The jig was up, the valuation of the collateral underpinning the entire banking system was revealed as fictitious.

From Bill Buckler, author of The Privateer

No Freedom – No Money – No Markets

The Global Financial Crisis (GFC) became an unmistakable reality in July 2007 when Bear Stearns admitted that two of its sub prime hedge funds had lost nearly all of their value because of the rapid decline in the market for sub prime mortgages. At the end of June 2007, Treasury Secretary Paulson had this to say about the [...]

The “Greenspan put” has turned into a “Bernanke guarantee”.

From Bill Buckler of The Privateer

The Great Falsification

On February 4, the Wall Street Journal ran an article with the title: Investors Place Their Money On Fed.

The gist of the article is that the markets in the US – and everywhere else to a greater or lesser degree – are still willing to bet on two things. One is that the Fed will come out with a new round of stimulus spending [...]

The Great Non Debate: Is Ron Paul 2012′s Black Swan?

Courtesy of Bill Buckler of The Privateer

The Great Non Debate

For five years, the writing on the wall has been crystal clear. As 2007 began, the US Foreclosure Market Report for 2006 showed that foreclosures for the year had reached 1.2 million, an increase of 42 percent over the 2005 figure. In early February 2007, in the midst of a growing rash of bankruptcies among small US sub-prime mortgage issuers, New Century [...]

Bill Buckler: It May Be 2008 All Over Again, But There Is One Key Difference

by ZH

The financial press has been inundated with articles comparing what is happening in global markets now to events in the latter part of 2008. Sure enough, the surge in Treasurys from 100 to 143 in the last two months of 2008 following the Lehman bankruptcy is most comparable to the move in the same security from 122 to 140 in the two months since the [...]

Today, the US government “governs” everything. It is all pervasive. It has taken over the economy from its people

by ZH

Bill Buckler’s latest Buckaneer report does a 10,000 foot quantification of the one most critical, yet underreported, trend in America’s transformation from past to future: its gradual, and ever faster, conversion into a totalitarian, centrally-planned state.

The proportions and the nations change, but the question remains the same. We here at The Privateer have raised this question before in relation to the US [...]

What is gold telling us? Gold’s gains may have meaning beyond the market

By Peter Brimelow, Market Watch

NEW YORK (Market Watch) — Gold reaches a record high. Is it telling us something?

Gold closed $1437.70 on Wednesday, using the CME April contract as the measure, up $28.40 so far this week and breaking through significant technical barriers.

Over the weekend, Australia’s The Privateer had growled: “Just as it has since early November 2010, the area between $1,400 and $1,425 is proving [...]