Archive - Mar 2014 - Blog entry

Mt. Gox’s lawyers confirmed 750,000 Bitcoins belonging to the firm’s customers had gone “missing”, along with around 100,000 units that the company owned. Alleged that it came under some 150,000 DDoS attacks per second for several days ahead of its spectacular failure.

Puerto Rico muni owners who never saw the Barron’s story or the rating firms’ downgrades are better off than those who kept up with the financial news.

The world is a strange place. The banks have no money. Or rather, they have no money that they want to lend anyone out there in the real world. So, in their place, it’s the governments that have decided since the financial crash to become the lenders to the economies. 

This timey different!

The Whole World Has Gone Into Debt

The "smart money" indicator is at its most extreme degree of selling since November, 2010.

Personal sovereignty is a ‘State of Mind’ long before it is a state of being.

Everyone knows the dollar is unstable, and falls alarmingly over long periods. And yet we still presume to use this paper to measure the value of gold! Amazing.

£9.48 in 1973 would have the same spending power as £100 today. The rising cost of retail goods means someone who was a millionaire 40 years ago would need £10,553,000 today to enjoy the same spending power.

Beware the Ides of Farce!

Today, far too many people put all their faith in deceitful politicians and bankers to tell them the truth and consequently are dreadfully misinformed.

Also:  Americans Overwhelmingly Oppose US Intervention in Ukraine, Syria, Iran … Or Anywhere Else

I clearly have a very hard time reconciling a U.S. stock market making new all-time-highs almost daily, especially in the face of what most economists consider to be a weak domestic economy with negligible growth prospects.  Moreover, when you layover the thoroughly stalled and certainly weaker overall global economic picture, it’s even harder to rationalize.  Finally, throw into the mix the gravity of threatening geopolitical tensions between the U.S. and Russia, the two nations with the largest stockpiles of tactical nuclear weapons on earth, and the market actually welcomes it.  Something majorly does not add up, well, to this Idiot anyways.

South Korea stands out as a buying opportunity amid the indiscriminate emerging markets sell-off.

In neo-con space, no one can hear you when you scream...