Independent Economic Thinkers
by Walter E. Williams Recently by Walter E. Williams: Ignorance, Stupidity or Connivance? People are beginning to compare Barack Obama's administration to the failed administration of Jimmy Carter, but a better comparison is to the Roosevelt administration of the 1930s and '40s. Ominous Parallels by Walter E. Williams
Debt Ceiling Default Closing In 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.
True Inflation Rate 2011 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.”
Jim Sinclair 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. In The News Today : Welcome To Jim Sinclair's MineSet
Trader Dan's Market Views In looking at the following chart, it is not difficult to see that gold has run into a area of resistance near the $1320 level. Gold did a bit of a bid as some money exiting equities found a home in the yellow metal but many traders continue to use rallies as opportunities to sell out of existing long positions or establish new shorts. Adding to the general lack of enthusiasm for gold at this time is the lackluster performance of the mining shares which continue to act as an anchor on any upward movement of the yellow metal. Looking forward into next week, if gold is going to generate some more excitement, it is going to have to break through this week's high and convincingly clear the $1340 level. If it can do so, you will see some hedge fund short covering.
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Jim Sinclair’s Commentary Donald Rosen of the Rosen Market Timing Letter has shared his latest issue with us. In the year 2014 a golden bridge over the troubled waters is an absolute necessity. Click here to view the full report…
The Wormhole at the “Process Event Horizon” 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. We are in the final phases of the paper-promise-based economy; the point at which perceptions can no-longer be papered over to continue this fiat game.
source: jsmineset.com Jim, Armstrong sees the Gold bull market lasting until roughly 2016 (17.2 years starting in 1999). Latest From Jim Sinclair on the Federal Reserve Gold Certificate
The Mathematics Of Gold | JSMineset 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. The Role of Gold in the Future of the Global Economy | My Strang
What MUST Be Done To Avoid Financial Destruction | My Strange Mi 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.
With that decision behind them, the measure sailed through the House with no suspense and little dissent — fueled additionally by lawmakers' desire to avoid an election-year replay of last fall's widely unpopular 16-day federal shutdown. It's all about the election. Always has been. The $1.1 trillion budget merely kicks the can of economic reality down the road a little longer. Still, many including the Fed recognize something is wrong. But who wants to rock the boat? Eric De Groot