More people spend their time trying to figure out how to redistribute wealth than trying to create it.

A Great Correction is very different from a recession.  It is not a pause in an otherwise healthy economy. Instead, it is a change of direction -- an adjustment to new circumstances.

Don't expect a balanced budget for this year or any year of this president's administration.  Instead, he'll add 75% to the nation's official national debt -- three times more than all the presidents who came before him put together.

Americans are having a hard time making ends meet.  Their incomes are falling in real terms.  Measured by the official core CPI, incomes are about flat for the last 10 years.

Even modest cuts proposed by the Republicans don't have a chance.  Every privileged group threatened by the cuts will mobilize.

Traders said that gold sales to China had jumped 30-50 per cent since Christmas, driving the cost of kilo bars in Hong Kong more than $3 per ounce above the market price of gold, the highest level since 2008 and an indication of the tightness in the physical market.

The US now has a higher unemployment rate than Russia, Britain, Germany or Japan.  When it comes to joblessness, the US is a world leader.

American consumers already spend too much.  Consumer demand needs to go down, not up.

In the spirit of civic betterment, Bill Bonner offers a bit of advice to financial authorities all over the world.

Bill Bonner writes that gold is not in a bubble market.  It's in a bear market.  It will turn into a bubble market later.