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I agree. My prior statement was rather broad. Paper trading in gold, foreign central bank purchases, retail buying/selling of jewelry - all impact the price of gold - it's not just the strength or weakness of a currency. But when a currency gets severely debased - the price of gold in that...

It is not so much that gold will rise or fall. Gold is more of a barometer - it tells us how much our currency is worth. It doesn't "go up" or "go down" alone... it moves with a currency's strength or weakness. What most people in the mainstream media and government don't have the balls to...

So, will the Federal gov't bailout bankrupt states? Who will pay for unemployment benefits when the states run out? Will the fed gov't ever cut social security and medicare entitlements because they may soon be unfunded? Will we have an additional 9 Trillion added to the debt over the next...

But keep in mind, there are just as many, if not more, commercials telling people to sell their old "useless" gold jewelry. Cash for Gold! signs are everywhere as well. Obviously, dealers are making money on the commissions from trading physical gold... so what's the net effect on the...

Typical response from someone that is ignorant of history: A significant portion of the economic, social and political predicament in Haiti can be traced to the decline of its agriculture sector. Up to about 30 years ago, Haiti was self sufficient in the production of rice, the varieties of...

I give you historical facts and statistics to support my position. Your responses OTOH, are so well thought out that you don't need to support them with boring data. Were you captain of the debate team in high school?

You didn't address the points I made, you just posted a wiki entry and a "get real" retort. We are just entering this crisis. If we are to compare the Great Depression with today's crisis, then all we can do is to compare the beginning stages of each crisis. Today, we are entering a crisis...

There's a big difference between a standard ARM and an Option ARM. An Option ARM has a minimum payment option the first five years, and the loan can go through negative amortization. After that 5 year period, the debtor has to make the fully amortized payment. Despite low rates, that will...

Before and during the Great Depression, over 25% of Americans were engaged in farming, we were the world's largest exporter of oil, and we were the world's largest creditor nation. Today, we are the largest consumers of oil; that's a lot of dollars that leave the country, today we rely on the...

That's akin to admitting all you did was place a GIANT bandaid on this mess. Better to be "forced" out and watch the wreckage from afar. At least then, some people will always have a second thought: "Well maybe if we kept Bernanke...." Would you want to be FED chief? I wouldn't. Doing...

If true, I don't think it has much to do with working with Obama. Maybe he sees that it is impossible to continue to delay the inevitable, and that he would rather be remembered as the guy that "saved" the financial system and the US from economic ruin. Which is something the next Fed chief...

That may be a good short-term play, but be careful. The emerging countries still have very low gold reserve ratios, and I don't think they are done buying. If gold goes to around 1050, I think there may be some big buyers out there. They'll squash anyone still shorting gold.

I'm just as skeptical as you are. I believe that to a large extent, the two party system is a joke. But I don't think doing nothing is an option - on paper, we still have a democratic republic. I'd rather be involved then do nothing wondering when or if the system crashes from its own...

Lots of hype in that email. Remember, whenever you hear big numbers being thrown around, you have to be a little discriminating - understand concepts such as potential, probable, and recoverable. Here's a good article on the Bakken Formation, written by a petroleum engineer...

You make good points - but what's easier to accomplish: 1) using large amounts of natural gas to convert oil sands to gasoline or 2) Converting thousands of gas stations and millions of vehicles to run on natural gas That will be an issue in the near future, IMHO. (Near future=10-20...

I find sensational headlines of recent oil discoveries annoying. People read them and think all is well, no issue here. Well, it's more complicated than that. The rush to oil sands, shale oil, deepwater offshore.... are all examples that conventional oil has likely peaked. Keep in mind...

I sent my two Senators emails a month ago, and will follow up again. I agree - now's the time to turn it up and contact these guys. Remind them of the election this November. We all know that Politicians will sell themselves to the highest bidder.... but when it's their ass that's on the...

You do know that the world is split up into economic "units" called countries. China is one of them. Are they on the verge of bankruptcy? Yes, the global architecture of international trade and finance is broken, IMHO.... and it could end very badly. But your line of reasoning in this...

Good point. But you have to admit, approaching or breaching the GDP threshold is a milestone in itself. I think it illustrates the inherent flaw of a fractional reserve/fiat model economy. (and no, I'm not suggesting a solution or supporting the abandonment of our current system here -...

What's your point here? If a bank can't make money lending, then they should use their special status, privy information, and relationship with the fed to compete against me, an individual trader? Bullshit. If they are a bank, they lend. If the lending environment is not that good -...