Until recently, it has been near impossible to see daylight between the Obama regime and the Banksters, but now, banksters are being thrown overboard.
The FHFA sues Goldman Sachs for common law fraud.
I conjecture this is in preparation for the 2012 elections (more…)
It is apparent that the modern institution of marriage is profoundly ill suited for producing and raising one’s biological children. I suggest, therefore, that just as we no longer use the word “gay” to mean merry and light hearted, we introduce a new word and new kind of contract, reproductive contracts, for people who intend to have children together and raise them. And for “marriage”, allow anyone to marry anyone, or any group of people or animals, for any length of time five minutes or longer. Thus three men, a horse, and a dog, could marry for seven minutes to have sex in the alley between Van Ness and Polk Gulch, but let us have a different word, and a different contract, for the case where the intent is to bear and raise children. (more…)
Taleb, a very smart guy for whom I have immense respect, says the five trillion in effect wound up being stolen by the banksters.
If we just look at events over the last few years, that is obviously untrue. (more…)
I don’t evaluate the situation as so serious yet that one needs to buy physical gold and sit on it, but one needs to buy claims on gold that can be turned into physical gold that one can sit on should the situation deteriorate further, as it most likely will. Can anyone tell me what gold investments most plausibly make such a promise?
A lot of gold funds are investments in promises to deliver gold, rather than investments in gold capable of being delivered. The time is fast approaching when they are not going to deliver. Today, the credibility of gold funds is not so important, but may well become important rather suddenly.
A lot of people are wondering why silver is not going up.
It is quite simple. Gold is money, the one and only true money. Silver is not money, ceased to be money around 1870 or so. People are buying gold in expectation of an increase in monetary demand. The imminent collapse of fiat moneys will boost demand for gold, not silver.
Why is gold money? Network effects. It is money because it is money, and silver is not money because it is not money. Gold is money because large numbers of people expect large numbers of other people to treat it as money.
Lately Mencius Moldbug has been off his best, so, looking back to his greatest hits, here is a golden oldie
The democratic state needs votes, to give it legitimacy, so is always looking for ignorant stupid cheap voters that it can buy to bulk up its astroturf. And so the franchise expands. And when it can expand no more, then fresh voters are purchased from outside. (more…)