The 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…)
Because 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.
Governor Romneycare is, or was, the establishment Republican nominee. When his campaign turned out to be dead on arrival, Rick Perry was the emergency backup establishment republican nominee. But Herman Cain now leads 28% to 17%
Herman Cain has from the beginning been the main Republican Republican nominee. Back in May I said “It is a long, long way to the 2012 presidential elections, but they are Herman Cain’s to lose.” They still are. (more…)
Palin’s brilliant speech on Crony Capitalism seemed to go right over the heads of most of the voters, but the party faithful understood it, and now this talking point is being used to hammer Obama at every opportunity.
After it has been repeated one thousand times, the voters might well get it. (more…)
If anyone wonders why unemployment is high and rising, and is inclined to discuss aggregate demand and suchlike, just read Coyote Blog: Dispatches from a Small Business
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…)
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.
Progressives suggest it is because Finland is so wonderfully progressive.
However, a refugee from Finland took a look at that article, and reports that it is because progressives lie like rugs: (more…)