Sympathy For The Devil?

Trouble in paradise for the bankers
Friday, May 5, 2017, 3:32 PM

We're at the point where those at the apex of power are becoming increasingly desperate to maintain their unfair advantage.

And as the economic pie refuses to grow due to the twin overload of too much debt and declining net energy, these apex predators will turn on each other -- first to maintain their spoils, and then simply to survive. » Read more


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Banks Are Evil

It's time to get painfully honest about this
Friday, March 17, 2017, 8:05 PM

I don't talk to my classmates from business school anymore, many of whom went to work in the financial industry.


Because, through the lens we use here at to look at the world, I've increasingly come to see the financial industry -- with the big banks at its core -- as the root cause of injustice in today's society. I can no longer separate any personal affections I might have for my fellow alumni from the evil that their companies perpetrate.

And I'm choosing that word deliberately: Evil. » Read more


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Off the Cuff: Eventually Fundamentals Win Out

Despite the system doing everything it can to prevent it
Thursday, June 4, 2015, 6:08 PM

In this week's Off the Cuff podcast, Chris and John Rubino discuss:

  • Senseless Markets
    • Today, they only serve as a "liquidity gage"
  • Negative Data Everywhere
    • Economic growth is moribund despite the historic stimulus
  • Setting The Market Free
    • 100% in our best interest, but will be fought the entire way
  • Eventually Fundamentals Will Win Out
    • You can bend the laws of nature for a time, but you can't break free of them

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.  » Read more



How The Federal Reserve Is Purposely Attacking Savers

But bungling badly as it does
Monday, October 20, 2014, 12:36 PM

There's something we 'regular' citizens wrestle with that the elites never seem to: a sense of moral duty.

In a perfect world, we would honor our debts and obligations, every one of us. But the world is an imperfect place ,and moral obligation is something that almost never enters into the decision matrix of our society's richest. Or the banking industry.

This chapter of the new Crash Course series has not yet been made available to the public.

Each week over the rest of 2014, in sequential order, a new chapter will be made publicly available (we've currently published up to Chapter 6)

If you don't want to wait, you can:







Sandra Cunningham/Shutterstock

Are You Crazy To Continue Believing In Collapse?

That it hasn't happened yet doesn't mean you're wrong
Wednesday, March 5, 2014, 5:16 AM

It’s nerve-wracking to live in the historical moment of an epic turning point, especially when the great groaning garbage barge of late industrial civilization doesn’t turn quickly where you know it must, and you are left feeling naked and ashamed with your dark worldview, your careful preparations for a difficult future, and your scornful or tittering relatives reminding you each day what a ninny you are to worry about the tendings of events.

Persevere. There are worse things in this life than not being right exactly on schedule » Read more

Daily Digest

Image by moneyblognewz, Flickr Creative Commons

Daily Digest 6/13 - Companies Scramble For Consumer Data, Technology And Freedom

Thursday, June 13, 2013, 10:26 AM
  • Global Tumult Grips Markets
  • The Avatar Will See You Now
  • Neil Macdonald: Obama's whistleblower conundrum
  • Chinese Prepare for Public Flood into Gold
  • 60% chance of global recession: Pimco
  • Technology and freedom: iSpy
  • Companies scramble for consumer data
  • Rick Rule: How He'd Invest $100,000 In Gold Right Now
  • Only 41, ex-Ficano aide to start collecting estimated $96,000 annual pension
  • What Helps Organic Soils Store More Carbon?
Daily Digest

Image by Fotos GOVBA, Flickr Creative Commons

Daily Digest 5/31 - Deny, Deny, Deny; Doctors Give 8 Minutes Per Patient

Friday, May 31, 2013, 11:19 AM
  • Are We There Yet?
  • Global warming caused by chlorofluorocarbons, not carbon dioxide, new study says
  • For New Doctors, 8 Minutes Per Patient
  • Chilean president politely reminds Canadian business to follow the law
  • Social breakdown now trumps markets as eurozone’s greatest threat
  • Deny, Deny, Deny
  • Will Saudi Arabia Allow the U.S. Oil Boom? Interview with Chris Faulkner
  • GMO Wheat Found In Oregon Field. How Did It Get There?
Daily Digest

Image by Adam Arthur, Flickr Creative Commons

Daily Digest 5/16 - Farms Feeling The Pinch, The Bank Shakedown That Could Ruin Your Life

Thursday, May 16, 2013, 11:38 AM
  • Opinion: Sell financial advice or products, not both
  • French recession: Farms feeling the pinch
  • How to skip lines at Disney: Hire a disabled ‘escort’ on the black market — only $1,040 a day
  • Gold & What I Know For Certain
  • Gold Daily and Silver Weekly Charts - South Africa Imports $1 Billion In Gold Bullion From NYC?
  • Timelapse
  • William Kaye: Founder, Vice Chairman and Senior Managing Director of the Pacific Alliance Group of Companie
  • A New Chapter In Currency Wars – Russia Joins The Game
  • Richard Cordray and the CFPB Are Monitoring Your Banking Habits
  • The Vicious New Bank Shakedown That Could Seriously Ruin Your Life
  • Student Debt and the Crushing of the American Dream
  • Brits Are Now Poorer Than The French, Swiss, Belgians, Swedes, Austrians, Aussies And Canadians
  • Six-figure salaries no draw as young workers shun Canada’s oil and gas sector for ‘sexier’ industries
  • Goldman Sachs hires particle physicist from the Large Hadron Collider
  • Produce Industry’s Food Safety Push Takes Toll on the Environment
  • Which way will the Alberta oil pipeline go after Christy Clark’s win?
  • Commander Hadfield Shows Us What Science Communication Could Be. Visually.
  • Maps show impact of overcutting old-growth forests, conservation groups say

Protecting Your Wealth from Deflation

And from a broken system run for the benefit of the banks
Monday, April 15, 2013, 5:18 PM

Executive Summary

  • The current gold slam has *nothing* to do with the fundamentals for precious metals, which are very favorable right now
  • How bad would deflation be?
  • Evidence that deflation is arriving
  • Why our current monetary system has become so compromised by the banks
  • How to best protect your wealth from both deflation and the banks

If you have not yet read Part I: This Gold Slam is a Massive Wealth Transfer from Our Pockets to the Banks, available free to all readers, please click here to read it first.

About Those Wealth Transfers

The biggest news of the recent past is the flow of gold from West to East. 


With China importing 835 tonnes of gold in 2012 that we know about (and they may well be doing more under the table for official purposes) and also standing as the number one producer of gold, with ~360 tonnes of domestic production, none of which is exported, China is consuming at least 44% of total yearly world gold production.

Connect that with India importing between 200 and 300 tons per quarter (2011 imports were 967 tonnes, and 2012 was 864 tonnes), and this represents another 33% of total world mine output.  Add in Russia buying more official gold, and you suddenly find that a commanding proportion of the newly mined gold in the world is headed East, where it used to stay largely in the West.

To be clear, I view gold as money and therefore wealth itself.  Everything else that can be manufactured out of thin air is merely a claim on wealth.  In these terms, the West is slowly but steadily bleeding control of wealth to the East, something I thought our leaders were both aware of and focused on.

Knowing the lower prices will only exacerbate this West-to-East flow, I therefore thought that the bullion banks and central banks would not have dared push that dynamic any further.   But apparently no, obviously I was wrong, which pains me on several levels.

Add to this the various things going on in the world today, and I honestly thought we were in the most gold-favorable landscape of my life.


  • Negative real interest rates (powerfully gold- and commodity-friendly throughout history)
  • North Korea threatening nuclear and conventional war
  • Open confiscation of wealth in Europe from bank accounts
  • Japan doubling their monetary base in a brazenly desperate bid to stoke inflation by attacking Japanese trust in their own currency
  • Extremely unfavorable bond yields up and down the yield ladder
  • Continued European stress and discord with the possibility of a Eurozone disintegration

Taken together, this level of system, sovereign, and institutional uncertainty is about as gold-friendly a situation one could concoct... » Read more