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Lots of BS on this thread. If it was easy to create a Walmart with $180 billion cash (or whatever), then why does Walmart simply issue a rights issue of $180 billion, and use the proceeds to build a Walmart in say Europe or Asia?

Why would a god care whether you died or not?

Cheers for this.

Define wealth. Money, especially fiat money, is not wealth. It's merely a claim to wealth. If you go off and print loads of money, that does not mean you have increased wealth. Conversely, the destruction of money, say from the collapse in credit, does not mean wealth was destroyed.

"Nobody seems to know exactly how much the Rothschilds are worth today. They dominate the banking establishments of England, France, Germany, Austria, Switzerland and many other nations. It was estimated that they were worth billions back in the mid-1800s. What the total wealth of the family is...

"As for the US being the most important economy for the world, there is a sea change going on right now; recently car sales in emerging economies (such as Brazil, China) are outpacing those of the US, Europe and Japan; oil consumption in emerging markets is increasing, while in the developed...

I don't recall that. Do you have a link? I believe he is "bearish" on Western countries, but v positive with regard to China and Far East etc.

End of the world means the end of the world for some, not for all.

I would also like to take this opportunity to thank your crazy leaders for making me a lotta moolah.

Explain more pls. I live in London and wouldn't think of the pound as an oil currency.

Well, if he goes into the forest, how can he moving away from the forest?

What if he goes into the forest? And perhaps decides to never come out ever again? :D

Sorry, but what has this video to do with trading?

I have not really thought about this before, but after doing so, pizzaboy is correct. In a futures market, the number of contracts bought on any given day must equal the number sold. So the question then is how do prices move as opposed to why they move?

I believe it takes the average person 57 years, 2 months and 4 days to become an expert in technical analysis when using real money to trade.

Just because prices look random (i.e. look like the pseudo random chart generated by Excel) doesn't mean they are.

What has he got?

He's absolutely right. You need that many to cut down all the trees needed to print all that money. :D

Interesting, thanks for link. As an aside, I thought Taeb and Bernanke could be twins!

I have not met any of the Wizards but I have met the author, Jack Schwager. V nice chap. Told me he was no longer in the managed funds business (he started a fund with someone else). I asked why, after all he knew so much and so on, he replied "Just gave up!". He was in the fund of funds...