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A unified fiat currency is still based on trust and may be problematic. It is easy to trust an individual we know well but to trust the signature of a government may be difficult. I think hard specie like gold, silver will completely eliminate this distrust of trust and may work better. It is...

Assume mankind come back from dead and markets bouncing back all over.

The Apocalyptic Depression of the 21st century The recent global financial meltdown and its severity is the first clear sign that an apocalyptic depression is coming and which cannot be prevented through mere bailouts and fiscal stimulus - an inevitability. The depression will be truly global...

Gordon strikes back - [/b] Brown was wrong in the first assertion. Are the English and the Americans sane ? Your banks received an injection of $100 million hot money : debit reserves - $100 mn ; credit Japanese deposit - $100 mn. debit "pointer-to-void" assets - $900 mn; credit...

I have to be fair on corruptions in the world. It is difficult to strictly point fingers. I still insist that the written laws in China is fairly (?) clear of corruptions, i.e the written word of the law would always be nice and clean in most places. Except in one case that I know of -...

If such someone is a true signal of market sentiments, then it means we are at a global lower than low bottom. Just buy anything in sight (or not in sight) as long as you buy. :p

I wonder anyone followed the Overstock case. Was it a lawsuit against the SEC ? A "long long" time ago, when the Overstock case were just in the internet, I followed it. If those blog articles were accurate and honest, then I won't be surprise that the American Empire is on its last days -...

Hot money is simply detrimental to global economic stability and progress. It should not be around. The ultimate cause of our recent economic meltdown might be a culmination of the ill effects of fiat money and fractional reserve banking. The consolidation of the powers and greed of banking...

When an author tells he is on Elliot Wave, be wary :( The real world is not so neatly amenable through technical analysis.

[b] I think it is a favorite quote of all gold bugs. :D It should not cause any surprise or alarm. It should cause alarm if it is found that the Pound (British) or Meter (French) lost 2% due to the creation of the Fed. :confused: The dollar is only a unit of accounting and there is no...

Quarterly Review and Outlook - Third Quarter 2009 Ponzi Finance By Van R. Hoisington and Lacy H. Hunt, Ph.D. http://www.marketoracle.co.uk/Article14179.html [b] The gist of the article seem to indicate a possible downward deflationary spiral to clear total indebtedness.

I don't know what objectivism is. I suppose the definition is in "the concept of the ultimate virtue being your self desires". If it is this, then it surely is the cause of the current greed culture that is likely to embroil the world in the next Great Depression. Self preservation is the...

My original post had the above inaccuracy. The seeds of the Second Great Depression, if it is to happen, had been planted long before the Lehman collapse. The global bailouts and stimulus to date will not work to stop a runaway deflation spiral.

Misguided Monetary Mentalities By PAUL KRUGMAN Published: October 11, 2009 http://www.nytimes.com/2009/10/12/opinion/12krugman.html?_r=2 Interesting argument that "We do seem to have avoided a second Great Depression".

Hyperinflation won't happen - despite what have been mentioned happened in Weimar Germany, Zimbabwe and the Latin Americas. Inflation here is simple consumer price inflation. In some discussions, it is not necessary to talk about other forms of inflation/deflation like money supply...

Give me a strong enough dollar that has no side consequence and I can buy up the world.

Wrong. Selfishness, greed, and other lower needs are put within our selves as a vehicle for our material life. Within man are a higher than matter aspect which is what is lumped together as life after death. On death, the body of man returns to matter and the spirit lives on in the...

If an industry is viable and stable in the long run, it means there is a good use of the input of resources and the contribution to economic production justify all the manner of usage of the resources. When the foundations of an economic system is right, industries that are not viable and...

I believe almost everything related to gold as money or the Gold Standard have been debated (confronted) and now worn bored. Maybe everything could be found somewhere at mises.org (I seldom visit the site). 1) "limited quantity of gold" - I gave it a little thought and found it is not a...

I think Makloda committed the same fundamental error in logic as you have. If Gold (Silver?) was the only form of money throughout a thousand year of the Roman Empire and add another thousand to the Byzantine, then your statement has no meaning. In those two thousand years, no one bought...