On the heels of Spain asking for $125 billion to bail out their collapsing banking system...there will be a massive worldwide package coming out between the Fed, the ECB, the IMF and other central banks. The money printing is imminent. As I see things, we are on the road to perdition,...there is no exit strategy for the world (to get) out of these problems. There is no solution. If you look at what happened in 2008, people thought that was bad, but what’s going to happen, starting this year and in the next few years, will make 2008 look like a small rehearsal because the real collapse is going to start now.

“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

Martin Armstrong provides a remarkable explanation of what is going on right now with the U.S. dollar, bond yields and the current price of gold. It would be well worth your time to read and reflect on what he has to say. Words: 822

Goldman Sachs reports their Global Economic Indicators (GLI) show the world has re-entered a contraction and...is predicting a market crash worse than that of the early 90′s recession and one slightly less than the sell-off at the turn of the millennium. [Below are graphs to support their contentions.] Words: 250

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 Markit PMI data from Europe shows still more deterioration led by France, Italy, and Spain. Let's take a look at a few countries.

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