Sarbannes-Oxley does to double entry accounting, what the Occupy Movement did to poop control.
Category: economics
Timing the coming hyperinflation
We have a bubble in government paper. Assessing the end of the bubble is, like assessing the end of any bubble, hard.
MF Global Obama
John Corzine was the US Government, in the same sense, and to the same extent, as the Occupy Wall Street protestors are the US government. He stole his depositors money, and pissed it away, not on wine, women and song, nor on gambling on stocks nor horses, nor at the casino, nor on purchasing little boys for sexual purposes, but gambling on Greece. You know how the occupiers demand virtue jobs at government expense? Jon Corzine was betting on the …
Paper precious metals start to evaporate
Gerald Celente purchased six figures worth of gold futures, with the intent of taking physical delivery He won’t be. Jim Willie tells us: The CME has advised that 1.42 million ounces of registered COMEX silver inventory is unavailable for delivery due to MF Global bankruptcy, as well as 16,645 registered ounces of gold also unavailable for delivery. He tells us that there will be naked shorting of gold, but it seems to me that MF Global was already doing naked …
Stultum facit fortuna
Consensus leads to the madness of crowds, not the wisdom of crowds. As we move to a society ruled by consensus, madness and evil prevails.
The sins of “Occupy Wall Streetâ€
This should not be necessary, but I observe right wing blogs blissfully unaware of what has been going on, so, a list:
Herman Cain sticks it to political correctness
At 41 seconds into the ad, the speaker says: “We can do this, we can take this country back”, and takes a drag on a cigarette. So who are we taking it back from? We are taking it back from the scolds and self righteous naggers.
The cause of the decline
Lately there as been a lot of concern about the increasingly visible decline of the west, notably Peter Thiel on “The End of the Futureâ€:
The Great Recession
US dollar rises, because Euro smells even worse
The value of the US dollar has risen, as valued by gold and by the fiat currencies of countries that are relatively solvent. The apparent cause of this is not that there has been any improvement in the prospects for the US dollar, but that a chaotic dissolution of the Euro zone looks likely, so traders are switching to the most liquid asset that there is.