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Explaining "Real" Money To Your Children

Central banks and fascist governments control humanity through a virtual monopoly on money issuance and distribution, which is why I am doing my best as a father to make it clear that money can be anything. No one truly gets any added value from holding a stack of paper. It’s our time that is of value, and the things we own that make our lives better. But money itself is just a means to an end.



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The Many Phases Of Silver (Part 1)

Since the early days of civilization, the ancients connected the brilliance of silver to the moon. Artemis, the Greek goddess of the moon, wore silver sandals and shot from a silver bow and arrow. This lunar comparison might be fitting because like the moon, silver also has many phases. The properties of silver make it the most dynamic of precious metals.



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Welcome To The Recovery: US Box Office Spend Plunges To Lowest Since 2000

While the cancellation of 'The Interview' wiped billions off the US Box Office take in 2014 (</sarc>), ticket sales in North America will total roughly $10.5 billion, according to The NY Times, the lowest since 2000 (after inflation). Regal Cinemas and AMX Theatres have seen profits collapse and Carmike Cinemas has plunged to a loss as major movie delays (from Pixar and Universal), "pirating" of several movies (The Expendables 3 and Annie) before their release, and studios suffering one dud after another (Warner Bros.) the 4% YoY decline - for what is ultimately an affordable luxury - suggests the gas-price-savings are going anywhere but discretionary spending (just as we noted previously).



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The Austrian Case Against Economic Intervention

Be on your guard for those who claim to be able to improve our satisfaction and protect us from harm through expansion of government coercion in the market.



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Meet The Future Of Trading: A 25-Year-Old... Math PhD

Forget the middle-aged belt-and braces stockbroker who 'knows' a good stock. Ignore the 5-star tech analysts who never saw a startup he didn't like (with your money). Meet 25-year-old math PhD Sam Barnett, CEO of SBB Research - a quant hedge fund - who, instead of wild extrapolations and Keynesian hockey-sticks, trades the market by "using data to mine information before it is encoded into the markets." While several of the CNBC team flounders to show why their commissions are worth it, and why a 25-year-old could not possibly 'know' anything, we for once agree with their premise - this IS the future of trading - 25-year-old math PhDs mining data faster than a fat finger can press buy.



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Name The Exponential Chart

It's not just the exponential rise in US debt that threatens the future 'freedom' of Americans...



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How Japan Bankrupted Itself - Lessons For Europe

Following the start of Abenomics in 2012, Japan moved back to the center of attention of global financial markets. After two and a half decades of economic stagnation, hopes were high that Japan would escape its long stagnation and deflation. Plenty of economists around the globe hoped that, in so doing, Japan would show the western world, mainly the Eurozone, the way to do the same and avoid a similar long period of low growth and stagnating incomes. Conversely, the failure of Abe’s plan for Japan’s recovery would not only be a disaster for the country of the rising sun. It would also be very bad news for central bankers and politicians in the west as well. It would prove that Keynesian policies don’t work in a world of too much debt and shrinking populations.



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Monday Humor: Now Available With A 30 Year Fixed-Rate FHA Loan

"Because moar is always betterer..."



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NYC Mayor de Blasio Slams Reporters For "Enabling" Racial Hatred

New Yokr Mayor de Blasio had strong 'not-my-fault' words for the media during today's press conference about the assassination of 2 NYPD cops over the weekend. De Blasio begins blasting media, "What are you guys gonna do? ... Are you going to keep dividing us?" He then gets on a roll and blames reporters for inciting protesters to confront police - "you all [reporters] enable that [racial divide]... that's how you want to portray the world." Yep - all their fault...



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This Is For You Steve Liesman... Welcome To Economics

The key is to understand why real median household incomes continue to decline and then how to correct it.  It all comes back to financial policies that incentivize investors to avoid economy-boosting investments and toward financial investments that have no economic benefit.  The result is a narrowing of income distribution exasperating the down spiral, while inflating wealth to the already wealthy.  As long as these policies remain intact the American quality of life will continue to spiral downward while the wealth at the top continues to accelerate until one day when the top pops off and all that wealth goes abroad.  And that Mr. Liesman is what we call economics.



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It Has Never Been More Expensive For 'Average Joe' To Buy Stocks

When all is said and done, the swing factor in the decision to work (or not work) is the income it generates (and lifestyle it supports). So we found it intriguing that, as the following chart shows, the number of hours or work required for the average American to buy the S&P 500 has never been higher...



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Kazakhstan Prepares For $40 Oil, Gary Schilling Says "Oil Going To $20"

"People should not be worried," explained Kazakhstan President Nursultan Nazarbayev in a TV address over the weekend, "we have a plan in place if oil prices are $40 per barrel." Kazakhstan, the second largest ex-Soviet oil producer after Russia, explains "there are reserves which could support people, preventing living conditions from worsening." However, if A. Gary Schilling's reality check of $20 oil being possible comes to fruition, as he explains, what matters are marginal costs - the expense of retrieving oil once the holes have been drilled and pipelines laid. That number is more like $10 to $20 a barrel in the Persian Gulf... We wonder who has a plan for that?



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Don't Tell Germany Draghi Is About To Monetize 90% Of Bund Issuance

The next time anyone is stupid enough to mention monetary policy "normalization", just show them this.



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