triznix

Thursday Outlook: Commodities, Emerging Markets

Maybe we should invest in paint??

The Last Time Globalization Collapsed: Parallels to Today

Unfortunately, much of today's problems are only being brought to light because of the recent herd-driven bubble-ism. However, the roots of the problems go much deeper and further back than that.

U.S. Dollar Paradigm Shift Underway

Nobody is claiming that going back to a gold standard will "save" the country. All we are saying is, if you want to save YOURSELF, it would behoove you to stop drinking from the punch bowl.

Also, just look at Michael Krause's credentials...or, should I say, lack of credentials. an "economics blogger" whose only professional claim is that he co-founded an ISP during the tech bubble????

Give me a freaking break! Although it is fun to rail against propagandists like him.

U.S. Dollar Paradigm Shift Underway

The reality is, there is a commodity base for the dollar: it's oil. Oil has real, intrinsic value, paper does not. Unfortunately, oil is a limited commodity that is used up. Also unfortunately, since oil is concentrated in the middle east, the united states is forced to exert military influence there merely to protect our financial system. People around the world (except for most americans, it seems) are starting to realize this, including our middle eastern "allies". Kuwait used to peg there currency to the dollar. They recently depegged and were able to get their inflation under control. Contrast that with saudi arabia who maintains a dollar peg. their inflation is through the roof. they are not too happy about that.

It's not rocket science.

U.S. Dollar Paradigm Shift Underway

I was comparing it the united states, genius, thus the line about, "The dollar has been money for only 200 some years"

U.S. Dollar Paradigm Shift Underway

The dollar has been money for only 200 some years. gold and silver have been money for thousands of years. No fiat currency ever survives. If you look at the history of coinage of the roman empire, you can trace the metal content and see that the actual amount of precious metal content decreased as the empire collapsed. But if you only want to look at the past 30 to 40 years, then that is your choice..... heh