Every month, the U.S. propaganda machine plays the same game in the housing sector. It announces “new home starts”. Then a few days later it announces “new home sales”. But it never, ever, ever talks about the two numbers in the same news item.

It is infuriating to precious metals investors to watch the community of zombie-economists continuing to make the same mistake, month after month, year after year (and once again today) with a very simple economic dynamic. As our economies slow down (and very possibly crash), it is inevitable that inflationary pressures will worsen – not ease.

One of the most poorly kept secrets in Wall Street’s empire of fraud was that credit default swaps were never anything but pretend-insurance. The credit default swap market is a $60+ trillion paper Ponzi-scheme. The Wall Street crime syndicate claiming to “back” this insurance have nothing more than a few $billion of liquidity apiece.