(Editor's note: the article that follows is a very sobering account of the effect that the collapse of the Argentine economy (1999 - 2002) had on its citizens, as seen through the eyes of one of them. The economic collapse wiped out the middle class and raised the level of poverty to 57.5%. Central to the collapse was the implementation of neo-liberal policies which enabled the swindle of billions of dollars by foreign banks and corporations. Many of Argentina's assets and resources were … [Read more...]

I am not an expert or a scholar or an activist. I am more of an eye-witness. I watched the Soviet Union collapse, and I have tried to put my observations into a concise message. I will leave it up to you to decide just how urgent a message it is. Click here to read article … [Read more...]

In Part 1 of this series on Puncturing Deflation Myths, we reviewed three logical fallacies, and showed why the US Great Depression didn’t prove the case for monetary deflation, but rather provided historical proof of how a sufficiently determined government could break monetary deflation at will, even in the midst of depression. Click here to read full article. … [Read more...]

In Part 1 of this series on Puncturing Deflation Myths, we reviewed three logical fallacies, and showed why the US Great Depression didn’t prove the case for monetary deflation, but rather provided historical proof of how a sufficiently determined government could break monetary deflation at will, even in the midst of depression. Click here to read full article. … [Read more...]

Although we are anticipating another great depression we want to emphasise that we are NOT anticipating a replay of the 1930s. We are anticipating a drawn-out period of economic contraction, but the details will almost certainly differ markedly from previous depressions. One of the most important differences between the coming -- actually, "current" is a more appropriate word since it has probably already begun -- great depression and the 1930-1945 episode is that today's version is … [Read more...]

In uncertain times like these, we feel that owning physical Gold and Silver is an absolute must for profit and wealth preservation in the future. Choosing the right precious metals dealer is every bit as important as making the initial decision to own metals. We hope this helps you to understand how to best go about finding the right dealer and, most importantly, realizing your own individual goals and objectives in regards to Gold and Silver ownership. Click here to read full … [Read more...]

By Michael Pakko For the fiscal year 2008, the federal government’s deficit totaled $455 billion, the largest ever for a single year. In the final days of the fiscal year, which ended Sept. 30, the total federal debt rose above $10 trillion for the first time. Forecasts for 2009 anticipate an even larger deficit.[1] As a new president and Congress take office, government deficits and the public debt will undoubtedly be a factor in economic policy discussions, especially in light of … [Read more...]

by Addison Wiggin The ultimate dollar hedge investment will always be gold. Investing in gold through ownership of the metal itself, mutual funds, or gold mining stock provides the most direct counter to the dollar. As the dollar falls, gold will inevitably rise. In a moment, we’ll provide you with many ways for positioning your portfolio to profit from a bull market in gold. For now, we emphasize the high probability of gold’s future. The real potential for profits in the coming … [Read more...]

by Rich Toscano & John Simon The modern-day monetary system employed in the United States is based on currency that can be created at the bureaucratic touch of a button. In charge of that button is a group of people with a firmly entrenched belief that deflation is the worst of all possible monetary outcomes. We believe that this state of affairs is simply incompatible with the existence of the type of protracted "deflationary spiral" about which it has become all the rage to … [Read more...]

by Mike Hewitt Paper Money in Asia The first well-documented widespread use of paper money was in China during the Tang (618-907 A.D.) dynasty around 800 A.D.1 Paper money spread to the city of Tabriz, Persia in 1294 and to parts of India and Japan between 1319 to 1331. However, its use was very short-lived in these regions. In Persia, the merchants refused to recognize the new money, thus bringing trade to a standstill. By 1455, after over 600 years, the Chinese abandoned paper … [Read more...]