InvestorMind

The G8 meeting in Camp David was focused on saving Europe from its economic nightmares. World leaders discussed Greece and its severe debt crisis, trying to figure out how to save the eurozone. The Great Recession struck the world nearly four years ago, but the aftershock is still being felt. And it's unclear when the economy will finally start to recover, and where its new center will emerge. So are there any signs of light at the end of the tunnel? RT talks to one of the insiders of the world financial elite, co-founder of the Quantum Fund, Jim Rogers.

Today John Embry told King World News, “This situation is unprecedented. The world has never, ever been in a condition like this.” Embry, who is Chief Investment Strategist of the $10 billion strong Sprott Asset Management, also told KWN, “anyone that is complacent will be shocked at the chaos that is heading our way.” Here is what Embry had to say about the situation: “I think we’re in an extraordinary place. It’s becoming obvious that Europe is imploding, and the powers that be really don’t have any solutions. I’m very worried about China. Lawrence Summers recently said China may have a year in which it only grows 7% in the next decade.” John Embry continues: “I would view that as a positive if they only had one year where they grow 7% because I really think China is going to regress as well. We’ve talked about the situation in the US. I don’t believe the US economy is going anywhere, despite the enormous fiscal and monetary stimulus. As a result, the markets are start

Mark Dice tries to sell a 1 ounce solid gold coin for $25 outside of a coin shop in San Diego, CA. HINT- It's worth WAY more than $25, but does anyone want it? Kind of makes you wonder if the bull market in gold is over doesn't it? Even with all the hype about gold, the average American still doesn't really care for it.

Welcome to Capital Account. Minutes are out from the Federal Reserve's latest open market committee meeting, which means everyone is looking for what the Fed will do next in order to manipulate rates and thus economic reality. But what are the consequences of this manipulation? Jim Rickards, author of the bestselling book Currency Wars, is here to talk about them. And it's world debt day in the UK, and a number of other countries -- it's a campaign demanding an end to developing world debt. But how about demanding an end to the developed world's debt? Is that what these campaigns should be calling for, as the US gears up for another debt ceiling showdown? And as more than one-point-two billion euros fly out of Greek banks at the start of this work week alone, we wonder aloud how much longer the ECB will continue to hold the roof while Greeks sprint for the exits? And speaking of sprinting for the exits of debt, check out who may be standing in front of the doorway.

12-year old Victoria Grant explains why her homeland, Canada, and most of the world, is in debt. April 27, 2012 at the Public Banking in America Conference, Philadelphia, PA. For more information see http://www.publicbankinginstitute.org.

May 14 (Bloomberg) -- Bloomberg's Stephanie Ruhle reports on Jamie Dimon's disclosure of JPMorgan's $2 billion trading loss, how regulations may have forced his hand in revealing the loss and that there may be further losses yet to come. She speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)

NEW YORK (Commodity Online): The International Monetary Fund (IMF) is planning to purchase more than $2 billion worth of gold on account of rising global risks. The IMF currently holds around 2800 tonnes of gold at various depositories. “The Fund is facing increased credit risk in light of a surge in program lending in the context of the global crisis. While the Fund has a multi-layered framework for managing credit risks, including the strength of its lending policies and its preferred creditor status, there is a need to increase the Fund’s reserves in order to help mitigate the elevated credit risks”, Bloomberg quotes a report by an IMF staff while also adding that a $2.3 billion gold purchase is in the planning. IMF's borrowers include Eurozone countries like Greece and Portugal. Greece is IMF's biggest borrower and the nation is currently caught in a political deadlock that seems bent on denying itself the much needed bailout fund. Countries like Spain is also officia

When news broke of a 2 billion dollar trading loss by JP Morgan, much of the financial world was absolutely stunned. But the truth is that this is just the beginning. This is just a very small preview of what is going to happen when we see the collapse of the worldwide derivatives market. When most Americans think of Wall Street, they think of a bunch of stuffy bankers trading stocks and bonds. But over the past couple of decades it has evolved into much more than that. Today, Wall Street is the biggest casino in the entire world. When the “too big to fail” banks make good bets, they can make a lot of money. When they make bad bets, they can lose a lot of money, and that is exactly what just happened to JP Morgan. Their Chief Investment Office made a series of trades which turned out horribly, and it resulted in a loss of over 2 billion dollars over the past 40 days. But 2 billion dollars is small potatoes compared to the vast size of the global derivatives market. It has bee

Chris Duane of TheGreatestTruthNeverTold.com put together a little video that puts Munger’s negative comments on gold into perspective.

“Sooner or later,” said Eric Sprott last week in Toronto, to a room full of investors, “the physical markets will defeat the paper markets.” Mr. Sprott, who founded and runs Canada’s Sprott Asset Management Co., was on a roll. His argument was, basically, that the stock markets of the world are gamed by the traders and eventually it’ll all fall apart. One major piece of evidence for the gaming is that most of the daily volume anymore seems to be computerized trading. People (and computers) trade for the sake of trading. There’s neither rhyme nor reason based on fundamentals, let alone the nature of the company whose shares are under the gun. Mr. Sprott is also concerned at mushrooming growth of derivatives. This part of modern finance is based purely on financial vaporware. There’s no relation to creating underlying wealth. For example, one company might have a trading program with a slightly positive bias, and so buys and sells accordingly. Another has a trading program with a s

Scary. Source

Warren Buffett's right-hand man doesn't like gold any more than his boss does, Charles Munger told CNBC Friday on the eve of Berkshire Hathway's annual meeting. "Gold is a great thing to sew into your garments if you’re a Jewish family in Vienna in 1939," the Berkshire vice chairman said, "but I think civilized people don’t buy gold, they invest in productive businesses." Munger, 88, said he loves Berkshire Hathaway's [BRK.A 121950.00 150.00 (+0.12%) ] portfolio of such businesses, which includes, among many others, the Burlington Northern railroad, specialty chemicals firm Lubrizol and Geico insurance. "We just have a wonderful portfolio in business, if you average them out," Munger said. "By and large they're doing productive, useful work. It’s not outsmarting the computer systems in the trading markets." For the most part, he agrees with Buffett's "simple" investment strategy, which he said is

This is an 'Insiders' report that was sent out to our customers a few weeks ago, advising of the impending inverse head and shoulders pattern forming on the gold and silver charts. Usually these videos are for our Insiders only, but every now and then we release one to the public so that folks can see one of the main benefits of being a GoldSilver.com Insider: we let our customers know how we are investing as this bull market unfolds, sharing our research and analysis. In this case, Mike and many of the team here at GoldSilver.com had made large purchases of US Silver Eagles, warranting this update video. We have had many questions of late as to what the Insiders program entails, so we have made a short info clip on it at the end of this video. If you have any questions, please check our website or call 1-888-319-8166 Mike also points out in this update that the European crisis is worsening, and there are now even more nails in the dollar's coffin than before. Human natur