Alan Greenspan: "The Financial System Is Broke"

Marc Faber recommends: invest in a farm surrounded by barbed wire and guarded by Dobermans.

 Gene Arensberg: Gold a buy, silver not quite yet

 Gold Promises and Currency Lies

Ever Wondered How You Know You Are In A Depression? David Rosenberg Explains


Jim Rickards Compares The Collapse Of The Roman Empire To The US, Concludes That We Are Far Worse Off


S&P Priced In Gold: Comparison Between The Great Depression And Now


Warren Pollock Warns Of Emergency Drug Shortage As EMTs Told To Go To "Alternate Protocols"


What to Expect if Bush Tax Cuts Expire. The congresscritters in Washington are so desperate for revenue that they will likely reanimate both the higher income taxes and capital gains taxes. I predict that this will shut down the economy. Some optimists will call it a "double dip" recession.


Ireland: selling the family silver; Ireland prepares for a fire sale of national assets to pay debts.


The Daily Bell interviews Dr. Walter E. Williams: The Tyranny of the Majority, the US Federal Budget and Free-Market Thinking.


Bank Failures on Two Coasts Stretch Toll for Year to 108.



Jim Sinclair’s Commentary

John Embry is spot on. The title tells you all.

Gold’s On The Cusp Of A Parabolic Move Up John Embry
Gold moved to several new all time highs in the month of June despite the absence of any overt enthusiasm for the yellow metal amongst the general public. Sentiment is remarkably negative when one considers the fact that were it any other asset class making new highs in a powerful multi-year bull market, the mainstream press would be trumpeting the news and the public would be falling all over themselves to buy.
Link to full article…

 

 

1938 Roosevelt's Secretary Treasurer said, "Mr. President we have spent more money than we have ever spent in the past and it's not doing any good. Unemployment is just as bad as it was and all we've accomplished is we've gotten into more debt and spent more money." That is the same thing Treasurer Secretary Geithner can say today to President Obama, "We have spent more money, but unemployment is the same; in fact it's higher than when he took over the office."