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The Three Acronyms That Best Describe This Era: TINA, TANSTAAFL and FUGAZI

The Three Acronyms That Best Describe This Era: TINA, TANSTAAFL and FUGAZI TINA and the complacent belief in free lunches strip the resiliency from a system and leave it vulnerable to collapse. It’s tough to select three acronyms that best capture the current perfection of central planning, central banking and centralized propaganda. FUBAR (f**ked up beyond […]

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12 Reasons Why Ritholtz and Many Experts Are Mistaken On Gold

12 Reasons Why Ritholtz and Many Experts Are Mistaken On Gold This lack of understanding is not confined to the public but also prevalent with some financial experts. One example of this is one of the more vocal anti gold experts in recent months – leading Bloomberg columnist Barry Ritholtz. This lack of understanding results in many investors […]

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The Rise of the Oligarchs

The Rise of the Oligarchs Empire examines the rise and role of the new oligarchs and the decline of democracy in the United States and beyond. Wealth inequality has risen to stratospheric heights. The statistics, the real statistics, sound like fragments spun off from a madman’s dream. Eighty-five people have as much money as three […]

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Debt As Wealth; The Caution of Unfit Past Experience

Debt As Wealth; The Caution of Unfit Past Experience With the G-20 recoiling itself back into the same kinds of mistakes made in the 1960’s, leading directly to the Great Inflation, we will have to take into account the other end of that, namely other forms of “stimulus.” With the global economy sinking, and worries about […]

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Meet the Extreme Super Rich – A List of the 80 People Who Own Half the World

Meet the Extreme Super Rich – A List of the 80 People Who Own Half the World Before I get into the meat of this post, I want to make it clear that the definition of oligarch, a term I use a lot, does not center solely around money. Late last year, in the post Inside the […]

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Moneyness: Robin Hood central banking

Moneyness: Robin Hood central banking. There were plenty of reports in the press this year accusing central banks of behaving like King John, stealing from the poor to help the rich. Rich people’s wealth tends to be geared towards holdings of stocks and bonds whereas the poor are more dependent on job income. By pushing […]

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Resource Insights: Greed explained: J. Paul Getty, Aristotle and the Maximum Power Principle

Resource Insights: Greed explained: J. Paul Getty, Aristotle and the Maximum Power Principle. Greed explained: J. Paul Getty, Aristotle and the Maximum Power Principle Regular readers know I often write about energy, and while this piece may not at first blush seem like an energy story, you’ll soon see that the quest for an ample […]

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“I am a hard working taxpayer who is getting pretty fed up. . .”

“I am a hard working taxpayer who is getting pretty fed up. . .”. So the Swiss have decided not to force their central bank into underpinning its reserves with harder assets than increasingly worthless euros. At least they had the chance to vote. But in the bigger picture, the rejection of the “Save Our […]

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The Archdruid Report: Dark Age America: The Hoard of the Nibelungs

The Archdruid Report: Dark Age America: The Hoard of the Nibelungs. Of all the differences that separate the feudal economy sketched out in last week’s post from the market economy most of us inhabit today, the one that tends to throw people for a loop most effectively is the near-total absence of money in everyday […]

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Gold – Falling From Grace | Armstrong Economics

Gold – Falling From Grace | Armstrong Economics. Gold has been trending lower Breaking the June low of 2013 showing that the Benchmark Forecasts in The 2014 International Metals Outlook Report are right on track as it hits fresh four-year lows. The Gold Promoters are just desperate for bullish news and will craft whatever they […]

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Why Gold Is Undervalued – Alasdair Macleod | Peak Prosperity

Why Gold Is Undervalued – Alasdair Macleod | Peak Prosperity. Gold has been in a bear market for three years. Technical analysts are asking themselves whether they should call an end to this slump on the basis of the “triple-bottom” recently made at $1180/oz, or if they should be wary of a coming downside break […]

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Wealth Inequality Is Not A Problem, It’s A Symptom – The Automatic Earth

Wealth Inequality Is Not A Problem, It’s A Symptom – The Automatic Earth.   NPC Dedication, George Washington Masonic Memorial, Alexandria, VA Nov 1 1923 A comment on an article that comments on a book. I don’t think either provides, for the topic they deal with, the depth it needs and deserves. Not so much a criticism, more […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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