insurance, backed by more derivative debt. If that situation wasn’t so tragic, it’d be the comedy routine of all time. Another very significant [...]

ALMATY, Kazakhstan – The National Bank of Kazakhstan said today it will exercise its right to buy all locally produced gold to replenish its reserves, a move expected to reduce the mineral-rich Central Asian country’s gold exports. As the Venezuela’s and Kazakhstan’s of the world reposition their reserves, we shall see debt begin it’s parabolic descent. [...]

It doesn’t seem like 4 months ago that we finally commented on the ongoing Libyan “conflict”. You know, the one where the NATO freeedom fighters fly in to attack a sovereign in the hopes that the intent of the mysterious “rebel forces” coincides with the poor, democracy-starved people being “oppressed” by the brutal Qa-daffy? It’s another [...]