Category Archives: Economic

Published on Sovereign Man: Internationalization, Offshore Business, Global Opportunities, Self-Sufficiency and Freedom // visit site July 29, 2013 Kiev, Ukraine Here’s a question– if you’re in the Land of the Free, do you think those green pieces of paper in your wallet are dollars? They’re not. A US dollar was defined by the Coinage Act of 1792 as 416 grains of standard silver. No, those green pieces of paper are Federal Reserve notes. “Notes” in this case meaning liabilities to the central bank of the United States. That makes you, me, and anyone else holding those green pieces of paper … Continue reading →

Published on The American Dream // visit site Is the paper gold scam about to be brutally crushed by a crippling shortage of physical gold? If so, what will that do to global financial markets? According to the Reserve Bank of India, “the traded amount of ‘paper linked to gold’ exceeds by far the actual supply of physical gold: the volume on the London Bullion Market Association (LBMA) OTC market and the major Futures and Options Exchanges was OVER 92 TIMES that of the underlying Physical Market.” In other words, there is a massive amount of paper out there, but very little actual physical … Continue reading →

Published on OfTwoMinds blog, The individual with complete control of all his assets is the only truly wealthy person in a kleptocracy. Correspondent Jeff W. recently posed a deeply insightful question: are we investing or are we really just trying to dodge thieves? This question slices right through the carefully cultivated illusion of trust and prosperity and plunges straight into the heart of our cartel-state financial system. Here are Jeff’s initial thoughts on the question: “As we try to preserve capital and earn a return on it, are we investing today or are we really just trying to dodge thieves?First of … Continue reading →

Published on Zero Hedge // visit site Follow ZeroHedge in Real-Time on FinancialJuice This fall, the US government might go the very same way as Detroit and end up filing for chapter-11 help. In other words, it will end up asking itself to bail itself out. Now, isn’t that a neat little trick, a piece of magic we would all like to be able to do? Bailing myself out? Heck, I’d do it even if I weren’t in debt. Wouldn’t you? So, is it possible for the US to go bankrupt? Countries go bankrupt every day around the world, legally declared financially insolvent, totally depleted and … Continue reading →

Published on InvestmentWatch // visit site by Charles Hugh-Smith Purchasing power and exposure to real costs are more realistic measures of inflation than the consumer price index. That the official rate of inflation doesn’t reflect reality is easily intuited by anyone paying college tuition and healthcare out of pocket. The debate over the accuracy of the official consumer price index (CPI) and personal consumption expenditures (PCE–the so-called core rate of inflation) has raged for years, with no resolution in sight. The CPI calculates inflation based on the prices of a basket of goods and services that are adjusted by hedonics, i.e. … Continue reading →