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Michael Clark

Michael Clark
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  • U.S. Economic Output - 'Ugly, But Fleeting'? [View article]
    Wisdom requires recognizing one's own limitations, I agree. Humans pooling together to control weather patterns. Not very likely.

    "I'd like to fly, but I can't even swim."
    May 4, 2015. 08:08 PM | 1 Like Like |Link to Comment
  • U.S. Economic Output - 'Ugly, But Fleeting'? [View article]
    EARTH is warming. So is the entire Solar System. Makes me think it has more to do with the Sun's activity that with humans driving SUV's. I agree that our consumer-driven way-of-life is a catastrophe that needs to be replaced by a more thoughtful philosophy -- less object-oriented and more subject-oriented. But the truth seems to be that the whole solar system is warming -- and this implies larger forces at work than just the rather insignnificant human cells in the body of the earth.

    AFellowTraveler says it better than I, below:

    "The Earth and the immense forces that shape it care not at all whether 8 billion fragile homo sapiens can survive. And unfortunately the world's human population will not, and cannot, do much to control something as fundamental as our climate. I think that is the truth for better or worse."
    May 4, 2015. 08:01 PM | Likes Like |Link to Comment
  • U.S. Economic Output - 'Ugly, But Fleeting'? [View article]
    Excellent article. An enjoyable read.
    May 4, 2015. 04:17 AM | Likes Like |Link to Comment
    Thanks for your comment, 32243235. We agree. There is no easy way out of this. If we raise rates now, we get deflation and default right away. If we opt for negative interest rates, we get the destruction of fiat currencies, a massive inflation of assets, and then a crash, deflation and default. Those who think we can inflate the debt away are foolish. Debt IS inflation. More inflation is simply more inflation and does not solve the problems that such inflation creates.
    May 4, 2015. 12:53 AM | Likes Like |Link to Comment
  • Technical Tuesday: 2,100 Still The Line To Beat On The S&P [View article]
    Glad to see you're back, Phil. A touch of reality is needed around here.
    Apr 28, 2015. 12:50 PM | 3 Likes Like |Link to Comment
  • One More Reason Why I Remain Long 3D Systems [View article]
    Which faster: 50 or 15?
    Apr 28, 2015. 11:24 AM | Likes Like |Link to Comment
  • One More Reason Why I Remain Long 3D Systems [View article]
    The breakout has already been to the downside; and this breakout is continuing. Looks like it will test 18. From 97 to 18.

    Optionwriter: how many years to get back above 30?
    Apr 28, 2015. 11:22 AM | 1 Like Like |Link to Comment
  • One More Reason Why I Remain Long 3D Systems [View article]
    25.28. Has not bottomed yet.
    Apr 28, 2015. 11:19 AM | 1 Like Like |Link to Comment
  • Inflation Expectations Have Little To Do With Inflation [View article]
    Inflation. Tuitions in higher education have increased 3,000% since 1977. Housing prices jumped 400% in two years from 2004-2006 in some areas. The CPI inflation gauge did not even measure a whiff of inflation. The only thing the CPI measure, in terms of inflation, is if salaries are going up. If salaries don't go up there is no inflation. If my salary doesn't go up, but interest rates go down, and I become a debt slave in order to find a way to mitigate my 'loss' of income, that is not inflation (even though rising debt IS a form of inflation) -- rising debt is good inflation, because it makes the banks more powerful -- rising salaries is bad inflation because it makes us all pay more for goods and services we purchase, which sets off the CPI bells.

    Inflation is a very tricky concept. I think 'growth' and inflation are the same thing -- think of growth and inflation and the Business Cycle as being the same thing, such as 1983-2001. There is visiible inflation (salaries inflation) and there is invisible inflation (debt inflation). Invisible inflation seems benign, because it does not force the FED to raise interest rates, even when they should. The FED should have begun raising interest rates in 2001; but no one wanted to stop the party.
    Apr 28, 2015. 10:49 AM | 2 Likes Like |Link to Comment
  • The 'War On Cash' Migrates To Switzerland [View article]
    Just watch your tv. Oh, that's right. Television is now highly censored to protect the audience from reality. Watch the internet, until that gets taken off the air by those interested in steriilizing what people are exposed to, for their own sake of course.

    Remember, entertainment first. Keep the masses entertained. Information? Information is overrated. Bread and circuses.
    Apr 28, 2015. 10:39 AM | Likes Like |Link to Comment
  • The 'War On Cash' Migrates To Switzerland [View article]
    Yes; but the central banks shortsell paper (ETF) gold and silver to make it an unattractive investment. That's a lot less than simply not pushing it. Brokerages makes the same commission if I buy IAU as if I buy IBM. The financial media doesn't make a commission off their salesman pitch at all, unless they are getting kickbacks. Your example is not so good.

    Conspiracies are a way of life. All political movements of 2 or more people involve some level of conspiracy. The idea that 'conspiracy' is an illusion and the hallucination of an unbalanced mind is a fairly recent attempt by the status quo to deflect criticism. Huge conspiracies and small conspiracies have always run the world, and will always run the world. Conspiracies don't have to be secret deals between power brokers (they can be); they can also be major political movements with very public programs and methods to carry out victorious plans to gain power. The idea that everything in life happens without programmatic direction by those with power or those seeking power is a bizarre notion, and a kind of whitewashing of reality. Conspiracies are the basic methods of all political movements, large and small.
    Apr 28, 2015. 10:37 AM | 1 Like Like |Link to Comment
  • The 'War On Cash' Migrates To Switzerland [View article]
    Read the history of Germany in the 1930's. It's all right there.
    Apr 26, 2015. 11:49 PM | 1 Like Like |Link to Comment
  • The 'War On Cash' Migrates To Switzerland [View article]
    From 2005 to 2015, IAU, the Physical Gold ETF, is up 170%. In the same time, IBM is up 125%.

    From 2005 to 2010, IAU was up 422%. In the same period, IBM was up 63%.

    Today the central banks are giving IBM essentially free money to buy back their own shares; and according to many observers, central banks are engaging in the naked short-sale of paper (ETF) gold shares to keep gold prices down. It is not a level playing field.

    Still, considering all this, IAU from 2005 to today was a much better investment than IBM. Guess what would happen if the central banks stopped short-selling paper gold and stopped giving ZIRP loans to IBM. No telling what, I guess.
    Apr 26, 2015. 11:48 PM | 1 Like Like |Link to Comment
  • The 'War On Cash' Migrates To Switzerland [View article]
    In the next world -- the old world is scheduled to end, and the new world to begin, 2019 -- all currencies will be backed by gold (the ruble and the yuan first?). That is how the world begins, with gold-backed currencies. The world ends with no currencies backed by gold.
    Apr 26, 2015. 06:30 PM | 1 Like Like |Link to Comment
  • The 'War On Cash' Migrates To Switzerland [View article]
    The central banks postitively DO NOT WANT people changing their allegiance from US Dollars, Swiss Francs, Euros and Yen to gold. That is why they have been actively suberting the precious metals markets, to make them unattractive as an investment. But negative interest rates change all that.

    I'm still short gold technically. But when it turn back up I don't see any reason it will not replace fiat currency as an investment darling. The central banks have failed. NIRP is the end of central banks.
    Apr 26, 2015. 05:11 PM | 2 Likes Like |Link to Comment