If you see yourself as someone who 'thinks for yourself' and have wealth to protect I strongly recommend you spend time listening to George Soros. I particularly recommend this given that he delivered this address in June, and because I believe we are now getting to the point where we can see the lights of the train as it comes ever closer to where we are standing on the Eurozone (and world) economic track. Words: 655

Doug Casey commenting on the past and the future: What we experienced in the 1930s was a deflationary depression where billions of dollars were wiped out with a stock market collapse, bond defaults, and bank failures. Inflationary money that was created since the formation of the Federal Reserve in 1913 was wiped out. Prices went down. This depression will be …

Gold bulls often argue that the yellow metal will only go up as long as central banks continue to employ easy monetary policy however this thesis has been around so long that it might not even work anymore. That's the gist of what Deutsche Bank suggests in their most recent outlook for precious metals prices. In a note to clients, they write:

"The U.S., with $15 trillion in debt, and roughly $1.5 trillion in tax revenues, is an enormous disaster waiting to happen. At 10% interest rates the U.S. would use 100% of its tax revenues to finance the debt....This is why money printing is guaranteed...and this time, like it has before, it will lead to a financial crash [which] will be of a worldwide magnitude.”

BMO chief investment strategist Brian Belski went on Bloomberg TV yesterday and made a huge call: he told viewers that "we're on the verge of the next great bull market" in stocks ( see video here) outlining his bullish thesis based on 16 economic and market indicators he factored into his call which can be seen here.

This post shows JPMorgan's estimated probabilities on four different fiscal cliff outcomes, conditional on who wins the presidential election in November.

Back in May of 2012 Nouriel Roubini (aka Dr. Doom) predicted that slowing growth in the United States, growing debt troubles in Europe, a slowdown in China, and intensifying political gridlock with Iran would come together to create a “Perfect Storm” for the world economy. Below we outline three ETFs that could thrive as global economic growth expectations deteriorate, keeping in mind that virtually no asset class will be safe if the “Perfect Storm” actually strikes. Words: 606

Nouriel Roubini is known for his pessimistic views on the health of the global economy and his nickname is Doctor Doom. Bloomberg TV recently put together a short video highlighting Roubini's most bold and sharpest quotes from the past year, which is definitely worth a watch (see here).

Many people have been writing in to ask me, "why are you focusing on Europe so much? Who cares about Spain?" The short answer is that everyone should care about Spain. Spain could potentially take down the banking system in Europe, which would mean the US facing a Financial Crisis at least on par with 2008. That is why Europe is a HUGE deal for everyone....We're talking about systemic risk on a scale that would make 2008 look tiny in comparison. [Let me explain further.] Words: 674

...[Y]ou may be curious why, despite continued money-printing and abysmal US economic reports, gold hasn't been able to hit new highs. The answer is that gold is currently priced for collapse. Many investors believe the yellow metal has topped out and are selling into every rally. Treasuries have temporarily overtaken gold as the primary safe-haven asset [but, as I see it,] once that dynamic is broken the counterflow into gold will be tremendous. [Let me explain further.] Words: 797