news.goldseek.com >> 15 May 2008

On Bookies and Economic Gurus
By: Gary North, Mises on Money
I think the recession will arrive this year. I do not expect a severe recession. I also do not think the recovery will be strong or rapid. The slowdown will last for over a year. So will a depressed housing market. But I do take seriously Intrade's assessment. We are less likely to have a recession than we were as recently as mid-April.

news.goldseek.com >> 14 May 2008

Maps of Real Estate Doom
By: Gary North, Mises on Money
We are all in a large canoe. The canoe is headed for the falls. We can hear the roar of the water.

Meanwhile, Dr. Bernanke is giving us lectures about past scenery and future prospects if we can just find a new creek to go down.

news.goldseek.com >> 7 May 2008

Bernanke's Nightmare Chart
By: Gary North
In this report, I introduce you to an amazing chart. It is getting zero attention from the mainstream financial media. The information it conveys is at the heart of Bernanke's looming problem. I have decided to post a link to this chart on a permanent basis in the "Free Materials" section of my website.

news.goldseek.com >> 5 May 2008

Why the U.S. Recession Is Here
By: Stefan M.I. Karlsson
In short, there can be little doubt that America is in a recession now and that this recession probably began in November 2007. The supply-siders that deny this must resort to using the absurd logic that it is irrelevant for your living standard if you must pay more for the things you buy, or get paid less for the things you sell. Somehow, I doubt that they are willing to apply this logic in their personal life and accept a lower pay for their propaganda pieces.

news.goldseek.com >> 4 May 2008

Siegfried & Roy & Bernanke
By: Gary North
We are all riding on the back of a highly leveraged, debt-ridden tiger. We hope that Chairman Bernanke doesn't get eaten alive. Why? Because the tiger will maul us first.

news.goldseek.com >> 21 April 2008

The Subprime Crisis and Government Failure
By: Michael S. Rozeff
In the face of excessive money, lenders tend to adopt laxer standards for making loans. Borrowers and investors tend to use higher amounts of leverage. Asset prices rise. When the rate of money creation slows or halts and asset prices begin to decline, those who have bought houses at high prices, perhaps with little or no equity of their own, quickly find themselves in a position of negative equity, with their promised loan payments exceeding their house values. This induces default and foreclosures.

news.goldseek.com >> 16 April 2008

Banks, Bank Regulation, and the Growth of Fed Power
By: Michael S. Rozeff
The best solution to the financial problems brought about by the Fed’s past bubblenomics is analogous to a "big bath": write the old system off and start up a new one with sound fundamentals. That means eliminating legal tender laws, doing away with monopoly government fiat money, and making institutions that claim to be depositories for money actually hold that money.

news.goldseek.com >> 15 April 2008

First Step – Fire the Fed
By: Fred Sheehan
Treasury Secretary Hank Paulson has proposed the Federal Reserve be given broad powers to regulate the financial industry. He could not have nominated a more incompetent body. The Coast Guard would do a better job.

news.goldseek.com >> 13 April 2008

An Economy Built On Lies
By: Gary North
In this report, I am going to present an astounding document. You have not heard of it. It is at the heart of the current residential real estate crisis. It has to do with liar loans.

news.goldseek.com >> 27 March 2008

Our Financial House of Cards and How to Start Replacing It With Solid Gold
By: George Reisman
Thus, to say it all in one sentence, the threat of massive deflation can be eliminated, the threat of inflation ended, and the actual and potential domain of economic freedom greatly expanded, for $11 billion – an $11 billion that would not even be an out-of-pocket expense to anyone but merely a balance-sheet charge on the books of the Federal Reserve System when it deducted its gold holding from its balance sheet and added it to the balance sheets of the banks.

news.goldseek.com >> 19 March 2008

So Far, So Good . . . If You Did What I Said
By: Gary North
We are in the early stages of a great unraveling. The visible breakdown today is residential real estate. The other breakdown is in the financial sector, which used short-term money to fund subprime mortgages. The unraveling has spread to Alt-A mortgages, the next tier up.

news.goldseek.com >> 17 March 2008

The Fed's Desperation Move
By: Gary North
My suggestion is that you do not pay much attention to upward moves in response to new programs offered by the Federal Reserve System. If it could do anything other than inflate the money supply, it would not be coming up with late-night emergency bailouts to be announced just before the opening bell of the New York Stock Exchange.

news.goldseek.com >> 12 March 2008

Upside-Down Mortgages and Sinking Home Prices
By: Gary North
We are now facing the previously unthinkable: a real lock-up of the mortgage market, followed by a sharp decline in housing prices. This would produce dramatic capital losses. It would reverse the wealth effect. The wealth effect is the emotional effect of a person's equity any party of his portfolio. He feels richer. He spends more. He saves less.

news.goldseek.com >> 10 March 2008

Sorting Through the Rubble in Post-Bubble America
By: Mike Whitney
There's absolutely no doubt now that the storm that is currently ripping through the financials will soon bring Wall Street to its knees. It may be a good time to remember that on March 24, 2000, the NASDAQ peaked at 5048. On October 9, 2002 it bottomed-out at 1114; a loss of nearly 80 per cent. Could it happen again?

news.goldseek.com >> 9 March 2008

Bernanke on the Mortgage Market House of Cards
By: Gary North
The worst is not behind us. The worst is yet to come. I have this on the highest authority – from the man who has openly admitted that his organization has no solutions to offer except month-old data on the extent of the housing crisis. When the public at last figures this out, there will be financial blood in the streets.

news.goldseek.com >> 24 February 2008

Bernanke's Surprise
By: Gary North
The bullish stance of American investors is being hit hard by a falling stock market and falling real estate prices. The hope of most investors who are long – and most are long – is that the FED will intervene on the side of the bulls. In fact, the FED has been intervening on the side of the bears.

news.goldseek.com >> 22 February 2008

Why the Mainstream Media Never Saw It Coming
By: Gary North
The press is not saying, "This is the first major banking domino to fall. There will be more." The event is being treated as if it were an anomaly. It isn't. The mainstream media will not sound an alarm. That is why people who do not trust the mainstream media read obscure newsletters and visit obscure web sites.

news.goldseek.com >> 18 February 2008

Drip, Drip, Drip: Then the Dam Collapses
By: Gary North
Day after day, there is bad news from the banking sector in Europe and America. There is bad news from the housing markets all over the world. There is bad news from the Institute for Supply Management, which reports on the state of suppliers. The service sector in January fell to 41.9%, with 50% as the borderline between contraction and expansion. In December, it was 54.4%. This is a very sharp decline.

news.goldseek.com >> 6 February 2008

What if House Prices Fall by 30% Worldwide?
By: Gary North
Optimists think this housing market is going to reverse in 2009. I am not among them. This is an international phenomenon. The decline in on-paper wealth is going to shake the confidence of hundreds of millions of home owners.

news.goldseek.com >> 3 February 2008

What Will You Do With Your Gold?
By: Gary North
In the crack-up boom, gold serves as an insurance policy against a catastrophe. You can buy your way out of circumstances that bankrupt others. You preserve much of your lifestyle by selling off a widely sought-after asset: gold. But understand: this is not a way to get rich. It is a way not to become totally impoverished.

news.goldseek.com >> 27 January 2008

At the Edge of the Abyss
By: Gary North
This week has been filled with surprises. It began with bad news for international stock markets. It got rolling with unprecedented news from the Federal Reserve System. It got wild with nutty news from a bureaucrat in New York. Then it settled down to wild swings on the American stock market.

news.goldseek.com >> 23 January 2008

Global Recession Takes Air Out of Gold Market
By: Bill Bonner
It may be that a global recession takes the air out of the gold market. Maybe the price stops going up. Maybe it falls back some. But when it comes to the feds’ efforts to sink the dollar, in order to avoid a Japan-like slump, you ain’t seen nothin’ yet.

Favorite Myths of Stockbrokers
By: Gary North
The world’s stock markets are in freefall. Why? Here is the universal explanation: investors are worried about a U.S. recession – a recession that the mainstream forecasters insisted in December was not going to happen.

news.goldseek.com >> 21 January 2008

The Political and Economic Agenda for a Real Gold Standard
By: Congressman Ron Paul
There are basic economic forces today that are contributing to the further evolution of the monetary system, and there is a political strategy that I believe will make it possible to liberate those forces and restore the monetary role for gold. Because of the current economic and political climate, it is important to understand what we can do – and what we cannot hope to do in the short run.

news.goldseek.com >> 15 January 2008

Are Consumers Driving Us into Recession?
By: Llewellyn H. Rockwell, Jr.
With recession looming or already here, the time has arrived for finding scapegoats. Expect a long list of these. Here is the target of the day: tightfisted consumers. A decline in personal consumption, writes the New York Times, "would be the first since 1991, and it would almost certainly push the entire economy into a recession in the middle of an election year."

news.goldseek.com >> 10 January 2008

Recession or Depression?
By: Llewellyn H. Rockwell, Jr.
Many people are finally saying the R word: Recession. The fundamentals don't look good. The externals are even scarier: dollar and stocks skidding, gold and other prices (particularly producer prices) rising. But what has tipped the psychological scales is the statistic no one has cared much about in many years: unemployment.

news.goldseek.com >> 6 January 2008

Have You Got the Hesitation Blues?
By: Gary North
I am not writing this for those readers who have bought gold and silver, sold their stocks, and bought foreign currencies. I am writing this for readers who have read my recommendations for over six years and who have not done what I recommended.

news.goldseek.com >> 20 December 2007

From Solon to Sub-Prime: Gold in a World of Inflation
By: Sean Corrigan
You see, no matter how big the inflationary bubble, an offsetting deflation is merely a policy choice to be avoided in its wake. No cold turkey will be endured here – no emetic will be taken to purge the poison – only a stiff hair of the dog administered to spare the drunk the worst of his pain.

news.goldseek.com >> 12 December 2007

The Mirage of the Mortgage Fix
By: Llewellyn H. Rockwell, Jr.
Joy, joy, the Fed has cut rates again. Picture the Joker from the movie Batman throwing money from his float on the parade and you can see where this is going. Or imagine the alchemist of medieval lore, attempting to conjure up wealth from chemical mixtures.

news.goldseek.com >> 30 November 2007

The Fallacy of Money Mania
By: Llewellyn H. Rockwell, Jr.
It's been a grueling Fall 2007, with the continued shocks from the housing mess, the market sell-off, oil still sky high, the dollar hitting new lows, and the rising gold price giving that ever-ominous sign of trouble ahead. Business conditions have deteriorated dramatically.

news.goldseek.com >> 19 November 2007

Fed Transparency and Other Illusions
By: Gary North
The more things change, the more they stay the same. The song and dance, shuck and jive, bait and switch operation known as the Federal Reserve System rolls on, undeterred by Congress or any other government control agency. The whole thing rests on a sham. Bernanke referred to it. "As I have emphasized today, the Federal Reserve is legally accountable to the Congress. . . ."

news.goldseek.com >> 18 November 2007

Inflation and the Average Item
By: Andrew S. Fischer
The federal government claims (as usual) that inflation was mild in October. Just 0.3% for the month and 3.5% year-over-year. Yet again we will hear so-called financial experts on television and other media parrot the government's inflation figures, as if they had any semblance to reality. Shadow Government Statistics, a far more believable source, shows a 7% year-over-year increase in CPI, and this correlates quite well with (at least my) real-world experience.

news.goldseek.com >> 11 November 2007

The Fed Has Wrecked the Stock Market
By: Mike Whitney
America is finished, washed up, kaput. Foreign investors and central banks around the world have lost confidence in US markets and are headed for the exits. The dollar is sinking, the country is insolvent, and its leaders are barking mad. Investors are voting with their feet. They've had enough. Capital is flowing to China and the Far East in a torrent. It's "sayonara" downtown Manhattan and "Hello" Tiananmen Square.

news.goldseek.com >> 8 November 2007

Two Kinds of Experts
By: Gary North
The assurances about the subprime crisis being contained are not coming from real estate experts. They are coming from people who have built their careers and reputations as permanent bull market advocates. This means that they have built their careers on the Federal Reserve System's ability to sustain the stock market with fiat money. They did well under Greenspan. They will do much less well under Bernanke.

news.goldseek.com >> 4 November 2007

Bernanke Eats a Large Helping of Crow
By: Gary North
Why did the Federal Open Market Committee drop its official target rate for overnight bank loans on October 31? If it was a plan to head off a stock market sell-off, it went awry. The Dow fell by 362 points on November 1.

news.goldseek.com >> 28 October 2007

'Titanic' Tactics When the Fed Hits an Iceberg
By: Gary North
The U.S. housing market is down – on paper – by over a trillion dollars, CBS News reports. But who knows how much? The report cited one forecast that says it will be down by another $3 trillion in a year. I think this estimate is plausible.

news.goldseek.com >> 18 October 2007

Our Expansion Experiment
By: Doug French
Financial pundits, led by CNBC’s Larry Kudlow, were rooting for the Federal Reserve to “shock and awe” the market with a 50 basis point cut on the Federal Funds rate at the central bank’s September meeting. Fed chair Ben Bernanke didn’t disappoint, and investors recognized further dollar devaluation and sent gold, stock and commodities markets through the roof and the U.S. dollar to the basement.

news.goldseek.com >> 10 October 2007

Wall Street vs. the Middle Class
By: Gary North
Anyone who thinks that the super-rich, the rich, and the wanna-be rich who comprise Wall Street are defenders of prosperity in the name of the middle class is terminally naïve. He is confusing Wall Street with the free market.

news.goldseek.com >> 3 October 2007

When the Music Stops
By: Gary North
The investment world assumes that central banks can always paper over and liquidity crisis in the financial markets, and will. But what if the problem is not liquidity in general but insolvency in a capital market?

news.goldseek.com >> 26 September 2007

Has the Fed Lost Control Over Money?
By: Gary North
I maintain that a nation's central bank controls the nation's money supply. It does so with two tools: (1) the legal reserve requirement and (2) the purchase (inflationary) or sale (deflationary) of assets in its possession – the monetary base.

news.goldseek.com >> 21 September 2007

Greenspan Speaks
By: Gary North
Alan Greenspan's autobiography was released on September 17. He was interviewed by Leslie Stahl on September 16 on CBS's "60 Minutes," for what has to be the most successful book promotional appearance I can remember.

news.goldseek.com >> 12 September 2007

Bernanke's Speech on September 18
By: Gary North, Mises on Money
I have written a speech for Chairman Ben to record on his home video camcorder and then post on YouTube on the morning of September 18, which is the date of the next scheduled meeting of the Federal Open Market Committee. He may use it free of charge. It is my gift to him.

news.goldseek.com >> 30 August 2007

The Fed’s Next Moves
By: Gary North, Mises on Money
Bernanke and the Federal Open Market Committee are now paying the price of their tight-money policies that began the month that Bernanke became FED chairman: February, 2006. He inherited the boom and bubbles that Alan Greenspan’s expansionist monetary policy had created. This expansion began in mid-August, 1982, under Paul Volcker, and accelerated in the month Greenspan took over: October, 1987. With stop-and-go policies to restrain price inflation, Greenspan concealed the irreversible direction of an 18-year era of loose monetary policy.

news.goldseek.com >> 27 August 2007

The Moral Hazard of Central Banking
By: Gary North, Mises on Money
The debt economy makes us all vulnerable to unforeseen crises: illiquidity, insolvency, low credibility. All three are institutionally visible today. They are threatening Cramer's world.

All three are the result of the moral hazard of central banking. This is why Cramer screamed against the Federal Reserve System. He was correct: the FED is responsible. Earlier.

news.goldseek.com >> 24 August 2007

A Panic Move to Buy Safety
By: Gary North
On August 15, the 90-day T-bill rate was 4.21%. The next day it fell to 3.79%. That was a one-day drop of .42 percentage points. As a percentage, it was a 10% drop. We rarely see 10% moves in one day. The next day, Friday, it was down to 3.76%. On Monday, August 20, it fell to 3.12%. That was another 17% decline. This was not a merely rush for safety. It was bordering on panic.

news.goldseek.com >> 22 August 2007

Financial Markets on Crack
By: Kevin Duffy
Cheap and plentiful credit is what caused the current mess. More of the same can only make it worse. It is only a matter of time before this shot of credit heroin wears off. Sometimes the best medicine is none at all.

news.goldseek.com >> 19 August 2007

Anatomy of the Bank Run
By: Murray N. Rothbard
Putting an end to inflation requires not only the abolition of the Fed but also the abolition of the FDIC and FSLIC. At long last, banks would be treated like any firm in any other industry. In short, if they can't meet their contractual obligations they will be required to go under and liquidate. It would be instructive to see how many banks would survive if the massive governmental props were finally taken away.

news.goldseek.com >> 14 August 2007

Reality vs. the State
By: Llewellyn H. Rockwell, Jr.
If you have boarded an airplane recently, you know something about how the state lives in a strange, alternative universe in which good sense, normal courtesies, and sound judgment play no role. No aspect of life is perfect, but the sectors the state manages are wacky and topsy-turvy.

news.goldseek.com >> 12 August 2007

Cramer’s Tantrum
By: Gary North
By now, you may have seen Jim "Mad Money" Cramer’s tirade on Monday, August 6, against the Federal Reserve System’s Open Market Committee (FOMC) for not lowering interest rates, meaning the Federal Funds rate, meaning the publicly announced target rate. Because of YouTube, Cramer’s performance is all over the web.

Behind the Subprime Crash
By: Robert Wallach
From the outrageous money printing that fueled the mortgage "boom" to the Fed "rescue," the Fed step by step is setting up the economy for inflation and a crash of the dollar that won't just affect mortgage holders and hedge funds, but anyone holding deteriorating dollars in their bank accounts and wallets.

news.goldseek.com >> 8 August 2007

Monetary Statistics
By: Gary North
I see the FED as capable of monetizing everything listed on any exchange, and then some. I see no limit on fractional reserve banking’s ability to destroy the purchasing power of a nation’s currency. I believe that the crack-up boom is ahead of us, not behind us.

news.goldseek.com >> 26 July 2007

The Old Mercantilism and the New
By: Gary North
In any case, if the central bank moves to the new mercantilism and away from Bretton Woods mercantilism, the days of low interest rates will end in the United States. If Uncle Wong decides that Uncle Sam’s promises to pay cannot be trusted, and therefore cement is a better deal, the U.S. government’s fiscal policy will soon have feet in cement.

news.goldseek.com >> 22 July 2007

The Five Stages of Counterfeiting
By: Gary North
A truly serious counterfeiting operation would in fact plan to do something very similar to what Mr. Heath said a counterfeiter would not do – just not in a single step. The goal of a serious counterfeiting operation would be to persuade the public to use its money rather than the official bills it originally copied when it designed its original fake plates. Its goal would be the replacement of the original official bills with its own bills, making them official in the eyes of the public.

news.goldseek.com >> 27 June 2007

What 70 Hard-Won Greenbacks Will Buy Today
By: Mark R. Crovelli
We need to take a cold, hard look at our un-backed currency and seriously consider exchanging these ridiculous green pieces of paper with which we are paid (and which the Fed continues to recklessly pump out at a record pace), for goods that retain their value over time. We need, in other words, to exchange our paper for the scarce and irreproducible goods that have been used as currencies since the dawn of civilization; namely, gold and silver.

news.goldseek.com >> 25 June 2007

Hans Sennholz, R.I.P.
By: Gary North
On Saturday, June 23, Hans Sennholz died at the age of 85. He was one of four men who earned his Ph.D. in economics under Ludwig von Mises at New York University. (The others were George Riesman, Israel Kirzner, and Louis Spadaro.) Earlier this year, he wrote an article for Lewrockwell.com on the influence Mises had on him, which was enormous. Unlike the other three, he arrived in class with a doctorate in political science, earned at Köln.

news.goldseek.com >> 20 June 2007

Why Most Voters Accept Inflation
By: Gary North
There are a few economists (very few) and a small percentage of voters (very small) worldwide who are convinced that central banks inflate their domestic currencies as a deliberate policy. We skeptics monitor the various money supply statistics and find that there is rarely a period longer than a few months in which any nation’s money supply is either stable or falling. We also monitor various price index statistics and find the same thing, with the exception of Japan. Japan did have a few years – 1995 and 2001–3 – in which its official price level fell for over a year by about one or two percent.

news.goldseek.com >> 30 May 2007

My Recommended Federal Reserve Policy
By: Gary North
For people who have read about the Federal Reserve System’s monopolistic power over the economy, it is frustrating to imagine that the voters can do nothing. Trust me: the voters can do nothing. Most voters have not heard of the FED, do not understand central banking, and do not have allies in Congress, other than Ron Paul.

news.goldseek.com >> 18 May 2007

Debt: An Inescapable Concept
By: Gary North
The modern economy is addicted to government debt by way of central banking debt. The system is self-reinforcing. Governments spend more money and make more unfunded promises than taxes can fund. So, governments turn to debt as a way to make up the shortfall. To keep interest rates low, governments license privately owned central banks to create money in order to buy government debt. This has been the pattern ever since the creation of the Bank of England in 1694.

news.goldseek.com >> 17 May 2007

Debt: An Inescapable Concept
By: Gary North
In theory, civil governments do not need to issue debt. Yet they do, century after century. In the history of the United States, the national government was debt-free only in 1835, in the midst of an economic boom during the second term of the presidency of Andrew Jackson, who had campaigned on a platform of reducing government debt. He fulfilled his promise.

news.goldseek.com >> 5 April 2007

Iran’s Pre-Emptive Strike
By: Gary North
No, I don't mean its arrest of fifteen British low-rank military people who were taking a boat ride in long-disputed waters dividing Iraq and Iran. That was just a bit of old- fashioned tail-twisting of the British lion, which has been close to toothless ever since 1945. I mean this: Iran is planning to stop using the U.S. dollar to price oil, with less than half of its oil income now paid in the U.S. currency, Iran's central bank governor said.

news.goldseek.com >> 25 March 2007

We Told You So
By: Mark Thornton
There are three basic views of bubbles that are held by economists. The dominant view among modern mainstream economists, including the Chicago school and proponents of Supply-Side economics, is to deny the existence of bubbles and to declare that what is thought to be “bubbles” is really the result of “real” factors. The second view, which is espoused by Keynesians and by proponents of Behavioral Finance, is that bubbles exist because of psychological factors such as those captured by the phrase “irrational exuberance.” The third view is that of the Austrian school, which sees bubbles as consisting of real and psychological changes that are caused by the Fed. This view has the advantages of being able to identify the economic cause of bubbles and directs us to policy choices that would prevent future bubbles.

news.goldseek.com >> 6 March 2007

Is Gold an Inflation Hedge?
By: Robert Blumen
On his Global Economic Trends Analysis Blog, Michael Shedlock poses the question Is Gold an Inflation Hedge? The answer: "Gold in many timeframes is not much of an inflation hedge." This conclusion is derived entirely from looking at the US$ price of gold over several periods of time. In this article, I will argue that the cited analysis is US-centric, and that when the US$ exchange rate is taken into account, Shedlock’s conclusions are questioned.

news.goldseek.com >> 18 February 2007

Monetary Policy and the State of the Economy
By: Ron Paul
Transparency in monetary policy is a goal we should all support. I've often wondered why Congress so willingly has given up its prerogative over monetary policy. Astonishingly, Congress in essence has ceded total control over the value of our money to a secretive central bank.

news.goldseek.com >> 21 January 2007

The Federal War on Gold
By: Jacob G. Hornberger
Given the rising price of gold and the fact that federal spending is totally out of control, the prospect of gold confiscation and criminalizing the private ownership of gold by federal authorities inevitably rears its ugly head. There are few things that federal big spenders hate more than gold. Why? Because they know that, historically, gold has provided the best means by which people could protect themselves against the ravages of a rapidly depreciating currency.

news.goldseek.com >> 15 January 2007

Countdown to the Tax-Rise Torpedo
By: Michael S. Rozeff
Looking ahead, if the election of 2008 starts to swing toward the Democrats, the inflation uncertainty will rise and the markets will reflect that. At some point as the winner clarifies, and also as the winner’s economic biases clarify, this uncertainty will resolve. But the point is, we can now foresee that the uncertainty will probably rise and affect stock and bond markets negatively. Gold will follow or even lead the monetary base. If it rises, so will gold.

news.goldseek.com >> 11 January 2007

Irreparable Cracks in the Financial System
By: Dr. Marc Faber
A well-respected independent economist and strategist with a bearish trait told me recently that he wished he could be bearish, but that he couldn't find anything that he thought would disturb the asset markets and the global economy in the foreseeable future. Looking at the "real" global economy and at what people produce in terms of manufactured goods and services (ex-financial services), I would have to agree.

news.goldseek.com >> 10 January 2007

Dow vs. Gold
By: Gary North
Ian McAvity is a GOM. A GOM is a Grand Old Man. When you’re a young hot-shot, you don’t plan on becoming a GOM. You plan on remaining a youthful hot shot. With a few exceptions, such as Warren Buffett, youthful hot shots become whiz kids emeriti. The problem is, the ones who eventually do become GOMs are not recognized as hot shots until they are middle-aged, decades after people should have bought their holding companies’ stocks and held onto them, no matter what.

news.goldseek.com >> 9 January 2007

Real Money for Mexico
By: Eric Englund
Conversely, if Salinas’ silver remonetization plan is adopted, this will be akin to building a bridge from economic darkness (wrought by modern central banking), to a place where saving, capital formation, and entrepreneurship will allow prosperity to emerge from the ashes of fiat money. Salinas is keenly aware that prosperity’s silver lining is peace itself. Hence, the Norwegian Nobel Committee should take great interest in Hugo Salinas Price’s body of work, and personal sacrifice, as there is no greater advocate for peace on this planet.