On January 26, 1841, two years into the First Opium War between China’s Qing Dynasty and the British Empire, Commodore Sir Gordon Bremer hoisted the British flag above Possession Point in Hong Kong.
At the time the island’s population numbered less than 10,000. Most were illiterate fishermen.
Hong Kong was also devoid of any meaningful natural resources except for well-placed ge... read more
Betting against gold is the same as betting on governments. He who bets on governments and government money [fiat currency like the U.S. dollar] bets against 6,000 years of recorded human history. – Charles De Gaulle
Silver, for 6,000 years of human recorded history, has been “poor man’s gold.” In fact, based on everything I can find on the topic, silver was used as currency befor... read more
If the momentum that helped propel the S&P to its best two-week stretch in a year is to continue, it’ll depend largely on a flood of economic numbers culminating with the jobs report at the end of the week.
It’ll also hinge on investors’ ability to rethink the nasty start to the week in China. Watch the China chatter grow after the central bank cut the reserve-ratio requirement for ba... read more
Despite the large commercial short positions, is silver about to shock the world by becoming the best performing asset of 2016?
James Turk: “The shorts dodged two bullets last week, Eric. The first bullet was the silver price…
James Turk continues: “The shorts managed to force it below $15 by the end of the week, so any call options expiring that day ended out of the money. All... read more
On the heels of eight weeks of chaotic trading in markets, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, just warned the world is headed toward anarchy, hyperinflation and a frightening endgame.
“We are now seeing the perfect bull trap in stock markets Eric. After a fall this year in the Dow of 2,450 points, we... read more
An Escalating War On the Use of Cash
By John Browne
On February 16th, The Washington Post printed the article, "It's time to kill the $100 bill." This came on the heels of a CNNMoney item, the day before, entitled "Death of the 500 euro bill getting closer." The former cited a recent Harvard Kennedy School working paper, No. 52 by Senior Fellow Peter Sands, concluding that the abolition of... read more
With a wild start to 2016, today King World News was given exclusive rights to republish a powerful piece by Nomi Prins, the keynote speaker at the recent IMF, World Bank, Federal Reserve Conference.
Keynote Speaker at the recent IMF, World Bank, Fed Conference
Throughout last year, I predicted the Federal Reserve wouldn’t raise rates by September and that it was unlikely to do anything... read more
