InvestorMind

Jim Rogers in the interview said, “If the US dollar turns into confetti there is no high for the price of gold because the dollar will become worthless.” He's also suggesting you invest in Myanmar also known as Burma.

The stock market is up big time today. The Dow Jones is up 400 points as of this writing. The major central banks agreed to ease the strains in the European credit markets. The Federal Reserve agreed to provide cheaper dollar funding to the European Central Bank which can then provide cheaper dollar loans to European banks. We're not going to see an end to any money printing anytime soon.

Money As Debt is a fast-paced and highly entertaining animated feature by artist & videographer, Paul Grignon. It explains today's magically perverse DEBT-MONEY SYSTEM in terms that are easy to understand. Check out his website: http://www.moneyasdebt.net/ Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal, there is no human relation between master and slave. Debt- government, corporate and household has reached astronomical proportions. Where does all this money come from? How could there BE that much money to lend? The answer is...there isn't. Today, MONEY IS DEBT. If there were NO DEBT there would be NO MONEY. If this is puzzling to you, you are not alone. Very few people understand, even though all of us are affected.

SocGen has released its much anticipated Multi Asset Portfolio Scenario/Strategy guide titled simply enough "Patience: bad news will become good news" where, as the insightful can guess, the French bank makes the simple case that the worse things get, the stronger the response by global central banks will be. Here is the key quote for those worried that : "A major liquidity crisis should not occur this time, as we think we are on the eve of major QE in the UK, US and (a bit) later on in the EZ." We don't disagree and if there is anything that can send BAC higher it will be the announcement of QE3. Of course, BAC will first drop to a $2-3 handle so question is who has the balance sheet to hold on to the falling knife. The next question is "How big will QE3 be"? Well, according to SocGen, the Fed will preannounce it in the January 2012 FOMC statement, the monetization will last from March 2012 until the end of the year, and will buy a total of $600 billi

Belgium downgraded by S&P from AA+ to AA. Outlook negative Hungary downgraded to junk by Moody's Italian 10 year bonds rise above 7% Bloomberg: Record Gold Hoard Spurs Bullish Bets Billionaire Eric Sprott Asking Silver Producers to Save in Silver

Back in August, the news that Venezuela ruler Hugo Chavez had decided to repatirate his gold from London vaults made headlines and was one of the key catalysts sending gold to its all time highs north of $1900/oz. Since then the story died down with no updates. Until today: Bloomberg has reported that Venezuela will receive the first shipment of gold reserves being repatriated from U.S., Canadian and European banks today. "Chavez, speaking on state television, said that the bars will be escorted to vaults in Venezuela s central bank by the military after arriving by air to the South American country. The gold that was over there in England will soon be arriving, said Chavez. The opposition says that I'll put the gold in the presidential palace or give it away to Cuba or something. This gold is going back to where it should have never left -- to the Central Bank of Venezuela. Chavez, a former paratrooper and self-professed socialist, in August ordered the central bank to repa

Alessio Rastani, the controversial trader who was interviewed on the BBC saying Goldman Sachs owns the world posted this on his Facebook account recently. I have no idea of it's true, but it could be something. UNCONFIRMED: Two of the world's largest financial institutions are on the brink of collapse - one of them facing bankruptcy by end of January 2012. Both of these firms are heavily exposed to JUNK EUROPEAN DEBT and they are classed as TBTF. Inside sources say that a THIRD bank is also involved - and the third bank is NOT based in Greece, Spain or Italy - but in the UK. The systemic risk posed by this UK firm is estimated as MF Global x 10 - placing many hedge funds at huge risk. <----- (I have no idea whether the information is true, I cannot confirm it, but I can say it comes from reliable and trusted inside City sources. I cannot disclose any names of firms for legal reasons). My feeling is this information may be priced in since Monday's decline.

A report from Reuters today says that the German 10-year bond auction was a disaster. The low returns offered by the bonds deterred investors. The returns offered was just 2 percent annually over 10 years. The returns were pushed to the 2 percent due to demand from investors running towards German Bonds as a shelter from the debt crisis that threatened Greece, Spain and Italy. The bond market is one of the best indicators of the state of a country's economy. With very little interest in German bonds, the market is now showing that it is starting to think twice about investing in Germany considering that Germany is now underwriting a lot of Eurozone debts. Full story from Reuters .

Gerald Celente, Founder of http://www.trendsresearch.com/, and Alasdair Macleod, of the GoldMoney Foundation, talk about his work at the Trends Research Institute. Gerald talks about himself and how he started covering global trends. He talks about his experience in politics and how he became a political atheist. They talk about the role of fiat money in creating our economic problems. Gerald Celente explains that he has been looking at gold since the beginning of the bull market, he missed the low of 250$ per ounce by only 25$. They talk about 1987, the bubble of the 1990s and the money printing that caused it. They talk about the lowering of interest rates after 2001. Gerald calls it cheap money: 'the more you print the cheaper it gets'. He says that digital dollars are not worth the paper that they are not printed on. They talk about the panic of 2008 and how every central bank started printing massively to "keep the Ponzi scheme going". They talk about gold an

To some, only "Lunatics and Hacks" believe in gold and a system based on real money. To others, one look at the chart below showing the relative performance of gold and the S&P YTD is enough to determine who the lunatic and hack truly is. From Zero Hedge .

Interview with James Turk, founder of Goldmoney Foundation.

Though late to the party as usual, the proverbial man on the street – along with members of mainstream media and Wall Street heavyweights – is finally waking up to the decade-long, 700% increase in the price of gold, joining a growing buzz around the monetary metal. From questions whether gold is in a bubble to predictions that soaring prices are just around the corner, one thing is clear: a new phase of awareness for gold is upon us. How far might it move before these troubling times are over? The Big-Picture Economic Environment Kicking things off, I would like to explore several themes in order to put the current economic situation in context. For example, continuing weakness in employment and housing indicates that the big slowdown that started in 2007 persists. Actually, the economy never exited the recession but rather – thanks to massive intervention – enjoyed a temporary reprieve that I have called the "Eye of the Storm." We experienced the first part of the s

“So the contagion is the first reason for concern. The second reason for concern is it’s taking so long for them to find this so called missing money, which I find shocking. It’s been three weeks now since the MF Global bankruptcy was declared and they started talking about $600 million of missing funds. So I’m not too surprised that now they are talking about $1.2 billion of missing customer funds. I think they are just trying to delay the inevitable as to how bad the situation at MF Global really is. I go back to compare it to Refco, which I think collapsed back in 2005. The interesting thing is that there were huge losses in Refco and people ended up going to jail as a consequence of the fraud and misuse of funds and faulty accounting within Refco. But the customer money was safe and was returned to customers within a matter of days, unlike what we are seeing today with MF Global. This thing has been dragging on and contagion is always the real issue in a inter-linked fin

Eric Sprott, the Canadian Hedge Fund manager who runs Sprott Asset Management has recently filed a prospectus for a new offering of up to $1.5 billion of new Physical Silver Trust. This is a huge buy and could huge for silver investors. Although it cannot be directly proven, the last time Sprott bought a lot of silver for the trust, the price of silver went from $18 to $50 in 5 months. Here's the Globe and Mail article .

THE United States has announced fresh sanctions against Iran's energy sector and warned firms against dealing with Iran's financial sector, as it tries to ''sharpen'' Iran's choice to pursue nuclear weapons. Secretary of State Hillary Clinton, unveiling what she called a ''significant ratcheting up of pressure on Iran'', said today that the US is targeting Iran's energy sector directly for the first time. ''Recent days have brought new evidence that Iran's leaders have continued to defy their international obligations,'' said Clinton. Detailing sanctions against goods, services and technologies for the vital petrochemical sector, Clinton said ''there have to be consequences of such behaviour''. Iran's energy sales are thought to account for around 70 per cent of the government's budget and are crucial to the broader Iranian economy. In tandem Treasury Secretary Timothy Geithner issued

Saw this cartoon on Jim Sinclair's Mineset today. Pretty much what we're all waiting for in the world.

Kyle Bass is the founder of Hayman Capital Hedge Fund who made millions betting against subprime mortgages and is now betting on the collapse of Europe. Here's an interview of Kyle Bass on BBC's Hardtalk. Some quotes from the interview. ""Buying Gold Is Just Buying A Put Against The Idiocy Of The Political Cycle. It's That Simple!" "They Have A German Pope And An Italian Central Banker"

This is what's probably happening to your money in the bank now.

So fiat currency is destroyed and in the end, the only real money is gold. Nice job Cobra Commander.

Patrick MontesDeOca : Mr. Sprott, can you please give us the current situation in terms of price in the silver market? What you might see in the short term as it unfolds in the next six to twelve months, what is your forecast? Eric Sprott: Sure, I take a longer term view than six to twelve months. I’ve been involved in silver for about probably almost ten years now and of course the price of silver has done wonderful things in that time period even though recently it has come under a lot of pressure. My thesis being that even though the last decade has been the decade of gold, this decade will be the decade of silver. I can only imagine that it will go back to its historical relationship to gold of 16 to one in term of price. And as an example of 16 to one, with gold at $1600 it would suggest that the silver price should be $100. And most of the data that I look at certainly as it pertains to day to day markets, and I don’t mean the Comex, we're not talking about th

With Max Kaiser and Directed by Stacy Herbert. It happens all over the world, but it's been a long, long time since a European country has had the experienced. Default. National bankruptcy. Here's what happens when a country goes broke.

Gerald Celente founder and director at Trends Research Institute and publisher of the Trends Journal tells us how he has become a casualty of MF Global's bankruptcy to the tune of six figures! And while MF Global went belly up due to bad bets on European sovereign debt, Celente says the eurozone is next to go. Celente responds to Nouriel Roubini's forecasts of an exit from the eurozone. This after technocrats are installed in Rome and Athens to calm markets. Yet we see Italian and Spanish bond yields on the rise. Meanwhile, Spanish, French and Belgian CDS hit new records.

Man, this last 36 hours has been no fun at all. But, at least I don't work for MFing Global. I feel awful for the good employees from the former Lind-Waldock. Sucks. It just plain sucks. Sucks for me, too. In order to buy some out-of-the-money, 2012 gold and silver calls, I just sent them a check last week. My bank informed me this morning that they can't stop payment because the check has already cleared. Shit. That money is either gone for good or, at a minimum, tied up for a long time to come. For all of you who are clients of MFing Global because you had heard such good things about Lind through this website, I am truly sorry. Of course, none of us could have seen this coming but I feel terrible, nonetheless. I'll be doing some research on this end and, when I decide upon another futures/options broker, I'll be sure to let you know. That is, IF I decide on another broker. Someone posted this on the previous thread. It's an email sent last night from a commod

With gold and silver consolidating, today King World News interviewed acclaimed money manager Stephen Leeb, Chairman & Chief Investment Officer of Leeb Capital Management.  When asked about the tremendous pessimism in gold, Leeb responded, “You are right about the pessimism and I just wouldn’t be surprised to find gold trading at $2,000 by the end of the year.  I think the breakout is legitimate and the pullback is natural.  I don’t know where else to put money except for gold, silver and maybe a few other commodities.  Even if gold doesn’t follow through, as I expect it will, it doesn’t mean a thing.  There is no other currency out there that can even remotely replace gold.” Continue reading