Friday, the FDIC closed eight banks, three in Florida, two in California, and one in each of three other states: Michigan, Massachusetts and Washington.  So far this year, the FDIC has closed fifty banks,...

Saturday, April 10, 2010, in Phoenix, AZ, the Ludwig von Mises Institute will hold a seminar titled The Inflationary Path to Despotism.  As the title suggests, the seminar will deal with how the debasement...

A recent Financial Times noted that the proposed overhaul of US financial rules threatens the credit ratings of Bank of America and Citibank.  Standard & Poor’s, one of the world’s top two credit...

In moves that should have surprised no one, last week Zimbabwe defaulted on debt repayments and the United States raised its debt ceiling limit to avoid defaulting. Zimbabwe owed Caledonia Mining a mere...

A long-time client, and successful commodities trader I add, sent the below: The following comments come from a Merrill Lynch publication today. “To repeat our Mantra: 1) Whatever MUST happen, WILL...

Many economic/political observers ridicule the suggestion that the massive printing of Federal Reserve Notes (a.k.a. US dollars) could result in hyperinflation.  They have long viewed the hyperinflation...