By Simon Black, Sovereign Man On Friday March 15, 2013–just over three years ago–people across the entire nation of Cyprus went to bed believing that everything was OK. The next morning they woke up to a different reality. It turned out that their banking system was totally broke. After suffering enormous losses, banks no longer had sufficient … Continue reading
By Justin Spittler, Casey Research Could the government start handing out free cash? It sounds crazy. But believe it or not, it’s a real possibility. In fact, an Ivy league economist just predicted it will happen within five years… The Federal Reserve has used crazy monetary policies to “stimulate” the economy since the 2008 financial crisis. These … Continue reading
By Phoenix Capital Research For six years, the world has operated under a complete delusion that Central Banks somehow fixed the 2008 Crisis All of the arguments claiming this defied common sense. A 5th grader would tell you that you cannot solve a debt problem by issuing more debt. If the below chart was a problem … Continue reading
By Michael Snyder When panic and fear dominate financial markets, gold and silver both tend to rapidly rise in price. We witnessed this during the last financial crisis, and it is starting to happen again. Because I am the publisher of a website called The Economic Collapse Blog, I am often asked about gold and … Continue reading
By Simon Black, Sovereign Man If you haven’t seen the 2015 Best Picture nominee, The Big Short, I strongly recommend it. The Big Short is based on Michael Lewis’ book which examines how such an extraordinary financial crisis gripped the world in 2008, and the handful of people who saw it coming. The movie opens asking a … Continue reading
By Doug Casey, Casey Research Regular readers know why I believe the gold price is poised to move from its current level of $1,250 per ounce to $1,500…$2,000…and eventually past $3,000. Right now, we are exiting the eye of the giant financial hurricane that we entered in 2007, and we’re going into its trailing edge. It’s … Continue reading
By Simon Black, Sovereign Man Last year, amid all the madness in financial markets, financial historian and strategist Russell Napier joked about creating a “European high-yield capital guarantee fund.” His “high-yield” fund was nothing more than a secure room filled with physical cash, and a guy standing outside with a gun to guard it. As jokes tend … Continue reading
By Charles Hugh Smith The “unsinkable” global financial system is rushing headlong toward its encounter with the iceberg. Why did the Titanic sink, despite being considered unsinkable? The conventional answer is the design of its watertight compartments was flawed: the watertight bulkheads were limited in height to a few feet above the waterline. The ship was … Continue reading
By Michael Snyder Exports fell precipitously during the last two recessions, and now it is happening again. So how in the world can anyone make the claim that the U.S. economy is in good shape? On my website I have been repeatedly pointing out the parallels between the last two major economic downturns and the … Continue reading
By Jeffrey P. Snider, Alhambra Investment Partners The Central Bank of Egypt auctioned $200 million at 8.85 per Egyptian pound rather than the prevailing 7.73. The inflationary move of devaluation is intended to help the country gain a more solid financial background due to a persisting “dollar shortage” that nobody seems to hold in much curiosity. … Continue reading