U.S. Dollar: “Reserve” to “Laughing Stock” Currency in Less Than One Century

“The U.S. Treasury Secretary, Jacob J. Lew, wrote a letter to Congress this week stating the U.S. government will hit the debt ceiling by October. He wrote, “…Congress should act as soon as possible to protect America’s good credit by extending normal borrowing authority well before any risk of default becomes imminent.” (Source: U.S. Department […]

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The Frightening “Stairway To Hell” Gold & Silver Are Climbing

“To follow up on yesterday’s viral interview with King World News, today top Citi analyst Tom Fitzpatrick sent KWN 4 amazing gold, silver, and debt charts which helped to illustrate the massive 150% surge he is predicting for gold, and the enormous up-move in silver he has called for as well.”   Continue reading on […]

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As Syria distracts, here’s what else is happening while no one is looking…

“As everyone is now completely distracted with the looming prospect of yet another illegal war to be waged by the 2009 Nobel Peace Prize recipient, let’s look at a few other things going on while no one is looking.”   Continue reading on sovereignman.com

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Economic Darwinism and the Next Financial Crisis

“Correspondent Brenton Smith (no relation) recently identified a key driver of the next financial crisis: Economic Darwinism. Just as natural selection selects for traits that improve the odds of success/survival in the natural world, Economic Darwinism advances people and policies that boost profits and power within the dominant environment. As Brenton explains in his essay […]

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Fast-Food Strike Means Time to Buy Gold

“Well, it’s not officially Bring Your Lunch to Work Day. But unofficially, it is, since America’s fast-food workers have announced plans to walk off the job in protest against the wages their employers pay. Those who flip burgers and deep-fry chicken nuggets are demanding a wage increase to $15 an hour – what they deem […]

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Market volatility is back and here to stay

“The key metric for measuring market volatility, the VIX (VIX), has spiked nearly 40% since early August. The index jumped 12% Tuesday as the possibility of a U.S.-led military strike on Syria rattled investors. And CNNMoney’s Fear & Greed index, which tracks the VIX and six other gauges of market sentiment, has swung into Extreme […]

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Summers as Fed chief is a 'black swan' event, analysts warn

“Speculation that Larry Summers is the favored candidate to take over Ben Bernanke as Fed chief has resurfaced in recent weeks, prompting a strong backlash from some industry watchers, with one going as far as labeling his potential appointment as a “black swan” event. “There is a lot to be said that the next Fed […]

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RBI should consider monetising gold: Sharma

“It was not immediately clear whether Sharma was referring to the 557.7 tonnes of gold the RBI holds in its own reserves, or gold in private hands. He did not give more details of how the proposal would work. India has the world’s third largest current account deficit (CAD), which is approaching nearly $90 billion, […]

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India might buy gold from citizens to ease rupee crisis

“A pilot project will be launched soon, a source familiar with the Reserve Bank of India (RBI) plans told Reuters. India has the world’s third-largest current account deficit, which is approaching nearly $90 billion, driven in a large part by appetite for gold imports in the world’s biggest consumer of the metal. With 31,000 tonnes […]

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Gold: 'It's like summer never happened'

“Gold has rallied steadily for over a week, as investors bid for safe haven assets, due to fears about the possibility of Western military involvement in Syria. As global stock markets flounder, analysts told CNBC that investors appeared to have dismissed the bullion rout that happened just a few months ago. The price of gold […]

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