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This dude has joined ET.... let the good time begin.

Are you the same Martin who writes about goldman conspiracy theories? Awesome! I love your newsletter!

Nah, that's what they want you to think. Goldman is really a front for the roswell aliens who were sent to colonize earth by steeling our vital vital body fluids.

That's the most hilariously incoherent document I've ever read; good times - almost as good as the Time Cube guy.

What the hell is "DRAIN THE BANKS"?

Yeah... because most civilian ships can go across the atlantic and operate in the indian ocean/gulf without refueling and resupplying. Second - there are plenty of yachts and other non-container ships in shipping lanes. Shipping lanes are not exclusively for shipping. They are called that...

I want to eradicate the pirates as much as the next guy, but ron paul is a moron for suggesting this (and you are a moron for thinking it makes sense). First - armed sailors aren't exactly going to be welcomed with open arms in any foreign port. There are explicit maritime laws pertaining to...

Who do you think the new guys are going to be. Who are they going to hire? "prop" and "day" traders who move a few k's of eminis around? IBanks are out. But that doesn't mean the next round of financiers are going to be less picky.

Good god no. You will never touch institution money that way. (or, at least, the probability of that is TINY).

What does "Is it all grades like in ibanking" mean? What finance masters program did you graduate from where you don't have any idea on where the jobs are (or are not, these days). Don't you have guidance from your program?

This is the point that's in dispute here. I disagree with this. First, there has been periods of high gold-based inflations. The Spanish conquest of the new world was the most well known one. Second, gold was once the obvious form of money used in international trade. It's no longer the...

I don't disagree with you that stocks are not necessarily always good in the long term (that's why I allocate a good portion of my income to the ultimate inflation/crisis hedge: consumption; can't lose what I used and enjoyed). That being said, the reason why we are calling you a goldbug is...

Excuse me? I'm being too emotional? I gave you my rationale for gold not being a good investment. Thus, I don't hold it. You are the one who's making very emotional arguments. Why is gold an "asset" other than the fact that it physically exists? What does it produce on its own?

Exactly. Goldbugs for some reason believe that gold occupies a special place as a "rightful" form of money. I think it's because they don't what "money" is. Beyond all else, if something can be used a unit of storage of the ability to exchange, it is a form of money. To wit, when cigarettes...

Sorry - did I miss a rebuutal of some sort in your sarcasm that I missed? If your point is that gold is valuable as a hedge because it has market value, then I think your analysis is flawed. Clearly, there's a market for gold today. but that isn't the thrust of your point is it? You are...

This has to be the funniest thing I've read all day - that it's a form of prejudice to disagree with the thesis that gold is a worthwhile investment. The point being, once upon a time before the advent of modern international finance, gold is a universal medium of trade. Even if your country...

I don't know why goldbugs keep repeating this. For example of inflations under the gold standard: the spanish conquest of the new world. The sudden influx of gold basically expanded monetary supplies by a few hundred folds == instant hyper inflation. Further, deflation was a real problem...

Which is what, exactly? I'll bet that most of what you think is the "academic view" of the market are secular superstition of what the actual academic views are. To wit, no one in academia actually believes the markets are normally distributed - just that its a easy short hand to work on...

I don't agree that higher reserve ratio leads won't lead to another asset bubble. The last asset bubble wasn't so much created by gaming the reserve requirement, but by gaming a legal arbitrage between ratings requirement and bank capital reserve requirements (not the same as the reserve...

Having spent a few years on a repo desk, I know exactly what those things are. What I don't know is your point? I pointed out that reserve requirement as a policy tool already exists. It's not in active use. If you want to argue that it should be use more, then please explain why it's a...