Financial Sense Blog

A new book is out on conspiracy theory. The book is titled Voodoo Histories, by David Aaronovitch. Several years ago Aaronovitch was sent to Tunisia by the BBC to make a film, and he learned something surprising. While driving from Tunis to El-Jem, the film's producer told Aaronovitch how "the 1969 Apollo Moon landing had been faked by NASA and the American government." Aaronovitch was incredulous. Of course, there was no proof of this assertion. It was merely obvious, said the producer, that the moon footage was faked.

Since we received reports from the CFTC that market players have made "repeated" and "fraudulent efforts to persuade and deviously control" silver prices, we have heard that HSBC Holdings Plc and JPMorgan Chase & Co. are facing an investor’s lawsuit of placing “spoof” trading orders to manipulate silver futures and options prices in violation of U.S. antitrust law.

The “World’s Greatest Investment Event,” the 2010 New Orleans Investment Conference kicked off on Wednesday as gold and natural resources investors descended on the Crescent City for answers to today’s market questions. The list of speakers for this year’s conference reads like a who’s who of the natural resources and commodity world—Dr. Marc Faber, Newt Gingrich, Dennis Gartman, Dick Armey, Peter Schiff and others.

Last weekend, the G-20 finance ministers met in South Korea to find areas of agreement in preparation for the main G-20 gathering in November. The Chinese rebuffed renewed American pleas for them to revalue their yuan.

As a result of apparent systemic incompetence coupled with fraud, it appears there is a chance that most real estate foreclosures may come to a screeching halt on a nationwide basis in the United States. What is missing from the headlines is the real impact on you and I, and how we will be the ones bearing the pain. To understand the implications of this extraordinary situation, we must first pierce a triple charade.

In 2011, we expect increasing Price Inflation in a number of Sectors and Deflation in Prices in others. Deepcaster identifies the More Important of these Sectors and Suggests ways to Profit and Protect Wealth.

Most investors have a deep-seated belief that bonds are a safe investment while gold is risky and volatile. If we explore this belief with an open mind, however, we will find that gold, not bonds, offers vastly superior wealth protection.

The tiny drop in the Case Shiller Index, and the reported gains in other housing indicators reported this week, grossly understate the severity of the problem in the housing market.

The natural resource sector has been performing extremely well of late and we are of the opinion that we are still in the early stages of an explosion in share prices. Gains of 100’s of percent will be common but not without some risk.

Back in late August, I argued that hyperinflation would be triggered by a run on Treasury bonds. I described how such a run might happen, and argued that if Treasuries were no longer considered safe, then commodities would become the store of value.