Friday, September 30th, 2016 MST

Category: Economic Crisis

Red and Blue and Broke All Over

Although the title, Red and Blue and Broke All Over, suggests that the book is another expose of America’s dire financial state of affairs, that is not the case. Red and Blue inextricably links our prosperity to our liberties and warns that if “solutions” to our existing financial woes and the “War on Terrorism” put still more controls on us, our prosperity will decline as our liberties vanish.

Romney promises to feed the gold bull

A while back I caught a Peter Schiff interview on one of the mainstream financial channels where he was recommending gold. The interviewer commented that for every investment thesis there existed a scenario in which the thesis would fail. He asked, what was that scenario for gold? Mr. Schiff replied that it would require massive spending cuts out of Washington DC and a balanced budget.

There is no free market in gold

Anyone who has been paying attention to the precious metals world over the last couple of years is well aware of the circumstantial evidence of price manipulation. None of which is particularly surprising, as all the way up through the gold pool of the late 1960s, it has been the open policy of the US and UK governments to control the dollar price of gold.

QE, or not QE, that is the question

There’s so much confusion in the short term markets regarding QE and its ilk, that it’s easy to get whipsawed into oblivion – or at least complete frustration. You must maintain a steady fix on the big picture. Regardless of what the mainstream media experts would have you believe, none of the problems of the last four or forty years have been solved. In fact all of them are now worse.

The fiat dollar and the de-industrialization of America

I highly encourage you to read the latest interview with Hugo Salinas Price.  Mr Price is a retired billionaire who made his fortune via a chain of appliance stores in Mexico.  He is also a tireless advocate of sound money.  His plan to reintroduce silver as a competing currency in Mexico would make it the most sought after money in the world bar none. It is well worth your time to understand the details of how he proposes to do this. 

Buy the dips; it’s a long-term bull market

Despite recents price declines, gold and silver remain in long-term bull markets. The primary driver of prices is the expansive monetary policy of the US since President Nixon closed the gold window in 1971. Having absolutely no links to gold enabled the Fed to create trillions of dollars in the wake of the panic of 2008. Massive monetary inflation is followed by massive price inflation.

More BS from the BLS

In 1954, Darrell Huff wrote his classic book How to Lie with Statistics, which covered many popular ways people use and abuse statistics to make them say anything they want.  Well, it appears that our good friends at the Bureau of Labor Statistics (BLS) are no stranger to these techniques.  Last Friday they released their

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