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    I wouldn't bother asking here. This site was hijacked and totally subverted by conspiracy wing-nuts ages ago and hasn't offered any sensible commentary ever since. A pity; it used to be really good here.

    Bill Gates

    You drink too much


    ...when I say "a bit", I actually mean "a lot". Still, your posts amuse me greatly. Keep it up, chop chop


    Gor, dear, if this Ebola outbreak peters out in a couple of months then you're going to look like a bit of a cocoa shunter
  5. Plus ça change, plus c'est la même chose. I expect that five years' worth of freshly minted electronically-created money from out of nowhere will eventually filter down into higher food and fuel prices. I suspect that these things take many years to play out though, and only end in brief and violent economic turmoils. Revolutions started in the middle east with the Arab spring. Now, they're on the periphery of Europe with bloodshed in Ukraine. America, whilst still hugely in debt, at least still controls the world's reserve currency, has massive agricultural capacity and is potentially capable of becoming energy-independent. I think severe inflation is still a big potential problem in Europe; the Euro won't survive that. When people start getting cold and hungry they'll vote in the same thickies who advocate money-printing to mitigate the damage done by, er, money-printing. And to do that will require a break-up of the Euro. Interesting times.


    A year on from Cyprus... Syria is still a mess and similar public discontent moves closer to Europe in the Ukraine. Soros predicts the end of Europe: http://www.bbc.co.uk/news/business-26541356 Is this the calm before the storm? Or are we all facing an extended period of Japanese-style "lost decades"?



    The Surprising Dangers of Wheat

    I read that some expert somewhere on the internet (a real one mind, with letters after his name and all that, so should be accepted unquestioningly) said that GM wheat can cure haemorrhoids and reverse premature balding. So it's not all bad news for Monsanto.

    Royal Mail : Sid's Happy

    I smell a rat: http://www.bbc.co.uk/news/business-24471622 Those who tried to buy more than £10,000 worth of RM shares received... nothing. Nada. Zip. Zilch. I can (just about) accept limiting purchases to this amount to deal with high demand, but to penalise potential investors like this is, frankly, weird and baffling. What is really going on here? It has a boiler room stink to it. Now that the small guy has been relieved of his cash, I wonder if this share is due to tank badly just in time for the big players to hoover them up on the cheap.

    Guardian Banking Blog

    Ha! ha! ha! http://www.theguardian.com/commentisfree/joris-luyendijk-banking-blog/2012/may/18/facebook-ipo-banks-role

    Guardian Banking Blog

    Be sure to spend some quality time perusing the banking blog - it's fascinating: http://www.theguardian.com/commentisfree/joris-luyendijk-banking-blog For example, this article's a doozy: http://www.theguardian.com/commentisfree/joris-luyendijk-banking-blog/2012/apr/02/quantatitive-prop-trader-voices-of-finance

    Ray Dalio's Principles of Investment

    FYI: Ray Dalio's Economic Principles Website : http://www.economicprinciples.org/ Video also available at http://www.youtube.com/watch?v=PHe0bXAIuk0 Download associated book (PDF format) here: http://bwater.com/Uploads/FileManager/research/how-the-economic-machine-works/ray_dalio__how_the_economic_machine_works__leveragings_and_deleveragings.pdf I. HOW THE ECONOMIC MACHINE WORKS A Transactions-Based Approach 1 Productivity Growth 6 Long-Term Debt Cycle 11 Short-Term Debt Cycle 19 II. DEBT CYCLES LEVERAGINGS & DELEVERAGINGS An In-Depth Look at Deleveragings 25 U.S. Deleveraging, 1930s 61 Weimar Republic Deleveraging, 1920s 115 III. PRODUCTIVITY WHY COUNTRIES SUCCEED & FAIL OVER THE LONG TERM The Last 500 Years and the Cycles Behind Template 162 The Formula for Economic Success 178
  13. No. People are not "waking up" or going to "fix the system". What do such nebulous terms like that even mean? Waking up? Do you think that Joe Sixpack is going to reflect and contemplate on fiat banking, sound money, Austrian and Keynesian economic models and come to a definite conclusion? Despite the fact that our finest economist minds haven't done so over the centuries that the paltry profession has existed? Get real! Fix the system? So, Bill Bloggs is going to rise up and educate presidents, bankers, moneylenders, executives, educators and employers about the folly of their past ways? That somehow, the 99% will all of a sudden drop their urges to make a fast buck by flipping a condo or two? That six centuries of folly and madness of crowds will suddenly come to an end? Don't make me laugh! This time is not different. Next time won't be different to this time. It's all going to happen all over again. Probably sooner rather than later. All you can do is spot the signs of a problem. Take a look at this: http://www.businessinsider.com/the-age-of-riches-2013-9?op=1 PS. Lessig's a good guy.
  14. Lately I've been reading quite a bit of Frances Coppola. She's a brilliant writer with a gift for clear, concise explanations. I'd recommend anyone with strict Austrian/monetarist leanings to read her work and think about the implications. http://coppolacomment.blogspot.co.uk/ http://www.pieria.co.uk/experts/Frances_Coppola#latest-articles e.g. This article is brilliant: http://coppolacomment.blogspot.co.uk/2013/08/cleaning-up-mess.html