Total National Debt

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Gold: 1256.80    4.98        Silver: 16.720    0.12        Platinum: 931.20    2.04        Palladium: 863.60    -24.72

Unsustainable Debt Burdens

While the U.S. government can seemingly borrow and spend without limits, the U.S. consumer appears to be nearing the end of its rope. Somehow this always seems to happen at the worst possible time. The problem, of course, is that U.S. consumer debt has gone parabolic since early 2009. Student loans, auto loans, and credit…

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How Will This Global Debt Bubble Ever End?

We’ve been playing two games to mask insolvency: one is to pay the costs of rampant debt today by borrowing even more from future earnings, and the second is to create wealth out of thin air via asset bubbles. The two games are connected: asset bubbles require leverage and credit. Prices for homes, stocks, bonds,…

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JIM ROGERS: The worst crash in our lifetime is coming

Legendary investor Jim Rogers sat down with Business Insider CEO Henry Blodget on this week’s episode of The Bottom Line. Rogers predicts a market crash in the next few years. One that he says will rival anything he has seen in his lifetime. Following is a transcript of this discussion. Blodget: One of the things…

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Gold Is Dwarfed By Government Interventions

Every strategy employed by global leaders—most of which has occurred just since 2008—dwarfs the entire value of all above ground gold. And this isn’t even a fair comparison. Only roughly 45% of “all the gold ever mined” is actually in investable form (bars and coins). That yellow bar in the chart would be barely visible…

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Diagnosis of Gold Correction: Normal

Murphy’s Law, applied to gold and silver: the price will fall right after you buy. As most of you know, gold and silver have been on a tear this year. Gold hit $1,363.75 (based on London PM fix) on August 2. But yesterday it fell to $1,253.45, what amounts to an 8.1% pullback. As you’re…

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Beware Of Digital Wealth

“The numbers that represent your accounts in banks and credit cards have numbers that represent balances. Your stock investments have numbers that represent performance. The whole digital illusion leaks like a sieve. Fraud is everywhere, in the banks, in your computer, in your devices, everywhere. Nothing is safe, none of your digital wealth is safe.…

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Ben Bernanke: ‘Premature’ To Count Out Negative Rates

Jeff Cox Former Fed Chairman Ben Bernanke thinks policymakers should give serious thought to implementing negative rates. The man who led the U.S. central bank immediately before Janet Yellen doesn’t believe his former colleagues should rush to that kind of ultra-aggressive policy stance. But of all the options the Fed has for stimulus, going to…

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Visualizing the Size of the U.S. National Debt

How big is the U.S. National Debt? The best way to understand these large numbers? We believe it is to represent them visually, by plotting the data with comparable numbers that are easier to grasp. Today’s data visualization plots the U.S. National Debt against everything from the assets managed by the world’s largest money managers,…

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Gold Market Update – Going Off The Rails

By: Clive Maund Many people are aware that the world is going to Hell, and are feeling very uneasy because they can’t see through the smog of propaganda to precisely why this is happening – after all, with progress and technological advances, life is supposed to get better for more people, right? There are two…

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Gold’s True Value Is $1700 – Deutsche Bank

When central bank balance sheets grow, gold has historically followed suit, researchers say By STEPHANIE YANG Gold has been under pressure in recent weeks, but one bank is making the case that the precious metal is actually extremely under-priced. Deutsche Bank analysts Michael Hsueh and Grant Sporre wrote in a note to clients Friday that…

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