UK Royal Mint Working On Plans To Issue Gold-Backed Physical Bitcoins

The implicit, and ever more explicit, institutional acceptance of the dominant cryptocurrency Bitcoin (we say dominant because as we pointed out last week, there has been an unprecedented spike of digital currencies one can pick and choose from) contin… [...]

Macro Considerations

The macro picture remains largely unchanged. Janet Yellen is expected to lead the Federal Reserve into a new phase by beginning to taper its long-term asset purchases early next year. The ECB is expect to move in the other direction, leaning against th… [...]

Four Dead, Dozens Injured As Train Derails In The Bronx – Live Stream

Shortly after 7 am Eastern time on Sunday, Metropolitan Transportation Authority police confirmed that a Metro-North train derailed near the Hudson river in the Bronx. The accident occurred near Palisade Avenue near the Spuyten Duyvil railroad station…. [...]

The Other America: "Taxpayers Are The Fools… Working Is Stupid"

While what little remains of America's middle class is happy and eager to put in its 9-to-5 each-and-every day, an increasing number of Americans – those record 91.5 million who are no longer part of the labor force – are perfectly happy to benefit… [...]

Iran’s Rouhani: "We Are Not Dismantling Our Nuclear Facilities; Iran Will Maintain Its Uranium Enrichment Programme"

In case there was any confusion just how “historic” last week’s agreement with Iran, loudly trumpeted by the Obama administration as the most “historic” since Syria in a, well, long time, truly was in terms of curbing Iran’s nuclear ambitions, here is … [...]

"Is This The Right Time To Get Into Gold?"

Today’s AM fix was USD 1,245.25, EUR 915.29 and GBP 763.07 per ounce.Yesterday’s AM fix was USD 1,241.75, EUR 913.12 and GBP 760.46 per ounce. Yesterday the markets were closed in the U.S. for the Thanksgiving national holiday.The closing fix in L… [...]

US Government Busted For Using Pirated Software To Manage Army Troop Movements

When the US government said the sequester would cripple its ability to single-handedly rule over the world, it wasn’t kidding. Either that, or Joe Biden’s Joint Strategic Plan to “curb” copyright infringement was just a case of very confused humor by t… [...]

There Is Just No Escape From Mario Draghi’s Monetary Zombie Nightmare

On November 7, when the ECB announced a “surprising” rate cut, 67 out of 70 economists who never saw it coming, were shocked. We were not. As we observed ten days prior, Europe had just seen the latest month of record low private sector loan growth in … [...]

Howard Marks: "Markets Are Riskier Than At Any Time Since The Depths Of The 2008/9 Crisis"

In Feb 2007, Oaktree Capital's Howard Marks wrote 'The Race to the Bottom', providing a timely warning about the capital market behavior that ultimately led to the mortgage meltdown of 2007 and the crisis of 2008 as he worried about "c… [...]

"We Are Playing Economic Russian Roulette"

Submitted by Brandon Smith of Alt-Market blog, By any reasonable measure, I think it is safe to say that the last quarter of 2013 has been an insane game of economic Russian Roulette.  Even more unsettling is the fact that most of the American pop… [...]