From the monthly archives:
Richard Russell, who lived through the Great Depression, writes the following in the November 26 issue of his newsletter, “Dow Theory Letters” …
‘… if the government wants to inflate in a time of deflation, and the dollar’s viability is under attack, the government could back the dollar with gold. The government could unilaterally raise the [...]
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My “G-20’s Secret Debt Solution” article last week set off quite the buzz all over the investment community, including on this blog. I was flooded with comments from readers.
While some think I’ve lost my mind, I do have history on my side (not to mention some distinguished company in my camp, including George Soros.)
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Gold demand is exploding higher … shouldn’t be a surprise. – Larry
RECORD DOLLAR DEMAND FOR GOLD AS WORLD LOOKS FOR HAVEN FROM TURMOIL
November 19, 2008 (WORLD GOLD COUNCIL) — Dollar demand for gold reached an all time quarterly record of US$32bn in the third quarter of 2008 as investors around the world sought refuge from [...]
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On Saturday, the Group of 20 countries (G-20) will gather in Washington, D.C. to discuss the financial markets and the global economy.
But if you think these meetings are only about designing short-term fixes to the financial system and regulatory reforms for banks, hedge funds, brokers, mortgage companies and investment banks … think again!
Behind [...]
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The IEA confirms what I’ve been saying all along: There isn’t enough oil supply on the planet to meet demand. And that’s not about to change anytime soon. A new oil supply crunch looms as oil companies have put the brakes on sorely needed investment to increase oil production to satisfy future demand and to offset the accelerating [...]
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China’s $585 billion spending package is equivalent to the U.S. spending nearly $3 trillion in fiscal stimulus. Massive? You bet it is! Inflationary? Absolutely! A boost to the entire global economy? YES! — Larry
China unveils stimulus package as growth slows Program will spend more than $585 billion to jump-start economy November 10, 2008 (MarketWatch) [...]
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Here’s some important news no one else is telling you: The Dow is now trading at the equivalent of the 2,500 level!
Yes, that’s right. In terms of “honest” money — gold — the Dow has already lost 77% of its value!
How can that be? It’s because the world no longer uses “honest” money [...]
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