I am very confident in the fall of the euro, despite the obvious and fatal problems with the dollar. Remember that currencies, because they are fiat by nature, are political things. While it is the fundamentals that drive them, one of the overarching problems in our market is the absence ...read more
The High Cost of Independence
Jul 14th, 2009 | By Bill Jenkins | Category: Featured, Personal Liberties, Politics
Recently we here in the U.S. celebrated the 233rd Anniversary of our Independence Day. It is, as I hope you remember from your history lessons, the day upon which Congress approved the Declaration of Independence. The legal separation from England, however, actually occurred on July 2, two days earlier. This ...read more
DC and the Fed manipulating Interest Rates and Your Money
Jul 9th, 2009 | By Bill Jenkins | Category: Featured, Macro Economics
The results are in for the two-day Federal Open-Market Committee meeting, where Ben Bernanke and the rest of the Fed eggheads set interest rates. This time, no one expected them to make a move on rates, and the Fed did not disappoint -- rates were held the same.
In the simple ...read more
BRIC Nations Getting Bolder
Jun 25th, 2009 | By Bill Jenkins | Category: Currencies, Featured
The BRIC countries (Brazil, Russia, India, China) had a much-ballyhooed meeting to discuss global economics and shake their fists at the U.S. powers that be for crushing their U.S. investments.
We have commented on their plans and purposes on numerous occasions. Now that the meeting has come and gone, let's take ...read more
Silver in Times of Possible Currency Failure
May 22nd, 2009 | By Bill Jenkins | Category: Featured, Macro Economics
On the grand scale, the U.S. dollar is still the major gladiator in the currency and economic arena. It is like a punch-drunk prizefighter, staggering, but still on its feet…wobbling, but able to inflict substantial damage on its economic opponents, those who would carelessly trade against it.
“The U.S. accumulated $9 ...read more
Devaluation and a Chinese Warning Shot
Mar 30th, 2009 | By Bill Jenkins | Category: Featured, Macro Economics
Devaluation has begun. Two weeks ago the Federal Reserve announced its intentions to start “quantitative easing.” Quantitative easing is the "new" term given by officials to printing money. We know it as inflating the money supply. It is also called "increasing liquidity.” Essentially, the government will create money and distribute ...read more
The Power to Tax Is the Power to Destroy
Mar 20th, 2009 | By Bill Jenkins | Category: Featured, Personal Liberties, Politics
We watched in dismay as the unemployment numbers soared again last Friday -- a massive loss of 651,000 jobs in February. Thank God it was a short month...
But let's put this into perspective. In December, the non-farm payroll (NFP) figure was 577,000 jobs lost. In January, the NFP figure was ...read more


