[video] The Death of King Dollar

Many have predicted that the dollar will eventually fall and this short documentary continues that philosophy. The guys who put this together also claim to have the know how on how to combat this oncoming crisis. I don’t know about that claim but this video should provoke some thought on where our financial system is heading.

[video] Rich Dad “Robert Kiyosaki” Dishes the Truth About “Paper Trash”

People love referencing “Rich Dad/Poor Dad” whenever they speak on economics. Well, lets listen to what Mr. Kiyosaki has to say about volatile economic systems that depend on debtor notes/fiat, or what we commonly refer to as “paper money.” Kudos to Robert, get ya self some Gold & Silver!!  There’s a fortune to be made in a recession.

P.S. His predictions were on point!

Citigroup Says Gold Could Rise Above $2,000 Next Year as World Unravels


via UK Telegraph

The bank said the damage caused by the financial excesses of the last quarter century was forcing the world’s authorities to take steps that had never been tried before.

This gamble was likely to end in one of two extreme ways: with either a resurgence of inflation; or a downward spiral into depression, civil disorder, and possibly wars. Both outcomes will cause a rush for gold.

“They are throwing the kitchen sink at this,” said Tom Fitzpatrick, the bank’s chief technical strategist.

“The world is not going back to normal after the magnitude of what they have done. When the dust settles this will either work, and the money they have pushed into the system will feed though into an inflation shock.

“Or it will not work because too much damage has already been done, and we will see continued financial deterioration, causing further economic deterioration, with the risk of a feedback loop. We don’t think this is the more likely outcome, but as each week and month passes, there is a growing danger of vicious circle as confidence erodes,” he said. Continue reading

[Op-Ed] RIP USA: Dissecting the Death of a Dynasty

By PMoor

On Monday, September 15 the chickens came home to roost. Now, when those words were used 45 years ago to describe the assassination of America’s beloved president John F. Kennedy it caused a rift in the Nation of Islam between Elijah Muhammad and Malcolm X, who erroneously mouthed those sentiments against the wishes of his advisers. We all know how that ended up. So, in the spirit of harmony I ask that you don’t shoot the messenger, I am just stating the obvious.

When the obituary for the American Empire is written, its death will not be attributed to Al Qaeda or Middle Eastern terrorists. The eulogist won’t say that everything came to an abrupt end because the country was on the cusp of electing it’s first “Black President.” No, it may read something more like this: In the end, the wagging dog ate it’s own tail. America, that great bastion of freedom and capitalism was consumed by unprecedented GREED.

Seven score years ago, one of the most tragic events in modern times took place in our beloved City of New York (9/11). An attack took place, that much we know, and the financial heart of the Empire, the World Trade Center was the target. Apparently the plan was to bring America to her knees by crippling her financial markets and destabilizing the economy through FEAR. Did it work? On the contraire, citizens were instructed to go shopping to infuse the economy with a stimulus so that we may fight the terrorist with our ‘wallets.’ Then an amazing thing happened as the wallets parted ways and the cash was delivered: under periods of stress and duress, America flourished. Red, white and blue flags were waving from places where years ago the same flag was burned to a crisp in protest of the Imperialistic agenda these jihadist were raging against. Continue reading

Gold Prices Post Biggest One Day Gain EVER!

via Yahoo

NEW YORK (AP) — Gold prices exploded Wednesday — posting the biggest one-day gain ever in dollar terms — as fears of more credit market turmoil unnerved investors and triggered a flood of safe-haven buying.

Gold for December delivery rose as much as $90.40, or 11.6 percent, to $870.90 an ounce in after-hours trading on the New York Mercantile Exchange after jumping $70 to settle at $850.50 in the regular session. That was the biggest one-day price jump ever; gold’s previous single-day record was a $64 gain on Jan. 29, 1980. In percentage terms, it was gold’s largest one-day advance since 1999.

The huge rally came after the government moved overnight to rescue troubled insurer American International Group Inc. with an $85 million bailout loan. The Federal Reserve stepped in after AIG, teetering on collapse from losses tied to the subprime crisis and the credit crisis, failed to find adequate capital in the private sector. Continue reading