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Golden insight
Gold is obviously in the midst of a bull market. Here is the Eric Janzszen from iTulip.com perspective. During the period from after WWII until the U.S. abandoned the international gold standard, food prices remained steady while personal incomes increased. Then, from the late 1970s and again since 2000, food prices increased faster than personal [...]
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IMF Gold Holdings
First, a little poetry from the Russian poet Alexander Pushkin, in 1826: “All is mine”, says gold; “All is mine”, says steel. “I buy all”, says gold; “I take all”, says steel. Now the changes in the IMF gold arsenal: The IMF has announced its gold reserves declined to 2,966.4 in April from 2,981.5 tonnes [...]
Satire & Europe
Clarke and Dawe boil down the European “crisis:” However, many European governments are successfully passing spending cuts, tax increases, and even talking of raising the retirement age in France. I wonder how long it takes for Iceland’s Comic Party to go international. REYKJAVIK—Voters here blew a loud raspberry at Iceland’s political establishment Saturday, handing victory [...]
Insurance Policy & Korea
The front page of the WSJ Weekend paper featured a report about an upcoming auction for an Aston Martin DB5 from the James Bond Movie. The owner expects the cash will better fund his charitable foundation than the novelty car does right now. He never realized it was worth so much. The last such car [...]
Insurance Policy – Korea
The front page of the WSJ Weekend paper featured a report about an upcoming auction for an Aston Martin DB5 from the James Bond Movie. The owner expects the cash will better fund his charitable foundation than the novelty car does right now. He never realized it was worth so much. The last such car [...]
Video | Social changes
FoxNews now features intelligent commentary. Sharing this video with your friends will further that social change already underway.
Arizona War Movie
Arizona passed a law aimed at illegal immigrants. From the Seminole Chronical: The broad reaching law gives authorities in Arizona the right to stop people if they have a “reasonable suspicion” that they may be in the U.S. illegally. Despite its lack of explicit mention in the Constitution, I don’t think the Arizona law is [...]
NASDAQ Peak Revisited
Warning: It looks like stocks have reached a meaningful sell-off that will mark a new leg down. A few months ago, in anticipation of this event, I marked up historic charts of the NASDAQ performance. This is a great barometer of the stock market because this is the marginal demand of “stocks” at its finest. [...]
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Economic Repression in Pictures