...it's just my job, five days a week. And I think it's gonna be a long, long time 'til touchdown brings me 'round again to find I'm not the man they think I am at all Oh, no no no I'm a Rocketman Rocketman! Burnin' out his fuse up here alone. http://www.youtube.com/watch?v=-LX7WrHCaUA&feature=player_embedded
And, like everything in Texas, they do it BIG: From Bloomberg: The University of Texas Investment Management Co., the second-largest U.S. academic endowment, took delivery of almost $1 billion in gold bullion and is storing the bars in a New York vault, according to the fund’s board. The decision to turn the fund’s investment into [...]
Props: link.
Full Disclosure: I own stock in this company (PAAS). This is not investment advice, and I am not a financial professional. You should consult a licensed investment professional before investing any money in anything. Bloomberg reports: Pan American Silver Shifts Assets to Canadian Dollars Pan American Silver Corp., the world’s fourth-largest silver producer, said it’s [...]
What happens when the central bank spews forth vast sums of brand new money? Just what they wanted: prices start to rise. The problem is, there's no way for them to precisely guide where the new money goes, so prices for everything start to rise. Everything, of course, includes food and energy. Now, it is [...]
This just in from CNN: NEW YORK (CNNMoney) -- The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world's reserve currency. SDRs represent potential claims on the currencies of IMF members. They were created by the IMF in 1969 and can be converted into whatever currency a [...]
Those of us who are deep cover gold bugs have been predicting the ultimate collapse of the current paper money regime for quite some time. Why? It's really shockingly simple: humans are humans, and are imperfect and subject to temptation. The temptations of solving income and debt problems by printing money are just too great [...]
Perhaps ever fearful that the world is on the verge of realizing that, not only can it live without central bankers, but that central banks are destructive of liberty and should be consigned to the dustbin of history, Kansas City Federal Reserve President Thomas Hoenig made this shocking statement on Wednesday: "The gold standard is [...]
...the end of the beginning. Reuters has just reported that Paul Volcker is leaving his post as head of the President's Economic Recovery Advisory Board. It has always been my opinion that Volcker was asked to lend his street cred to the Fed's reinflation efforts. His reputation as the inflation fighter who broke the back [...]
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Blythe Masters....call your office. It's very important to understand the natural and ever-present friction (war?) between real money and monopoly money, and how that friction impacts your life and your ability to earn a living, support yourself and your family, and, in so doing, find an expression for your liberty. If the economy in which [...]
Blythe Masters...call your office. I have so enjoyed watching this story unfold. Remember this piece? A certain commodity market analyst named Ted Butler has been writing about commodity manipulation for decades. He found that a few large banks held short positions (had sold promises to deliver) silver on the COMEX equal to hundreds of millions [...]
