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In The News Today

Dear CIGAs,

Here is someone that understands when paper currency fails, the nationality of that currency increases their transactions in a flight to defend themselves. This can be seen recently in the runs on grocery stores in Iceland. That explodes the velocity of money upwards and delivers hyperinflation right in the middle

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Nothing Normal ABout The Abnormal Circumstances

My Dear Friends,

There is nothing normal about this abnormal set of circumstances.

During the Weimar Experience the “Velocity of Money” went wild on the upside.

Think about this because I vigorously disagree with the normal economic crowd that is vocal today. Under present and upcoming circumstances, monetary inflation of this kind,

Continue reading Nothing Normal ABout The Abnormal Circumstances

Nothing Normal About The Abnormal Circumstances

My Dear Friends,

There is nothing normal about this abnormal set of circumstances.

During the Weimar Experience the “Velocity of Money” went wild on the upside.

Think about this because I vigorously disagree with the normal economic crowd that is vocal today. Under present and upcoming circumstances, monetary inflation of this kind,

Continue reading Nothing Normal About The Abnormal Circumstances

What Happens In Iceland Doesn’t Always Stay In Iceland

Dear Jim,

I believe what happens to the economy in Iceland will be a test-case for the US. Iceland is going for an inflationary depression since the banking system crashed and foreign investors stopped investing in the country. The same is starting to happen in Eastern Europe. I suppose it is only

Continue reading What Happens In Iceland Doesn’t Always Stay In Iceland

Banker Blues: “I should have listened to ‘Chicken Little’”

Dear MineSet guys,

Came across your banking cartoon, and it made me smile, I had an opposite encounter.

I was in my bank of fifteen years this last Monday, happened to see a friend, we’ll call him “John”, who is their senior commercial loan officer. He’s a 38 year old young hot shot

Continue reading Banker Blues: “I should have listened to ‘Chicken Little’”

Central Bank Warns Of Illegal Gold Futures Speculation Risks

Dear CIGAs,

You think this is only in China? Illegality is now the hallmark of almost every market on the planet. The effort has between 13 and 88 days to go. Other major Western national leaders always cooperate with the sitting party of the Administration for re-election.

Central bank warns of risks in illegal

Continue reading Central Bank Warns Of Illegal Gold Futures Speculation Risks

In The News Today

Room for rent – 60 “one ounce Silver Eagle coins” a month (san jose north) Reply to: hous-889292171@craigslist.org [?] Date: 2008-10-22, 11:42AM PDT

Furnished room for rent for 60 one ounce Silver Eagle coins a month. Sorry, I do not accept cash nor checks. I only accept 60 of the “one ounce

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Jim’s Mailbox

Dear CIGAs,

Are people of this ilk not now in the process of bailing out everything everywhere while saving the world financially?

Jim,

In our family we decided to move straight to the top by substituting cat food for steak. Inflation? What inflation!

Up until the Boskin/Greenspan agendum surfaced, the CPI

Continue reading Jim’s Mailbox