IMF

Standard & Poors cut Japan’s debt rating while Moody’s warned that the USA’s triple-A rating was at risk. The IMF had harsh words for both nations. The report is from Canada.com: “In advanced economies where fiscal sustainability has not been a market concern, credible plans going well beyond 2011 need to be put in place … Continue reading

Dennis Gartman was on CNBC yesterday explaining with his unique brand of arrogant stupidity that the trend in gold has changed (to down). Contrary to DG’s ignorance, I’ve been telling colleagues that the current period of time is strikingly similar to the period from July/Aug 2005 to May 2006, when gold staged a 35% move … Continue reading

Germany’s Prime Minister, Angela Merkel, was in the news today defining the conditions upon which Germany would provide financial assistance to Greece. Included in the list of requirements is a plan…..

In an exclusive report, Kitco has just released yet another stunner in the world of precious metals. It turns out that Eric Sprott has attempted to purchase gold from the IMF, according to information provided to Kitco by Frank Holmes, CEO of US Global Investors. “I just spoke with Eric Sprott, who bid to buy … Continue reading

I grew up in Germany, a country that went through hyperinflation twice during the 20th Century. Maybe that’s the reason I learned inflation is bad and inflationary policies are diabolic….

Things are going to continue to get darker economically. Nothing has been solved but massive currency debasement has already occurred to try to stem the tide……