Last Updated: Mar 31st, 2012 - 12:12:16 Newsletters : 2011 Newsletters : 16 December 2011 Thought for the Day Here is a thought for the day. It is not my thought but I agree with it. "The world is in a total mess and there is absolutely no solution to this unprecedented crisis. The hyper-inflationary depression that we will experience in the next few years will totally destroy the majority of the credit based wealth that has been created in the last few decades. In order to preserve wealth and keep capital intact, it is critical to keep a major part of investment assets in precious metals held outside the banking system. But for investors who continue to follow conventional wisdom, they will sadly find that their investment strategy was merely conventional and contained no wisdom." Egon von Greyerz This message does not mean that I am downcast by forthcoming events, as people will learn a lot from the experience and we will be able to build a better world. Just as Germany refuses to print mega-money to solve the EU problems because they understand the lesson that their predecessors learned in the hyperinflation of 1923. A lesson well learnt and one they will never forget. They have found the answer and they will stick to it. One of the necessary ingredients of REAL Money as Aristotle explained all those years ago is that it should have value in and of itself. That is why gold and silver have been money for thousands of years and paper money comes and goes. So I will wish you all a Merry Xmas and a Happy and Prosperous New Year. Dec 16, 2011, 15:12 Newsletters : 2011 Newsletters : 16 December 2011 Deus Ex Machina This is a summary of what we have learned so far about the current world of paper money and the economic system supporting it. We in New Zealand may be able to survive it if we act now. [ Visit Website ] Dec 15, 2011, 15:04 Newsletters : 2011 Newsletters : 16 December 2011 BIS Calls for Hyperinflationary Depression? The Central Bank for all Central Banks rises up to save us all. Help! [ Visit Website ] Dec 13, 2011, 10:54 Newsletters : 2011 Newsletters : 16 December 2011 Money Drives Everything This is an insight into the other thing of importance in our world economy apart from REAL Money. Oil. The moral hazards of Central Banking are now coming together and should peak in the near future. [ Visit Website ] Dec 13, 2011, 10:08 Newsletters : 2011 Newsletters : 16 December 2011 Lehman II in Progress as Financial System Implodes As predicted, the world is moving towards a hyper-inflationary disaster. Trying to solve the problem of too much debt and shrinking asset values by borrowing more money is just creating a bigger disaster - especially when the money borrowed is just printed as required. There is really now no backstop. America and Europe now have a problem with insolvency, not merely liquidity. This is the moral hazard of Central Banking in full attack. [ Visit Website ] Dec 12, 2011, 10:27 Newsletters : 2011 Newsletters : 16 December 2011 Gold and Silver Mining Stocks Offer the Best Value of Any Sector in the Stock Market By a Wide Margin REAL Money and paper money are battling it out. Who will win? J S Kim talks about gold and silver mining shares and what he sees the Central Banks doing to enhance the value of their paper money. The result is a forgone conclusion when one understands REAL Economics. Only the timing is in doubt. JS Kim is the Managing Director, Chief Investment Strategist & Founder of SmartKnowledgeU, a fiercely independent investment research and consulting firm that has been providing contrarian, independent investment guidance to clients in 33 different countries since 2006. Despite the struggles of PM mining shares in 2011, his Crisis Investment Opportunities newsletter, since inception in June, 2007 to the end of September 2011 has yielded a cumulative +162.40% gain versus the -36.20% loss of the ASX200 and the -25.70% loss of the S&P 500 over the same investment period. [ Visit Website ] Dec 8, 2011, 15:54 Newsletters : 2011 Newsletters : 16 December 2011 Quote for the Week Let us return to the wise von Mises to look at the options available now: THERE IS NO MEANS OF AVOIDING THE FINAL COLLAPSE OF A BOOM BROUGHT ABOUT BY CREDIT EXPANSION. THE ALTERNATIVE IS ONLY WHETHER THE CRISIS SHOULD COME SOONER AS A RESULT OF A VOLUNTARY ABANDONMENT OF FURTHER CREDIT EXPANSION, OR LATER AS A FINAL OR TOTAL CATASTROPHE OF THE CURRENCY SYSTEM INVOLVED. Ludwig von Mises Dec 7, 2011, 15:08