Hope always seems to spring eternal in liquidity-driven financial markets. That is very much the case today in the aftermath of the biggest liquidity injection in modern history.

Unfortunately, along with that hope comes an acute sense of short-term memory loss – notably, a failure on the part of the broad consensus of investors to grasp the toughest lessons of the Great Crisis and Recession of 2008-09. This is a dangerous combination for increasingly frothy financial markets.

….read more HERE (Ed Note: article is protected by copyright but FREE)

Gold has touched a new nominal high of $1035 per ounce (futures) this AM. Now this price move is not about inflation – yet.  We are not necessarily inflating out of the debacle.  It is instead the very beginnings of a global move to diversify away from the dollar.  It is all about gold’s role as the ultimate currency haven.  Inflation may or may not come later – but it is not here at present. Gold is going much higher – you must own a core position….full analysis HERE.

Plus: The DNA of the Global Economy The Collapse of the Rule of Law –  HERE

The DNA of the Global Economy – HERE

Ed Note: These are .pdf’s and can be enlarged for ease reading