http://mellgren.com The Economic Paradigm shift explained – A Look into the Future Tue, 11 Oct 2011 09:28:55 +0000 http://backend.userland.com/rss092 en "Gold and silver are money. Everything else is credit" — J.P. Morgan http://mellgren.com/2011/10/11/jp-morgan-on-money-and-credit/ Dear friends of gold and silver, Staring at short term charts can drive you mad these days. As we are now in the second phase of the gold and silver bull markets the volatility is mind boggling. Personally, I've been following these markets for years and listening closely to experts far more ... http://mellgren.com/2011/09/26/volatility-in-gold-and-silver-at-extreme-levels/ "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come ... http://mellgren.com/2011/09/02/woodrow-wilson-on-the-federal-reserve-system/ "There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt." - John Adams, 1826 http://mellgren.com/2011/08/31/john-adams-on-sovereign-debt/ Dear readers, Why is gold ascending in price? Why does it cost you more to go out for lunch today than one year ago? If you understand that gold is money that cannot be printed at will by Central Banks and you look at this chart, then you will be able ... http://mellgren.com/2011/08/31/a-chart-to-think-about/ Dear readers, On 16th February 2011 I wrote you the following on gold and silver: In 2011 I see silver at at least 50 USD/Oz and gold approaching 1800 USD/Oz. Probably this is too low. Friends and I have discussed that what we see happening is transpiring much slower than we anticipated, ... http://mellgren.com/2011/08/29/gold-and-silver-price-targets-for-2011/ Gold is making new All Time Highs now almost on a daily basis. This after the S&P downgrade and gold braking Jim Sinclairs important target of 1,764 USD/Oz that he talked about in London at the GATA conference. 1,764 is where confidence in the fiat system is lost. Gold is ... http://mellgren.com/2011/08/22/gold-stocks-are-extremely-cheap/ The GATA Gold Rush 2011 Conference was held at the Savoy Hotel in London 4-6 August 2011. I attended the conference out of personal interest and to learn from great minds. To summarize the conference is next to impossible, but I'll sure give it a go. The Gold Anti-trust Action Committee ... http://mellgren.com/2011/08/12/thoughts-on-the-gata-gold-rush-2011-conference/ Modern paper or digital money is created through a mechanism know as "fractional reserve banking". In short, this means that new paper money is created when a private bank issues a loan. This means that virtually all money that circulates in the world has been created through debt. All paper ... http://mellgren.com/2011/04/29/how-i-learned-to-stop-worrying-and-love-bankers/ "The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale." - Thomas Jefferson http://mellgren.com/2011/02/18/thomas-jefferson-on-debt-spending-2/