Meredith Whitney Predicting Municipal Bond Market To Get Destroyed By Insider Monkey In this week’s 60 Minutes, Meredith Whitney predicted that the municipal bond market will get destroyed. “There’s not a doubt in my mind that you will see a spate of municipal bond defaults” she boldly predicted. When Steve Kroft asked her how many is a “spate” Whitney clarified: “You could... read more

A source in mergers and acquisitions out of Europe has alerted King World News that Carlos Slim may be looking to enter the silver market in a big way. Gold and silver are in big bull markets and this is attracting the attention of some of the smartest money around the globe. James Turk commented, “If this deal does happen Eric, this is going to make the silver shorts choke.” Fresnillo h... read more

The other day, in my post “The Lull Before the Storm”, I mentioned that for fiscal year 2011, the Federal Reserve would be purchasing over 60% of the Federal government deficit. Literally. In other words, the Fed would be dancing the Monetization Waltz, just like Latin American countries used to back in the 1970’s: Proof positive that America is indeed a banana republic—only with... read more

LONDON (Commodity Online): Which is the best investment asset in commodities? Gold or Silver? It is an ongoing precious metals debate to which leading global commodities investors and bullion analysts are partaking these days. Among them, the wisdom in investing in commodities comes sharp and clear from Jim Rogers, chairman of Rogers Holdings. The celebrated commodities investor and founder... read more

$24.5 Trillion In US National Debt, $144 Trillion In Unfunded Liabilities In... 2015 Zero Hedge DECEMBER 20, 2010 By now everyone has seen and played with the US debt clock via usdebtclock.org whereby anyone who so wishes, can find every little detail about America's current sad fiscal state. The fact that America currently has just under $14 trilllion in national debt should... read more

The Dollar Will Collapse in 24 Months Investors have been shuffling currencies around faster than a game of three-card Monte as the true value of world's paper money is being exposed. But in the end, the only real winners would have walked away from the table long ago, their pockets stuffed with the only currency that really matters: gold. The consequences of decades of abuse to the... read more

Hyperinflation Watch : Numbers don’t lie December 14th, 2010 For several months I have been warning that hyperinflation of the US dollar is looming. The ominous signs of this impending currency train-wreck are becoming increasingly clear. For example, crude oil is threatening to break above $90 per barrel. Copper has broken through $4 per pound to a record high price.... read more

This past Sunday on the CBS program "60 Minutes", Americans received a massive dose of mendacity from our Fed Chairman. Mr. Bernanke's shaky delivery, and even shakier logic may cause faith in America's economic leadership to evaporate faster than the value of our dollar. In particular, Bernanke delivered two massive distortions: Lie #1 - The Fed isn't printing money. Bernanke stated: "... read more

(Reuters) - U.S. government inflation data is "a sham" and is causing the Federal Reserve to vastly understate price pressures in the economy, influential U.S. investor Jim Rogers said on Tuesday. The U.S. central bank uses inflation data that relies too heavily on housing prices, Rogers told the Reuters 2011 Investment Outlook Summit, and he criticized the Fed's $600 billion bond-buying pr... read more

Eric Sprott is more bearish now than he was a decade ago, when the Toronto-based investor started his first hedge fund to offer investors protection from what he believed would be a protracted market downturn. Back then, the bursting of the technology bubble was painful, but the global financial system is now in even worse shape because of bailouts like Ireland’s new rescue package, says t... read more