We have a bubble in government paper. Assessing the end of the bubble is, like assessing the end of any bubble, hard. (more…)
Archive for the ‘economics’ Category
Timing the coming hyperinflation
Friday, December 2nd, 2011MF Global Obama
Tuesday, November 29th, 2011John Corzine was the US Government, in the same sense, and to the same extent, as the Occupy Wall Street protestors are the US government. He stole his depositors money, and pissed it away, not on wine, women and song, nor on gambling on stocks nor horses, nor at the casino, nor on purchasing little boys for sexual purposes, but gambling on Greece.
You know how the occupiers demand virtue jobs at government expense? Jon Corzine was betting on the great productivity of Greeks who have virtue jobs at government expense. (more…)
Paper precious metals start to evaporate
Saturday, November 19th, 2011He won’t be.
Jim Willie tells us:
The CME has advised that 1.42 million ounces of registered COMEX silver inventory is unavailable for delivery due to MF Global bankruptcy, as well as 16,645 registered ounces of gold also unavailable for delivery.
He tells us that there will be naked shorting of gold, but it seems to me that MF Global was already doing naked shorting. (more…)
Stultum facit fortuna
Wednesday, November 16th, 2011Whom fortune wishes to destroy, she first makes mad.
Consensus leads to the madness of crowds, not the wisdom of crowds. As we move to a government ruled by consensus, and intrusively pervading every aspect of society with its power, madness and evil prevails. (more…)
The sins of “Occupy Wall Street”
Friday, November 11th, 2011This should not be necessary, but I observe right wing blogs blissfully unaware of what has been going on, so, a list: (more…)
Herman Cain sticks it to political correctness
Wednesday, October 26th, 2011At 41 seconds into the ad, the speaker says: “We can do this, we can take this country back”, and takes a drag on a cigarette.
So who are we taking it back from?
We are taking it back from the scolds and self righteous naggers.
The cause of the decline
Sunday, October 16th, 2011Lately there as been a lot of concern about the increasingly visible decline of the west, notably Peter Thiel on “The End of the Future”: (more…)
The Great Recession
Friday, October 14th, 2011
The Great Recession
US dollar rises, because Euro smells even worse
Monday, October 3rd, 2011The value of the US dollar has risen, as valued by gold and by the fiat currencies of countries that are relatively solvent.
The apparent cause of this is not that there has been any improvement in the prospects for the US dollar, but that a chaotic dissolution of the Euro zone looks likely, so traders are switching to the most liquid asset that there is. (more…)
Herman Cain: Not the affirmative action candidate
Thursday, September 29th, 2011Because Herman Cain has black accent, and tends to use simple sentences to express himself, while Barack Hussein Obama has a ruling class accent, I initially got the impression that Obama was smarter. I should have known better.
Herman Cain will answer tricky questions extempore. No teleprompter for him. Who then is smarter? He has lots of facts at his fingertips. If someone expresses himself simply, it is apt to indicate he cannot express, nor understand, complex ideas, but if someone expresses complex ideas simply, it means he is smart, has charisma, and the common touch.
Herman Cain is smart, has charisma, and the common touch.