“The financial markets continue to show extreme volatility as the various institutions and governments deal with the end of their respective roads....Governments, economies and societies are converging on a common dead end, and it is a dead end of historic proportions....There will come a moment when this dysfunctional system can be sustained no longer. It is not inevitable. There is still time for rational behavior and solutions, but that time is short."

LOOK! Everyone needs to see this. United States owes a lot of money. As of 2012, US debt is larger than the size of the economy. The debt ceiling is currently set at $16.394 Trillion, estimated to be hit around Sep 14, 2012. In the infographic below that enormous amount is illustrated in $100 bills. It's frightening! Words: 605

The Q Ratio is a popular method of estimating the fair value of the stock market developed by Nobel Laureate James Tobin. My latest estimates [suggest] that the broad stock market is about 33% above its arithmetic mean and 42% above its geometric mean......Periods of over- and under-valuation can last for many years at a time, however, so the Q Ratio is not a useful indicator for short-term investment timelines [and, as such,] is more appropriate for formulating expectations for long-term market performance. [Let me review the Q ratio with you, along with several graphs, so you can clearly understand what the Q ratio is, how it works and what it is currently conveying.] Words: 800

Over the years foreigners have been buying more and more U.S. debt and now amounts to 33% of the total which is up from "just" 27% at this time 4 years ago and less than 15% only 20 years ago. However, given the dire state of U.S. finances it makes one wonder how much longer this trend will continue and what the consequences will be when the U.S. nolonger has a ready buyers to subsidize their excessive ways. Let's take a look at which countries and entities hold the U.S. debt and the extent to which it has changed over the years. Words: 480

Is this the time to acquire gold? Or is this the time to run away from it? Either answer could be correct, depending upon what course government chooses. Government is at a decision point, one that will determine how our economic malaise next turns. [Let's review their choices.] Words: 922

The spectacular rally in the gold price over recent years [has] many observers asking if the precious metal has not moved ahead of its fundamentals...[and if it] has not entered speculative bubble territory. [To address that concern] I have calculated the purchasing-power-protection price of gold for the 43 years from 1970 to 2012 and compared it to the average market price for gold in every year [along with some background of events unfolding over each decade during that time period which should prove] useful as a framework for how to think about the [current] dollar-price of gold. [I think you will find it most enlightening. Take a look.] Words: 3973

Why are both debtors and creditors willing to build a status quo of massive unprecedented debt? [After all, the delusions of] creditors that debt is wealth and should never be liquidated, and of debtors that debt is an easy or free lunch have been smashed by the juggernaut of history many times before...[and] I think they will soon be smashed again. [Let me explain.] Words: 1150

Will America be next? Here at the Daily Bell we believe the West is facing payback time for the forced, non-democratic and now failing EU experiment as well as the central banking cartel inspired fiat money and sovereign debt collapse now wrecking economies and impoverishing the citizens of most nations. [We think] the solution to preserving your wealth, sovereignty and liberty can be found at FreedomFest this July. [Let me tell you more about what issues this emergency meeting will be addressing and who the organizations and major attendees will be. They are very impressive lists.] Words: 516

Damnit, how long do we have put up with this crap? Will we ever have an honest conversation on the facts of the matter related to what's going on in the banking system -- and has been since 2007 and indeed for the last 30 years? ...That's [unlikely] because there has been no recognition of the truth, not in Greece, not in Portugal, not in Ireland and not in the United States and here's truth: Government cannot spend more than it taxes. Period! There is no "if", there is no "and", and there is no "but." All the games played over the last 30 years, were, [and still] are, in fact, scams. Let me explain why. Words: 1700

"The way precious metals are now diverging from global stock markets can only mean one thing. We are in the early stages of a fear event. As the fear of insolvent banks and broken government promises grows, people will increasingly move out of paper assets of all types and into physical gold and silver.”