Financial crisis

Before the deflationary implosion, the world will experience the most epic money printing and debt creating bonanza in history. That will mark the last desperate attempt by central banks and governments to solve a debt problem with more worthless debt.

The Fed's first mistake was to miss the start of inflation. We may now be witnessing the second mistake: in trying to create a useful recession to fight inflation, the US central bank is ignoring the unprecedented and irreversible impoverishment that the sudden rise in rates threatens to create.

The bond issue risks complicating the liquidity of the US Treasury market.The risk is that they will lose their status as a reserve asset, which would create a systemic risk. The confidence in the value of US debt is at stake. In this perspective, the purchase of physical gold becomes very import...

In this brief interview with Wall Street Silver, Egon von Greyerz discusses US and global markets, precious metal pricing and the inevitable rise in hard assets as global economies and currencies soften in a backdrop of rising rate insanity and increasing risk.

The current crisis clearly marks the borderline between two qualities of assets: those that offer a capacity to store energy and therefore protect against its volatility (precious metals) and those that impose, on the contrary, a dependence on fluctuating costs and threaten to transform a simple...

In the context of a real estate bubble, economic slowdown and geopolitical conflicts, the Chinese central bank, more commonly known as the People's Bank of China, has just decided on a new rate cut. The Middle Kingdom is entering a new reality.

All sectors of the economy, individuals, companies, banks, local governments etc will be in need of financial support of a magnitude never before seen in history. But remember that what governments and central banks are doing will add ZERO intrinsic value to the economy. Instead they are creatin...

While the daily manipulations of the bullion banks allow a few participants to make substantial gains in the derivatives markets, the BRICs continue to get their hands on most of the available physical gold stocks, led by China.

The history of money is several thousand years old. But do we know its evolution? How was it created? How does it work? Its influence? The questions that revolve around this social link are of little interest to the average person. Yet money structures our economic and political models.

As with platinum, silver stocks available for delivery are accelerating their decline this week. This raid on COMEX precious metals stocks is also affecting gold. The rate at which stocks eligible for delivery are disappearing is accelerating.