Grass Ranger

How to Preserve Wealth in a Socialist Economy

On Feb 15 12:07 PM PastTense wrote:

"The OP clearly doesn't know what he is talking about. The number
of centrally planned economies has declined overwhelming--see Russia
and its satellites and China. Actually it is hard to think of any
centrally planned economies left: Cuba, North Korea, who else?
Instead the enormous movement has been toward crony capitalism--where there is an unholy alliance between certain sectors of the business
world and the political elite."

PastTense, you are overlooking the fact that your centrally planned economies and crony capitalist economies are essentially the same except for the front men. There is no essential difference between the Central Planning Committee of Cuba deciding who gets the party perks and the Goldman-Sachs/US Treasury cabal deciding who gets the bailouts.

5 Reasons to Save the Greenback

Steve Agnew - "Clearly oil futures are in the midst of such a frenzy and so an obvious strategy would be for the central banks to short oil...big time."

Short Oil?? Who is going to loan oil to a central bank to put it into the market? Haven't you seen the effects of going short against the commodities lately. These price run-ups are due to demand for commodities in short supply, not just speculators making a fast buck. The reason the buck is so cheap is that there are so many of them floating around the world that no one wants.