Description:
Shoot them with ink!
Contents:
Global Falsehoods
We live in the age of falsehood. Take any stated claim of the mass media that is not self evident, invert the meaning of what is said, and you will find yourself closer to knowing the truth than before.
The rate at which an accepted Truth changes nowadays is astounding. The ability of people to endure [...]
Without cash, gold can have no monetary role
Although the topics of the Cashless Society and the Gold Monetary Standard have been discussed previously on this and other sites, we feel that further discussion on these pressing issues is warranted.
The Cashless Society
Earlier we speculated that there might be a glorious return to sound money, such as a precious metal standard. But you can [...]
Haven’t Heard of Chesterton?
The problems of the modern world do not merely revolve around whether money is based on faith, or gold, or seashells, nor whether the US has the weapons, or Russia, or China. All the problems persist, while wrong ideas persist. So it is our pleasure to add a link to our site in promotion of [...]
Don’t Get Drunk at This Party
Several rather unconnected reports give a poignant lesson on the importance of true principles. That is, if you follow a correct idea through to its conclusion, it does not matter what the established facts may be at a given time, your hunch will come good.
In a not unexpected report (Financial Times), it’s announced that the [...]
Rioting in America?
Today we have a little daydream about what might happen in American society if unemployment were to skyrocket, as it appears very likely to do.
The scenario might go something like this. Official unemployment soars to twenty, may be thirty percent, such that the number of idle males of working age in America is one in [...]
Prepare for the Big Dipper
A report on MSN news estimates US unemployment at 20%, citing inaccuracies and bias in data collection and methods of calculating the unemployment rate in America. Ah, America, the nation where Freedom of Speech really means freedom of the rich to tell lies with impunity. It’s the nation drunk on ignorance, the land of make-believe, [...]
Rephrasing Bloomberg
Articles on Bloomberg are entertaining, juicy, and just a tad biased. That’s what makes Bloomberg a much better read than most news outlets (since the news is additionally entertaining and juicy).
In a recent article with the understated and rather misleading title “Goldman Sach’s Investment in Trading Code Put at Risk by Theft”, a computer geek [...]
Every Download Is Sacred
An excellent blog post appeared in the Guardian newspaper entitled “Are Downloads Really Killing Music? Or Is It Something Else?“, where it was stated:
But the reality is that nowadays, one can choose between a game costing £40 that will last weeks, or a £10 CD with two great tracks and eight dud ones. I think [...]
Swinders in the Mist
Do you remember the days in the old school yard? Remember how some kids couldn’t take any loss of face? Investors who lost their fortunes in the Madoff Scandal (the guy who made off with over $50 billion from his Ponzi scheme) are now hoping to claim the appreciated amount of money instead of [...]
Here Comes Sound Money
Our suspicions, just a day or two ago, that gold may not be the metal of choice in a standardised (non-fiat) monetary system, grow stronger today. Russia is likely to take the “palladium standard” as the basis of the Ruble. But first, a short history of alternative toilet paper.
Back in the days of the [...]
Gold: Whose Precious?
In recent newspaper articles and, for a long time, on the Daily Reckoning, gold has been touted as the Next Big Thing in commodities, that it is destined to return to glory as the chief component of a world reserve currency. It is, however, just a metal, albeit a pretty one. One has to wonder [...]
GM through Kresa’s Eyes
Whenever reading news, it’s far more entertaining to see how they fit within a hypothesis than to simply soak the information up unquestioningly like a sponge. The latter approach seems to be the norm, however, judging from conversations overheard at coffee houses, markets and workplaces. This week we considered once again how things might be [...]
Preparing for the Single World Currency
Bloomberg has a commentary by Mark Gilbert, summarising the evidence to support the idea that the U.S. dollar’s days are numbered. His commentary concurs somewhat with one made by Bill Bonner on The Daily Reckoning. He describes the merciless battle between the forces of inflation versus deflation, but with rather more frankness suggests that the [...]
No Hope, Only Certainty for World Economy
The past week saw some important stories break on the mainstream media, including revelations of an explosion in funding of intelligence services in the UK, which reportedly are poorly run, targeting the innocent more often than the guilty. Clearly, the perception of the British Government is that the massive funding boosts are necessary in anticipation [...]
Growing Old Gracefuly
Growing old gracefully is about receiving love and support from your family when you become elderly and frail, but this only comes by the example of giving the same to your children.
When visiting the elderly sick in Hospital, or in nursing homes, many different scenes can be observed. A few hours of sitting, listening and [...]
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