Global Market Commentary, Analysis and Investments
Charts from contraryinvestor.com show that, as of right now, there is going to be almost $1.8 trillion in US Treasury debt maturing this year, and all of it will need to be “rolled over” by issuing new debt.
Perhaps it is also instructive that they also note that “Just shy of 50% of UST debt ‘rolls’ within three years.”
[Read more...]I was intrigued by an essay titled “What You Need to Know About Buying Silver Today”‘ which came as the result of Jeff Clark, of Big Gold, being interviewed by The Daily Crux.
Of course, Mr. Clark knows all the reasons to buy silver, and deftly ticks them off, one after another, as I would do if they ever asked me, instead of everyone always rudely shouting at me, “Hey! You can’t come in here!” and “Don’t eat that!” and, “Stop yelling at me to buy gold, silver and oil stocks as protection against the suicidal lunacy of the Federal Reserve creating so much money!”
[Read more...]It is certainly old news around here that terrifying inflation in prices, thanks to the monstrous inflation in the money supply caused by the Federal Reserve creating So Freaking Much Money (SFMM) for the last few decades, has caused me to venture to that dangerous precipice between being merely weird and obnoxious, to being a raving lunatic screaming from the rooftop “We’re freaking doomed!”
[Read more...]I am standing on the corner of the street, doing my duty to “give back? to society, in this case by yelling at morons passing by in the cars, “We're freaking doomed, you moron! Your own stupid government has destroyed you by letting the foul, fetid, festering Federal Reserve create too much money that they stupidly, stupidly, stupidly did as part of the stupid neo-Keynesian econometric theoretical lunacy that has mesmerized them, so that a shiny computer in front of a neo-Keynesian econometric economist is like a shiny toy in front of a monkey, and which has mesmerized the Fed and the government for similar reasons, and with similar results, in that the toy is now broken, the monkey cut its hand on the broken toy, the cut is infected, and there is a good chance that the monkey will die a horrible, painful death! Hahaha! How do you like them apples? Horrible, painful death! We're freaking doomed, including you and your hotshot car with the radio turned up real loud, trying to drown me out! And stop honking at me! I have rights, you moron!?
[Read more...]Most people have never heard of the invisible hand of the market, which is the surprising result of everyone working to get money with which to satisfy their own selfish interests, and it ends up benefiting everybody, a result that is so glorious that it seems that things are being guided by some invisible hand.
[Read more...]The Conference Boards Leading Economic Index for the US declined 0.1% in April, which was not too bad, especially since it followed a 1.3% gain in March, which is not to mention a 0.4% rise in February.
This is, being that it is the Leading Economic Index and is supposed to forecast the future six to nine months out, not very good news, although the Coincident Index (a measure of current economic conditions) was up a paltry 0.3% in April, following a negligible 0.1 percent increase in March, and a 0.1% increase in February, which kind of zero each other out.
[Read more...]Greece seems to be on everyones mind, probably because Greece is just the first to suffer from the governmental stupidity of bankrupting themselves trying to borrow themselves into prosperity, which is just a microcosm of the whole stinking EU area, which has similarly been ruined by socialist morons doing the Exact Same Thing (EST), thanks to that laughable leftist idiot Trichet, head of the European Central Bank, creating all the money that made such profligacy possible, and somebody ought to volunteer to go over there and slap the hell out of him and all his nasty little half-witted buddies until they get some smarts.
[Read more...]I spend a lot of time worrying about how Were freaking doomed! and thus I spend a lot of time crying in fear and occasionally screaming in outrage, a fact that has gotten me thrown out of a lot of bars, and which has not made me any new friends, either, which Suits Me Fine (SMF), actually, since everybody I meet seems to be a moron who cannot see the wisdom of buying gold, silver and oil to protect themselves against the ruinous inflation in prices that will follow the Federal Reserves creating So Freaking Much Money (SFMM) and all the rest of the worlds banks creating SFMM and all of the worlds governments (except Norway, Saudi Arabia and Hong Kong) deficit-spending their little pea-brains out.
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Buying Gold on the Price Inflation Guarantee
At my age, I have pretty much figured out that people don’t like me because they fear me.
I don’t know why, exactly, but perhaps they fear me because I am a cynical, paranoid, gold-bug old man who thinks that the Federal Reserve has turned into an evil institution by creating So Freaking Much Money (SFMM), now so that it can commit the sin of monetizing new government debt by the truckload, increasing the money supply and guaranteeing a roaring inflation that hurts the poor, and hurts the almost-poor, and hurts the not-quite-poor, and (now that I think about it) it hurts everybody, which hurts me personally because they come whining to me to give them some of MY money!
[Read more...]