Archive - Oct 2015 - Blog entry

Having government control over the levers of the economy can have advantages. For example, by taking prompt action, the Chinese government was able to pull the economy out of the recession remarkably fast, basically by fire-housing the stimulus package that was equivalent to 12% GDP. That’s the advantage. The only problem is that these kinds of short-term advantages come with long-term, painful consequences.

I break down the definition of money at the Blockchain New York conference alongside the founder of Credits, executives from Ethereum and Consenys, Judd Bagley from Overstock.com's digital securities project.

Hedge fund manager exposes the ugly truth about America's energy revolution: it's like the housing bubble but larger!

The future direction of the planet is a choice between independent money and the central bankers counter-party paper Ponzi. Gold is independent monetary wealth that cannot go broke.

In the real world, any casino (legal or otherwise) which refused to pay when the “house” lost would quickly be driven out of business

The Russians Will No Longer Allow Regime Change of Their Allies

News That Matters

As we head into another earnings season, the bulls better pray to whatever pagan gods they worship that company after company magically defy the downturn that the economy is quite obviously entering.

The US has now joined Canada, Cyprus, New Zealand, the UK, and Germany with plans to seize bank accounts during the next financial crisis. 

BANZAI7 FOOD AND BEVERAGE WARNING...

Gold “remains undervalued when compared to assets such as stocks, bonds and property...”  Gold may have “bottomed in the summer,” and could climb to as high as $1,300 an ounce by the end of this year.

News That Matters

Stocks have taken out key support at a time when the Fed's hands are tied. 

But what’s different this time?

BIS Warns of ‘Major Faultlines' In Global Debt Bubble - "Unrealistic and dangerous to expect that monetary policy can cure all the global economy’s ills"