Free Republic

When David Lipton, a promising economist, was finishing his graduate work at Harvard in the early 1980s, he faced one of those potentially life-changing choices. He had one job offer from the International Monetary Fund in Washington, the multinational institution that for 70 years has served as a lender of last resort and dispenser of orthodox economic advice to countries that get into financial trouble. There was also an offer of a teaching job from the University of Virginia. Unsure of which path to take, he turned for advice to an intellectually restless and charismatic assistant professor, a Frenchman named...

In the 1970′s he predicted gold’s meteoric rise and its 1980 top to the day. He published a full page advertisement in USA Today warning of the impending collapse of stock markets in the 1987 Savings & Loan crash – and nailed that one to the day. He saw the collapse of the Japanese real estate market and warned his clients that a depression was coming. In the late 1990′s he contacted Russian officials to advise them of an impending meltdown of their currency due to forces beyond their control – and he was right again. He lives in New...

BofA Technical Analyst: Gold Is Set For A Rally, Could Go As High As $3000 Max Nisen May 22,2012 The technical analysis team at Bank of America Merrill Lynch thinks a month's long decline in gold is coming to an end. Here's an excerpt from a note by Mary Ann Bartels and Stephen Suttmeier: Gold has pulled back to test support at $1550-1500. This support is holding, which sets up gold for a rally. The downtrend line from the August/ September highs provides initial resistance near $1700. Chart resistances are near $1800 and $1900-1925. Our longer-term view remains that gold...

A new government study released Tuesday says that allowing Bush-era tax cuts to expire and a scheduled round of automatic spending cuts to take effect would probably throw the economy into a recession. The Congressional Budget Office report says that the economy would shrink by 1.3 percent in the first half of next year if the government is allowed to fall off this so-called "fiscal cliff" on Jan. 1 -- and that the higher tax rates and more than $100 billion in automatic cuts to the Pentagon and domestic agencies are kept in place. There's common agreement that lawmakers will...

Is there real gold at Ft. Knox? According to Rep. Ron Paul, the answer may be "no!" Monetary historian Andy Gause joins Ian to talk about the implications if Ron Paul is right