Keiser Report: Blind Cult of America (with Chris Marteinson)

HARVEY ORGAN : Hyperinflation, Backwardation & 1 To 1 Silver To Gold

a must listen..

Still Bullish for Precious Metals

Wish You All a HAPPY EASTER: The Passion of the CHRIST [Full Movie]

'The US Shouldn't Play with Its Credibility'

Is the West going broke? It would seem to be a legitimate question in this era of sovereign debt panic. Not only is the euro zone struggling to prop up the European common currency with enormous bailout packages for its most indebted members, but concerns that Greece may ultimately go bust anyway have many afraid that the worst is yet to come.

And then there is the United States. A report released by the International Monetary Fund last week suggests that US national debt could reach 100 percent of gross domestic product by 2015 -- and despite efforts to slim down the budget pushed through Congress by the administration of President Barack Obama last week, there is little indication that the upward trend will be reversed any time soon. This year's budget deficit will add a cool $1.5 trillion to the US debt load.

Read More: http://www.spiegel.de/international/business/0,1518,758226,00.html

Eric Sportt: Follow the Money

You know silver’s doing well when the commentators start giving it the ‘gold’ treatment. Silver’s recent rise has been so spectacular that it’s caught many investors off guard. It’s natural to be sceptical when you don’t know the fundamentals driving strong performance, and many pundits and commentators have been quick to downplay it as a result - much like they do towards gold when it enjoys a run. Silver is also an awkward metal for them to categorize. Is it a commodity, a monetary metal, or both? And which side is driving demand? If it’s industrial demand, that’s ok, because that’s bullish. 

But if it’s investment demand for silver as ‘money’, well then that’s sort of bearish, isn’t it? The fact remains that most commentators have failed to grasp the monetary shifts that silver is signaling today, and in doing so they’ve failed to appreciate just how high it could actually go. 

http://www.sprott.com/Docs/MarketsataGlance/2011/0311%20Follow%20the%20Money.pdf

The Squeeze Is On (Gold at $1500 & Silver at $44)

The squeeze is on. Yesterday’s downgrading of the US economic outlook by Standard & Poor provided the catalyst for US Dollar shorts to cover, which drove up the Dollar index up, breaking its 15% decline over the last 10 months.  S&P revised its outlook on the US AAA credit rating to negative from stable, citing the massive US debt and Washington’s apparent inability to cope with it its fiscal problems; "we believe there is a material risk that U.S. policy makers might not reach an agreement on how to address medium- and long-term budgetary challenges by 2013."  While the S&P maintained the country's top AAA credit rating, the rating agency called the odds at one in three that the U.S. credit rating could be downgraded within two years.

http://news.goldseek.com/GoldSeek/1303220561.php

Texas University BUYS $1 Billion in Gold Bar

The University of Texas Investment Management Co., the second-largest U.S. academic endowment, took delivery of almost $1 billion in gold bullion and is storing the bars in a New York vault, according to the fund’s board.

The fund, whose $19.9 billion in assets ranked it behind Harvard University's endowment as of August, according to the National Association of College and University Business Officers, added about $500 million in gold investments to an existing stake last year, said Bruce Zimmerman, the endowment’s chief executive officer. The holdings are worth about $987 million, based on yesterday’s closing price of $1,486 an ounce for Comex futures.

http://www.bloomberg.com/news/2011-04-16/texas-university-takes-cue-from-kyle-bass-to-hold-1-billion-in-gold-bars.html

Bob Chapman - Silver price prediction.

Bob Chapman: In the last few days we have seen the US government in the market and they have done everything possible to knock prices down which is not unusual within a corporate fascist governmental culture and that's what we have in America , says Bob Chapman, of The International Forecaster, and people who do not believe that they are missing the whole point.

It won't last but for few days may be weeks and the next step -Silver is going to go higher if for no other reason this giant naked short position being held by JP Morgan Chase and HSBC.. 

Inflation Deflation Debate Rages On

Price of Silver

A picture is worth a thousand words:

Comex Margin requirements on Silver (any increase is ineffective)

Dollars and Sense, By Darryl Robert Schoon

The history & future of money/banks.

Brother, Can You Spare A Trillion?: Government Gone Wild

Lindsey Williams: The Elite's Plan for future (must listen)

Silver's run just started - the investment of the decade

Eric Sprott - Silver to shine 5th April 2011 - after it hits $39.79

Gold & Silver-When To Sell? Real Estate-When To Buy? Mike Maloney

Erskine Bowles Testifies On 'The Most Predictable Economic Crisis' in History

The U.S. Treasury has released a Final Statement for the month of March that demonstrates that financial madness has gripped the federal government.

During the month, according to the Treasury, the federal government grossed $194 billion in tax revenue and paid out $65.898 billion in tax refunds (including $62.011 to individuals and $3.887 to businesses) thus netting $128.179 billion in tax revenue for March.

At the same, the Treasury paid out a total of $1.1187 trillion. When the $65.898 billion in tax refunds is deducted from that, the Treasury paid a net of $1.0528 trillion in federal expenses for March.

That $1.0528 trillion in spending for March equaled 8.2 times the $128.179 in net federal tax revenue for the month.

The lion’s share of this federal spending went to redeem Treasury securities that had matured during the month—most of which were short-term Treasury bills that have terms of one-year or less.

In fact, during March the Treasury redeemed $705.3 billion in Treasury securities of which $623.9 billion were short-term bills with a term of one year or less.

After the disbursements made to pay off the $705.3 billion in loans that came due in March, three of the other top four federal spending items for the month were entitlements programs. The other top item was payments to defense contractors.

The Treasury paid $49.8 billion in Social Security benefits in March, $47.4 billion in Medicare benefits, and $22.575 billion in Medicaid benefits. It also paid $37.9 billion to defense contractors.

To help pay off its $1.0528 trillion in monthly bills on only $128.179 in monthly tax revenue, the Treasury turned primarily to new borrowing. During the month, according to the Treasury statement, the government sold $786.5 billion in new securities. It also drew down its cash balance from $190.6 billion at the beginning of the month to $118.1 billion at the end of the month. It also reaped $18 billion from the sale of assets in the Troubled Asset Relief Program.

The federal government’s cash-flow situation was summed up pungently in Senate Budget Committee testimony by Erskine Bowles, who served as chief of staff to President Bill Clinton and is now the co-chair of President Barack Obama’s National Commission on Fiscal Responsibility. (See video below.)

“I'm really concerned,” Bowles told the committee last month. “I think we face the most predictable economic crisis in history. A lot of us sitting in this room didn't see this last crisis as it came upon us. But this one is really easy to see. The fiscal path we are on today is simply not sustainable.

“This debt and these deficits that we are incurring on an annual basis are like a cancer and they are truly going to destroy this country from within unless we have the common sense to do something about it,” said Bowles.

“I used to say that I got into this thing for my grandchildren,” Bowles said. “I have eight grandchildren under five years old. I'll have one more in a week. And my life is wonderful and it is wild. But this problem is going to happen long before my grandchildren grow up.

“This problem is going to happen, like the former chairman of the Fed said, or the Moody's said, this is a problem we're going to have to face up,” he said. “It may be two years, you know, maybe a little less, maybe a little more. But if our bankers over there in Asia begin to believe that we're not going to be solid on our debt, that we're not going to be able to meet our obligations, just stop and think for a minute what happens if they just stop buying our debt.

“What happens to interest rates?” asked Bowles. “And what happens to the U.S. economy? The markets will absolutely devastate us if we don't step up to this problem. The problem is real, the solutions are painful, and we have to act.”