as the trend progresses, it comes to be understood that the central, underlying system that is being corrupted is the currency, that most of today’s political and financial malfeasance depends on easy money, and that inflation is an ongoing policy of this pervasive new regime. When this realization becomes sufficiently wide-spread, the trends towar

Are there financial indicators that can signal the advent of a crack-up boom? A few. Gold’s exchange rate is an obvious one. When it spikes, that’s a sign that global capital is losing faith in fiat currency – which explains why governments intervene in the precious metal markets so aggressively. Also potentially useful is the velocity of money. Re

Chinese proverb says wisdom begins with calling things by their right name.

Shortly after his inauguration in 1933, President Franklin Roosevelt concluded that US problems were serious enough to warrant devaluation of the dollar, among other aggressive policies. Under Article I, Section 8 of the Constitution, only Congress had the power to “regulate” 6 the relationship between the dollar and gold, but FDR claimed that auth

a “complex” system like a weather front, living organism, or pre-avalanche snow-covered mountainside contains numerous parts that do change in response to their communication and interaction. This process can create feedback loops begetting “emergent properties” that differ radically from the system’s constituent parts or its previous state.

Whereas a leveraged inverse bond ETF (one that is designed to go up if bonds go down) can only be held for short periods of time because it bleeds value, a short position in a leveraged long bond ETF (a fund designed to go down if bonds go down) can be held for years because its gradual loss of value works to the short seller’s advantage. So to bet

the Federal Reserve issued up to 2½-times more receipts than gold

So in 2013 the industry adopted “all-in sustaining costs” as the preferred measure. As Chuck Jeannes, CEO of Canadian miner Goldcorp admitted in his company’s 2012 annual report, “The traditional measure of cash costs is not a realistic view. To produce an ounce of gold, we not only incur operating costs, but we spend sustaining capital at the site

Artificially-High Stock Prices Until very recently share prices, by general consensus, were set purely by market forces (though they were influenced somewhat by the Fed’s control of short term-interest rates and government tax and spending laws). Whether the market went up or down was not generally seen as a pressing policy matter for the federal g