Jim Rogers on Bloomberg (his take on commodities)

Farmer's will drive Lamborghini & Stock brokers will drive Taxi's

iShares Silver Trust (SLV) scam exposed

Everyone should know this info about the SLV (and GLD)! 

To trust a banker is like trusting the devil. Owning physical is the only way to go now. The GLD and SLV are insurance policies securing a lifeboat on the Titanic, but if it hits an iceberg then the insurance becomes payable in cash. SLV has several loopholes, here they are..... 

The Reason Why It's Not A Recovery But Another Scam

The MADNESS of a Lost Society: Final Warnings

Richard Russell: Gold is the Safest Currency

Richard Russell, the man behind Dow Theory Letters talks about the depreciation of the dollar and why he feels safe holding Gold, at the Casey Research Gold and Resource Summit. In the 70s-80s what was driving the gold market was the fear of inflation. Today its the fear of the collapse of the dollar.

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Robert Kiyosaki: "Silver is the biggest sleeper of all"

Why Developments in Bahrain is more important than Libya

Analyst Kamran Bokhari explains why the outcome of government-opposition negotiations in Bahrain is geopolitically more significant than the turmoil in Libya.

Read more: Dispatch: Why the Outcome of Bahrain's Unrest Matters | STRATFOR 

Taipan Daily Special Report: Libya Is No Egypt

by Ryan Cole, Contributing Editor, Taipan Daily

In a far more destabilizing move, the oil-producing nation is descending into civil war and chaos.

When Egypt's protests were happening, we called for calm. There's no oil in Egypt, we said. The army isn't firing on anyone, we said. The Suez Canal is operating as normal. Mubarak was eventually forced to step down, and oil prices immediately eased, while developing market values saw a quick uptick. Libya is not Egypt. And this escalating civil war is an entirely different situation.

For one, Libya is a major oil-producing nation. It holds about 3% of the world's proven reserves, and pumps out over a million barrels of oil a day.

For another, this struggle has already turned bloody. Gaddafi has (allegedly) ordered his army to fire on crowds of protesters, killing scores. Local police and army forces have clashed -- with the army backing down. Anti-government protesters have taken over large swaths of the country -- including the oil-rich east, and the country's second-largest city, Benghazi.

What's more, there is dissent in the ranks. Gaddafi's ambassador to the U.S. has officially washed his hands of the dictator, and called for him to step down. An army official -- of unknown rank and division -- has called for the military to refuse to support Gaddafi, and sign a petition to that effect.

Libya's deputy head of its U.N. delegation has called for Gaddafi's ouster, saying the military strongman has declared genocide upon his own people. What's more, the deputy head has asked for Libya to be declared a no-fly zone, to prevent mercenaries from being shuttled in, and to stop Libya's air force from bombing the country.

Two Libyan pilots have defected to Malta, claiming political asylum after refusing to bomb Benghazi.

Gaddafi, meanwhile, has appeared on TV declaring his intention to remain in Tripoli, and die a martyr if need be. At the same time, anti-government forces now hold most of Libya's oil fields, and are threatening to disrupt production if Gaddafi isn't removed.

A Dangerous Time to Be in the Middle East

At this point, the best-case scenario is a quick end to Gaddafi's rule -- either with the dictator fleeing the country or losing the support of his army. The worst-case is a prolonged civil war -- which, at this point, appears almost inevitable.

Further complicating matters -- Libya has only been a unified nation under Gaddafi. During Italian colonial rule, it was three separate entities, each ruled autonomously by clans or other groups of geographic affiliation. Without Gaddafi, there is a fair chance Libya will again splinter, much like Yugoslavia did after the fall of Tito.

With the oil fields already under control of the rebels -- who themselves are backed by Libya's largest clan, the Warfala tribe -- disruptions in supply are almost assured if these clashes drag on longer.

What's more, the emerging politics of a new Libya are up for debate. Egypt has very clearly been moving toward a democratic revolution. Libya may well descend into a mess of clan allegiances and local strongmen.

In short, Libya is an unpredictable quagmire, with no clear path toward stability. It also bears more in common with other military regimes in the area than Egypt did; Libya's fall could easily spark intensified revolts farther afield.

This is no Egypt. Watch out for skyrocketing oil prices -- and this time, they might not come back down. Not for a while -- certainly not if pipelines get disrupted. This might be the beginning of a big shift in the Middle East. For now, we should hold our breath, hold our money and see what happens.

Gerald Celente: Comments on The Global Ponzi Scheme

Gerald Celente: It's all about money, what's happening in the middle east and north Africa is the same old story.  This revolution is going to spread to Europe and America, it is going to be twittered, face-booked, youtubed and telivised. This is a neo feudalism, only the elite do not seem to understand that the people are awake.  

This game is gonna end this global Ponzi scheme is going to fall down, you have ten banks owning most of the economy. It's the merger of the state and corporate power.

Eric Sprott: The Government Lied... There is No More Silver!

Eric Sprott made an appearance at Casey Research Gold and Resource Summit where in addition to providing a succinct summary of all his monthly letters from the past year, whose forecasts are all gradually panning out, he spoke about the prospects for gold, and particularly silver. We will leave it to readers to parse through the brief must watch clip, but here is the punchling for those wondering why increasingly more distributors are reporting indefinite lack of physical silver inventory: "There's $22 billion of silver available in the world, of which the ETFs already own half, and between you guys and us we probably own the other half...Which means there's nothing left.

"

Oil Prices Surge As Libya Protests Mount

MANIPULATION FAILS, METALS SPIKE

We Can Not Assume The Dollar Will Retain Its Reserve Currency Status

Mohamed El-Erian Says We Can Not Assume The Dollar Will Retain Its Reserve Currency Status:

On what the weak dollar is signaling:

"It is a warning shot to America that we cannot simply assume flight to quality, flight to safety. That people are starting to worry about the fiscal situation in the U.S., worrying about the level of debt and what they're hearing about states and municipalities. I would take this as a warning shot that we cannot assume that we will maintain the standing of the reserve currency as we have in the past."

Interview between GATA's Chris Powell and James Turk

The gold price suppression scheme is being explained from A to Z. This video is a must-watch for anyone with a clear interest in gold and free monetary markets.

Bank Run fears engulf Korean Savings Bank Industry

More than a thousand customers lined up in front of the Busan II Savings Bank located in Busan yesterday as soon as the nation’s financial regulator announced a six-month business suspension of Busan Savings Bank and its affiliate Daejeon Mutual Savings Bank.

The line formed by depositors extended about 100 meters (328 feet) from the door of Busan II Savings Bank. “You won’t be allowed to withdraw your money if you are just standing there without a queue ticket number,” a bank employee told the crowd using a microphone.

Those without a ticket then headed to the automated teller machines to withdraw their money, but the machines quickly ran out of cash.

“I’ve saved 40 million won ($35,810) over my whole life. That money was going to be used for my grandson’s marriage but I cannot trust these people [bank employees] saying that I am guaranteed to get my money back,” said Cho So-young, 79.

Source: http://joongangdaily.joins.com/article/view.asp?aid=2932381

Food Price Inflation Entering Dangerous Levels. Good Thing Bernanke is keeping CPI Low

Short Squeeze In Silver!

Ted Butler on Silver Shortages

Silver was around $ 4.02 per oz in 2000, now it's over $31, now that's investment! I'm buying for the longterm, my silver is for keeps unless there's a massive price explosion.

How Much Gold Will China Buy?

America- Protest in Wisconsin: 16th Feb 2011 (13,000 workers)

The Revolt Spreads to America

http://www.washingtonsblog.com/

Gerald Celente: "Meet The New Boss, Same as Old Boss" - Alex Jones TV Part 1 of 2

Gerald Celente: "Meet The New Boss, Same as Old Boss" - Alex Jones TV Part:2

John Stossel - Economic Freedom in Free Fall

79.9% Interest rate on Credit card. WOW

Gold Confiscation? Mike Maloney & David Morgan In Las Vegas

The Worst Hyperinflation Situations of All Time

Imagine that during the time it took to drink a cup of coffee, the price of that cup of coffee doubled. Although extreme, this becomes the reality of hyperinflation, where prices change so rapidly that everyday items rise exponentially and money becomes worthless, virtually overnight or even in the course of a working day. 

Today, inflation has become a major topic of debate in the United States, and although many are concerned about the effects of a devalued dollar on the economy, history shows us examples of how inflation has been much, much worse. In 2008, Steve H. Hanke, professor at Johns Hopkins University and Senior Fellow at theCATO institute, studied hyperinflation in Zimbabwe to see how it compared to historical cases of out-of-control inflation. His findings and calculations are presented in this slideshow.

As it turns out, hyperinflation generally coincides with wars and a series of ill-advised and inflammatory fiscal policy decisions, but at the core is a result of a rapid increase in the money supply that is not supported by growth in the economy. 

The world's first recorded hyperinflation came during the French Revolution, where monthly inflation peaked at 143 percent, but it took until the 20th century for this type of out-of-control inflation to happen again.

The report outlines that during the 20th century, seventeen hyperinflations occurred in Eastern Europe and Central Asia, including 5 in Latin America, 4 in Western Europe, 1 in Southeast Asia and one in Africa. The United States has never been a victim of hyperinflation but came close twice - during the Revolutionary War and Civil War - when the government printed currency in order to pay for its war efforts. However, in both of the US cases, inflation never exceeded a 50 percent monthly inflation rate (an informal threshold for hyperinflation), which pales in comparison to history's most dramatic cases.

In the opening to the CATO report, the authors make the observation that "hyperinflations have never occurred when a commodity served as money or when paper money was convertible into a commodity. The curse of hyperinflation has only reared its ugly head when the supply of money had no natural constraints and was governed by a discretionary paper money standard." With this in mind, it may be sobering to realize that any fiat currency is susceptible to rampant inflation, although to take hold, hyperinflation requires a series of extreme political and social circumstances. 

So, what were some of the worst inflation situations in history and how did they come to be? Click the link to find out. 

Source: http://www.cnbc.com/id/41532451?slide=1

How Big is the U.S. Debt?

U.S.’s 65 trillion in debt is bigger than globe’s entire GDP of 60 trillion

(Most scary numbers explained in simple terms)..

(US Dollar cannot survive in its current form), some massive restructuring has to happen..

5 Factors That Might Burst The Housing Bubble

Canadian real estate market is on fire. Record numbers of sold homes, record prices, bidding wars… All this is happening while we are coming out of the worst recession in 90 years, & Canadians are still losing their jobs. Here are 5 factors that might burst the housing bubble:

1) DEMAND COULD WEAKEN

One reason that the housing market is booming right now in Canada is because we are caught in a mini “demand bubble”. This demand is coming from A) the lack of sales last winter where buyers put off the buying decision during the financial crisis and B) buyers looking to buy before rates increase. All the home owners that didn’t buy from Sept ‘08 to March ‘09 are competing with the buyers who want to take advantage of the low mortgage rates. This means that the demand could weaken in the coming months because everyone has already bought!

2) MORTGAGE RATES WILL INCREASE

It’s impossible to know how quickly rates will increase, however, simple math dictates that when mortgage rates go up, homes become more expensive. This will create weakness in home sales and it might drive down prices. The mortgage rate over the last 20 years has averaged around 8%, and for the past 5 years, most Canadians have been obtaining mortgages at 4-6%. If buyers are getting caught up in a bidding war and overpaying for a home that they can barely afford, at 4% interest, then they might have difficulty paying a 7-8% mortgage when rates increase.

3) NO MORE ROOM TO MOVE

In the past, whenever there was weakness in the housing market, the Canadian Government loosened the mortgage restrictions in order to stimulate the housing market. The government extended the amortization, reduced the amount of the minimum down payment, and increased the RRSP amount that can be used by 1st time buyers. There is now no more room to move (assuming that we won’t go back to allowing $0 down and 40 year amortization which was allowed in 2008). More than 50% of all mortgages in Canada this year were amortized longer than the standard 25 years. This means there is very little that the government can do to simulate the housing market if sales weaken. If the housing bubble bursts, and housing prices crash, then that means we are on our own.

4) UNEMPLOYMENT RATE

When people lose their jobs, it becomes hard to pay their mortgage. Some people might take out a line of credit to help them until they find their next job, but others will need to sell their home. A poor job market will create more supply and, at the same time, it will create less demand because fewer jobs means that less people can buy.

5) HOME PRICES DECREASE

If higher mortgage rates, higher unemployment rate, and a weaker demand make housing prices start to decrease, then watch out. Decreasing home prices are a very slippery slope. Deflation has been identified as the pro-longer of the great depression. When the price of a product is decreasing, and consumers know that they can buy the product in a few months at a cheaper price, then they will wait to buy. This “waiting” is poison for any industry. The more consumers wait to purchase, the faster prices fall. The more prices fall, the longer consumers wait. It’s a vicious spiral! We saw a brief glimpse of this from Oct 08 to April 09 as Toronto home prices started to crash when no one was buying.

No one can predict if the bubble will burst. It might not even burst. Perhaps homes in Canada were already priced low (compared to New York, Hong Kong, Dublin), perhaps the economy will continue to improve, interest rates will remain low, and salaries will increase. Regardless of what happens, it makes good personal financial sense to examine multiple “what if” scenarios before you pay $50,000 over asking with 5% down and 35 year mortgage at 4%.

BACKWARDATION and the fall of the bankers

The Silver is in BACKWARDATION and the fall of the bankers It's happening right now, and it will change everything.

It's still winter but things are getting hot, hot, hot. Barclays reports solar panel usage is expected to jump up to use 7% of production; mines are borrowing metal for their hedge programs, high grade silver is getting swooped before it reaches the street, coin sales are at record levels, Comex inventories is at four year low (Reuters)

Dr Stephen Leeb's Bullish Case For Silver

Your Life According To The Government

Silver/Gold Ratio 1883 to Present - Bullion

The Rarest Earth (Metal)

Those who keep up with business news will have no doubt read about the recent developments in the category of minerals known as rare earth elements (REE’s). These are minerals that are vital to modern industrial applications, ranging from lasers, batteries, alternative energy, and superconductors to all sorts of important high-tech applications. There are 17 minerals classified as REE’s with exotic names like scandium, yttrium, lanthanum, cerium, and praseodymium. Don’t worry, this is not a technical discussion and this will probably be the only time I write about rare earth elements.

Since I’m not a REE expert why am I writing about them? The answer has to do with silver. Silver shares many characteristics with the rare earth elements and there is a lot to learn from them in our analysis of silver. In fact, the purpose of this article is to make the case that silver is the rarest of all the rare earth elements.

http://news.silverseek.com/SilverSeek/1297276845.php

After a Period of Heavy Money Printing WAR Follows

Marc Faber & Nassim Taleb at Russia Forum : Is Russia the Best or Worst in BRIC?
Marc Faber explains why oil is the best investment right now, whether you’re bullish OR bearish on the world economy. Marc Faber starts at 24:24 minutes and Nassim Taleb at 40:00
http://vimeo.com/19516143

Interview between Alasdair Macleod and James Turk

Steve Forbes: If printing money was the way to wealth then we should legalize counterfeiting

If printing money was the way to wealth then we should legalize counterfeiting , but the government does not like competition that's way Peter Schiff added . On the Peter Schiff Show, Steve Forbes declared: "If printing money was the way to wealth, then we should legalize counterfeiting"

2011 – The year when money starts to die

Many of us recognise the government debt bubble, which ensures that today’s rulers are relieved by the artificially low cost of their debt.  But most of us are unaware of the other bubble, that of the value of money, which is also held up at artificially high levels.  The money bubble is inflating primarily in quantity rather than price, making it easier to deceive the public. There is also a fundamental difference from the usual bubbles, which end with a collapse while money’s value is unaffected: in this dual bubble both  debt and money will eventually collapse together; the former as nominal yields rise and the latter being reflected in rising precious metal prices.

http://www.financeandeconomics.org/Articles%20archive/2011.01.05%20Money%20dies.htm

Shocking Video: Man Politely Robs Washington Store

A sign of things to come during hyperinflation. A man politely robs a convenient store. He has since been identified and arrested after police received tips from this surveillance video.

Celente: US oligopoly is a big lie

The Silver Pharaoh

Made entirely out of silver that's interesting. The royal tomb of Pharaoh Psusennes I is one of the most spectacular of all the ancient Egyptian treasures -- even more remarkable than that of Tutankhamun. So why hasn't the world heard about it? What mysteries does it contain? And what does it reveal about ancient Egypt?

The tomb was discovered filled with lavish jewels and treasure almost by accident in 1939 by the French archaeologist Pierre Montet while he was in northern Egypt. The royal burial chamber came as a complete surprise -- no Egyptologist had anticipated a tomb of such grandeur in this area. Unfortunately, the tomb was found on the eve of World War II in Europe and attracted little attention.

One of the most startling discoveries inside the tomb was the sarcophagus in which the body was held: It was made of silver with exquisite detail and craftsmanship. No other silver sarcophagus has ever been found and it is now recognized by many Egyptologists as one of the most exquisite artifacts of ancient Egypt ever to be found.

The elaborate tribute within the tomb suggested it was the burial site of someone very important. Using the hieroglyphs inside the tomb, they pieced together the identity of the pharaoh: his powerful role in ancient Egypt, and why he received such grand treatment.

The investigation reveals political intrigue, a lost city and a leader who united a country in turmoil and became the Silver Pharaoh.

Silver, Gold, Currencies & Stock market predictions by Webbot

Resource Scarcity

The World on the Brink by Design

Fed Money Printing to Cover Bank Theft Is Leading to Food Inflation Worldwide

2011 Outlook for Gold and Silver - Part One

2011 Outlook for Gold and Silver - Part Two

3 Tips on How To Survive Hyperinflation NOW

Americans Will Flock Into $5,000 Gold and $500 Silver

POLITICAL & ECONOMIC CHAOS

Gold This Decade

Food Price Index 1990 to 2011

Food costs have recently resurged beyond their 2007-2008 pre-economic crisis levels.

Prices are now at all time highs, worse yet, global economic growth has not rebounded. 

Food riots are becoming more commonplace.  Stagflation may become the economic buzz-word of 2011.

The chart's data is provided by the United Nations Food and Agriculture Organization (FAO’s) food index:

"I'm Scared" Anderson Cooper From Undisclosed Location In Egypt

Beware of Gold/Silver Pyramids. Mike Maloney & David Morgan

Mike Maloney - Silver Can Hit $1,500 Per Ounce!

This video came out in April 2010

Gold Price At $15000 Per Ounce

This video came out in Feb 2010

China Urged To Buy More Gold

Oil Price could Doom Obama

Like death and taxes, the price of oil is always with us. And like taxes, it may be President Barack Obama’s worst nightmare at election time next year.
Among forecasters, there is a sharp division between those who see an inexorable rise in the price of oil and those who believe it will stabilize about where it is now.
The hawks see gasoline streaking ahead to $4-a-gallon this year and $5-a-gallon in 2012.
Others say demand will collapse and it won’t go that high. The Energy Information Administration is very conservative in its forecasts and it gives very high prices only a 10-percent chance of coming about.
Adding to the confusion is a nasty little spat between the International Energy Agency in Paris and the Organization of Petroleum Exporting Countries over price, inventory and what OPEC calls “technical factors,” such as pipelines down for repair or the loss of the Deep Water Horizon rig in the Gulf of Mexico last year. IEA is saying that OPEC is keeping its production quotas low to jack up the price—currently just over $90 a barrel and the highest grade Brent crude from the North Sea as high as $99 a barrel—and it is endangering the global recovery with its actions.

http://oilprice.com/Energy/Oil-Prices/Oil-Price-Could-Doom-Obama.html

25 Countries Whose Governments Could Get Crushed By Food Price Inflation

Food inflation is now a reality for much of the world. It contributed to the overthrow of the Tunisian government, has led to riots across the Middle East and North Africa, driven up costs in China and India, and may only be getting started.

Whether you blame a bad crop or bad monetary policy, food inflation is here.

Nomura produced a research report detailing the countries that would be crushed in a food crisis. One, Tunisia, has already seen its government overthrown.

Their description of a food crisis is a prolonged price spike. They calculate the states that have the most to lose by a formula including:

Read more: http://www.businessinsider.com/governments-food-price-inflation-2011-1?slop=1#slideshow-start#ixzz1ClmQy6EV

Silver Sell Off....What is next? Has it bottomed!! Bob Chapman 50 year Veteran explains

Frank Holmes on Gold Price Makers and Price Takers with Kitco News

10 Things We Can Learn From Egypt About Preparing for Economic and Societal Collapse

As riots spread across the world, having started first in Europe and now engulfing the Middle East, most people in the U.S. outright reject the possibility that the same could happen right here at home. But the fact of the matter is that we remain in economic crisis and there is a real possibility of a total collapse of the system, we have come to know.

http://www.shtfplan.com/emergency-preparedness/10-things-we-can-learn-from-egypt-about-preparing-for-economic-and-societal-collapse_01312011/print/

A Silver Report: Political & Economic Chaos

Inflation’s Impact on Emerging Markets (Excellent Video)

Tangent Capital Senior Managing Director, James Rickards: On the risk that higher prices pose to emerging markets & Gold vs Dollar Valuation

http://video.foxbusiness.com/v/4515338/inflations-impact-on-emerging-markets-/