"Banking malpractice, excessive risk taking and bonuses paid for out of taxpayer bailouts. It's little wonder that people's patience with their banks has run out. But if not the global financial giants, where you entrust your hard-earned cash? RT's Laura Smith meets one British man, who thinks, he's got the answer." Continue reading →
"Germans are making noises about wanting to audit the gold that is supposedly held for the German government by the New York Federal Reserve Bank in lower Manhattan. The Fed had been giving regular tours of the vault. The New York Fed is in evacuation Zone C in downtown Manhattan. It wasn't flooded. Zone C residents are told to expect storm-surge flooding only from major, category 3 or 4 hurricanes that hit the New York harbor. Yet, the Fed is cancelling tours of its vaults indefinitely 'due to the aftermath of Hurricane Sandy.'" Continue reading →
"I have finally had a chance to read in full the unsigned report by the European Central Bank that I mentioned earlier this week. The report is quite impressive. The report clearly states the advantages of Bitcoins versus current credit/debit cards. The anonymity feature of Bitcoin is the feature that I believe could be the driving feature behind the potential success of Bitcoin. As world governments attempt to get in the middle of more and more private transactions, more and more buyers and sellers will seek anonymity." Continue reading →
"Anyone who challenges the authority of the state (and thus the money power that stands behind it and controls it) is at risk for being labeled a terrorist. This explains why US prosecutors can label von NotHaus a terrorist. The term is merely a convenient nomenclature. It has been purposefully 'evolved' so that an extracurricular judicial system can be brought into effect. Simply by redefining definitions over time − and manufacturing events to buttress the terminology − the elites have been able to bring into being a new class of felon (the terrorist) and a new and oppressive judicial system, as well. The purpose is intimidation." Continue reading →
"As we head into the last few days of the presidential race, we ask Bill Bonner, bestselling author and founder of Agora financial what he thinks the biggest issues on the electoral agenda should be. Considering the problems facing the country took decades to form, can they be easily resolved by the casting of a vote? And what about the debt and the deficit? Both presidential candidates express some concern about the debt, but are either really going to act on those concerns in meaningful ways?" Continue reading →
"We talk to Jim Rogers, author of the book 'A Gift To My Children,' about what he thinks of the latest economic growth numbers, and his outlook for a recession after the 2012 elections. We ask our guest Jim Rogers, author and investor, about how Japan's experience fits in with forecasts of Western central bank induced inflation. We also ask him about his 2008 prediction for a 'hyper-inflationary Holocaust' and the long term implications for investors and savers. Has he been surprised by the lack of severe inflation, and the performance of the US bond market?" Continue reading →
"Currency markets have a history of rewarding countries that are free. Why is that? Freer countries have the tendency to avoid over-taxation, over-regulation and support policies that promote freedom and innovation. Freer floating currency regimes allow market forces to play a role in determining value. Market forces and (truly) democratic systems, and particularly the Swiss system of direct democracy, create feedback mechanisms to help keep the excesses of government in check." Continue reading →
"Almost 300 'concerned Netherlands citizens' have joined the German initiative for insight about the gold reserves. In a petition the citizens committee demands 'full openness on the quantity and storage location of the Netherlands' physical gold, and on the extent and nature of the gold claims.' In Germany a lot of uneasiness has risen about the quantity, value, and quality of the gold reserves, which have not been audited in many years at various storage locations. Under pressure from the German federal audit office, part of the gold stock will be repatriated from the United States to Frankfurt." Continue reading →
"He was convicted more than a year and a half ago of 'counterfeiting,' because he issued silver coins, which he called 'Liberty dollars,' and sold them at a price much lower than they would command in United States currency [today]. The case throws into sharp relief an astonishing irony — that a man who issued money that has sharply appreciated in value is facing the rest of his life in prison while the officials who issue the official Federal Reserve Notes, the value of which has in four years plunged in half, to less than a 1,750th of an ounce of gold, are walking around free." Continue reading →
"M2 money supply includes more than just currency. It also includes demand deposits, travelers checks, savings accounts, time deposits of under $100,000, and balances in retail money market mutual funds. But this doesn't mean cash isn't keeping up with the Fed's money printing. Below is a chart showing the growth of currency in circulation, since 1990." Continue reading →