Will China ‘Amnesty’ Birth the Black Swan?
December 8, 2009 by goldguru · Leave a Comment
By Rick Ackerman, GoldSeek For those who have been unsettled by gold’s corrective weakness in recent days, I’ve reprinted a reassuring letter below from a friend and longtime subscriber who also happens to be a U.K.-based gold-dealer and metals trader. Andy, as he is known in the Rick’s Picks chat room, is bullish as ever on [...]
Thank the Fed For Your Lack of Purchasing Power
September 23, 2009 by goldguru · Leave a Comment
By The Mogambo Guru In case you were wondering, there is no way to stop spending a debt-based currency once you start, which handily explains why Doug Noland, in his Credit Bubble Bulletin, asks “what about an exit strategy? Well, I see a ‘No Exit’ sign. These distortions have been going on for too many [...]
‘We’re in the Middle of a Crash’: Black Swan [Video]
July 3, 2009 by goldguru · Leave a Comment
The financial system is crashing and action must be taken by the US government to convert debt into equity to produce a more stable environment, Nassim Taleb, author of “The Black Swan,” told CNBC Thursday. Read more….