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  • Private Equity Releverages with a Vengeance [View article]
    Good article. I concur : the boys are ready to do it again. Now, they have the assurance, that common folks will certainly have to pay for their next folly.
    One thing worries me in this article : the remark about the evil, bad tax-heaven Ireland. This remark is really stupid. I won't discuss whether Ireland is indeed a tax-heaven. But more generally, Tax-heaven is the ultimate and perhaps the only way to oppose the follies of Big Government that put the western world in its current state. To denounce the existence of Tax-Heavens is to support the statists' aspirations to a totalitarian regime. So, in the end, I question very much the logic and common sense of the autor. Implicitly, this person seems to want more statist violences and meanwhile, denounces its consequences. Strange, not uncommun, but strange.
    Aug 26, 2009. 11:10 AM | 5 Likes Like |Link to Comment
  • New Central Bank Sales Agreement Is Very Bullish for Gold [View article]
    You say : "Every time that individual countries have experimented in fiat currencies, the results have been identical. Greedy bankers create too much money, and much too much debt, and these economic “houses of cards” financially implode in spectacular fashion."

    -> Most of the time, it has been political mobsters (also named "statemen") that have tried to rob other people's money by creating too much paper-money, and not so much "greedy bankers" by themselves. Your easy rant against eternal "greedy bankers" is low and - most of the time, again - unfounded. You don't even try to support it by facts, probably because you lack historical knowledge.
    Aug 7, 2009. 01:09 PM | Likes Like |Link to Comment
  • Hyper-Inflation or Just Hype? [View article]
    "But I admit that the ambivalent price of gold, in itself, is not proof that investors are ambivalent about future value of the dollar. Gold is a global resource; increased demand by US investors might be offset by weaker demand, or sales, elsewhere."

    -> those two sentences make no sense at all !!! All commodities have a "global" price, making them an "ambivalent price"... A price in USD is always global, because you could always exchange those dollars against almost anything in the world. What make those price "ambivalent" for gold, I do not get it.
    Jun 15, 2009. 11:26 AM | 1 Like Like |Link to Comment
  • U.S. Jobs Propaganda Gets More Desperate [View article]
    Does the autor have an idea of the "statistical margin or error" for unemployement official figures ? Does the report publish some standard error or margin of significance etc ? I wonder by the way, what is the margin of significance for a inflation or a GNP number. Does anybody knows ?
    Jun 5, 2009. 09:05 AM | 7 Likes Like |Link to Comment
  • Has Gold Been Manipulated? [View article]
    Nice article. I would made two points :
    i) the true basis of the gold-manipulation is the understanding of the relation between central banking as a mean to control a population by a state, and the monetary value of gold. States must eradicate any competition as for money, for through control of money, they will gain much more power than through any direct taxation. So, the true debate is more a political debate, than a technical/economical. However they will do it, they have to do it. And they have almost an unlimited power to achieve this goal. So, trying to get the exact path used by states to achieve this goal, is a mere loss of time. Suffice it to understand that what is rational to do, will be done.
    ii) concerning your lesson of "capitalism" for banks. Speaking of capitalism today, in a world dominated (literally) by fiat currencies and fractional reserves banking, is rather irrelevant and even stupid. Those two phenomena negate the very basis of capitalism, which presupposes honesty in any contract. Whithout honesty, you don't have capitalism. So, I dare say that Occident abandoned capitalism sometime at the beginning of the last century, when it adopted massively fiat currencies and fractional reserves banking.
    May 21, 2009. 02:15 PM | 2 Likes Like |Link to Comment
  • Sucker's Rally Approaching an End [View article]
    Good article. Except for the thing about governments' role : "Government stimulus packages have more than likely been too small and too late to prevent another down leg in stocks, and will take time to revive the real economy, if indeed they can do so."
    Do you really think stimulus packages have a positive impact ? I would rather believe the contrary. State intervention can only worsen things, as it has always done.
    As an old man used to say, "the government is the problem, not the solution".
    Apr 18, 2009. 05:19 AM | 1 Like Like |Link to Comment