ECB mulls rate cut for 2013

Photo from London Evening Post

There really is no escape from the damage of bad monetary policy, rising deficits and debt, etc. But this won't stop the European Central Bank, the ECB for short, from trying. It is considering a cut in its interest rate for next year, which goes to show that absolutely nothing has been learned since Greece started falling apart several years back.

Higher food prices here to stay

The World Bank, a disease-ridden institution that perpetuates the bubbles that wreak havoc in the world, is admitting that higher food prices are now the norm.

This to me indicates just how far ahead we are in understanding the link between bubble monetary policies, and higher prices.

Banks and Governments: Why You Should Park Your Savings in Gold

This article from Spiegel Online spells it out with no holds barred. The gist is that banks supply governments with the means to continue their spending operations, which often involve raising deficits and debt to unsustainable levels. In turn, governments bail these banks when such operations fail inevitably.

Expect more China inflation, higher gold prices

China has reported a drop in its 'inflation rate,' to 1.7% over the past year. Of course, by 'inflation rate,' China means an increase in its consumer price index, however the heck it fudges the numbers for this. What is ignored is the actual rate of inflation, that is, the rate that money supply increases, which is the better indicator as to how high prices will get.

The Eve of the 2012 US Elections, and the Fate of Gold

In spite of myself, I have been rather excited about the US elections. Not that I think it really matters who wins; it doesn't. But I do like watching friends and the media make a big deal about this sideshow among two guys who think they bring anything different to the table.

King World News and Bullishness on Gold & Silver

Buy Gold / Silver in Singapore

Gold Price, SGD, October 2002 to October 2012

King World News is one of the more popular sites for 'gold bugs.' It is also quite controversial and has been accused of hyping up precious metals for the sake of commissions. 

However, if you take a look at the analysts interviewed, they are people who know their stuff in the bullion market. Their timing may be off, and they constantly see gold and silver skyrocketing, but the long-run picture is right. 

Romney vs Obama - No Economic Policies Will Change

It's interesting how Obama ran in 2008 on the campaign of "Change we can believe in" when really nothing has changed. The wars have expanded in spite of his insistence during that campaign that he will bring the troops home. Troops will be in Afghanistan until 2020 (supposedly) and now there are even more countries that the US occupy and drone attacks are on a record high.

But foreign policy aside, not only did he expand the wars, he also kept the economic policies of George W. Bush. The same unelected bureaucrats in the treasury and Federal Reserve remained in power. The bailouts continued and inevitably the debasement of their currency continued as well.

Now we see in the news how Romney and Obama are attacking each other on different campaign ads. But wil there really be any differences especially when it comes to economic or monetary policy? The answer is no. The same kind of monetary policy will continue. 

The unelected quasi-private Federal Reserve will continue to increase the money supply. They will continue with their artificial interest rates. Yes, it makes the economy seemingly okay especially with all the turmoil in the Eurozone. The dollar is seemingly looking strong. But this is all artificial and facts just show that this is not true at all.

This is why it is still best to invest in gold to be able to protect yourself from economic instability and immoral monetary policy. It won't matter whether Romney or Obama wins. The dollar as the world's reserve will continue to lose its value and investing in gold is your best hedge against inflation.

There really is this false promotion that there is a big difference between Romney and Obama when really all will be the same especially economically. Romney runs as if he will cut spending but it's really all illusory especially since it's all just fake cuts over the next decade and the size and spending of government will actually increase by then! Don't even waste your time watching their attack ads on each other, it's time that you start thinking about gold or silver or investing in other precious metals.

Romney even chose supposed fiscal conservative Paul Ryan as his running mate. No, that guy is not fiscal conservative at all. How can you call yourself a fiscal conservative if you voted for the Patriot Act and the expansion and spending on wars. Real fiscal conservatives want government to be small and not intrusive to the lives of individuals. Something that both Romney's and Paul Ryan's voting record goes against.