The Fed has claimed that this is a "liquidity crisis." Really Ben? Then perhaps you can explain this?

Back in 2002, when his reputation as "The Man Who Saved the World" was at its peak, Alan Greenspan, former chairman of the Federal Reserve, came to Britain to pick up his knighthood. His biggest fan, Gordon Brown, now the prime minister, had ensured that the citation said it was being awarded for promoting "economic stability".

We are close to the end of the fourth year out of the five years of the second Central Bank Gold Agreement in which a ‘ceiling’ was placed on the sales of gold by the signatories to this agreement of 500 tonnes a year. This piece looks at the prospects for sales by these signatories in the final year of the agreement and the prospects of a third agreement, which would govern sales of gold in the ‘open’ market.

I had just gotten off the phone to find out why the silver I ordered last month has not arrived, and I get some runaround about how there is no silver to be had to fill my order. Naturally, being familiar with how the supply/demand dynamic works, I call the little clerk a lying piece of thieving garbage, because it is impossible that the market price of silver is going down in an environment of zero supply and obviously rising demand!

First, let’s define the key problem. The entire financial and productive economy of the world is leveraged roughly 60 to 1. In my article Credit Crisis II, we talked about how that developed as a gigantic world economic and financial bubble beginning about the end of WW2.

Yes, the precious metal has pulled back with other commodities. But the underlying trends still suggest it will climb to $1,000 and beyond.

Whether we like to admit it or not, the entire market for housing in the United States has been corrupted by government involvement. By subsidizing the availability of credit and by granting huge tax incentives to home speculators, the government helped f

A worldwide recession is coming. China, India, Brazil, and third world economies simply cannot pick up the slack for the US, UK, EU, and now New Zealand.

The first thing people usually consider when buying gold is its price, but unfortunately, they are grabbing the wrong end of the stick. Price is of secondary importance. To explain why, one has to examine the reasons for buying and holding gold.

Although regular silver coinage began at the Philadelphia Mint in October 1794, this metal had long played a key role in the American marketplace. As early as 1652 Massachusetts had produced silver coins from its mint in Boston but pressure from the Briti

My question to you is, what happens when Americans flee their currency, as the Vietnamese have? What happens when inflation isn't just an annoyance but becomes lifestyle-altering, as in Vietnam? What happens when the stock market continues to plunge and a

The Latin term “fiat” roughly translates to “there shall be”. When we refer to fiat money, we are referring to money that exists because the government declares it into existence. It is not based on production or earnings, and not backed by any

Communism was a public relations gift to the bankers. By diverting the dialogue to "controlled versus free markets" it obscured the bankers' real intent—to insert debt into every aspect of free markets. The bankers' overwhelming success however would de

Modern economics is not rocket science. In fact, it’s not science at all. It’s a game, a confidence game. Once paper passed for money, economics became an elaborate shell game designed to hide the fact paper had been substituted for silver and gold. D

What you are about to read is the single most important commentary I’ve written since I first began publishing The Grandich Letter in 1984. Every American should read it, and those who do will likely wish they hadn’t.