How do you depress the physical gold price? It’s quite easy… you throw $10 trillion paper dollars at it. Not only did global paper gold trading amount reach a new record in 2016, it surpassed the previous year’s total by nearly 50%. This is simply amazing when we look around…
(By Adam Williams-Bloomberg) Mexico’s existing oil reserves are dwindling so fast the country could go dry within nine years without new discoveries. That’s the message from the National Hydrocarbons Commission, which said Friday that the reserves fell 10.6 percent to 9.16 billion barrels in 2016, from 10.24 billion barrels a…
The Mainstream media continues to delude the public into believing cheap shale oil production will make the United States energy independent. We now see articles suggesting that Americans will no longer need to rely upon the Middle East or OPEC for our future oil supply when all we need to…
The U.S. Retirement Market is in BIG TROUBLE as annual benefits paid out are now larger than total contributions. Actually, the amount of net withdrawals were the highest in history. When payouts become larger than contributions… then we have the making of the typical PONZI SCHEME. Americans who have invested…
There will be very few assets worth owning when the “Energy Collapse” begins in earnest. Precious metals will be one of the few assets that will protect wealth as the U.S. and global oil industry disintegrates. I had the pleasure of being interviewed by Doug and Joe Hagmann about the…
Currencies all over the world experience periods of hyperinflation quite frequently. In this post I revisit the last 100 years of currency changes and conversions in Central Europe. The sheer volume of currency manipulation by these European governments will make your head spin.