The Miser and the Monkey

Molten gold down your throat A very clear message Thank God they're only after the gold and silver. They don't know about jade. -Mon...

Like unstamp'd Gold, I weigh each grace, So that you may collect Th'intrinsique value of your face Safely from my respect....

James Fisk's testimony:

Fed passes China in Treasury holdings ...or insanity ? By Michael Mackenzie in New York Published: February 2 2011 00:01 | Last updated: Feb...

On July 4th, 1974, Louise Auchincloss Boyer's dead body was found beneath the window of her 10th floor apartment. Three days prior, a ne...

The swap rate is the difference between the forward price and spot price. The inverse of the swap rate is sometimes called basis. Spot price...

For all of silver's virtues, which are many and profound, the general populace is less inclined towards silver than the ruling class is ...

New Orleans slaves were the Brent Crude of early 19th Century America.

Gold is an excellent conductor of heat, electricity, and value. Wealth can easily flow through gold–––and without tarnish or corrosion. Outp...

Which one would J.P. Morgan hire, the Miser or the Monkey?

...the Ichimoku storm clouds forming in the distance.

http://www.ritholtz.com/blog/wp-content/uploads/2008/12/case-shiller-chart-updated.png

Yet each man kills the thing he loves, By each let this be heard,  Some do it with a bitter look,   Some with a flattering word,  The cowar...

The Gordian Knot of Debt will be cut. And the collapse will be swift.

If you don't know what this word means, don't worry. You will very soon. 

How much longer until you lie down to rest in your own financial grave?

Implosion is inevitable.  Little genuine money exists in the global economy, only debt parading as money. The amount of planetary debt is un...

Fiat tulip bulbs anyone? Ask the groundskeepers of Keukenhof how well those would grow.

Interest rates for the Bank of England are at an all-time, 315-year low. Note the stability in interest rates before The Family overtook Th...

*Does not include the current and all future stimulus/spending programs.

Gold is for the mistress -- silver for the maid -- Copper for the craftsman cunning at his trade." "Good!" said the Baron, si...

When central banks can no longer control the price of money, they sometimes resort to quantitative easing, a policy whereby they may attempt...

Enjoy it while it lasts.

Did the Maximum Price Act of 1793 save the Assignat?

Anyone remember Willis C. Hawley and Reed Smoot?

And so have many other families. These are the times in which leaps of wealth are made. How many realize the United States dollar has, at be...

Clearly, there is nothing we can learn from Tulip Mania.

"Why 355%?" I'll let Niall Ferguson field this one. This is all about debt right now. This is the end of the age of leverage. ...

Gibson's Paradox and the Gold Standard by debt apologists Lawrence Summers and Robert Barsky is one of the most tortuous justifications ...

It's debt as currency and currency as debt. 

"Who is he anyhow--an actor?" "No." "A dentist?" "Meyer Wolfshiem? No, he's a gambler." Gatsby h...

....the previously mentioned 355% and also Pakistan.

It's getting more difficult for the United States to export its debt. China and other countries are now buying fewer treasuries, of shor...

A man amass’d. The thing, we know, Doth often to a frenzy grow. No thought had he but of his minted gold– Stuff void of worth when unemploy’...

Proposed legislation to regulate the derivates markets is not actually about regulation. It's about appeasement and control. Can derivat...

But you can try if you wish. Good luck

Pop Quiz. The International Bank of Derivatives and Paper Promises just went broke. You're now left with the counter-party risk. What ha...

Do you believe JPMorgan and others actually apportion their balance sheets to allow for losses in money-market funds? They've already fo...

You're approaching the event horizon of the Black Hole of Debt.  What's the magic number? Deleveraging is inevitable. Trade wars wil...