Seeking Predictability

On Gold, Silver and Krugman's Misinformed Self-Congratulations

After reading the title of this post, I could hardly wait to warn readers about Krugman! But the author already said it best with "....Krugman is a political hack first and economist second". He reminds us old timers of John Kenneth Galbraith, the 1960s darling of Washington, academia and media, who turned out to be wrong on just about everything while Friedman was right.

Time to Start Worrying About Australian Banks?

As the Scandanavian countries were prior to the onset of welfare state laziness and surging Muslim immigration, Australia and NZ (probably -- I don't really know) enjoy populations that are not only "young growing" but also mostly compatible and free of race and class political exploitation.

In stark contrast, politically fomented and exploited "diversity" has replaced "melting pot" in the US, bringing housing-led economic collapse and accelerating socialism. What data on Australia and NZ compare to the following in the US? 47% pay no federal income tax; one-party rule in Washington D.C. has been installed by overwhelming bloc-voting -- "blacks", poorest, richest, single unmarried women, youngest, oldest, least-educated, most-educated; election campaigns were overwhelmed by one-party's support from foreigners (illegal), lawyers, union officers (not union members), billionaires, gays, "elite" media, academia.

Silver Backwardation Ends

If, as seems apparent, Goldmoney is the place to go to buy and hold audited bullion, then someone please advise how to do it.

Banking on Energy (Rather than Currency or Gold)

robt99: Good question--effects on "global balance of power"! Oil and gas, along with other essential but less-important resources, have been for some time the chief "weapon" in global "warfare".

Banking on Energy (Rather than Currency or Gold)

Mpyre: American policy-makers, especially the current crop, are afflicted not so much by myopia as by self-interest and politics.

T. Boone Pickens: Always Be Selling

Pickens challenged Kerry to show ANY SINGLE untruth in the swift boat expose. If Kerry did, Pickens would donate a million dollars to charity; if Kerry couldn't, he (Kerry) would give a million. Kerry dodged it.

Will Brazil Really Nationalize Oil?

JohnE: Setting aside tact, one must ask if you are dishonest/a Democrat politician or just stupid/uninformed. Truths include: Exxon and others drill where their geologists foresee favorable risk-reward, not just anywhere that government(s) make available; history shows that nationalized anything* is inefficient, including and especially oil and other extraction industries -- China has switched to capitalism while Russia and Venezuela turn back to socialism and declining production; oil company profits are not "absurd" or even excessive -- less than many other industries, less that taxes paid, and far less than investment in future production; renewable energy research, development and installation are booming all over the planet -- carried out by those best able to commerialize (make cost-effective for users), and subsidized, but not owned or controlled by governments; the "thugs", whether dictators or power-hungry politicians, and disdain for the citizens
are found at the top of government -- a monopoly.

Possibly the clearest example of the U.S.
government's misuse of monopolistic power is Speaker Pelosi's adjournment of the House to prevent a vote on drilling for any new offshore oil.

* A rare exception to counter-productive government programs was the Manhattan Project of World War II.


include the Manhattan Project and

The Economics of Political Spin

Let's sum it all up: (1) It's Washington VERSUS the people; (2) Bipartisan is NOT non-partisan; (3) Republican governing is terrible--Democratic is far worse!