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» john rubino

  • This Is What Gold Does In A Currency Crisis – E...
    By on January 25, 2015 | No Comments  Comments
    Today the European Central Bank acknowledged that the currency it manages is being sucked into a deflationary vortex. It responded in the usual way with, in effect, a massive devaluation. Eurozone citizens have also responded predictably, by converting their unbacked, make-believe, soon-to-be-worth-...
  • Can You Just Surrender In A Currency War?
    By on January 21, 2015 | No Comments  Comments
    Switzerland, as everyone knows by now, has slipped out the back door of the drunken orgy that is the modern financial system. And the other revelers are wondering if it’s time to find their own clothes and start tiptoeing towards the exit. Because the Swiss have such a big “mind share” in the ...
  • Germany Caves On Greek Debt, Italy Takes Note
    By on January 11, 2015 | No Comments  Comments
    Global financial markets breathed a sigh of relief today on news that Germany might cut Greece some slack after the latter elects an anti-austerity government: Greek Debt-Relief Talks Possible After Vote, Germans Say Germany is leaving the door open to discussing debt relief with Greece’s next go...
  • Wow, They Really Are Tapering!
    By on January 5, 2015 | No Comments  Comments
    In the sound-money community there is universal skepticism about the Fed’s plan to stop monetizing the world’s debt. Hardly anyone thinks they’ll go through with it and absolutely no one thinks they’ll succeed if they do. But the Fed is acting like it’s serious. Take a look at the monetary...
  • Scenes From a (Suddenly) Nude Beach
    By on January 3, 2015 | No Comments  Comments
    Warren Buffett’s classic observation that “You only see who’s swimming naked when the tide goes out” is being tossed around more frequently these days, as the world gets yet another deflation scare. Zero Hedge just published a great piece on this topic, which should be read in its entirety. ...
  • 2014 In Review: How Could Gold Bugs Have Been So Wron...
    By on December 30, 2014 | No Comments  Comments
    Twelve short months ago, the immediate future looked like a lock. Overvalued equities had to fall, ridiculously-low interest rates had to rise, and beaten-down precious metals had to resume their bull market. The evidence was overwhelming. Debt in the developed world had risen to $157 trillion, or 3...
  • Really, Greece Again?…
    By on December 27, 2014 | No Comments  Comments
    The Greek financial/political crisis is becoming an annual event. For a sense of just how long this unfortunate little country has been struggling to survive under the relative sound money regime of the eurozone, here’s a Greek Crisis Timeline that CNN published in 2011. Even back then the pattern...
  • This Is What Gold Does In a Currency Crisis!
    By on December 17, 2014 | No Comments  Comments
    To say that gold is in a bear market is to misunderstand both gold and markets. Gold isn’t an investment that goes up and down. It is money in the most basic store-of-value sense. Most of the time it just sits there, and when its price changes in local currency terms that says more about the local...
  • Well Played, Wall Street!
    By on December 16, 2014 | No Comments  Comments
    So the markets are getting skittish and the media is obsessing about the many things that could go wrong out there. It’s like 2007 all over again, but with one big difference: Back then the mega-banks were reasonably sure the government would, if necessary, bail them out of their hundreds of trill...
  • World in a Box
    By on December 11, 2014 | No Comments  Comments
    Of all the problems with fiat currency, the most basic is that it empowers the dark side of human nature. We’re potentially good but infinitely corruptible, and giving an unlimited monetary printing press to a government or group of banks is guaranteed to produce a dystopia of ever-greater debt an...
  • Why the US Is (Temporarily) Outperforming, In Two Cha...
    By on December 10, 2014 | No Comments  Comments
    Last week’s US employment report was, at first glance, the best in years. 300,000+ new jobs, rising wages, fewer people dropping out of the workforce, the whole package. Very hopeful. And also curious, since the rest of the world seems to be moving in the other direction. Consider: British wor...
  • Instability, Here We Come
    By on December 3, 2014 | No Comments  Comments
    Last week saw the global financial system tip from delusion — where it had happily drifted for several years — into chaos. Consider the following more-or-less randomly chosen data points: French unemployment hits record high Italian unemployment hits record high Oil’s price falls by $10.36/bbl...
  • Most of the World Panics — Is the US Next?
    By on November 29, 2014 | No Comments  Comments
    In late October Japan, despite a year of fairly aggressive quantitative easing, dropped back into recession and concluded that even easier money was the cure for its ills. It announced a debt monetization plan of almost science-fictional proportions in which the amount of new yen to be created, as a...
  • Inflation Chronicles, Part I: Art Prices So High, Cro...
    By on November 19, 2014 | No Comments  Comments
    Depending on which expert is talking, the world is either falling into a deflationary abyss or launching an inflationary moonshot. What’s truly weird and fascinating is that they’re both right. The mountain of debt taken on in the past few decades exerts a profoundly deflationary pull on the eco...
  • Did Gold and Silver Just Get Their Greenspan Put?
    By on November 11, 2014 | No Comments  Comments
    The world’s central banks and derivatives traders have been having their usual fun with gold and silver lately, dumping huge volumes of futures contracts into thin markets to produce massive declines — just when precious metals SHOULD have been soaring in response to near-global debt monetizatio...
  • A Sunny Silver Forecast: Low Price Today Means High P...
    By on November 5, 2014 | No Comments  Comments
    Solar power has been the next big thing in energy for as long as most people have been alive. But it was always too expensive to be anything more than a niche technology, attractive more for its coolness than its efficiency. That has changed, in a big way. According to a report by Deutsche Bank, gen...

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