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Archive for August, 2013

Here goes gold – again

August 29, 2013 Leave a comment

Remember all the stories about gold collapsing, gold being a bad investment, gold not being in demand, gold’s bubble?

When, just as gold is spiking up again, do you hear anything about the gold spike, about gold being back in favour, about gold’s rise?

Not a single word.  Silence.  Despite it being better than stocks, than US dollars, than basically anything over the last few months.

I suspect the banking establishment is dragging down India to shake it free of its gold.  The collapse of the rupee will not shake gold from their grip.  If anything it will increase demand as an alternative safe currency.

We are getting close to the time when there are no weak hands to shake gold free.  Then we really will see fireworks in gold.

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Oh and Paul Krugman is an idiot on banking

August 23, 2013 Leave a comment

Proven here.

The sad thing about Paul Krugman is that he has resources to publish his rubbish and gives credence to central planning bureaucrats.  Otherwise he is a complete idiot.

Categories: Miscellaneous Musings

Where is Paul Krugman on Japan now?

August 23, 2013 Leave a comment

In May 2013 Paul Krugman predicted Japan would power out of recession due to Keynesian pump-priming and monetary stimulus:

To almost everyone’s surprise, Japan — Japan! — has emerged as the advanced country most willing to break with austerian orthodoxy and try a combination of aggressive monetary and fiscal stimulus. The verdict on Abenomics is, of course, still out, although early indications are good.

Well, Paul, a few months later the verdict is already in.  Disaster:

The problem with the approach taken by the Japanese government is  that money is being injected into the financial system and the stock market, but the money velocity is low because it is not trading hands in the real economy – demand and activity remain  stagnate.

Wages in Japan have been on the decline since 1998, and moves to tax big business at a higher rate than labor are unforeseeable, so there are bleak chances for meaningful wage increases and a rebound in consumption.

Where is this idiot now on Japan?  He’s nowhere.  Running away from the issue.  Talking about other stuff.

Irresponsible pyromaniacs are never around when the fires take hold.  Because they started them and know the potential for destruction.  Because that’s what they intended all along.

We are over-engineered and under-spiritualized

August 22, 2013 Leave a comment

If we had engineers with souls there would never have been Fukushima, the BP oil spill disaster (and associated oil dispersants killing people off the Gulf of Mexico) and no toxic derivatives.

Why has there been a proliferation of technology but we are unhappy and slaves to work?  Why is there the iPhone but such poor food quality?

When gold disappeared from money, mad monetary scientists took over and allowed other mad scientists free reign.

We are ruled by technocrats from the economic Kremlin who think numbers matter more than people.  Numbers reign supreme but people are poisoned and die.

It’s as simple as that.

Happy Birthday, Evil

August 16, 2013 Leave a comment

42 years today since the Gold Window was closed and the world went stark raving bonkers in monetary terms.

Sad.  I wish I wasn’t alive to see this.  The shit is going to hit the fan so badly no one but the bankers themselves will escape the crap that will fly around when the monetary system implodes.

Sad.

Derivatives must mean gold explodes. Simple.

August 15, 2013 Leave a comment

Step 1: Understand interest rates will never go up.  Never

Step 2:  Understand low interest rates mean massive money creation, somewhere (mainly in Asia).  Understand Asians like gold.

See this article here.

Step 3: Gold will explode.

It must.

So it will.

Categories: Best assets to buy