Total U.S. national debt hit a new record high overnight at over $18 trillion as the Obama administration continues to pile debt onto the back of the U.S. taxpayer at a rate that would have made George W. Bush look prudent.

Where's zee gold...Bitch!

Can there be a currency war without victims?  Why hasn't any official accused Japan of a currency war? 

"Let me be clear, there is no Fed equity market put." Bells are ringing for stocks...

Our nations (Western nations) are rapidly going bankrupt. This is not a suggestion or an assertion. It is a simple fact of arithmetic, for anyone capable of operating a calculator, and who can understand the concept of “compound interest”. Indeed, the bankruptcy of these already-insolvent regimes has only been delayed via permanently (fraudulently) keeping interest rates frozen at near-zero – to minimize their already gigantic interest payments.

You will note something quite interesting: up until October 2011, commodities and equities had an awfully strong positive correlation.

Today the Euro is on the cusp of breaking critical support. Draghi will likely see this as a success (he wants inflation). More likely, it will bring in another round of the EU Crisis (the same line was hit when Greece imploded in 2010 and when Spain imploded in 2012).

Switzerland’s ‘Save our Swiss Gold’ referendum was convincingly rejected yesterday by the Swiss electorate following an aggressive anti-gold campaign in recent weeks that had been closely watched both in Switzerland and abroad. 

Unusually, it involved the Swiss National Bank (SNB) very actively, and ultimately successfully, trying to convince the electorate along with the main political parties to return a ‘no’ vote.

Money is stored labor. Labor is part of human life. To devalue money is to debase life itself.

Have a fractal trading day...

It was recently reported in the news that Walmart is engaged in a(nother) “food drive” to help feed the needy. Isn’t that nice? Well, it would be, if it weren’t for the fact that the “needy” in these food-drives are its own employees. “Let’s succeed by donating to associates in need,” says the sign in an Oklahoma Walmart.