Keith Fitz-gerald (Whiskey & Gunpowder):
Everything we know about classic economic theory suggests the U.S. economy should be experiencing Zimbabwe-like hyperinflation right now, thanks to the nearly $2.2 trillion the U.S. Federal Reserve has pumped into the system.

Not much happened yesterday. The Dow fell 47 points. The newspapers attributed the reversal to surprisingly low consumer confidence numbers. Apparently, consumers aren’t so sure this crisis is over. As we reported yesterday, they’re saving money… maybe even at an 8% rate.

The trouble with being a contrarian is that you can never be quite contrarian enough.

“Just how can the Fed credibly promise to be irresponsible…?”  Here’s a thought—that tiny handful of investors and analysts warning how Fed policy risks hyper-inflation are in fact doing the central bank’s work.

Last week was a very important one. The U.S. Treasury placed a record level of debt, the Federal Reserve announced it would not expand its monetary easing, and we got many top players opining about the economy.  In addition, we are facing the uncertainties about ‘Cap and Trade’ legislation and the healthcare reform.

I bet you don’t own enough gold. Having physical gold in your possession is always a good idea in times of economic turmoil – there is no “uncertainty hedge” like it.

The World Bank downgrades its world economic forecast, A few lessons from the school of German-style hyperinflation, Will we be seeing you in Vancouver this year? And plenty more…

It’s the Ultimate Fighting Event – Worldwide Economic Mud Wrestling! See it now!

The Markets Crash, Depression and Hyperinflation – The Triple Crown of Financial Catastrophes.

Gold was down from the far East to just before the New York open on Wednesday, bottoming at $948, but moved sharply higher to the noon hour, reaching $959 before falling steeply again into the Globex and leveling off just in the red to finish at $948.30/oz., down $3.80. Overnight, gold has edged higher.