I don’t evaluate the situation as so serious yet that one needs to buy physical gold and sit on it, but one needs to buy claims on gold that can be turned into physical gold that one can sit on should the situation deteriorate further, as it most likely will. Can anyone tell me what gold investments most plausibly make such a promise? A lot of gold funds are investments …
The price of silver
A lot of people are wondering why silver is not going up. It is quite simple. Gold is money, the one and only true money. Silver is not money, ceased to be money around 1870 or so. People are buying gold in expectation of an increase in monetary demand. The imminent collapse of fiat moneys will boost demand for gold, not silver. Why is gold money? Network effects. It is …
Why democracy will always elect a new people
Lately Mencius Moldbug has been off his best, so, looking back to his greatest hits, here is a golden oldie The democratic state needs votes, to give it legitimacy, so is always looking for ignorant stupid cheap voters that it can buy to bulk up its astroturf. And so the franchise expands. And when it can expand no more, then fresh voters are purchased from outside.
Why Are Finland’s Schools Successful?
Progressives suggest it is because Finland is so wonderfully progressive. However, a refugee from Finland took a look at that article, and reports that it is because progressives lie like rugs:
Seven felonies a day
A few years back I remarked that the average respectable middle class male had committed hundreds of felonies, each worth many years jail time. Things have become worse since then:
Global warming causes mandatory evacuation
the ideology of global warming causes mandatory evactuation.
Expect leftist violence in 2012
Just as the treatment of Senator Joe McCarthy implied that suppressing communist spies was suppressing freedom of speech, in the same way, the message is now going out that suppressing Molotov cocktails is suppressing freedom of speech.
What is wrong with Haiti
Worse than cholera, worse than the earthquake, Haiti suffered a devastating influx of aid agencies and high IQ Harvard graduates with billions of dollars of aid money.
There will be war
Brad deLong tells us: it took me only two months–two months!–to conclude that America’s best hope for sane technocratic governance required the elimination of the Republican Party from our political system as rapidly as possible. Since Republicans are supposedly terrorists, elimination is apt to mean lining them up against a wall and shooting them.
Stagflation August
While inflation has been running at an annualised rate of 3.6% over the past three months, higher than the Fed’s target 2%, said Brett Hammond, senior economist at TIAA-CREF, “in order to get the economy moving again, a little inflation isn’t a bad thing”. If Keynesianism is true, you are not supposed to have rising inflation and unemployment at the same time. It is only moderate stagflation, but it is …