Bill Bonner: Fed’s policies are bringing poverty

"The Panic of 1907, before all these 'protections' were put in place, was over in 3 months...followed by full employment. The Crash of 1921 took longer - about 18 months - but when it was over anyone who wanted a job could find one. But now, we've been in the Great Correction for 5 years. Millions of people have given up; they're no longer even looking for work. And suicide has replaced car accidents as the number one threat to working-age Americans. You want to reduce the rate of suicide? Eliminate the barriers to saving, capital formation and employment." Continue reading

Continue ReadingBill Bonner: Fed’s policies are bringing poverty

David Galland: Three Reasons the Case for Gold Remains Intact

"While it's nice to see gold bounce off recent lows and stage a rally of late, short-term price action is of little personal concern as I don't trade the physical metals: I own them as a long-term insurance against further currency depreciation. In that regard, however, it's worth periodically pondering whether the base case for holding gold – or any asset, for that matter – remains intact. Here are three quick observations on why I think the gold bull is still well intact." Continue reading

Continue ReadingDavid Galland: Three Reasons the Case for Gold Remains Intact