Exactly! That's why the idea of using gold as THE currency is so ludicrous. Gold looks good on paper, but can't work in practice because of who...
If the market sets, the price, then its NOT a gold-backed currency. It's only a gold-backed currency if every citizen is assured that $1 of their...
Excellent post! Thank you. I totally agree that the price of gold is an amalgam of the extraction costs, investment value of gold as an...
Yes, the team needs good leadership and cohesion. Some teams will fail for the reasons you state, but the teams that don't will grow stronger...
You can't have a gold-based currency AND let the price of gold float -- that's a complete contradiction. The essence of a gold-backed currency is...
Self-sufficiency may be necessary, but it's not sufficient. You also need team-work. One person with guns and ammo isn't going to defeat 10...
Yes, and that "adding another zero" just makes gold another fiat currency! Who decides how many zeros to add and what stops them from adding or...
First, the situation is not as bad as you think because that $20-$50 trillion in CDS is only the notional, not the actual value of these things....
Look into HSA (Health Savings Accounts) which lets you put pre-tax money into an IRA-like vehicle in combination with a high-deductible (low-cost)...
I did not say "more important." I said "more valuable" in the bigger scheme of things. Brake pads on a car are extremely important, but they are...
They aren't Many companies that hold CDS and loans would declare bankruptcy.. The cut in interest rates would create a steep sell-off in bonds...
The Dow Jones Industrial Average is an anachronism in an age when physical goods industries account for such a small percentage of the economies...
Excellent article. It makes clear that this is no crisis of confidence or psychological problem with consumers or investors. The accumulated...
You want to run a real-time global economy of 6.6 billion people with only 4.6 billion ozt of physical gold? Good luck! BTW, gold-backed...
Given that the neanderthals went extinct, they don't provide very convincing evidence of "works best." And in a global competitive marketplace,...
The 20% = bull market logic is a just plain wrong. Look at the chart again. The Crash of 1929 had six "bull markets" on the way to the bottom.
I was intrigued by this so a poked around. Looks like a Second-Life in 3-D concept (with less emphasis on "Life" and more emphasis on 3-D). They...
http://www.google.com/search?rls=en-us&q=Vzillion&ie=UTF-8&oe=UTF-8
What do you mean? The monthly CPI declined in Oct, Nov and Dec 2008 ( http://www.bls.gov/news.release/cpi.nr0.htm ). The Dec 2008 deflation of...
Exactly! It's not that American's aren't spending enough right now, it's that spent too much money they didn't really have a few years back....
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