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Japanese Finance Minister Says, “Japan is Fiscally Worse Than Greece.”
The Japanese Finance Minster, Yasushi Kinoshita, stated that, “”Japan is fiscally worse than Greece.” This statement is huge. At a conference in Japan, the Finance Minister also noted that in 2011 Japan ran a 10% deficit and their debt to … Continue reading
Japan Buys Chinese Debt for First Time in History!
This week marked yet another historic event in the debt crisis. For the first Japan has agreed to invest in Chinese debt. What truly makes this amazing is that China has to approve all government holders of their bonds. So … Continue reading
Major Silver Shortage by August 2012?
In my research this week, I came across a couple of articles that were particularly interesting. They made the case that a silver shortage could be exacerbated by as early as August of 2012. The first reason given was that … Continue reading
Germany and Switzerland Demand the Return of their Gold!
This week saw two huge developments in the gold and silver world. Earlier in the week Germany request that its 3,396.3 tons of gold be transferred from being held abroad to local storage. Germany right now is one of the … Continue reading
Fiat Currencies Assaulted by Brazil!
History was truly made last week. In a historic speech given by Guido Mantega, the Brazilian Finance Minister declared a new “currency war” to battle the overactive printing presses around the world. In full Mantega stated, “Brazil has declared a … Continue reading
European Commission Threatens to Fine Spain for Budget Deficit!
Mere months after the inception of more stringent fiscal requirements, the European Commission is threatening to impose strict fines on Spain for a “grave breach of budget limits.” It was only recently that the European Union ruled that it would … Continue reading
What Does the US Debt Look Like?
$100 $10,000 $1,000,000 $100,000,000 Plenty to go around for everyone. Fits nicely on an ISO / Military standard sized pallet $1,000,000,000 $1,000,000,000,000 When the U.S government speaks about a 1.7 trillion deficit – this is the volumes of cash the … Continue reading
Spanish Treasure Ship of 544,000 Ounces of Silver to be Returned to Spain!
In May of 2007, a Spanish Galleon named Nuestra Senora de las Mercedes was discovered by an American group of treasure hunters called the Odyssey. After all the contents were taken from the wreck, the total amount of silver discovered … Continue reading
102,500,000 Paper Silver Ounces Dumped on the Market in 7 Minutes!
We are starting to see more strength in silver than arguably ever before. Late last week silver was getting dangerously close to breaking above $35.50 an ounce which would have launched silver to the next major resistance point at $40 … Continue reading
Will the Government Confiscate Gold?
Gold Confiscation: Executive Order 6102 This is a one of the most important questions asked by gold and silver investors. This question is largely asked because of what gold and silver investor have heard concerning Franklin D. Roosevelt’s Executive … Continue reading
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