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In this month of: The Acamar Journal

Le Deluge

Given the events since, it is ironic that in 2000 the Congressional Budget Office (CBO) had projected that the US would pay off its entire debt by 2010. read the full newsletter

From Greece to America

The crisis in Greece is not so much about Greece, which is irrelevant in the greater scheme of things (at 2% of the EU economy). It is about the German, French and British banks and the consequences if Greece defaults, followed by Ireland, Italy, Portugal and Spain (the infamous PIIGS). read the full newsletter

Previous Journals

Insight of the Day

"I am not here to cheer you up. The situation is about as serious and difficult as I've experienced in my career... The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system... At times like these, survival is the most important thing." -George Soros January, 2012

Recently Profiled

Economic and Market News

Gold for OilRT (Russia)
Interview with the Acamar JournalThe Gold report
Staring into the AbyssJohn Maudlin
The Euro is Pushing Italy into a DepressionDaily Telegraph (UK)
The Dollar's Lucky StreakPeter Schiff
Gold Stock Upleg CyclesAdam Hamilton
Prepare for Riots in Euro CollapseTelegraph (UK)
Chinese TV Host Says Regime Nearly BankruptEpoch Times
New Record: 49 Million Americans Live in PovertyAP
October Surprise: Gold StandardForbes
EU Paves Way for a Split ContinentSpeigel Online (Germany)
Indian Banks - Capital ConcernsKhaleej Times (Dubai)
Nice Try But No CigarMartin Armstrong
A Long, Steep Drop for American Living StandardsChristian Science Monitor
BoE Governor: Facing Worst Financial Crisis in HistoryTelegraph (UK)
Video: MeltdownAl-Jeezerah
Orderly Default in Greece? Good LuckCNN Money
Brown Fears Euro Crisis Worse Than LehmanTelegraph (UK)
Europe Default Risk Signal Flashing RedCNN
UK: Million Man Strike CalledDaily Mail (UK)
Germany and Greece: Mutually Assured DestructionTelegraph (UK)
Germany Prepares for Possible Greek BankruptcySpeigel (Germany)
China May Ease Monetary PolicyChina Daily
What a Greek Exit from the Euro EntailsForbes
Video: Roubini Sees 60% Probability of US Recession in 2012EconoMonitor
How Global Investors Make Money Out of HungerSpeigel Online (Germany)
Euro Bailout in Doubt as 'Hysteria' Runs Through GermanyTelegraph (UK)
Market Crash Could Hit 'Within Weeks'Telegraph (UK)
The Neverending Story of a "Gold Bubble"Frank Holmes
Soros: Euro Collapse = Global DepressionReuters
Confidence is Collapsing Around USMarketwatch
European Economic Government?Speigel Online (Germany)
Venezuela Nationalises Gold IndustryReuters
The Fix Is InPeter Schiff
China Debt Agency Further Downgrades US debt to AGary Dorsch
Europe's Money Markets Freeze on Italy, Spain DebtTelegraph (UK)
US a 'Parasite' on Global Economy: PutinTimes of India
Italian, Spanish Bond Rates Jump on CrisisMarketwatch
San Francisco Court System CollapsingBusiness Insider
Return of the Gold StandardTelegraph (UK)
European Economists: Euro's Survival at StakeTelegraph (UK)
Euro Crisis Has Decimated Greece's Private SectorSpeigel Online (Germany)
Euro Disintegration Fuels Gold's Historic RallyGary Dorsch
World's Richest Now Wealthier Than Before Credit CrisisTelegraph (UK)
US Dollar Could Collapse : UNCBC
The Real Houswives of Wall StreetRolling Stone
The Y ReportForeign Policy
The Real Story Behind Job CreationThe Guardian (UK)
Greenspan: The Market Knows BestSdyney Herald (Australia)
SkunkedPIMCO
Year of the Run on Banks?CNN Money
Down on ChinaGuardian (UK)
Is the American Dream Over?Speigel Online (Germany)
China Offers to Help Rescue Euro ZoneAL Jazeerah
Will the Fed Survive Ron PaulFortune
China's 'Death Grip' on the US$Fortune
Aden Sisters ForecastCBS Marketwatch
Global Bond RoutTelegraph (UK)
Paul Brodsky's Comments on GoldBusiness Insider
VIDEO: Quantitative Easing Explained (Must Watch)Youtube
World Bank Chief: Use Gold StandardYahoo Finance
Fed QE Spurs Backlash in Asia and EuropeNPR
Hong Kong Launches First Gold FundCBS Marketwatch
China, India Show Strength as Asia Leads the WayChina Post (Taiwan)
Roubini Sees US "Fiscal Train Wreck" AheadTelegraph (UK)
Weaker Dollar May Force Gulf Countries to Appreciate CurrenciesKhaleej Times (Dubai)
Sprott: Recommends Mining Stocks over GoldBloomberg Businessweek
Video: Fed and Civil WarFox News
Will The Federal Reserve Cause a Civil War Time Magazine
Credit Suisse: Global Wealth DisparitiesAlter Net
Will the US Defend the DollarGary Dorsch
Chinese Managers Shoot Zambian MinersTelegraph (UK)
Gold Ownership Tax IssuesMinyanville
Goldman Sachs: Gold to rise to $ 1,650Wall Street Journal
The Hail MaryPeter Schiff
Gold Bubble?Hindustan Times (India)
China Household Wealth to Double by 2015China Daily
Gold Stocks Hit New HighsZeal
Soros Warns China of Global Currency WarTelegraph (UK)
Alan Greenspan and GoldWealth Daily
Greenspan: Fiat Money Has No Place to go but GoldNY Sun
You Dont Recover from a Debt Crisis With More DebtGlobe and Mail
Prepare for Monster Money Printing from the FedTelegraph (UK)
Gold: The Eternal CurrencyAsia One Business
Greeks Line Up to Buy GoldBusiness (Australia)
Gold Buying Frenzy in ChinaCommodity News (India)
Germans Lead Gold Rush FrenzyFinancial Times (UK)
Poll: 93% of Respondents Believe Gold Will Fall in PriceCommodity Online (India)
Empires Fall Quickly and Without WarningNiall Ferguson
BIS: Sovereign Debt Crisis at "Boiling Point"Telegraph (UK)
Must Read: How Wall Street Ripped Off Main StreetRolling Stone
Americans Blame Bush for EconomyPolitico
Britain Could Lose AAA Rating in 12 MonthsIndependent (UK)
US Push on YuanChina Post
Obama 'Playing with Fire' over YuanChina Daily
Gold Stock RecoveryAdam Hamilton
Eurozone Risks "Sovereign Debt Explosion"Telegraph (UK)
Moodys: US Could Lose AAA RatingNew York Times
75 Years of Funny MoneyNational Post
Cracks Appear in EuroGlobe and Mail
Soros Doubles His Investment in GoldBBC
China's Monetary Tightening Won't Affect Gold DemandChina Post
Sovereign Defaults, Painful AusterityBloomberg
Berkshire's Munger: 2012 is Tipping Point on Road to RuinCBS Marketwatch
Wall St. Helped Hide European DebtNew York Times
Foreigners Dump US BondsABC News
Economic Landmine: Half of Commercial Real Estate 'Underwater'BusinessWeek
No Gold Rush for Paulson's FundNew York Times
China's Military: Retaliate by Dumping US BondsReuters
Bullish HUI TechnicalsAdam Himilton
Dr. Marc Faber: We are all DoomedCNBC
Corruption in Washington and America's FutureIndependent (UK)
UK Economy 'Lies on Bed of Nitroglycerine'Telegraph (UK)
Central banks and FXKhaleej Times (Dubai)
Gold: $ 2,000 in 2010?Commodity Online (India)
LSE Prof Warns of Massive US Dollar CollapseTelegraph (UK)
Commodities Supercyle to Continue in 2010Gary Dorsch
China Currency PegPeter Schiff
UK Debt Crisis Possible in 2010: Morgan StanleyTelegraph (UK)
If Countries Fail, Who Will Save Them?Telegraph (UK)
China, Gold and CivilisationTelegraph (UK)
We're Running Out of Gold: Mining CompaniesYahoo News
Which Big Country Will Default First?Prudent Bear
Jim Rogers Says Roubini Wrong on Gold BubbleBusiness Intelligence Middle East
Why Gold Could Still Triple From HereJosh Lipton
Video: Jim Rogers on the US and ChinaYahoo Finance
Video: Roubini Predicts a Dollar RallyWealth Daily
Goldman Sachs Magic Trick (Video)MSNBC
Wall Street's Naked SwindleRolling Stone
China: Real Estate Bubble?Stratfor
$ 5,800 Gold?CBS Marketwatch
IMF: China to lead Asia with 8.5% Growth in 2009China Daily
US $ No Longer Safe HarbourSprott Asset Mngt
US $ Set to be Eclipsed: World Bank PresidentGuardian (UK)
Video: Future of the US DollarCNBC
Half of German Top Managers Given the BootSpeigel (Germany)
Interview: Goldman Sachs CEO BlankfeinSpeigel (Germany)
US May Face 'Armageddon' in US BondsCNBC
China: From Trade Surplus to Trade DeficitCBS Marketwatch
HSBC bids farewell to US Dollar SupremacyTelegraph (UK)
Nassim Talib: Bernanke Should Not be Allowed in WashingtonGlobe and Mail
Gold Stocks Still CheapAdam Hamilton (Zeal)
China Pushes Masses into Gold and SilverMineweb (South Africa)
Former NY Governor: "Fed is a Ponzi scheme" (Video)Youtube
Video: Peter Schiff Was RightYoutube
Gold and Gold Stocks are the Best BetsPeter Schiff
Yuan for the RoadChina Daily
Congressman Kirk: China to Buy $ 80 Billion in GoldFox News
From 2007: Gold to $ 3,400Times Online (UK)
John Embry: $ 1,500 Gold and HyperinflationThe Gold Report
Hedge Fund Manager Invests $ 5.5 Billion in GoldTelegraph
Schroder Investment: Gold May Rise to $ 5,000Bloomberg
More News

Warren Buffett, Chairman, Berkshire Hathaway:  

Fiscally, we are in uncharted territory. Because of this gigantic deficit, our country’s ‘net debt’ is mushrooming… no one can know the precise level of net debt to GDP at which the United States will lose its reputation for financial integrity.”