Peter Schiff: Get Ready for Gold's Moonshot!
Global Meltdown Predicted
In two recent articles we explained the hows and whys of gold price manipulation. The manipulations are becoming more and more blatant. On February 6 the prices of gold and stock market futures were simultaneously manipulated.
Today the man who has been one of the most accurate in the world at calling movements in gold warned King World News that the coming collapse will be far worse than the terror that engulfed the world 5 or 6 years ago.
The former chief economist at the World Bank, Justin Yifu Lin, is advising the Chinese government that the time has come for a single global currency. Lin, who is also a professor at Peking University, says that the U.S. dollar “is the root cause of
While we are sure it is a very sad coincidence, on the day when Argentina decrees limits on the FX positions banks can hold and the Argentine Central Bank's reserves accounting is questioned publically, a massive fire - killing 9 people - has destroy
This article not only debunks the myth of Greece as an economic "success story," but shows that current trends and developments in the country make for a bleak economic future. The mindless austerity imposed on Greece by the European Commission, th
Did you see what just happened in Japan?
US (and Japanese) stocks began their dead-cat bounce around the European open tracking USDJPY (once again) and rising in reverse order of yesterday's selloff as Nikkei, Trannies, Nasdaq and so on (in order) recovered around 25-35% of yesterday's loss
Did you see what just happened in Japan? The stock market of the 3rd largest economy on the planet is imploding. On Tuesday, the Nikkei fell by more than 610 points. If that sounds like a lot, that is because it is. The largest one day stock mark
You may have heard something about this story, but I think it’s important to take a few minutes to restate the facts clearly. In the modern news environment, stories come and go so fast – and in so many parts – that it’s very easy to get lost along t
Over half a decade later and Iceland’s economy has bounced back. Questions about what to do with the unemployed – common in the U.S. – are not heard in Iceland. Iceland has managed to drop unemployment to around 4 percent, but even that
BDI is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index provides "an assessment of the price of moving the major raw materials by sea.
New loan, outlined in a German finance ministry position paper, would be worth €10bn-€20bn, says Der Spiegel magazine
The rot moves from the margins to the center, but the disease moves from the center to the margins.
The key events this week are have non-farm payrolls (consensus 181K) and unemployment rate (consensus 6.7%). There is also going to be a number of speeches given by Fed policymakers. Production surveys from the US (ISM) and other parts of the world
It's not just Japanese stocks that are in trouble. The Dow Industrials futures just lost 15,500 - the lowest level since the debt-ceiling lows mid-November and down over 1000 points from 2013's closing highs. The terrible ISM print triggerd wholesale
As we already noted earlier today in our overnight recap "Alarms Going Off As 102 Dollar-Yen Support Breached", all eyes are glued on the USDJPY 102, which moments ago decisively breached the 102 support level. We said that "if support below the USDJ
Following today's crash in the US Manufacturing ISM, we now have the following snapshot of global manufacturing: only three countries are currently in contraction (sub 50 PMI) mode: Australia, Russia and France. Look for many more to join them if tod
Stock Market or Treasuries or Precious Metals or...
$ from the stock market to US Treasuries, (paying back maybe a 3rd of what inflation is stealing every year, very low estimate IMNSHO),... Who/What makes these moves for any period of time? Time Now to start making big decisions... Not Later
"The collapse won't happen all at once... But, it will happen Overnight"
We just got a so-so reading from South Korea's manufacturing sector, and Asian markets are continuing their early Monday declines.
IT'S PMI DAY.
Last summer, MacLeod founded a new international effort to put this standard in place. His new initiative — Wagemark — has already begun certifying those enterprises that pay “competitive, responsible and sustainable wages.” To gain Wagemark certi
WHEN the euro crisis was at its height it became commonplace for struggling European economies to insist that they were not outliers like Greece. Whatever their woes, they declared, Greece’s were in a class of their own. In Latin America, by contrast
Argentina appears powerless in the face of the hemorrhage of the peso, as the central bank reported Thursday it had burned through $2.1 billion in reserves in January alone. The government is struggling to beat back a mounting rush
I don’t know how much more clear I can be: this is happening. This is exactly what bankrupt governments do. And it’s time to give serious, serious consideration to shipping your retirement funds overseas before they take yours.
Bankers committing suicide by jumping from the rooftops of their own banks is something that we think of when we think of the Great Depression.