Independent Economic Thinkers
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by Walter E. Williams Recently by Walter E. Williams: Ignorance, Stupidity or Connivance? <img src="http://s7.addthis.com/static/btn/lg-share-en.gif" width="125" height="16" border="0" alt="" />
Greg Hunter’s USAWatchdog.com It looks like even the mainstream media (MSM) can see a calamity if we are right on top of one. Finally, the dire debt ceiling negotiations between Congress and the White House were covered wall-to-wall on all the major media outlets yesterday. No comment better describes the frightful situation America faces over its debt problem than what Treasury Secretary Tim Geithner said yesterday on FOX , “. . . we’re running out of runway.
Greg Hunter’s USAWatchdog.com Last week, in testimony on Capitol Hill, Fed Chief Ben Bernanke said, “The pace of the economic recovery will pick up.” As far as the weak economy is concerned, Mr. Bernanke also said there would be, “a notably better performance than we have seen so far this year.”
Biography from jsmineset.com JIM SINCLAIR - Founder of Jim Sinclair’s Mine Set & CEO of Tanzanian Royalty Exploration Jim Sinclair is primarily a precious metals specialist and a commodities and foreign currency trader. He founded the Sinclair Group of Companies (1977), which offered full brokerage services in stocks, bonds, and other investment vehicles. The companies, which operated branches in New York , Kansas City, Toronto , Chicago , London and Geneva , were sold in 1983.
Shri Sathya Sai Baba In the midst of our world, the madness we discuss every day, there are great and beautiful things. One such event happened yesterday. Shri Sathya Sai Baba transitioned from body yesterday. The world is an infinitely better place since he visited here. Baba and his teachings to all faiths will be with us forever.
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Ever since the beginnings of fiat money, economies have pulsated between polar opposites: paper and tangibles. The Romans started out with pure gold and silver coins; but with the decline of their economy, they diluted the precious metal content until there was virtually no precious metals in the coins. There comes a point where it becomes painfully obvious that a society cannot function without economic discipline; meaning there must be controls on the issuance of money. The most reliable method known of today is to make all paper money backed by precious metals, or to use precious metal coins themselves for commerce.
source: jsmineset.com Jim, Armstrong sees the Gold bull market lasting until roughly 2016 (17.2 years starting in 1999).
Dear CIGAs, Little by little, I am passing on ALL that I have learned from Jesse through Bert and Bert’s knowledge to those that read here, every day, in thanks for your support of me and mine. –JEBS (James Edwin Bertram Sinclair) Assumption: Because gold is held by many central banks, once as a reserve currency but now as an inventory currency, it functions as a swing asset to balance the International Balance sheet of the US.
The bear market in the U.S. Dollar is obviously accelerating with each passing day, prices are moving up across the board as the freshly created money increasingly pours into the market for hard assets such as commodities. Indeed, at the extreme end of possibilities, most of today’s prognosticators believe in one of two potential outcomes: My research into these matters indicates that neither of these scenarios are likely, though it wouldn’t hurt to be prepared, at all times, for the first scenario, in case the system does end up coming apart. During the course of my studies I have come across a brilliant solution, which, after another 30% slide in the dollar, the U.S.
by Jim Sinclair | Jim Sinclair’s Mine Set Things are now “Out of Control.” This international financial crisis is now out of control as the world asks if the USA has two presidents, one president or no president at all. It would appear that Paulson is in financial control with Bernanke as his second. I warned you by personal email long before the statement was proven totally correct that “This is it.” That was followed by “This is it, and it is now.”