Despite Gold & Silver spot prices being smacked down, sound money savers are scrambling to find real metals, and having to pay well over spot to obtain physical. What's driving the new "gold rush," and what unannounced signals do we see in the debt markets that portend a "black hole" capable of impoverishing the current and future generations?
Proprietary analyst Rob Kirby returns top Liberty and Finance / Reluctant Preppers to refocus our attention on the critical warning sirens. On the heels of the Fed Repos, Congressional $6T Debt-Driven "Stimulus" package, and $4.5T Fed "Everything Buy," Mortgage Backed Securities have quietly become "Junk", threatening to bankrupt Fannie-May and Freddie-Mac, unless the Fed takes them on their back for another $11T and corporate debt for $4-5T.. What will $15T-$20T+ in NEW debt do to confidence in the dollar, vs. safe-havens like Gold & Silver?
Rob Kirby is a financial commentator and former broker who worked on an institutional trading desk for most of the 1980s and right up until 1996. He also worked for 11 years at Prebon Yamane, an international inter-dealer broker of foreign exchange and interest rate products. He spent an additional year at another money/bond broker called Freedom Bond Brokers, then spent two years at Garban Inc., another inter dealer bond brokerage in Toronto - and left the industry in 1996. He started writing in 1997, and was involved in a number of entrepreneurial pursuits from marketing Buffalo meat to a part time stint in the giftware business. In 2002, he went to work for Investor's Group, the largest Mutual Fund Company in Canada. He worked there up until September '04 when he resigned to write about the markets - and his book - from a "gold bug's" point of view. His website is called Kirby Analytics.