Owning gold is saving, which by definition is civilized, i.e. NOT barbarous. Debt, on the other hand, is the exact opposite. It is a lack of savings that shows a complete disregard for the future.

There exists in the Congress, in the Obama administration, in the media and on Wall Street, a national belief that America can print paper money and grow its economy as its route map out of debt. With annual GDP growth expectations of 2% to 3% over the next several years, this is a completely false hope!

There has been a great deal of misinformation and propaganda - outright lies - about the $18 trillion U.S. government debt and this article examines 5 of the biggest such lies.

Now that the Fed has stopped its quantitative easing who does the Fed expect (hope) will buy US Treasury debt?

Should the Fed raise interest rates at some point in the future, as is widely expected, such higher interest rates might bring far worse consequences than can be achieved by simply staying the course. While some small, even token, rate hike would be tolerable, a return to historical norms could reap consequences in the general economy far beyond the direct effect on the federal government’s fiscal status. The fact is that the federal government is ensnared in a debt and interest rate trap of its own making from which it will be difficult to extricate itself.

Recession, currency devaluation, hyperinflation and social unrest are all distinct possibilities if Argentina does not reach a settlement with the holdouts in the near future. Below are more insights into Argentina's latest debt default.

For the second time in the last fifteen or so odd years, Argentina has defaulted on its debt and...in the process the U.S. has inadvertently further accelerated the decline of the U.S. and the dollar's dominance. Let me explain why that is surely the case.

If you thought the Eurozone crisis was in the past, think again...It’s a near mathematical impossibility that its weakest members can grow their way out of their debt and if deflation takes hold—as it has already in Greece and Cyprus, and is close in Portugal, Spain, and Italy—all bets are off.

This article is a brief overview of how the U.S. government has come to be usurped by a banking cartel that controls government, media, corporations, etc. all because of their control over the money supply in the Western world and, understandably, why they are desperate to keep their Ponzi scheme from unraveling and being jettisoned in favor of gold and silver and concludes with a look at what the charts have to say about the future movement in both gold and silver.

China, Russia and other nations are exiting their dollar-denominated holdings in favor of gold. This action should put pressure on the dollar and U.S. treasuries, pushing not only central banks, but mainstream investors towards the safety of precious metals and other tangible assets that cannot be defaulted on. There will be a rush out of dollars and into assets with no counter-party risk, it is just a matter of how soon it happens.