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Forget what you thought you knew. If you find yourself scratching your head as to why gold and silver continue to rise, look no further, you will have your answer today. The Financial Panner has been researching and writing about global macro-economics for some time now but even we are subject to an “Ah Ha” moment. As written in our initial newsletter from this year “2010: Truth to Shine as Bright as Gold”:

The truth hurts. Initially, truth can be shocking, hurtful, surreal, and utterly amazing – but its longer term nature is always liberating as it provides a solid foundation to make forward progress. With truth comes change, whether desired or not, and eventually a new sense of hope.

The Financial Panner sees 2010 being a year where many economic and market truths, a number of which are not mainstream, ascend the dam of deceit and rapidly immerse us all dispassionately. Though many still will not wish to recognize and accept them, these truths will begin to be accepted by a majority as commonplace.

There is no doubt that this is now happening in markets as well as in corners all over the world. For many years now, the hidden answers as to what is going on with the economy and where it is headed have been underground, scattered about, and lurking in dark places. Even if you found the answers you would have written them off instantaneously – most would have considered them unbelievable, ridiculous, or just plain idiotic. This has all changed. [...]

In a recent interview, Boston University economics professor Laurence Kotlikoff gets right to the point:

“Forget the official debt,” he tells Aaron in this clip. The “real” deficit – including non-budgetary items like unfunded liabilities of Medicare, Medicaid, Social Security and the defense budget – is actually $202 trillion, the professor and author calculates; or 15 times the “official” numbers.

“Congress has engaged in Enron accounting,” says Kotlikoff, who recently penned an op-ed for Bloomberg entitled: The U.S. Is Bankrupt and We Don’t Even Know It.

The fact that real US debt greatly exceeds what is publicly advertised is nothing new to readers of the The Financial Panner. The “real” deficit was outlined last fall in “The Empire’s Silent Default” which was a review of Sprott Asset Management’s September 2009 investment newsletter.

What is new, however, is the growing focus on the bubble in US Treasury Bonds, which Kotlikoff also touches on: [...]

A recent book by Jim Marrs, entitled “The Trillion-Dollar Conspiracy”, serves as a well documented factual reference to the financial catastrophes (and much more) which led to the September / October 2008 systemic collapse.

Even more important however, “The Trillion-Dollar Conspiracy” quotes the founding fathers on the causes of the American Revolutionary War. Keep the following snippet from the book, which quotes Benjamin Franklin, in mind while reading the remainder of this newsletter:

And despite the popular myth, the American colonial revolt against England occurred more over concern for its own currency than a small tax on tea. Benjamin Franklin wrote, “…the inability of the colonists to get the power to issue their own money permanently out of the hands of George III and the international bankers was the prime reason for the Revolutionary War.” As previously discussed, wealth equals power. And the American revolutionists knew that to gain true freedom, they had to break the power of the Rothschild-dominated Bank of England, which had outlawed their money-colonial script.

Obama’s debt commission recently came out and, not surprisingly [...]

You most likely live under a dark slimy rock if you haven’t heard what is happening in Greece.

The country is in serious financial danger and bond yields on the country are rising fast and furious regardless of the underlying expectation that the European Union and/or the IMF will bail them out. Per the following article: [...]

Guess which is the ocean and which is the bucket?

Many interesting things are currently happening in the financial markets. One that stands out and relates to the title involves the saga of the continuing IMF gold sales. To best illustrate the latest of this nearly 6 month drama follow the simple timeline provided below: [...]