"Sue Shortton: Shortodile Golddee, give him your short positions. Shortodile Golddee: What for? Sue Shortton: He's got backwardation. Shortodile Golddee: [chuckling] That's not backwardation. [draws a oil chart] That's backwardation." Continue reading →
"Here is the most recent chart from the Federal Reserve Bank of St. Louis. This is the adjusted monetary base over the past 12 months. This reflects the monetary policy of the Federal Reserve. The Federal Reserve is in control of the monetary base. Perhaps we should look at the longer-range policy. Do you see any change since 2009? The MarketWatch writer draws a conclusion from this 'tightening.' He writes: 'The Fed’s tightening is primarily to prevent a full-blown asset bubble. Its burst could bring another financial crisis.' But if the FED is not tightening, what happens to the asset bubble?" Continue reading →
"Kitco News catches up with Doug Casey to talk about gold, the Fed, inflation and the future of the US. 'Gold is a way you save, it is a way to put capital aside for further use,' said Casey. He is glad gold prices are down and will continue to buy the metal. Casey also talks about the importance of diversifying assets internationally and talks about his book 'Totally Incorrect.' Watch now to hear his thoughts on the markets and precious metals." Continue reading →
"In this exclusive interview, Marc Faber answers questions from our readers about the gold and silver markets and his outlook on the economy. Marc Faber is a leading investment advisor and director of Marc Faber Ltd. He is known notably for his monthly investment newsletter, 'The Gloom Boom & Doom Report', which highlights unusual investment opportunities. He is also an author of several books, including Amazon.com best seller Tomorrow's Gold, and a regular contributor of leading financial publications worldwide. A regular speaker at various investment seminars, Dr. Faber is well known for his 'contrarian' investment approach." Continue reading →
"New Hampshire on Tuesday became the 19th state to legalize the use of marijuana for medical purposes. 'This legislation is long overdue and comes as a relief to the many seriously ill patients throughout New Hampshire who will benefit from safe access to medical marijuana,' said Matt Simon, a New Hampshire-based legislative analyst for the Marijuana Policy Project. The Republican-led New Hampshire legislature approved a similar medical marijuana bill last year, but it was vetoed by Democratic Gov. John Lynch. The governor claimed the proposed law would be abused by those who didn’t really need the drug." Continue reading →
"10. Cleveland, Ohio; 9. Baltimore, Md.; 8. New Haven, Conn.; 7. Birmingham, Ala.; 6. Stockton, Calif.; 5. Memphis, Tenn.; 4. St. Louis, Mo.; 3. Oakland, Calif.; 2. Detroit, Mich.; 1. Flint, Mich." Continue reading →
"The heads of the Senate Intelligence Committee on Tuesday voiced their opposition to a proposal that would defund some of the National Security Agency’s domestic surveillance programs. 'The FISA business records program has contributed to disrupting numerous terrorist attacks against our nation. It has been reviewed and authorized by all three branches of government and is subject to strict controls,' Senate Intelligence Committee Chairman Dianne Feinstein (D-CA) and Vice Chairman Saxby Chambliss (R-GA) said in a joint statement." Continue reading →
"At the root of the problem is the incentive system that elected officials used to face. For decades, across the US, local leaders ran up tabs for future taxpayers; they promised pensions and other benefits for public employees that have strong legal protection. That has been a great source of patronage for elected officials: they can promise all sorts of future perks to loyal supporters with very little accountability on the delivery of those promises.[...] Leaders across the country cannot continue as they have. They must choose sides because there is simply not enough money to go around. Will they side with taxpayers, unions or the municipal bondholders?" Continue reading →
"Reports are beginning to surface about a connection between the reporter Michael Hastings and a mysterious cybersecurity firm known as Endgame. Hastings has been linked to Barrett Brown, who the government alleges is the leader of the hacker group Anonymous. Does the mysterious Endgame have any role in the ending of Hastings' game? But, keep in mind that there is no direct public evidence that Hastings was even murdered. That may be, though, only because evidence is being destroyed. Hastings' body was cremated, even though this was not the desire of the family." Continue reading →
"An eyewitness to the Michael Hastings crash tells all to Infowars reporter Gigi Ernetta." Continue reading →