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Did you watch the exchange between Senator Levin and Blankfein today? This was an all out humiliation. Granted, the members of Congress on the whole still have no idea on how to approach this - but I think severe damage was done. I think Lloyd is toast. At best, I think Goldman may become...

Don't underestimate the power Government has. Yes, it can be controlled to an extent. But when a government feels threatened, and elections are approaching, all bets are off. However powerful certain people and corporations may be, in the end, a Government always outlives them.

As Frankie Vallie sang in "Greece is the word" (pun intended): "Conventionality belongs to yesterday..." Forget the classic or monetarist definition of inflation. Watch what is happening to Euroland. It is not just a solvency issue. Solvency is the easiest thing to cure in a fiat...

I've always believed that this company was "mismanaged" on purpose. They didn't want to sell the gold until it started taking off. They preferred it stay in the ground. Most miners mistakenly look at gold as product. These guys know it's money and held out for the rocking times which have...

Yes, thanks - just started reading it yesterday. Will get back to you by week's end.

Relax, people. It's just paper and computer digits that are being pissed away. It's not like anyone is using gold to bail someone else out. :D

I suggest that the traditional wealthy cheerleaders of Capitalism really mean to say - Capitalism for everyone else but me - so I can more easily screw you. JP Morgan hated true capitalism. He hated competition - he felt it was destructive and killed margins. He was all for the...

I don't think it's as adverserial as it may look. The US dollar is still the reserve currency, and as such, a quick demise without a replacement would be traumatic for the global economy. Everyone loses initially. Thus, the Euro is singled out for now to deflect attention of the dollar -...

I agree, there is a disproportionate focus on the EU. Little is being said of the US and states such as Illinois, California, NJ, Michigan....

ah yes... The difference between: La Dolce Vita and Arbeit macht frei

Oh yeah? When was true laissez faire capitalism fully implemented? I would say true laissez faire capitalism last existed during the paleolithic era.

I would agree with you, but something could be up. Don't forget, the IMF met this weekend. Greece and SDRs were likely major topics.

God and I were throwing back a couple cold ones last night, and he let it slip - how and when the world would end. Scared the shit out of me, so I won't say anything. Just carry along. He also told me that peil can be annoying at times - always praying when his investments go south...

Every President is entitled to their "weapons of mass destruction" ploys. It's their Raison d'être.

Chill out. Looks like you need a siesta. Lack of precision is a forgivable offense when wit is the goal.

The PIGS (sans Ireland) used to be world empires - The Athenian, Alexander the Great, Rome, Byzantium, Spanish Conquistadors, Portugal in the New world... etc... and then one day, after reaching such spectacular heights of power, civilization, and wealth, they realized it's not really worth...

Good points: True about title insurance and property inspections. As for the appraiser, attorney, title co, surveyor, etc... don't forget - if they are successful at what they do - that means they work volume. Sure, your transaction is very important to you - but to them, you are a...

Sacré bleu! Will your baker acceopt SDRs? Oh wait, I getting ahead of myself.

+1

relevant law: United States Mint Moves to Limit Exportation & Melting of Coins http://www.usmint.gov/pressroom/?flash=yes&action=press_release&ID=724