If there was ever a policy manual on how to deal with recession, the Fed and ECB’s copies have fallen out of the ugly tree and managed to hit every single branch on the way down. Indeed, if the world’s central bankers had wanted to perpetuate this recession until hell froze over, they couldn’t have done a better job: read more

Today legendary trader Jim Sinclair told King World News that the Cyprus disaster is much bigger than what is being reported and the implications are stunning. Sinclair, who was once called on by former Fed Chairman Paul Volcker to assist during a Wall Street crisis, had this to say in this extraordinary and exclusive KWN interview: Sinclair: “If people believe that $13 billion is the to... read more

London Gold Market Report WHOLESALE GOLD leapt 1% against the Dollar and 2.3% against the Euro at the start of Asian trade Monday, as global shares sank and major-government bonds rose following the Cyprus bail-out deal announced by European politicians at the weekend. "[German negotiators] were hand in hand with Finns," says an unnamed official quoted by the Financial Times, "who were mu... read more

US monetary policy makers have enjoyed a Goldilocks environment since they began the most intense phase of inflationary monetary policy, which we will define as post-Operation Twist, beginning in January of 2013. Goldilocks held sway because of a lag in inflation’s rising cost effects in the transition from economic contraction to economic expansion. But the expansion (such as it is) was wi... read more

While we explained exactly why there is a possibility of a Europe-style wealth tax in the US, it appears the American Banking Association has decided to put out fires early... While the crisis in Cyprus is a real concern for depositors in Cypriot’s banks, it has no implication for depositors in U.S. institutions. Depositors in U.S. banks are insured up to $250,000 and no insured depositor... read more

Cyprus is a beta test.  The banksters are trying to commit bank robbery in broad daylight, and they are eager to see if the rest of the world will let them get away with it.  Cyprus was probably chosen because it is very small (therefore nobody will care too much about it) and because there is a lot of foreign (i.e. Russian) money parked there.  The IMF and the EU could have easily bailed ou... read more