Simon Black – Another sign of looming crisis: insurance company stockpiles cash and gold

March 18, 2016 Santiago, Chile   Last year, amid all the madness in financial markets, financial historian and strategist Russell Napier joked about creating a “European high-yield capital guarantee fund.” His “high-yield” fund was nothing more than a secure room filled with physical cash, and a guy standing outside with a gun to guard it. […]

Simon Black – This entire system is rigged against your prosperity

March 1, 2016 Hong Kong   On January 26, 1841, two years into the First Opium War between China’s Qing Dynasty and the British Empire, Commodore Sir Gordon Bremer hoisted the British flag above Possession Point in Hong Kong. At the time the island’s population numbered less than 10,000. Most were illiterate fishermen. Hong Kong […]

Simon Black – BREAKING: US government releases its 2015 financial statements

February 26, 2016 Miami, USA   Hot off the presses, the US government just published its audited financial statements this morning, signed and sealed by Treasury Secretary Jack Lew. These reports are intended provide an accurate accounting of government finances, just like any big corporation would do. And once again, the US government’s financial condition […]

Simon Black – Negative interest rates in the US? Just ask the FDIC.

February 23, 2016 Santiago, Chile   Last week the FDIC released its annual financial statements, giving the public a glimpse into the financial condition of the organization responsible for backing up the entire US banking system. The numbers are pretty incredible. The FDIC maintains the Deposit Insurance Fund (DIF), which is the emergency stash for […]