Iceland Volcanic Ash Drifts Toward U.K., Disrupts Air Traffic

| May 23, 2011

Ash covered small towns on Iceland’s southeast coast immediately following the eruption. On May 22 a dark cloud of ash reached Reykjavik, prompting city officials to warn people with asthma or other breathing disorders to stay indoors. “Everything is pitch-black,” Gudmundur Vignir Steinsson, a gas-station owner in Kirkjubaejarklaustur, about 75 kilometers from the volcano, said […]

Tornadoes Hit 16 Counties In Kansas Then Hits Southwest Missouri

| May 22, 2011

April set a new U.S. record with over 600 tornadoes breaking the old April record of 267 tornadoes in 1974.  The  monthly all time record of 542 tornadoes was set in May 2003 and was also broken in April 2011.  Clif High in a recent report (The Shape Of Things To Come) said to expect unusual hurricane force tornadoes […]

Q&A With Jim Grant Of Grants Interest Rate Observer

| May 22, 2011

One has to respect Jim Grant’s views….we couldn’t have said it better ourselves! From AP: A graduate of Indiana University, Grant, 64, was a Navy gunner’s mate before starting his journalism career at the Baltimore Sun in 1972. He then joined the financial weekly Barron’s before starting Grant’s Interest Rate Observer in 1983. As stocks […]

The Economic Cycle Research Institute (ECRI) Calls For A Global Slowdown By Summer

| May 21, 2011

Lakshman Achuthan, founder and managing director of the Economic Cycle Research Institute (ECRI), is calling for a slowdown in global economic growth by this summer. Based on our Long Leading Index of global industrial growth, we expect a downturn to start by summer. Beforehand, prominent shorter-leading indicators of industrial growth, like JoC-ECRI industrial commodity price […]

Falling Gas Demand

| May 12, 2011

Guess it’s starting to matter how much it costs to fill up all those old SUV’s still on the road……………….. U.S. demand for gasoline fell by the largest amount in seven weeks — a signal that consumers are conserving money as gas prices near a national average of $4 a gallon.

Jim Sinclair Interview Covering The World Economy And Gold

| April 20, 2011

An excellent review of the world economic picture and the future of Gold By Ron Hera April 15, 2011 ©2011 Hera Research, LLC The Hera Research Newsletter (HRN) is pleased to present an in-depth interview with Jim Sinclair, Chairman and CEO of Tanzanian Royalty Exploration and founder of Jim Sinclair’s MineSet, which hosts his gold commentary […]

A Gold Tipping Point….We’ll Know Soon Enough! Gold Is An Under Owned Investment….

| April 17, 2011

Hmm….The University of  Texas whose $19.9 billion in assets ranked it second only behind Harvard University’s endowment as of August, added about $500 million in gold investments to an existing stake last year, and took delivery of almost $1 billion in gold bullion….”storing the bars in a New York vault, according to the fund’s board.” said Bruce Zimmerman, […]

Fukushima Accident Assessment Officially Raised To Maximum Level 7

| April 11, 2011

Just for the record…..level 7!  And now we are getting unconfirmed reports that radiation content in Hawaii milk is orders of magnitude greater than Federal Drinking water limits. While one can bicker over the exact number, it is certain that as long as Fukushima continues to billow radioactive smoke, steam and/or water, cumulative radiation levels, both […]

Wal-Mart CEO To America: “Prepare For Serious Inflation”

| March 31, 2011

Wait a minute, hasn’t the government been saying inflation wouldn’t be a problem?   Yes, they have… it won’t be the first time that they’ve lied to us.  Food shortages are coming this summer……along with serious price increases.  U.S. consumers face “serious” inflation in the months ahead for clothing, food and other products, the head of Wal-Mart’s U.S. operations warned […]

U.S. Cost Of Living Costs Hit A New Record High

| March 17, 2011

So what happened to deflation…..ah, it’s deflation for the old folks on social security, no cost of living raises for them….but there is inflation for our esteemed congress, so of course they voted themselves an inflationary raise!  It’s pretty basic politics, come to think of it! A special index created by the Labor Department to […]

Update: Some Added Thoughts On Japan

| March 15, 2011

Some more thoughts on Japan….we are told, (hopefully correctly), that this is more of a repeat of a Three Mile Island situation where half the fuel rods melted, than Chernobyl where they all did.  And…Small amounts of low radiation cesium and iodine have already been released, which should be measurable on American roof tops in about ten […]

Bulk Of Libyan Oil Infrastructure Now In Rebel Hands…Libyan Oil Trade Threatens European Economies

| March 8, 2011

Reuters reports that European oil imports are about to get tough, making life for Italy, which is most reliant on Libyan oil, quite complicated: Libyan oil trade has been paralysed as banks decline to clear payments in dollars due to U.S. sanctions, trading sources told Reuters on Tuesday. The move follows a decision by major […]

Here In Lies The Problem….Anyone Care To Guess Where The Wars Will Be Fought Over This?

| March 6, 2011

World Food Prices Increase To A Record

| March 3, 2011

Guess Ben Bernanke has been looking at the wrong picture with his “inflation isn’t a problem” rant!  The picture above looks pretty darn clear to us. Global food prices rose to a record in February and grain costs may continue to rise in the next several months, with only rice keeping the world from a repeat […]

Marc Faber Interviewed By The McAlvany Financial Group

| February 27, 2011

Everything the government is doing involves a rig job of one kind or another and it’s unmatched in history.  Real estate and equity markets are not standing on there own, they are all being supported by the government either directly or indirectly…..and there in lies the problem.  Here are some key extracts from the Marc Faber interview by The […]

OECD (Organization for Economic Cooperation and Development) Says Real Worldwide Demand Driving Commodity Prices

| February 27, 2011

From The Wall Street Journal….this is why commodity prices continue to go higher! WASHINGTON—A report being prepared for the world’s Group of 20 leading economies indicates the main factor behind rising prices for wheat, sugar, cotton, metals, oil and other commodities isn’t speculators, as some have suggested, but that the global demand to consume these goods […]

Surging Gasoline Prices And How It Will Effect You

| February 25, 2011

A quick look at this chart tells it all! Yes, gasoline prices do effect the economy. Courtesy of John Lohman

Warning: Get Ready For A ‘Global Katrina’…. Biggest Ever Solar Storm Could Cause Power Cuts Which Last For MONTHS

| February 21, 2011

Earth is overdue a massive solar storm as the sun enters its most active period…..We’ve been talking about this for a while.   Heads up everybody…..Have cash on hand and 30-60 days of food, water, toilet goods etc, and lots of flash lights and batteries and keep your car gas tank at least half full at […]

Bernanke: I’ll Say It One More Time, Inflation Is Not A Problem (Currently)!

| February 17, 2011

Uh, Ok Chief…..What ever you say.  Here’s a list of things that are not, repeat…are not a problem.    Our math must be a little sideways though, because just looking at the figures below seem to indicate that we (currently) look to have a BIG problem.     January 2009 TODAY % chg Source Avg. […]

Cumberland Advisors: Khamsin

| February 17, 2011

We’ve been talking about this for a while….Rapidly rising food prices triggered the latest round of civil disorder around the world, as it did the first round during 2008.  The picture may get bleaker over the next few years. Cumberland Advisors Khamsin February, 17, 2011 “This is not just a warm wind, but a dust-laden, suffocating […]

Algeria Next Up?

| February 14, 2011

Will the growing vacuum in power be filled by the Brotherhood? That’s the big risk here! Algeria shuts down internet and Facebook as protest mounts……. Internet providers were shut down and Facebook accounts deleted across Algeria on Saturday as thousands of pro-democracy demonstrators were arrested in violent street demonstrations. By Nabila Ramdani Plastic bullets and […]

The U.S. CPI Looks Like A Rig Job Here….We Think A New Formula Might Be In Order

| February 11, 2011

Look at the chart below, who is that at the far end with the smallest food component percentage in the overall CPI….Yep, good old Uncle Sam.  Here we go again, looks like the same dumb bozos that put together our budget deficits,  must have designed the current CPI formula!  Math 101 should be a requirement for […]

Pimco’s El El-Erian… U.S. In Denial Of The New Normal

| February 8, 2011

The following is part of an interview of Pimco’s El-Erain by Germany’s SPIEGEL . Here are a few of his key points…… In 2006 we undertook a very comprehensive U.S. housing study and we said this housing market is very unstable and investors should reduce their exposure and manage risk better. Nothing happened in 2006, and nothing happened […]

The Suez Canal, Egypt

| February 8, 2011

The Suez Canal is a global chokepoint and passage for goods in todays world.  What that means is….. news of Suez Canal workers going on strike won’t help the situation in Egypt or the World for that matter!. Nomura has a great map showing just exactly what that means.  This map shows it’s  the dominant route for goods from Asia […]

World Oil Reserve Rankings

| February 7, 2011

Canada is #2

Cyclone Yasi Devastates Australian Crops

| February 6, 2011

World commodity supplies will by the time summer is over, be called world commodity shortages!  We are likely (barring a miracle) going to see a dynamic increase in food prices across the board.  Let’s hope that the U.S. Midwest snow cover melts in a slow ordinary way….if not, we’ll have floods and crop damages here too.  Not what a world […]

Australia’s Cyclone Yasi Will Have An Impact On Commodities And Economies Worldwide

| February 2, 2011

Australia’s cyclone Yasi is one of history’s worst…and will have impacts on commodities worldwide!  This will be a tough summer for inflation which the U.S. government says we don’t have!

Commodities On A Tear…But, The U.S. Government Says Nope, “No Inflation”

| February 2, 2011

Commodities are now setting new records almost daily.  Where the stock markets still have some catching up to do, commodities are exploring new high territory. More at:

Florida Judge Rules New Healthcare Law Unconstitutional

| January 31, 2011

Here we go….things are going to get real interesting with the new healthcare law.  A federal judge ruled that Congress violated the Constitution by requiring Americans to purchase health insurance in the new health overhaul, and said the entire law “must be declared void.” In ruling against President Obama‘s health care law, federal Judge Roger Vinson used Mr. […]

Eric Sprott On The Tape With What Sounds Like An Outlandish Prediction…The Only Problem Is Eric Sprott Does A Lot Of Market Related Homework, Manages $8 Billion Dollars And Doesn’t Have A History Of Being A “Pie In The Sky” Kind Of Guy!

| January 28, 2011

Remember…..we’re just the messenger here, this isn’t our prediction! Eric Sprott of Sprott Asset Management with $8 B as in billion dollars in money under management, has an unbelievable interview with Eric King of King World News.  Eric says that Gold (currently $1338.40/ounce) could be $2,150 and Silver (currently $28.01/ounce) $50.00 by spring….sounds hard to believe, unless the Dollar collapses […]

Rising Price Pressures Spur World Wide Inflation Concerns

| January 27, 2011

Hey, what about us here in the USA, Uncle Sam says nope, no inflation here, you on social security get no cost of living raise….but our good buddies in Congress, well that’s another story. Inflation is one of the issues on the agenda in Davos, as the prices of food and other commodities rise, reducing […]

Say What….How Much Did You Say That Nickel Was Worth?

| January 26, 2011

Yep, a nickel is worth 6.8 cents in metal value or 36% more then the $.05 it represents in spendable value! Yes, it’s true; the value of a nickel is soaring, even as the value of a dollar is slumping. That’s because every nickel that rolls out of the U.S. Mint contains about 3.75 grams of […]

We’re In Deep Demographic Poop, With No Help As Far As The Eye Can See!

| January 24, 2011

It’s hard to have substantial economic growth when you don’t have population growth.  So, real estate will have a hard time bouncing very far, and the same goes for other asset classes that the U.S.Fed has artificially stimulated like stocks and commdities for an example!

An Economic System On Steroids!

| January 20, 2011

A chart is worth a thousand words, or a couple hundred billion in real, incremental dollars.  This is why things have been getting (slightly) better of late, but when it ends…not if, look out below.  2012-2014 look to be very tough years, if we survive the end of the Mayan Calender (Dec 21,2012) that is!

Inflation………Got Ya! But Uncle Sam Says Trust Us, There Is No Inflation….Hmm, Have They Earned Our Trust? Sort Of Like “There Is No Housing Bubble” or The “Suprime Problem Is Contained” Back In 2007, Didn’t Turn Out So Well, Did It!

| January 18, 2011

This morning, we see Britain’s consumer price index grew in December to an annualized 3.7%. Fuel prices are growing at their fastest pace since July, and food prices are rolling at a rate last seen in May 2009. Like the U.S. Federal Reserve, the Bank of England has an inflation “sweet spot” of 2%. But Britain’s […]

California’s ‘Big One’ Could Be A Flood….Says USGS (U.S. Geological Survey)

| January 14, 2011

This may happen, but one would think it is more likely to be the by product of a devastating earthquake.  California has more risk of catastrophic storms than any other region in the country – even the Southern hurricane states, according to a new study released Thursday. The two-year study by the U.S. Geological Survey is the most […]

Uncle Sam Says Read My Lips, This Doesn’t Count Toward Inflation

| January 14, 2011

The FAO (Food and Agriculture Organization of the United nations) said its food price index jumped 32 percent in the second half of 2010, soaring past the previous record set in 2008. Strained by rising demand and battered by bad weather, the global food supply chain is stretched to the limit, sending prices soaring and […]

Commodity Food Grain Prices Roaring On Grain Crop Outlook Data

| January 12, 2011

We’ve been talking about this, it’s called food inflation and it’s about to get out of hand over the next year because of adverse weather……Grain prices soared after the USDA made a deep cut in its outlook for global supplies. 

Well…This Is A Deep Subject, No Pun Intended!

| January 11, 2011

Rising food inflation sparked violence across the Middle East and South Asia over the weekend.  Why?…. Demonstrators were protesting the high cost of staple commodities like sugar, rice and milk.   The outbursts have triggered fears that the world is due for a revisit of the 2008 food protests that rocked many countries. Food prices are now […]

Virginia Creates Subcommittee To Study Monetary Alternatives In Case Of Terminal Fed “Breakdown”, Considers Gold As Option

| January 10, 2011

If this is plan B, inquiring minds wonder what plan C would look like! In what may one day be heralded as the formal proposal that proverbially started it all, the Commonwealth of Virginia introduced House Resolution No. 557 to establish a joint subcommittee to “to study whether the Commonwealth should adopt a currency to […]

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