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You don't get it and neither do the rest of Volcker's worshipers. He plays and has always played for the same team that is in charge now. His policies induced stagflation, tax increases and started the offshoring of USA's manufacturing & industrial base. Sound money is far from his...

Swiss Franc is essentially a fiat now.

The real estate mania started in 2003, really moreso in 2002. It lasted all the way till 2006. And it's funny to see so many think that gold buyer shops are a sign of the bubble. The public are sellers of gold, not buyers. They are also buying at ripoff prices to smelt and resell via fut...

I don't know why you are calling him a clown. Sounds like a reasonable offer several years ago.

http://www.pcgs.com/prices/PriceGuideDetail.aspx?MS=3&PR=1&c=51&title=Gold+Dollar Unless you have it graded, your coin is worth somewhere around $500-$700. That is assuming almost uncirculated condition I think you should get it graded if you are so sure of its excellent condition. Maybe...

Hmm, I am not sure USA gets the credit it deserves for the corruption that occurs here. Where else can you bankrupt a bank and then receive billions from the taxpayers?

Did not know Swiss watches get made in China & USA. How interesting.

Don't forget legal costs & benefits costs, aside from the actual wages. The defense/military products are also highly marked up for nice profit margins. Chinese goods are sold at wholesale prices to the US brands, so their "final cost" further diminished. Ahh, the wonders of statistics...

This must be a joke. UK used to be an economic superpower and post devaluation it is just a debt ridden nation with a falling standard of living. It's actually been on a worse track than USA. The only power left in UK is the City of London, which is technically not U.K territory.

Actually, the only significant manufacturing that happens in the US is from the military industrial complex. Not exactly productive when you look at the debt behind USA's defense spending. "Made in USA' is very very rare to see on products that are in everyday use, personal or business. But...

I don't think you know what investment banks do. IPOs are only one piece of their business, and it's just a racket. Look up Google and how they went public. The whole structure set up by Wall Street for IPOs is a barrier contaminated with unnecessary costs. IBs certainly do not do anything...

I was not aware you were making a valid argument. To say that the nation is dependent on Wall Street to run its economy lies somewhere between insanity & retardation. Sorry to be harsh, but it makes me wonder if you even understand that anything above basic finance requires real industry to...

Believe me, it really is not. It's plain comedy on how people got ahead in USSR and what happened during the transition. It's similar in USA, although not as bad. Cronyism and business/political networking are not synonyms.

Well, the truth is that it was very dependent on cronyism & nepotism. Talent had little to do with it, it was more important whom you were related to and with whose family your family happened to be good friends with. That is how USSR was run and that is how the assets were passed down in the...

This is plain delusional.

A little clueless, aren't you? There would be havoc in the streets if all those subsidies were cut. There are not enough jobs as it is, imagine if all the welfare cases were set loose.

I think you are the one who does not understand what Investment Banks do. They are essentially, parasites. Investment banks failing would have little to no effect on Main Street. Large retail banks failing would cause problems, however, there are plenty of small local banks who would have...

Actually, the density discrepancy between tungsten and gold is large enough to be detected by a precise scale. It's enough to get a more elaborate assay to be true.

Steve Cohen has stated publicly in interviews that he pays exorbitant fees to make sure he gets the information ahead of everyone. However, this is PUBLIC information that he gets on the day of the announcement. It is no different from retail daytraders paying news services such as...

Uhm, do you understand that Wall Street gang is a lot bigger than SAC? You know, JPM, Goldman, Morgan Stanley, etc., are quite active in the Insider trading game as well. [B] I do not know where you get this idea as Insider Trading was never looked upon favorably in the public eye, while...