Category: Economics

Posted on

Let’s get physical!

Having seen that cute animation about “the quantitative easing”, I just had to give it a shot.  So I went to XtraNormal.com, signed up, and the content grew out of the limited selection of settings and characters I could use for free, and it morphed into a Max Keiser video. I think Max Keiser’s idea to crash JP Morgan by buying silver is hilarious, and I am in.  Everyone, give someone a silver coin for Christmas!  If it is to hell in a handbasket we go, we might as well have some fun along the way.  Over to Queenie and Tex…

The scary thing, of course, despite my trying to make fun of it all, is that it is all true. The west is imploding, the east won’t, can’t and should feel no obligation to save us, and it sure feels to me that the end of at least some stuff is nigh, despite myriad failed similar prophecies.  Step one is to stabilize money.   So put some physical precious metal (ie real money) under the mattress!  Our central banks are having a fire sale, and it would be a shame if it was in their vault instead of your basement when the implosion occurs.

Posted on

Some inconvenient truths – Hot tempers at EU hot air

I bumped into this at zerohedge.com and have to share.  Nigel Farage, British MP and leader of the UK Independence Party, tells it like it is to the bozos who just don’t get it at the EU.  I have spent a bit of this slow trading day (US is closed for Thanksgiving) surfing Euro-news.  It is getting ugly over there, folks.  I feel like the mood is swinging, and people will no longer put up with the deceit, disinformation, and the devaluing of their lives in favour of the political elites and in particular the bankers.  The people now know, or at least are now finding out, that the massive debts that their governments incurred in bailing out the banks will be theirs to pay, and they are tired of it.  I can only watch so many videos of demonstrations and clashes with police before I am full, and I don’t want to re-post them all here, it is too depressing, but this one rant is worth it.

Continue reading “Some inconvenient truths – Hot tempers at EU hot air”

Posted on

The American Experiment in Government

I have been watching an excellent set of interviews on a website called Uncommon Knowledge, conducted by Peter Robinson of the Hoover Institute at Stanford University.  Focussing on economics and current world affairs, the quality of the interviewees is astonishing.  From Thomas Sowell to the very interesting Prince Hans-Adam II, who has reigned in Liechtenstein since 1989, the conversations range through time from the Romans to present day, and cover the planet, from China to the Middle East to North America.  They discuss forms of government, policy, war and jurisprudence.  I highly recommend watching these.  Each interview is about 30 minutes long, and well worth the time. Here is an interview with economist Gary Becker, to whet your appetite:

Uncommon Knowledge can be found at http://www.hoover.org/multimedia/uncommon-knowledge

Posted on

The new Brazilia: It’s in Mongolia!

There is a “consensus opinion” – if that term still has any validity post-ClimateGate – that the booming Chinese economy is going to pull the world out of the second dip in our current global economic maelstrom.  One scoop or two? Just one, please, sheh-sheh.

But for China to boom, they must be doing sensible things, economically speaking.  Are they?  Take a look at the images Time magazine shows us of Ordos.  I had a Brazilian once joke to me about his own country: “Brazil.  The country of the future.  And it always will be!”

Ordos, the Chinese city of the future.  Caveat emptor.

The full story can be found here.  The full image gallery can be found here.

Continue reading “The new Brazilia: It’s in Mongolia!”

Posted on

Crash JP Morgan, buy silver: The first google-bombing

Max Keiser offers up a very different world view than you’ll get on any of the major media.  So does Alex Jones at InfoWars (!).  The combination has recently proven explosive.  A quick googling just now for the exact phrase “crash jp morgan buy silver” produced 266,000 hits.   The variant “buy silver crash jp morgan” returns just 3930 [ed: Nov 24 google hit update – 330,000/20,400].  Try it when you read this to see if the numbers are growing or shrinking.  This video should explain what is happening.  Basically, a new viral mechanism has just been spawned on the ‘net.  Watch the videos (even if you think Alex Jones is a kook), then I will follow up by explaining why this is happening, and what it means.  Shorting JP Morgan might be a good idea around now…

Continue reading “Crash JP Morgan, buy silver: The first google-bombing”

Posted on

Moron money

I have written about money, trying to make it understandable to folks.  I hope I succeeded, have a look and let me know.

John Mauldin publishes a weekly email, and it is well worth reading.  John’s independent thinking and writing, freely available to those who want to read it over the Internet, is yet another example of the truth of my assertion that the Internet is the best truth-seeking machine we will ever build.  Here is John’s latest weekly email, in full.

Continue reading “Moron money”

Posted on

Should we be worried? Let’s keep tabs.

The following article projecting Canadian Federal debt and deficits as a fraction of GDP appeared in Feb 2010 here.  I want to keep tabs, remember the forecasts, so that we might check their math later.

The implicit assumption is a non-correlation of government fiscal policy and GDP growth (or contraction).  Another is that the maximum error they could have in their projections is +/- 1% of GDP growth.  Boy, they must be good!  Bow to the economic masters of the universe!  Can you tell I am skeptical?

So, let’s just keep score, shall we?  We’ll revisit this page in a year or two.  Here comes QE2 down south….

Continue reading “Should we be worried? Let’s keep tabs.”