Global central banks have been flooding the world with liquidity in an attempt to fend off debt deflation and re-inflate the global economy…a collective action that is creating the Mother of All Bubbles. On the macro level we are presently experiencing deflationary pressure due to continuing fallout from 2008, and government attempts to reign in […]

The topic of this quarter’s letter is gold. Is it a “barbarous relic” or the only true currency? Should everyone own some, or is it a useless asset? Few issues in the financial world provoke as much passionate and opposing commentary as the role and value of gold. Gold has rallied over 700% from its […]

The reality of the economic catastrophe that has been created by 30 years of debt creation, laissez-faire globalization and upward redistribution of wealth, is gradually and steadily asserting itself. Our leaders have been doing everything they can think of to first deny, and then delay, delay, delay the inevitable, but big changes are beginning to […]

Only four months into 2011 and we’ve already had a decade’s worth of drama. The year began with the Arab uprising that continues to reshape the Middle East, followed by the earthquake and tsunami that devastated Japan, another war in Libya, and finally the killing of Osama bin Laden. Given that the global financial system […]

America is in trouble. Around the country, the nominations of Tea Party Republicans like Senate candidates Christine O’Donnell in Delaware, Sharon Angle in Nevada, Joe Miller in Alaska, Rand Paul in Kentucky and Ken Buck in Colorado are the canaries in the coal mine. A group of Rand Paul supporters assaulted and stomped a woman […]