History Says Global Debt Levels Will Lead to Another Crisis

It may feel like we’ll escape a debt crisis since, well, the world hasn’t ended in spite of runaway debt levels. Some of us hard money people feel like we’re taking crazy pills; how the heck can debt be so out of control, so completely unpayable, and yet the financial system keeps chugging along as if nothing’s wrong?

Oct 17, 2017 - 06:02:46 PDT


Mike responds to questions about Jeff Clark’s recent story on Chinese oil imports being priced not in dollars, but yuan. And how they're convertibility into gold on the Shanghai futures exchange creates a new and large source of gold demand.

Oct 20, 2017 - 10:20:26 PDT

China Central Bank Warns System Could Lead to a Full-Blown Crisis

Zhou Xiaochuan, the governor of the People's Bank (PBOC), spoke of "fierce market reactions" & possibly a Minsky Moment

Oct 20, 2017 - 12:03:48 PDT

Chinese Yuan Used by 60 Countries as Reserve Currency

One has to wonder if China's Yuan for Oil convertible to Gold will eventually just be a Yuan for Gold program

Oct 20, 2017 - 09:53:57 PDT

A New Broad Serious Challenge to the Dollar: China-Ruble Payment System

China’s Belt, Road Initiative (BRI) has an integral gold-based currency component that could change the global balance of power

Oct 20, 2017 - 16:39:10 PDT

Falling Gold Price To Reverse, To 5,000 An Ounce?

The falling gold price could soon go into reverse according to several groups of analysts at Goldman Sachs and others...

Oct 20, 2017 - 16:33:31 PDT

ScotiaMocatta Put For Sale After Multibillion Money-Laundering Scandal

The world's oldest gold trader is for sale after a massive money laundering scandal may have terminally crippled one of the most iconic names in the business.

Oct 20, 2017 - 16:23:49 PDT

Why Central Banks Disagree With Gary North About Gold

What good is gold in the vaults of any central bank? I understand why it's a good idea to have bullion gold coins in your "vault." I don't understand why it's a good idea for central bankers to put gold bullion bars in their vaults.

Oct 20, 2017 - 16:05:42 PDT

RecessionAlert Weekly Leading Index Update

The latest index reading came in at 22.2, up from 20.3 the previous week.

Oct 20, 2017 - 15:59:25 PDT

Is the Fed Getting Cold Feet About the QE Unwind?

Curious things are happening on its balance sheet.

Oct 20, 2017 - 15:44:17 PDT

Fed Flunks Econ 101: Understanding Inflation

The Federal Reserve admits that it doesn’t understand how inflation works, even though that’s it’s No. 1 job, writes Caroline Baum.

Oct 20, 2017 - 15:42:07 PDT

How One of the First Big Property Bubbles Led to the Great Depression

John Stepek looks back at Florida’s property boom of the 1920s – and the inevitable crash that followed.

Oct 20, 2017 - 14:41:31 PDT

How Many Hours Americans Need to Work to Pay Their Mortgage

The visualization uses data from the U.S. Census for household income and Zillow for median home listing price, while calculating mortgage payments based on a standard 30-year term.

Oct 20, 2017 - 13:41:03 PDT

Simply Unaffordable: These Cities Make USA Housing Look Dirt Cheap

As people around the world move into cities and look for housing, one thing is clear: Most will have a hard time paying for it.

Oct 20, 2017 - 13:35:15 PDT

Housing Isn’t Just About Real Estate

The breakdown of the monthly resale volume leaves no doubt as to what is taking place in the market. The volume of sales at the lower ends is down

Oct 20, 2017 - 12:27:42 PDT

U.S. Posts Its Largest Budget Deficit Since 2013

Deficit widened to $665.7 billion in the 2017 fiscal year. Mnuchin, Mulvaney blamed weaker receipts on ‘sub-par’ growth

Oct 20, 2017 - 11:32:46 PDT

Moody's Warns of 'Likely' Hartford Default, Decades of Deficits Ahead

Moody's issued a blunt warning Thusday to investors that Hartford will likely default on its debt by early November.

Oct 20, 2017 - 11:30:43 PDT

Bank Run Imminent: Catalan Separatists Urge Supporters to Pull Cash

As tensions escalate in Spain, Catalan Separatists are potentially about to do some real damage & hit Madrid where it really hurts.

Oct 20, 2017 - 11:25:07 PDT

China's 30-Year Deadline to Rule the World

Beijing has outlined plans to become the world’s biggest superpower within the next 30 years.

Oct 20, 2017 - 08:09:19 PDT

Edge of The Cliff: The Big Story

With sky high equity valuations, economic uncertainty, plus concerns over interest rates, central bank reactions and debt, the risks are rising.

Oct 20, 2017 - 08:02:10 PDT

Tales from a Late Stage Bull Market

An endearing quality of a late stage bull market is that it expands the universe of what’s possible.  Somehow, rising stock prices make the impossible, possible.  They also push the limits of the normal into the paranormal. Last week, for instance, there was a Bigfoot sighting near Avocado Lake i