Experiencing irrationally exuberant technical difficulties ... So in the meantime, here's some stuff for you to check out until I get the connection issues resolved!
Marc Faber: Buy Some Gold Every Month 'Forever' (VIDEO)
“Gold is not the liability of someone else…its quantity cannot increase at the same rate as you can print money, which will eventually…weaken the US dollar,” Faber told CNBC on Thursday in a live interview.
“I’m not saying that the dollar will go straight away down because other currencies apparently like the euro are even worse than the U.S. dollar at the present time,” he added. “But eventually if you print money, the purchasing power of money will lose [value] and what will happen is stocks will adjust on the upside...if you believe in equities, I would rather buy Vietnamese shares than U.S. shares because I can make the case that the economy there will grow much faster than in the United States, from a much lower level admittedly” Faber said. “Or I would buy Indian, Chinese, Malaysian shares. I think there are better alternatives than U.S. stocks,” he added.
Algore wants you to live in Green Poverty.
Carbon Market Collapse Brings Gore Out Of Hiding
We should ignore Al Gore’s bizarre Op-Ed in, where else, the New York Times, but it needs analysis because it includes all the standard errors that entrap and confuse most people.
It also exposes him as a real hypocrite in his own words. The title “We can’t wish away Climate change” illustrates how little Gore knows or understands. No, we can’t wish it away because it has and will always exist.
‘Irrational Anti-Science Lunatics . . .’
Kathy Griffin + Levi Johnston = ?
The Global Debt Crisis
With all the attention being focused on whether or not there will be a sustainable recovery in 2010, the potential for a wave of sovereign-debt crises following the wake of the global recession has just recently started to appear on people's radar screens. Yet, such a wave should not be surprising.
As historical research conducted by University of Maryland economist Carmen Reinhart and Harvard University economist Kenneth Rogoff shows, financial crises are usually followed by government-debt crises. This starts as private debt is shifted onto the balance sheet of the government, through bailouts and purchases of toxic debt. The government-debt problem is then made worse as the economic downturn leads to an increase in expenditures in the form of unemployment benefits and stimulus spending, coupled with a decrease in tax revenues.
Not only does this historical trend align with the American experience in the aftermath of the financial crisis, but it is being replicated in Europe and Asia too. It makes us painfully aware of some of the costs of Keynesian fiscal stimulus, and it clearly displays how a short-run fix turns out to be a long-term problem. The Keynesian long run will dawn upon us much sooner than mainstream economists believe.
Keynesian economics is the Cloward-Piven of Cloward-Piven plans. It pre-dates, of course, but could not have been better designed for it's true purpose.
Keynesian economics isn't even honest economics. It's nothing but an attempt an the justification of central planning.