For those not familiar with the thought and work of Martin Armstrong suffice to say that he's a remarkable personality, a brilliant futurist and renegade economist whose theories and forecasts have earned him the title of "a modern day Livermore" and "the only true genius in finance". Having said that, the man is now serving a 5 year term in prison for charges of fraud against Japanese investors! Armstrong was a frequent contributor to academic journals and was often sought for comment on financial topics. As an investor, he claims that his market timing approach predicted both the high-water mark of the Nikkei in 1989, months ahead of time, and also the July 20, 1998, high in the U.S. equities market.In 1981 Armstrong formed Princeton Economics and, in 1998, he established a hedge fund in partnership with Magnum Global Investments Armstrong published in May 2009 a piece entitled "Is Democracy Dying? Leviathan, The Power Cleverly Hidden Behind Politicians" in which he uses the history to explain the delusion of Democracy.The paper "Looking Behind the Curtain", Published by Armstrong on April 9 2009, details purported events connecting Goldman Sachs to U.S. government manipulation of financial markets. Attached here is his -mind boggling- latest missive (don't forget to toggle full screen view for comfortable read): Will Gold Reach 5000+? 809

International journalist Max Keiser has just posted a nine-minute documentary he has done about the British government's gold sales that were begun in 1999 and now are disparaged as "Brown's Bottom," after then-Chancellor, now-Prime Minister Gordon Brown, who decided upon the sales and remains unashamed that they marked the bottom of the gold market. Keiser's documentary is based largely on an interview with Conservative Party opposition Member of Parliament Phillip Hammond, who is shadow chief secretary of the treasury and who remarks that the British gold sales seem to have been structured precisely to knock the price of gold down rather than to maximize the return to the British government. Hammond also wonders aloud whether "something other than achieving the best price" might have been the objective of the gold sales scheme. But Keiser's documentary may be sensational for getting an acknowledgement from the German central bank, the Bundesbank, that Germany's gold reserves are actually in the custody of the United States. This is a detail the Bundesbank long has denied to others who have inquired and is potentially a matter of great controversy in Germany. It raises the question of whether the German gold reserves are actually intact at all or whether they have been used by the U.S. government as part of its long-time gold price suppression scheme or have been comingled and diminished with the gold reserves of other countries held in the United States. While Keiser's documentary does not identify the Bundesbank spokesman who confirmed the transfer of the German gold reserves to New York, it does provide the date and location of the confirmation: March 17, 2008, at Bundesbank headquarters in Frankfurt. The documentary shows that Keiser was there and got the interview. After his interview at the Bundesbank, Keiser remarks: "The most fascinating thing I've heard is that all the gold in Germany is in New York." Indeed.

Marc Faber speaking to Bloomberg from his home base in Thailand recommends diversifying from US dollar assets into gold, silver and platinum....

The following is a -must see- video documentary (in 3 parts) entitled, "Hyperinflation Nation" which tells all about the past, present, and future state with regards to the outlook of the USD.

test

Peter Schiff, president of Euro Pacific Capital, is familiar to everyone who has watched financial coverage in the last year. He is famed for being the most vocal financial economist to have perfectly predicted the crash. He also happens to be a dedicated student of the Austrian school. He is the author of the prophetic Crash Proof and, most recently, The Little Book of Bull Moves in Bear Markets. Whenever he speaks about finance and economics, he also seeks to teach sound economic theory, writing for publications such as the New York Times and the Washington Post. The Daily Show With Jon StewartMon - Thurs 11p / 10cPeter Schiffthedailyshow.comDaily Show Full EpisodesPolitical HumorNewt Gingrich Unedited Interview Why the Meltdown Should Have Surprised No One Henry Hazlitt Memorial Lecture, Austrian Scholars Conference, March 13, 2009. An MP3 audio version of this lecture is available for download. You can also watch the video. Transcript provided by Jennifer Lewis. I just looked at the topic for my speech about thirty seconds ago before I walked in the door. But apparently I'm talking about why is it that people didn't see this coming, or should people have known that this meltdown was coming. I don't know. Is there anyone in this room that was surprised by the economic meltdown? Does anybody think it's over? Anybody? Raise your hand if you think it's over. And does anybody think that the government solutions are going to work or that they're going to help? Is there anybody? One. All right. So, I guess there's really no reason for me to speak here. I don't know that I'm going to tell anybody anything they don't know. But, if you want to indulge me, I guess I could talk about it a little bit anyway. But I don't know why so few people seem to understand what was going to happen. I guess when you're living inside a bubble, it's very difficult to actually see what's going on, from your point. But I lived through two of them, because I'm a stockbroker. I lived throug

British Labour P.M. Gordon Brown is being verbally attacked with ruthless and articulate criticism for his loose economic policies (remember the gold "Brown Bottom" of 2001?) by Conservative M.E.P. (Member of European Parliament) Daniel Hannan.It's a little oratorical masterpiece very much worth watching:

A modern day gold rush is under way as people’s confidence in currency is fading fast while the price of gold rises, says Adrian Douglas, financial analyst and the director of the Gold Anti-Trust Action Committee.RT: Mister Douglas, let's get right down to it. What is the reason for the gold demand surge?Adrian Douglas: The reason why gold demand is surging is for all the traditional reasons. It is that gold is a store of wealth and it has been a store of wealth for over 6,000 years of recorded history.But gold is also a unique financial asset. When you buy gold bullion it has no counterparty risk. You don't rely on any third party for your gold to store your wealth. Every other financial asset has what we call counterparty risk. And this is why investors are turning to gold, because they are starting to get worried about their bank deposits because they are scared the banks will not be solvent. They are starting to get worried about their stock portfolio because they are scared the companies they have invested in will not stay in business. And they are concerned about their bond portfolio because they are scared that governments will default on sovereign debt. So gold eliminates all of these counterparty risks and this issue is now driving investors towards gold.RT: What about people that possibly do not have portfolios, they have a little bit of savings in a bank. Should those people take their money out of the bank and buy gold?A.D.: Yes, they should. Gold and silver will go to astronomic numbers as fiat currencies are inflated to very little purchasing power.The US government is announcing almost on a daily basis how many more trillions of dollars are being put into the system and this is money that is created out of nothing, it has no backing. It will eventually lead to hyperinflation and reduce the purchasing power of fiat currencies. So how could you protect yourself? By taking money out of the bank and buying gold from a broker.You must own physical gold.

Ambrose Evans-Pritchard, international business editor of The Telegraph in London, talks about gold with the Robert Miller of Telegraph TV.Evans-Pritchard says gold has decoupled from commodities, has regained its position as an international currency, and likely will continue to do well as central banks strive to avert debt deflation. You can watch the interview here:

Peter D. Schiff is the president of Euro Pacific Capital Inc., a brokerage firm based in Darien, Connecticut.Schiff is an Austrian school economist and supporter of the Ludwig von Mises Institute. Schiff frequently appears as a guest on CNBC, Fox News, CNN, CNN International, and Bloomberg Television and is quoted in major financial publications...

Bernanke's only discussions about gold involve selling it.Fiat Dollar Reserve System Dead?New World Reserve Currency?Does the Subject of Gold Ever Come Up?At Tuesday's meeting of the House Financial Services Committee, Rep. Ron Paul, R-Texas, got a couple of minutes to ask Federal Reserve Chairman Ben Bernanke about the prospects for a new international reserve currency system and about whether Bernanke has ever discussed with other central bankers a place for gold in such a new system. Bernanke replied that there are no such plans and that the only discussions he has with other central bankers about gold involve central bank gold sales. At least that much was pretty revealing, suggesting that as the international financial system falls apart, central bankers talk about selling gold, as if such selling is a mechanism for holding the system together -- as of course it is, gold being a competitive international currency.

The small print: "This offer depends on the willingness of the Chinese government to continue buying U.S. government debt. Terms and conditions depend on the whim of Congress and may be changed without notice. U.S. taxpayers may not apply"