New Journal Format Starts Now

November 03, 2003

Welcome to the new Journal format for We hope that this will become a more active and trafficked part of the website, with more frequent updates by myself and partner Richard Lancaster.

The archives of the old journal can still be accessed here: old journal, but recently the pages have fallen into disrepair due to lack of attention. This new system, based on the open source Movabletype engine, is much easier for us update from anywhere on the web. No cumbersome HTML required, which means we can concentrate on the ideas, and get them up quickly. This tool also allows for instantaneous reader feedback.

As editor of this website, I often receive information and notes from readers that are interesting and that I feel would be of value to other readers as well. But due to time constraints, they often times get buried in my inbox, never again to see the light of day. With this new system, reader feedback is also instantaneous. You can comment on anything that we write, and you can comment on comments, as well. And you can do so anonymously, if you please.

We hope this will become a more active community for those interested in the various aspects of the unfolding of the Second Great Depression.

If you’re a regular reader, please take the time now to test out the site – just say hi – let us know you’re out there. It is for you that we continue to maintain the site.


Michael Nystrom

Posted by manystrom at November 3, 2003 01:35 PM

Great job! This is a great website - I check it daily. Keep up the good work.


Posted by: Dirk Davies at November 3, 2003 01:43 PM


Posted by: Bill at November 3, 2003 08:45 PM

I use this site daily as a door to more accurate and honest perceptions of financial and world trends. You are doing anyone who visits a great service, and I hope you will continue.


Posted by: TJ at November 4, 2003 04:09 AM

i like the web site it keeps me in formed about gold / money market and items of interst that you do not find on other sites,and some times well ahead of other news releases. GOOD JOB !

Posted by: lon hardy at November 4, 2003 05:19 AM

Hey, a blog! Finally! What took you guys so long?! *kidding* ... Good work! :)

Posted by: lowem at November 5, 2003 03:35 AM

I start my day with this page. Please keep up with the good work.

Thanks a million.


Posted by: Bhai at November 5, 2003 12:39 PM

Thanks for doing a good job one keeping us up to date on the precious metals.

Posted by: sonny at November 5, 2003 10:21 PM

I have a question for any readers out there:

Where will the POG be at the end of this year? What will the closing price be?

Michael and I both put out our Predictions for 2003 at the end of last year and some of them are really close, and others are horribly wrong (like where the DOW and Nasdaq would be - of course we predicted where it should be, our mistake - we failed to predict where it actually would be!).

Given next year is an election should we predict another up year for the markets, or a catastrophic failure that could not be contained?

So many questions and so little time, especially as we have to work to pay off the bank!!!

Feel free to post questions for Michael and I here, we will check daily and respond as usual with candor and humor!

Cheers Rich

Posted by: Rich Lancaster at November 5, 2003 11:44 PM

"There is no freedom without freedom from debt."

Posted by: INFINITE RETRY at November 8, 2003 05:03 AM

I read your site daily, It's one of the best,and my thanks to you..

Posted by: The Big Show at November 15, 2003 10:19 AM

Always an interesting asssortment of information. Remember when looking for the truth, take the view from the right and the view from the left and somewhere in between lies what is in fact correct. As for POG at year end, lets say around 365.

Posted by: Mark at November 19, 2003 01:41 PM

Hey Mark.

The POG right now (Friday), around the world, is pushing for $400 again, having touched $401.10 on Wednesday (the last day of US trading this Thanksgiving). The US $$ is about to reach another new multi-year low.

Short of a major dollar rally I can't see the POG taking a $30 hit, but if it does I'll be jumping on the opportunity to buy.

I've just been reading Harry Schultz's latest "Life Strategies" and he is advocating moving in to at least 5 foriegn currencies and out of the US$. He perceives a 20% additional "correction" in the US$ over the years ahead. It appears that the trend is that the US$ drops about 1% per month, therefore gold rises that amount (and precious metals stocks and mutual funds rise about twice that).

So, regardless of the next months activity I think it is very safe to say that the trend is in, look for a 1/2 to 1% drop in the US$ for quite sometime - with deviations that serve to confuse the masses.

Cheers Rich

Posted by: Rich Lancaster at November 29, 2003 01:12 AM

The fear of death is the beginning of slavery.

Posted by: Snow Robert at February 28, 2004 10:08 PM
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