economic collapse

There is no horror that cannot occur in human society, once economic order collapses,” so says Jeff Nielson from Bullion Bulls Canada.
As the world prepares for economic life after the Dollar, Jeff and I examine the quantifiable data that proves Americans are living on borrowed time. There is absolutely no way the US Dollar can survive the mounting tsunami of debt accumulated by government spending that has been out of control for decades.
As the world prepares for the day of reckoning, most Americans are blissfully unaware of what’s coming.

Alasdair Macleod

Unemployment is the one statistic that one would have thought is easy to define: just total up the number of people on unemployment benefit and there’s your answer.
It is however much more complex, particularly in a large country like the United States, whose potential labor force is estimated to be 250,080,000 across all 50 states plus Washington DC.

Of this total 101,479,000 are not currently employed, a ratio of over 40%, and of these only 8,575,000 are deemed to be actually unemployed!

my-shorts-on-fire

Gold’s bottoming consolidation grind continues, with investment demand still garroted by sky-high world stock markets and the parabolic US dollar.  With investors missing in action, gold prices remain totally at the mercy of American futures speculators.  These perpetually-bearish traders are once again heavily short gold, which has led to sharp short-covering rallies in recent years.  The latest one has just started.

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An email  went “viral” in the precious metals community this week about a hedge fund which had allegedly purchased 10% of both CEF (Central Fund of Canada) and SBT (Silver Bullion Trust) and was trying to force a change to the Trusts’ charters to enable investors to redeem shares for bullion.  
Here’s the REAL STORY on the acquisition: 

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Our favorite Fed-basher, Jim Grant was back on CNBC’s Squawk Box for another brilliant interview discussing the fall-out from the Fed’s disastrous economic policies.  

“If companies can’t fail that means somebody else can’t start. You’re looking at a petrified forest rather than dynamic capitalism,
 
Behold “The fruit of heavy-handed government manipulation & price control no matter what ‘famous-blogger’ Ben Bernanke says

Grant’s leaves the CNBC shills nearly speachless once again:

GLD

Today, we had a huge addition of 1.79 tonnes of gold inventory at the GLD/  Gold Inventory rests at 736.08  tonnes.
In silver, we had no change in silver inventory at the SLV/ and thus the inventory tonight is 324.900 million oz.
We have a few important stories to bring to your attention today…

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The systematic destruction of the American way of life is happening all around us, and yet most people have no idea what is happening.
This is just the beginning.  When the next major economic crisis strikes, the suffering in this country is going to go to unprecedented levels.

China

The love trade in China and India has experienced astronomical growth in the past several years, as signs of wage price inflation in America are appearing.
These two events are highly supportive for gold prices. With all due respect, most of the amateur analysts still regularly drawing arrows to Pluto or Hades on their gold charts may need to take a large “chill pill”.
Here’s one reason why: