There is simply no way to sustain an economy based on consumer credit.

One day we're going to look back at $1,700 with nostalgia. People are going to be shocked at how inexpensive gold was when it could be snapped up for such a bargain price.

Perhaps the most important reason to be skeptical of government inflation numbers is that the government, like a fox campaigning to guard a hen house, has many reasons to be disingenuous. As the world's largest debtor, the Federal Government is inflation's primary beneficiary.

Minimum wage laws make it illegal for a worker to accept a job that pays less, even if the worker needs that job.

The real story of Detroit [...] can be summed up in seven words. Private enterprise built it, government destroyed it.

The real bubble in China is in US Treasuries, in US dollars.

Yes, when they're buying there are more buyers in the market and that's supportive of the price. The more buyers you have, the firmer the price is going to be. When central banks were selling it was a headwind the market had to overcome. Now it's a tailwind that central banks are joining the buyers.