This rumour could become TNT for the USA. Newsletter publisher Harry Schultz who correctly forecast the 2008 stock tsunami and outperformed the market more or less as long as he invests, comes up with truly hot stuff. In its current issue the Harry Schultz Letter (HSL) (via Marketwatch , HT John ... Read more

If your small-time loan you need for your kid's bracelets is denied by your bank's customer representative, you have every right to go berserk. The European Central Bank (ECB) came up with one of their ominous "innovations" on Wednesday that essentially is nothing else than a new form to print stil ... Read more

While the currently ongoing two-day meeting of the Federal Open Market Committee (FOMC) is probably not only discussing the state of the US economy but also how to maintain the global attraction status of its only product, Federal Reserve Notes (FRNs) in unlimited amounts which they prefer to call t ... Read more

Do you know the story about 3 investment bankers who fled to a remote uninhabited island? The guys were so happy when they discovered an old printing press and a cartload of paper. One year year later they were all "rich." ... Read the full post ... Read more

Click the form for a larger image, print it, fill it out and send it to Treasury Secretary Timothy Geithner. Fax a copy to president Barack Obama for quick processing if bailout exceeds $10 billion. Courtesy of Bruce Feirstein for Vanity Fair ... Read the full post ... Read more

As this list of silver companies published in 2007 has become the most-read blog post this year I felt compelled to update it. Compiling a list of silver companies is controversial as there are only very few pure silver plays. The white metal is mostly mined in combination with gold or base meta ... Read more

Mint.com has drawn this graph depicting the distribution of the world's most important resources (diamonds may not exactly fall into this category.) Click on graph for a larger image. From a European point of view it is most disturbing that the old world does not show up in a single cate ... Read more

My initial task for the day - updating and extending this list of silver mining companies - has suddenly become a less important priority. Bloomberg writer Meera Louis (compliments!) put a story on the true potential cost for the bailout of the EU banking sector on the wire that makes me look fo ... Read more

As I am still looking out for these mysterious "green shoots" in vain that seem to be visible only for the talking heads at CNBC, here are 2 charts that make me wonder whether the current nosedive of the US economy may become the longest recession/depression in the history of the new world. GRA ... Read more

Is there anybody left who still thinks deflation may pose a problem in the future after looking at this horrific chart? Arthur B. Laffer has penned an article for the Bubble Street Journal (WSJ), arriving at the conclusion that hyperinflation is not a possibility but a must, given the panick ... Read more