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  • Will The Price Of Gold And Silver Keep Falling? [View article]
    Good point Guardian. I agree, many investors are waiting for the sequestration picture to fully crystalize before jumping back into PMs. The closer you look (Currency devaluation, Euro crisis, sequestration, etc.) the harder it is to see the forrest for the trees, which is that currencies are headed down and commodities are headed up over the long term, as the author described so well.
    Feb 15, 2013. 11:01 AM | 1 Like Like |Link to Comment
  • We Are All Contrarians Now [View article]
    The Fed will not unwind, it will monetize.
    Feb 1, 2013. 11:52 AM | Likes Like |Link to Comment
  • The ECB Worries About Competition From Bitcoins [View article]
    Very interesting. It would be great for the people to take control of the currency again! The free market always finds a way!

    People should not be dependent on the government to spend fiat currency notes into existence, rather the government should be dependent on gathering what it can of it's citizens production by consent through legitimate taxation.
    Jan 30, 2013. 07:10 PM | 2 Likes Like |Link to Comment
  • Politically Favored Hospital Stocks [View article]
    why did you put that DRG comment in where you did under Life Point?
    Jan 26, 2013. 10:00 PM | Likes Like |Link to Comment
  • Politically Favored Hospital Stocks [View article]
    excellent article! I agree 100% and have written similarly on this subject.
    Jan 26, 2013. 09:55 PM | Likes Like |Link to Comment
  • Market Rally: Why You Should Be Worried [View article]
    Read about Metalism vs Chartalism. The founders knew what they were doing (article 1 section 8). Also, too much stimulus in a contracting economy (as opposed to allowing graduated deflation) causes malinvestment and suppresses creative destruction. The price signals and price discovery mechanisms for good vs bad capital good vs bad investment become distorted. Federal debt spending also robs the people's productive capacity either now (taxes) or in the future (inflation). Unfortunately we live in fiat times and all currencies are being over-printed, so we have to print to keep up or we'll be unable to export.
    Jan 26, 2013. 08:11 PM | 6 Likes Like |Link to Comment
  • No Margin For Error: Margin Debt, Quantitative Easing, And Future S&P 500 Returns [View article]
    The Fed purchased, I believe 61% of US treasuries in 2011 and less in 2012. Was the decline in 2012 because the Primary Dealers are holding treasuries on their balance sheets in excess for reserve requirements + the ability to leverage for repo? Thanks for the article.
    Jan 22, 2013. 09:31 PM | Likes Like |Link to Comment
  • Inflationary Targets Will Fail - World Stuck In Deflationary Super-Cycle [View article]
    "ultimately we will still be in a contraction phase because the contraction pressures are greater than the central banks can devalue the currencies over the long haul."

    Don't underestimate a central bank's ability to print. Core CPI is only rising 2% yoy despite massive QE and negative real interest rates due to the 2 trillion dollar credit contraction in shadow banks (Singh & Stella 2012). We will have more printing; and stagflation until the central banks cause hyperinflation.
    Jan 22, 2013. 09:16 PM | 1 Like Like |Link to Comment
  • If Bond Prices Collapse, Will Gold Takeoff? [View article]
    Post Bretton-Woods the dollar has been linked to oil. The dollar is the world's reserve currency only because of the petrodollar and our military's ability to defend OPEC at all costs. This era is coming to an end. Japan and China no longer buying our debt, and for good reason. Fed bought 61% of US securities in 2011. In 2012 the Primary Dealers have been scooping up treasuries and leveraging them in the repo markets, propping up equities with the govt's approval, and a tacit tax-payer guarantee. When treasuries are auctioned the Primary Dealers will bid, because they have to, and because they can use the securities for collateral. In the end our debt is intrinsically tied to the health of the S&P and bank's balance sheets. If the ship sinks, we all go down together.
    Jan 22, 2013. 09:08 PM | 1 Like Like |Link to Comment
  • The Treasury Run [View article]
    "At some point, the Federal Government will not be there as the buyer of last resort, artificially driving up Treasury prices and driving down yields."

    They will monetize before they unwind. Look at Japan, they can't even think about unwinding.
    Jan 22, 2013. 08:54 PM | Likes Like |Link to Comment
  • Don't Worry About Currency Wars [View article]
    How will Japan stay solvent without monetizing their debt? At this time 50% of all revenue would be required to pay the INTEREST on servicing their debt. With the demographic picture in Japan, and the population for the first time in decades actually de-saving, I just don't see how you can be unworried about a hyperinflation scenario unfolding with monetization.
    Jan 22, 2013. 08:42 PM | 2 Likes Like |Link to Comment
  • Currency War - Are There Ever Any Winners? [View article]
    The post Bretton-Woods era is ending quickly. Hopefully the currency wars will not spark military wars (see Senkaku/Diaoyu islands). As the purpose of establishing a global reserve currency in the first place was to help mitigate war.

    This is all heading towards Global hyperinflation, and then a Global Central bank and Global fiat currency. That much centralized power will certainly lead to abuse causing Precious Metals and black market currencies to thrive.
    Jan 21, 2013. 08:58 PM | 3 Likes Like |Link to Comment
  • Currency Wars: U.S. Attack [View article]
    The debasement will continue until hyperinflation. Then a Global central bank will arise, a global world fiat currency.
    Jan 21, 2013. 07:38 PM | Likes Like |Link to Comment
  • Deep Dive: Financial Repression Reconsidered [View article]
    Financial Repression occurs when the federal government, through its central bank, secures for itself a purchasing power advantage over it's people at the expense of the people. Government is supposed to use OUR money, not vice versa. Article 1 section 10. Government is supposed to be dependent on our productivity; we are not supposed to be dependent on the government spending fiat currency notes into existence. Interest rate manipulation that favors monetization distorts the price discovery mechanism for capital, causes malinvestment, and gives unfair advantages to debtors over creditors, thereby giving actors incentive to spend immediatley rather than save for later. If money were a commodity the incentive for saving vs spending would better reflect supply and demand.
    Jan 21, 2013. 04:53 PM | Likes Like |Link to Comment
  • Gold Breakout In Process, Thanks To Germany [View article]
    Did I not just demonstrate to you that the S&P 500 vs Gold have performed similarly as stores of value...
    You know what. Never mind.
    Jan 17, 2013. 11:24 PM | 1 Like Like |Link to Comment