From mid-March to early May of this year, the stock market made a swift and steep 35% rise. Since late last year, you have seen blogging here about how much the recession and now this recovery feel like that of the mid-70s. To date the stock charts still track quite closely. And psychological sentiment . . . → Read More: Where Do Stocks Go Next? Probably Sideways
Despite humanity surviving and thriving for thousands of years using commodity currencies the fiat currency proponents have effectively marshaled the press and academia to equate those in favor of a commodity currency with those counting down to Armageddon. When looking back through the corridors of history one lesson is clear from humanity’s experience: at all times and in all . . . → Read More: Survivalism In The Suburbs
riting in Business Standard today, Surjit Bhalla has a table of the vote share of the CPI and the CPI(M) put together. I thought it would be useful to see this data as a time-series, so here is the result.
Click on the graph to see it more clearly. Each circle is a data . . . → Read More: The Decline of the Left
Interesting resurrection of a Kitco post from October 2008 about silver premiums. There was a lot of heated words and a bit of sillyness. In October 1000 oz bars were quoted @ 69 cents and 1 oz Eagles @ $6.99. Now it is 19 cents and $1.99.
For those who would only trust physical, . . . → Read More: Silver premiums and fake spots
The ‘green shoots’ of the economy are really red roots evidenced by a labor market stasis and plummeting earnings. Chairman Bernanke told ‘60 Minutes’ on Sunday that “green shoots” of economic resurgence are sprouting. But those perceived green shoots are really red weeds that the Federal Reserve has internally debated for weeks. The economy is grinding to a . . . → Read More: Green Shoots Are Red Roots
“We don’t need a bigger army, but rather a smaller foreign policy.” . . . → Read More: “Limits Of Power” by Andrew Bachevich
The choice that we need to make is whether we want to move in the direction of freedom or in the direction of slavery. . . . → Read More: Government Fundamentalism
We are living through a time in which all common sense and logic has been sacrificed for blind hope and misplaced faith. According to the current gospel, peddled by the Messiah and even his anti-Christ enemies (the Republicans ironically), in a crisis in which millions are being thrown out of jobs, debts are being . . . → Read More: Immorality Writ Large and How to Fight It
Decades ago Ludwig von Mises wrote in The Theory of Money and Credit,
It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically it belongs in the same . . . → Read More: Physical Gold In The Hands Of The People