Economic Collapse

A smart investor with influence spreads one rumor and does the opposite - that’s how markets are played. Like when Nathan Mayer Rothschild took control of the London Stock Exchange in 1815 when he had prior knowledge of the defeat of Napoleon. Here is Max Keiser on George Soros now infamouse statement that “Gold is the ultimate bubble”. Soros has since that statement at Davos doubled his gold holdings.

Great interview with Marc Faber. FT.com really lets Faber talk in this 4-part interview giving him the chance to go into more depth than he is usually allowed to in F-TV interviews.
Video on FT.com

Gold has reached a new high in terms of Euros. Or, to put it more correctly: The Euros purchasing power falls to a new record low in terms of gold. Remember, gold is not rising, fiat paper currencies are falling.

James Turk puts it this way:

Here’s my point. We live in a world of floating currencies that bob up-and-down against each other as a consequence of what central banks in each country might be doing at any given time. But all national currencies are sinking against gold.

Read his commentary on this event here.

Great interview with John Embry. He really makes the case for gold. As he puts it the question isn’t how high gold can go but how low fiat paper can fall:
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/2/6_John_Embry.html

- “You should be in wealth-protection mode, not in trading mode”
John Williams

Very good audio interview with John Williams of Shadowstats.com released today. Listen carefully:
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/2/6_John_Williams.html

Here is a good summery of the financial collapse. This TED-talk is held in Tallinn, Estonia, by Alar Tamming. He is the Chairman of the Supervisory Board at Tavid/Tavex, a gold bullion dealer operating in Estonia, Latvia, Finland and Sweden. He is also an Estonian and he should know a thing or two about what happens when fractional reserve banking runs amok. The crisis in Estonia, caused by wreck-less lending by Swedish banks, is far worse than in many other countries in Europe. Personally, as my readers know, I keep as little of my money as I can in fiat paper and on deposit at the bank, and as much as I can in real money - gold. As a customer at Tavid/Tavex I can recommend them for all your gold bullion needs.

TEDxTallinn: Alar Tamming / English subtitles from Tedsterid on Vimeo.

Disclosure: I receive no income of any kind recommending Tavid/Tavex.

As many of you know Peter Schiff is now running for Senator in the State of Connecticut. Schiff is an American economist of the Austrian School, author, commentator and popular video blogger who regularly appears in the role of a bearish pundit on numerous financial news networks. He predicted the Dotcom crash of 2000 and the Housing crisis of 2007/2008 and like the author of this blog he belives that the US Dollar is heading for hyperinflation. He is a licensed stock broker, the president of Euro Pacific Capital with a 100 employees who successfully protect their clients wealth by moving out of the US dollar and into real money such as gold etc.

If you want a crash course in the problems with the US economy, watch this. A good hour well spent with a lot of information and humor. Enjoy.

Disclosure: I have no vested interest in Euro Pacific Capital nor do I receive any payment for writing this.

Agora Financial, LLC & The Daily Reckoning interview with Marc Faber:
http://bitcast-a.v1.iad1.bitgravity.com/agorafinancial/DR/faber/indexAF.html

One of the best reads on Keynesianism vs The Austrian School of Economics, Slavery vs Liberty, Fiat paper vs Real Money, that I’ve come across in a long time: http://www.goldensextant.com/RKLSage.html#anchor1404
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