css1971

Is Gold A Sucker's Bet?

Oh... Really?

news.bbc.co.uk/1/hi/wo...

By Any Definition, a Crash

Sorry. You're making the mistake that there is such a thing as "intrinsic value".

No such thing, there is only the relative value to the currency. If there are 10 trillion units of currency, that 10 trillion represent all of the things you can buy with them. If there are only 10 units of currency, that 10 units represents exactly the same amount of real wealth as the 10 trillion.

Well, with a 30:1 leverage ratio, that 10 trillion could fall to 1/30th of the current value as the debt consumes the credit. Unlikely yes, but there you are.

There's no such thing as "stupid value" when the notion of value is being changed on an hour by hour basis.

The Euro Shows Its Real Colors

"Euro has the fatal flaw of being governed by a single central bank but multiple national governments."

You seem to think that national governments matter... Haven't you noticed that when certain banks shout "Jump!", the national governments ask "How high?"

The Light at the End of the Tunnel Is Energy Efficient

Much easier to get people to dig holes... Then fill them in again...

Don't Blame Deregulation For This Crisis, It's All About Lack of Regulation

And yet... The government is regulating 700 billion into the pockets of these people... That doesn't sound like a lack of regulation to me. It sounds like a whole lot of regulation.

Would you like to know what would really happen with a lack of regulation? They would collapse. The lot of them. They would dissolve in the toxic mess they had created and people would be just a little more wary of trusting sharks with their money because they know the nice government men aren't going to step in and save them from their own folly.

In a truly deregulated market, trust and reputation would have to be earned... and would be worth it's weight in gold.

Bill Gross Says 'Jump.' Will the Fed Once Again Say 'How High'?

"Am I crazy? Am I the only one who thinks that one of the reasons we have periodic debt meltdowns is because we are so steeped in debt, we can't even call a loan . . . a loan."

We're in this mess because:
1: Banks are permitted to create money.
2: Debt pays interest.

Analysts: Expecting a 30% Rally Over the Next 12 Months?

Doesn't matter where. If you print enough notes you can reach the moon...

The Topsoil Crisis: Dirt Isn't Cheap Anymore

Very interesting article.

Google for Terra Preta.

There are a couple of producers of pyrolysis units which can produce both bio-char/agrichar for soil improvement, and, oil and gas for energy. The inputs are biological agricultural and domestic waste, which rather makes them carbon negative.

Not big at the moment, but as they say, every problem is an opportunity.

How to Save the U.S. Economy: Kill 1971's 'Floating Dollar' Experiment

The problem isn't primarily Fractional Reserve Banking?

It Could Happen - Cramer's Mad Money (9/26/08)

The Republicans and Democrats are both paid puppets. Their employers aren't going to allow real change.

Close Down the Federal Reserve

Much as I agree, there have been wars and revolutions over the control of banking. Are you willing to take to the streets over this?

Thought not.

Can Capitalism Survive Its Latest Entanglement With Socialism?

"In order for the markets to work properly in the future, they must feel pain and moral hazard. I am not sure why the brokerage firms should be bailed out while Main Street was blithely ignored."

Ehm... Who do you think owns the government?

To Avoid Failure, Get Really Big; Everybody Else, Watch Out

If you're too big to fail then you're a threat to national security...

Buying Gold: What is High and What is Low?

Hint... High and low are relative.

HTH HAND...

Where's the Bottom? Still Anybody's Guess

Good article.

However, it's clear that the existing monetary system will survive. It has survived, and grown from the Rothschilds in Frankfurt and Patersons creation of the Bank of England several hundred years ago.

The next step on the march is the establishment of a world bank with world currency based on the same principles. You see the central bankers and politicians calling for it already. The only way to have a stable financial system they say...


Eh... how about not basing it on debt...

It does mean that we and our children are born into and live our lives within a tremendous fraud, a massive financial trap... I'm buying gold and silver because they are freedom. How ironic.