The more times you hear that a particular turn of events is “unthinkable”, the more likely it is to take place and the SOONER it will take place. The more times you hear a radical change of policy described as “politically impossible” the more likely it is that the change is desirable and the more dire the consequences will be if the change is NOT made.
Being a contrarian is never glamorous. Even the word itself seems to be ostracized by the various word processor dictionaries as I’m often used to seeing it underlined with red dots signifying a spelling error when I type it online.
Wikipedia defines a contrarian as “a person who takes up a position opposed to that of the majority, regardless of how unpopular it may be.”…
Read MoreA couple days ago, while Business Insider’s Joe Weisenthal was gleefully hyperventilating about gold’s “death cross” (recall the “Joe Weisenthal can’t fail contrarian gold indicator here“), somebody undauntedly stepped up within the last 3 minutes of the trading session and made a 5.3 million dollar bet on out-of the money calls on the big three gold miners:…
Read MoreI don’t have any easy answers here so I am posing this as a serious question to the Libertarian and Anarcho-Capitalist community:
How do you repair and preserve the ecology under those respective systems?…
Read MoreThe precious metals have been in a 2-year trading range. Though gold rose 10.2% in 2011 and 7.0% in 2012, these rates are below the 16.8% average annual appreciationgold has achieved over the past twelve years.
Importantly, by being in a trading range, it is clear that the precious metals have refused to break lower despite repeated attempts by the gold cartel that occasionally gave the precious metals a severe pummeling.…
Read MoreIn response to Joe Weisenthal’s utterly moronic “Two Most Stunning Things About The Movement To Mint A Trillion Dollar Coin” over on Business Insider, isn’t (as Joe Weisenthal asserts) that:
… Read MoreDespite the supposed absurdity of it, and despite the fact that it flies in the face of everything everyone thinks about money, there are virtually no good arguments against it.
