US, world headed for 25 year depression: Jim Rickards

US, world headed for 25 year depression: Jim Rickards

“When I use the phrase 25 year depression, it sounds extreme but it’s not. We had a 30 year depression in the United States from about 1870 to 1900…The Great Depression lasted from about 1929 to 1940. The U.S. is in a depression today.” Well, it's been in the works for

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Canadian banking haven myth exposed

Canadian banking haven myth exposed

"One of the reasons that Canadians (and international commentators, other finance ministers and global financial institutions) buy this Canadian banking fairy tale is the way the government accounts for the money borrowed to support the banks." The sorry spectacle of Conservat

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Get rid of your mortgage, loans, because interest rates set to rise

Get rid of your mortgage, loans, because interest rates set to rise

Get rid of your loans, guys and gals, because we are going into a high interest rate period. Very high. It will be the equivalent of going into the double digit interest rates we had in the 80s where many people threw their house keys at the bank and we had record numbers of ba

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E-cigarettes save lives, money

E-cigarettes save lives, money

"We know that cigarettes have thousands of chemicals in them and we know that they are killing us. They have been for over a hundred years. So now, the e-cig industry comes along with only one or two chemicals in their mixture and people are freaking out over these as well. Whe

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US inches closer to big bank charges

US inches closer to big bank charges

Federal prosecutors are nearing criminal charges against some of the world’s biggest banks, according to lawyers briefed on the matter, a development that could produce the first guilty plea from a major bank in more than two decades. In doing so, prosecutors are confronting

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Canada’s home sales top predictions; why a real estate crash is inevitable

Canada’s home sales top predictions; why a real estate crash is inevitable

“The assurance of relatively low borrowing costs has likely given home buyers confidence while rising home values have kept new listings at a healthy level. Stable employment has provided some assurance to owners and buyers alike.” Our website is back after many months of

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Comparing today’s recession/depression to the 1980 recession

Comparing today's recession/depression to the 1980 recession

"Much like today, Americans were concerned not only with high unemployment but increasing budget deficits in the early 1980s. A September 1983 Gallup poll found that three-fourths of the public agreed that the federal government's budget deficit was a great threat (42%) or some

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Why savers are getting screwed

Why savers are getting screwed

"Without the intervention of economic policymakers, interest rates would be naturally higher. That would increase the cost of borrowing for businesses and consumers, but there would be some offsetting economic benefits. Savers are getting screwed by the current monetary policy

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Geithner admits USA bankrupt to US Senate

Geithner admits USA bankrupt to US Senate

"Never in our history has Congress failed to increase the debt limit when necessary. Failure to raise the limit would precipitate a default by the United States. Default would effectively impose a significant and long-lasting tax on all Americans and all American businesses

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World economies on verge of currency revaluations to deal with debt

World economies on verge of currency revaluations to deal with debt

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford Basically what the world central banks are doing is increasing their money by devaluin

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Is Obama the next Mugabe of Zimbabwe?

Is Obama the next Mugabe of Zimbabwe?

"America, Britain, Japan, Germany, France, Sweden, Holland, Norway, Canada and Australia make up the Fishmongers Group and their meeting on Tuesday will deliberate on the state of the inclusive government, debt relief, public finance administration and the controversial economi

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US raiding foreign countries with dollars, not soldiers

US raiding foreign countries with dollars, not soldiers

""The United States is going to China and saying: we want you to commit economic suicide, just like Japan did. We want you to follow the same thing: we want you to revalue your currency, we want you to squeeze your companies, we want you to go bankrupt,” says Michael Hudson,

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Content By: The Coming Depression Editorial Staff (dates cited below)
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gold pills

Gold is the money of Monarchs…Silver is the money of gentlemen…
Barter is the money of peasants…Debt is the money of slaves…

Do the math and the IMF is selling 15% of 2800 tons. This is like investing $ 1,000 in a stock when it goes up 15% you take 15% to cut your investment costs to 85%.

It is simple math that the U.S. total personal and public debt is 350% of GDP, and there is no hope for the green U.S. dollar as it is dampening its grip on the world currency. Commodities traded in U.S. dollars will increase as the multiple of the currency is exchanged goes up.

The United States may not raise interest rates for five years at least ten fold. A total collapse of the U.S. economy would happen if interest rates were to rise. They could not raise enough to counteract the negative effects of a weak dollar. Or purchasing power of the dollar’s rise would not be sufficient to pull the economy that has been used for a high dollar for 30 years. Just look at Japan, which has and had its interest rates at or near zero for ten years. The lost decade of the U.S. dollar is near.

However, the good times ahead for countries that debt / GDP ratio is better. If they try to keep the United States to keep their money down to trade, there will be plenty of money to spend on the public. Therefore, in Canada, politicians are fighting so much. They want their name on the checks and be able to spend that money on their credit and take precedence.

Obama’s feeble dollar sparks a new goldrush

Irwin Stelzer Times Online November 22, 2009

Visitors to America might have noticed the television ads urging us to buy gold. One such “spokesman”, formerly in charge of managing the government’s hoard of the yellow stuff, including the ingots buried at Fort Knox, points out that the value of gold has never fallen to zero. Why investors are expected to find such a modest claim reassuring I can’t imagine. But something is persuading people to buy gold, driving the price to and past $1,100 per ounce, from about $270 at the beginning of this decade, and around $700 when the financial crisis first hit.

This is not mere panic buying by a herd of small investors trying to benefit from what is called a momentum play. John Paulson (no relation to Hank), the investor who made $20 billion for his hedge fund between 2007 and 2009 by betting on a collapse of the financial and housing markets, is betting on gold in a big way. Paulson & Co already holds $3 billion in gold-related investments (including AngloGold Ashanti and Kinross Gold), and Paulson has just seeded a new gold-related fund with some $250m of his own funds. His modest objective: appreciation at a rate higher than the increase in the price of gold itself.

You can read the rest of this article at Times Online

Today we’re looking at the dollar index and some important elements that analysts see building in this market and want to bring to your attention. In this short video we outline the key areas to watch for and one important component that you may not have seen. We think this factor could, in fact, be a short term game changer for this market.

The great fools’ gold rush

Tom Rawstorne, Daily Mail 22 November 2009

A suburban street in the heart of Essex and a dozen women are gearing themselves up for a night of fun. The rosé wine is flowing, the nibbles are on the table — Tesco’s Chinese chicken wings, Pringles and dips — and the air is heavy with perfume.

But not all is as might be imagined. Sure, the guests are suitably dressed up, but, given the geographical location, they’re surprisingly light on the bling.

And the reason soon becomes apparent. Instead of wearing their jewellery, the women attending this soiree are actually here to flog it. Forget Tupperware parties, this is the frontline of a very modern gold rush.

In the corner of the room sits Loellie, an attractive twentysomething woman armed with impossibly high heels and a set of minutely accurate electronic weighing scales.

A guest called Julie approaches and hands over a small bag containing a gold charm bracelet, a few rings and some odd earrings.

‘I lost most of my significant jewellery in a house burglary a few years back,’ she says. ‘These are just odd pieces I have that I no longer wear.’

Loellie examines the items with a magnifying glass, weighs them and then divides them into different piles according to purity: nine, 18 and 20-carat. She then offers to buy the lot for £221.

Julie is delighted and accepts a cheque there and then.

‘It’s fantastic,’ she says. ‘I haven’t worn any of this stuff for years, and now I’ve got a cheque for more than £200. I am going to put it towards decorating the front room in time for Christmas.’

Julie is not alone. Up and down Britain similar parties are being held every night of the week. The reason is simple. Bullion prices have risen to an all-time high just when the man and woman on the street is more desperate than ever for cash.

Related posts:

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  2. Gold prices hit new high; estimated high of $50,000 per ounce“Gold futures rallied to a record over $1,380 an ounce Thursday, and silver futures rocketed more than 6%, after investors piled into precious metals as a hedge against the sinking...
  3. Analyst Predicts Gold Will hit $5000Several well respected analysts such as Peter Schiff and Goldcorp founder Rob McEwan recently told news outlets that gold would reach between $3000 to $5000 per ounce. Is this really...
  4. Utah Considers Return to Gold, Silver Coins amid failure of US dollar“”People sense that in the era of quantitative easing and zero interest rates, something has gone haywire with our monetary policy. But people are afraid to say it,” said Bell....
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  6. Gold: Expensive or Cheap, it's RareGold: Expensive or Cheap, it’s Rare (World’s Gold fills 2 Pools & the New World Order, Explained) Silver Stock Report by Jason Hommel, November 19th, 2009 The best witty observation...

This entry was posted on Monday, November 23rd, 2009 at 11:57 am and is filed under Survival Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Comments

  1. January 3, 2010 @ 3:10 am


    i dont know if this is against or for this article but:

    imagine it this way:

    the U.S.A. is, lets say, 1.3 trillion dollars in debt (or whatever it is). It doesn’t matter how much the U.S.A. is in debt, they don’t produce enough currency to make up for their own debt. the weird thing is, an american citizen can buy an ounce of silver or gold for the spot price using their own currency which is really worth nothing, but if the world economy collapses, that same american citizen will have their ounce of silver or gold that they bought with that failed dollar, and now the gold or silver is worth something

    Posted by Brian
  2. July 10, 2010 @ 4:35 am


    Think of it this way, when the average everyday person has no job and no prospects of one, those who are holding precious metals will still have something they can trade with. This is why I recommend using fractional coins for silver and gold where possible, and being careful with allocation. 60-75% of your value should be gold and 25-40% should be silver, depending on what you can afford and when.

    The next 1-2 years of deflation is but a lock, and the value of the USD will appreciate in the short term. However, once the USD index has risen to a point, and deflation has run it’s course, the price of precious metals will begin to rise at an unprecedented pace. The reason is dead simple – there are too many people with money that will become effectively worthless because the government will just print money to inflate itself out of debt. Don’t kid yourself that this can’t happen. It happened in Wiemar Germany in the 1920s if anyone is still alive to remember that. And it all happened over a month timeframe. Imagine what can happen in today’s modern world. Holy shit, it could happen overnight – LITERALLY.

    Posted by Ben

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