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Are you blind or in denial? Gold was the original reserve for the reserve currency. Gold has no counter-party risk, it is a precious metal with limited supply. Do you understand economics 101?

Look-up your history. Before 1971, the world reserve currency was backed by GOLD, this was why countries accepted Bretton-Woods to begin with. Precious metals were a safe haven for at least centuries. http://www.answers.com/topic/bretton-woods-system Between the signing of the...

Well I have been saying that the current world nation state system is not sustainable. Many emerging market countries exist in their current state due to imf/world bank intervention again. These countries, such as Pakistan, Congo, etc have no HISTORICAL place of existence in the history of the...

My point is that you are drastically underestimating the social and political ramifications of a massive deleveraging. When you have the largest welfare state in the entire world and an even larger nanny state and that ends all of a sudden people will not take it too easily. America only has a...

Again, you still have not responded to my original statement. The reason why America is an import nation is due to the fact that it has the world reserve currency. Before that the US may have innovated, but that DID NOT sustain the current US standard of living. You are looking at the effect...

Tradestrong you still miss the point. The only reason why Americans can AFFORD DEMAND is due to the dollar being the reserve currency, especially without any precious metal backing they are free to print money. America was historically not always a wealthy country. The reason why emerging...

No there aren't only four races, that is using antiquated and faulty logic. The caucasoid skull type existed before people even inhabited Europe. Most Middle Easterners and Indians had that skull type before europeans even existed. The reason why white people are considered white is due to the...

Well the conquistadors did mix with the natives and blacks in the first place in order to spread catholicism which caused people like Da Silva to exist in the first place, so ironically the statement might have some relavence. Technically it is an Anglo-British system based on Anglo...

Foxbusiness will probably fold in the next 1-3 years so going there may not be a good option. Bloomberg TV is cutting expenses accross the board, so his salary would be dramatically lower over there. Of course, he can give CNN or CNN International a shot and see what happens. Who knows, maybe...

The only reason why the US has such a high living standard and enjoys a barrage of social services is due to Bretton-Woods. Even during both industrial revolutions and in Henry Ford's time the MAJORITY of Americans were POOR, not subsaharan african poor, but still a step above latin america in...

Well a phenomenon like that only occurs in a Bretton-Woods recession. Americans haven't felt a REAL recession in a few decades, they no longer understand its meaning. Even the 'poor' in America are so obese that illegal immigrants from foreign countries have to do the work for them. Americans...

That is not an option, China can still take out all of our major cities, most of these politicians in Washington have FAMILY and would not be willing generally to take that risk. The US is running a Madoff Scheme, people only invest in the US, because it appears to have relatively solid...

Well there is a large difference between the US dollar and the other major currencies. Right now the US is the dominant player in the geopolitical arena, they can invade any defenseless country (Iraq, ahem) they want and get away with it. What is happening is that the US as whole will have less...

The problem with Microsoft is that it only exists by the permission of the US government. In fact all major DMCA backed initiatives are only somewhat enforced abroad due to pressure from the US government. Microsoft is a terrible long term investment, eventually the dollar's purchasing power...

21 is not that young if you put it into a biological perspective. The biological peak for human beings is around 25 years of age after that point it is all down hill from there. In many countries around the world many teenagers are already married or have children of their own. The marriage age...

What Graham failed to calculate were the social and political components to his equation. In many countries around the world nationalization and social unrest often become large factors over time. In Latin America for example when you have companies being privatized and nationalized in a...

The old man has lost his edge. Buffett's and Graham's strategy only works in a Bretton-Woods world. Those days are numbered. The dollar as the reserve currency is the only reason why we haven't seen real social unrest in the US. In 2, 5 or 10 years once hyperinflation kicks in due to the...

IB is a decent direct access retail broker and it may be acceptable for accounts under a few million, after that point they may have trouble clearing and you will need to a use an institutional prime brokerage as I have written previously. I still would recommend Reuters Metastock as one of...

Professional hedge fund managers don't generally use retail brokers or retail software. For brokers think Reuters Trading, Newedge, MF Global, etc those firms generally allow 1-2 million dollar accounts for high volume institutional trading, but generally accept around 5 million. Bloomberg...

I notice that IB seems to have a very decent short list for the US market and a mediocre short list for markets outside the US. Penson seems to have a list that is even worse than Tradestation, which is just as bad OptionsExpress, which in turn are all bad compared to IB. Genesis Securites...