The Role Of Precious Metals As Special Drawing Rights Emerge in European Bailout

SDRs, or special drawing rights, are a type of off-the-wall currency floated around the International Monetary Fund. In order to keep everything clean, orderly and honest, (as much as it can be with an institution more powerful than most national governments), the IMF created the SDR to easily exchange a country’s reserves for individual [...]

Chinese Government to Citizens: Buy Gold and Silver

Historically, the Chinese have exerted very little impact on speculative investments; however, times are certainly changing.

Preparation For Hyperinflation

Who’s the biggest borrower today?
The United States of America. At 12% of GDP, its deficit is more than twice as large as that of France. It already owes Japan and China as much as Germany owed its former enemies in reparations – adjusted to today’s money.
While the private sector during the bubble years brought U.S. [...]

A Whole Lot Of Debt And The Beauty of Silver Coins

“History doesn’t repeat itself, but it does rhyme.” – Mark Twain

What are we going to do about all the debt?
We have a lot of it, the only way to pay it back is to lower the value of the dollar – a devalued dollar means loss of purchasing power, which means inflation…which means you need [...]