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Retirement is a fiction born of the Ponzi economy. James Hoffa had difficulty unionizing the workforce until he struck a deal with the mob. He got their muscle, and in return, the mob had access to the other fiction: the worker's Pensions. Wall Street finally wized up and got in on the...

Sometimes, it is better that the gold stay in the ground. I don't think many will understand what I just said. That's OK. Soros does. :D

It's stories like these that make me believe that inflation will rule the decade ahead.

Spurious argument? What does his argument have anything to do with consumers? He's talking about the balance of payments between countries. What's there not to understand? One country cannot have a high current account deficit while another has a high current account surplus. At least...

And what currency is not manipulated?

Soros also doubled his gold holdings in Q4 2009. Looks like I have at least two investments that Soros believes in... only I paid less for both gold (physical though, not GLD) and NG than Soros did. I think he still has me beat in net worth. :D

You've got to be kidding me, right? Of all the above examples, the Great Depression is the only one that comes close. Yet even then, total debt to gdp did not exceed 300%, and that was *during* the crisis. You cannot compare the S&L Crisis and every recession since the Great Depression...

What we are witnessing has no precedent. Yes, there may have been implied guarantees in the past, but when was the last time the Federal Reserve monetized about a trillion and half of agency debt? Sorry, that's neither "customary" nor "normal." A fiat monetary system is a great method of...

How often in the past twenty years did the US gov't backstop/monetize/guarantee about 23 Trillion dollars? Effectively the entire financial system? We have never seen this. Ever.

Just more proof of the notion that the government has zero game plan. There is a complete and utter loss of control. They are truly winging it, and that, to me, is what's most alarming.

Def: transcending national boundaries, authority, or interests; beyond the borders or scope of any one nation. Major global wars determine a reserve currency that benefits one nation. As the current global monetary regime crumbles, the world will have a choice. Cooperation or conflict.

The next reserve currency will be supranational. Gold may have some influence. This will happen within 5 years. Why? The US Dollar fiat standard will implode by then. I'll write in more detail later when I have time. Otherwise, fire away.

Oh... yes, you are right.

Empires don't protect the world, they protect their interests. And that's why we have the world's reserve currency. There was basically a quid pro quo after WWII. Buy our debt, we will protect you. This covered the "grand area" of Western Europe and Japan. The American way of life is...

And there's nothing wrong with it on the community level. Think Amish, a church community, or a kibbutz in Israel. I have no problem with it.

-fire burn and cauldron bubble.

+1 Sarko is definitely looking more statesmanlike. I think he's looking for his own De Gaulle moment. Here's some great history - a Time article on De Gaulle, Bretton Woods, and views of a gold standard from 1965: http://www.time.com/time/magazine/article/0,9171,840572-1,00.html

As an American of Greek Heritage, I will say this: As long as the new German ruler of the Greek islands has a pet monkey, I'm fine with that. Sounds weird? Not really. In the early 1900s, the Greek Royal Family was really from Northern Europe. King Alexander's mother was the daughter...

Look, preparation varies by individual. Some go completely off grid, others just have a lot of canned food stored. And most that prepare are in-between those two extremes. But look at it this way, I have fire insurance on my house, not just because the mortgageholder requires it, but I...

We all know that Marc Faber has suggested the farm, guns and gold approach. But is anyone aware that Barton Briggs said the same thing two years ago? Barton Biggs has some offbeat advice for the rich: Insure yourself against war and disaster by buying a remote farm or ranch and stocking...