Wow, this is crazy, isn't it? There is so much crapola going on in the world that, seriously, I don't know where to start. So, I guess I'll start where I'm most comfortable...with the ruler and the sharpie...and wait till you see what I've found! Read more...

So, there you have it. The technocrats of Europe have spun up a deal to prolong the illusion that all might one day be well. This was expected simply because a default cannot be allowed for the reasons we laid out yesterday. The fiat currency reaction has been muted but the metals are rallying, regardless, due to the money creation that will be the end result of this latest "bailout". Read more...

Just a few items as we wrap up Thursday and prepare for Friday. Read more...

I hope you've enjoyed this new format today. In what was a trial run, with this post I will have begun seven new threads today for you to peruse and ponder. Five of the threads would be general, public threads in the new format. This note as well as the previous sticky would both be considered "subscriber" content. Again, please don't fear the coming subscription component of the site. I think you'll be quite pleasantly surprised at how affordable a monthly subscription will be and the added revenue will allow us to have a lot more fun. More on that soon. For now, let's update the charts. Read more...