Cliff Diving 101: The Race To The Bottom

Precious metals "bugs" have long predicted that the final phase of the hyperinflationary depression would be a "race to the bottom." This race is a currency race, or more correctly a war, where each nation tries to boost its domestic industries by making its exports cheaper. How does it do that? By shamelessly and radically [...]

By |2011-09-06T14:50:11-04:00September 6th, 2011|Economy|0 Comments

Keep On Shopping At ChinaMart, Folks

...because a society doesn't need to produce, it only needs to consume! Full article at link. After a weekend full of empty (or not) Chinese posturing, Marketwatch's Brent Arends has an interesting tidbit to add to the China vs US debate. "The International Monetary Fund has just dropped a bombshell, and nobody noticed. For the [...]

By |2011-04-26T12:42:28-04:00April 26th, 2011|Economy|0 Comments

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