December 7, 2010: Silver - Investment of the Decade
 
December 7, 2010: Gold is the Reserve Currency

"The US government is broke... and so is Iceland, Ireland, Spain, the UK, Japan, Greece. They are all broke. Just believe it; they're broke. They are all printing money, they all need backstops by their central banks. They are all broke. And as a result of that, gold has become the worlds reserve currency. If you look back over the last 10 years gold has outperformed almost every currency by 300%.  It has outperformed every stock market in the world by massive amounts. It is the worlds reserve currency today." Eric Sprott

November 15, 2010: Irish Death Spiral

Ireland is in trouble. Their budget deficit this year is expected to hit 32% of GDP, mostly due to a $50 billion bank bailout. To put that in context, the government's entire revenue for the year is projected to be $36 billion. The good news is they have enough money to keep the country running until about next July, at which point they are going to have to issue more bonds, or get a bailout from the EU. And we thought Greece was mess. The interest rate on Irish bonds hit 8.76% this week, which is 6.19% above the rate of similar German bonds... that alone should be enough to bankrupt the country.

http://www.theglobeandmail.com/report-on-business/economy/the-slaying-of-the-celtic-tiger/article1797583/

November 1 2009

Have a close look at this chart... the US is currently spending almost twice as much as it is bringing in.  And that is just at the federal level.  Things don't look all that much better at the state level, especially in California.  How much longer can this continue?

"According to recent estimates, tax revenue from all sources would have to increase by 61% in order to balance the 2010 fiscal budget." Sprott