A 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 More
What Is “Dysfunctional” Here?:
In the eyes of those who run financial markets – not just in the US but all over the world – a “dysfunctional” government is one which puts any impediments whatsoever on unlimited credit creation. Given the $US hundreds of TRILLIONS of “derivatives” extant, any such “limits” or even the thought that there ARE any limits is dangerous in the extreme.
The Ron Paul Farewell Address
This is the most important, relevant and germane speech since Eisenhower’s farewell address. Before you dismiss people who espouse “liberty” as nutters and kooks, before you silently acquiesce to the today’s “status quo” and hand the bill off to your children, open your mind for a measly 48 minutes – that’s less than 1 hour, less than one episode of Survivor, and watch this.…
Read MoreNot a bad little docu-drama about the onset of a US dollar collapse. There are a few inconsistencies, I believe some of the fictional “market moves” depicted would not occur because gap limits would kick in and suspend the trading session. I also believe that a 1700 point drop in the DOW would trigger a banking holiday as opposed to a 2-hour trading halt.…
Read More
