‘National Debt’ Archives
Death of the Middle Class
Read the Tuesday Afternoon Wrap-up for 2/21/2012 and the Wednesday Morning Commentary for 2/22/2012 Few charts stand out more than the one below. Since interpretations can be vast and diverse, I invite you to administer a “self-Rorshach test” and forward me your thoughts. As for me, I see the death of America’s Middle Class, tiering [...]
Fiat Failure!
Today’s RANT is inspired by an article about the Mongol Empire of the 13th Century, demonstrating how civilians openly revolted against the imposition of an unwanted, unjust fiat currency system, upon penalty of death – and succeeded! I’m sure this is not the only such instance throughout history, and probably quite common in societies [...]
Hyperinflation and Credit Default Swaps
READ THE FULL NEWSLETTER If we see gold replacing the dollar as the world’s reserve currency, this will be accompanied by a collapse of confidence in the current financial system and panic buying in gold. This will create a move in gold, as Sinclair says, “That will light your hair on fire.” –King World News, Russell - Gold [...]
(Miserable) State of the Union
READ THE FULL NEWSLETTER Another Monday passed, another financial market “LOCKDOWN” in front of a blizzard of “events,” which I say in quotes because they will ALL be exacerbated dramatically by simultaneous, premeditated Cartel/QE/PPT/ESF manipulation to produce the desired psychological effect. Not that I am sure they will be [...]
We Are Moving Toward Hyperinflation
READ THE FULL NEWSLETTER I have been thinking lately about how best to describe Ranting Andy Hoffman. I have decided that the term that best describes Andy is an "angry whistleblower" and the object of his anger is Wall Street, a place he knows well, having worked for many of the largest brokerages in the business for well over a decade. For [...]
Gold Price vs Government Debt
READ THE FULL NEWSLETTER On Thursday afternoon, I set off with my wife Susan, my son Andy and his wife Zhanna for an afternoon at the beach in Hollywood, 15-minutes north of our home in Aventura. We stopped at a tequila bar on the boardwalk and ran into Dennis (the worm) Rodman, who some 15-years ago was making headlines, along with Michael [...]
Nature vs Nurture
READ THE FULL NEWSLETTER Perhaps I should stop writing about the daily action, as the government LOCKDOWN on all financial markets, including stocks, bonds, currencies, and PAPER gold and silver, has officially reached "epic proportions." No matter how bad the economic news, outlook, and fundamentals, the stock and bond markets are [...]
Bullish on Silver
READ THE FULL NEWSLETTER Silver to Break $100 in 12 to 24 Months - John Embry, Sprott Asset Management _________________________________________ Please check out the following YouTube video on the National Debt. It is wonderful and I have no doubt that you will forward it to your friends and family. DEBT LIMIT - [...]
The End of Borrowing
READ THE FULL NEWSLETTER It's Wednesday afternoon, and I'm writing from the Tarmac due to a flight delay (hope they don't bust me like Alec Baldwin). However, all should be well for my short jaunt to Phoenix, as I wrote part of today's RANT this morning, and should get much more done on the plane. Unfortunately, I'll be editing on an Apple [...]
Chutzpah? Nah, just more inflation.
READ THE FULL NEWSLETTER THE ESSENCE OF CHUTZPAH Chutzpah is a Yiddish word meaning gall, brazen nerve, effrontery, sheer guts plus arrogance. As Leo Rosten writes, no other word, and no other language, can do it justice. This example is better than 1,000 words ... A little old lady sold pretzels on a street corner for 25 cents [...]
