Category: economics

Gerald Celente purchased six figures worth of gold futures, with the intent of taking physical delivery He won’t be. Jim Willie tells us: The CME has advised that 1.42 million ounces of registered COMEX silver inventory is unavailable for delivery due to MF Global bankruptcy, as well as 16,645 registered ounces of gold also unavailable for delivery. He tells us that there will be naked shorting of gold, but it seems to me that MF Global was already doing naked …

At 41 seconds into the ad, the speaker says:  “We can do this, we can take this country back”, and takes a drag on a cigarette. So who are we taking it back from?  We are taking it back from the scolds and self righteous naggers.

The value of the US dollar has risen, as valued by gold and by the fiat currencies of countries that are relatively solvent. The apparent cause of this is not that there has been any improvement in the prospects for the US dollar, but that a chaotic dissolution of the Euro zone looks likely, so traders are switching to the most liquid asset that there is.

Because Herman Cain has black accent, and tends to use simple sentences to express himself, while Barack Hussein Obama has a ruling class accent, I initially got the impression that Obama was smarter.  I should have known better. Herman Cain will answer tricky questions extempore.  No teleprompter for him.  Who then is smarter?   He has lots of facts at his fingertips.   If someone expresses himself simply, it is apt to indicate he cannot express, nor understand, complex ideas, but if …

Governor Romneycare is, or was, the establishment Republican nominee.  When his campaign turned out to be dead on arrival, Rick Perry was the emergency backup establishment republican nominee.  But Herman Cain now leads 28% to 17% Herman Cain has from the beginning been the main Republican Republican nominee.  Back in May I said “It is a long, long way to the 2012 presidential elections, but they are Herman Cain’s to lose.”   They still are.