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Small countries like Norway have the advantage of not needing to support a military because the US and the Brits previously provide much of their security. I'm glad you used Norway as an example because they were taken over by the Nazi's and certainly would have been swallowed up by the...

I'll be adding GLD shares and opening GDX calls possibly tomorrow or soon after that. I just would like to see an up day or a couple of flat days before I pull the trigger, but I feel we should be close to a short term bottom in an oversold market.

Are you asking for advice on a depression, or end of the world scenario? Those are two completely different things.

It's just a wealth transfer from older generations (savers, fixed income), to the younger workers.

The point is that there is (or can be) an actuarial analysis applied to every product, service or situation that exists on this earth. Friedman's question is "what is the right price?". Obviously with hindsight, $13/car was a minimal cost to save the 2,000 lives that were lost because of...

They are not spending cuts anyways, just a reduction in the growth of spending

More importantly, we need term limits. That is one of the few things needed for true political reform. Until then, we will just get band aid fixes, political favors and hand outs aimed at getting re-elected.

If you can't trade this "Ferrari" system, how do you know it's not worthless?

I'm sorry you paid $700 for books on trading using geometry.

Who was foolish enough to buy that last $billion in bonds

LOL that's pretty good

It is comical watching this unfold. I can't believe adults/world leaders were naive enough to think that you could couple sovereign nations and think that they would be willing/politically able to bail out their counterparts. It's really quite funny in retrospect. If German and French...

Capitalism isn't failing. Democracy has started to fail. Democracy has advanced socialism to the point where we are trapped in an economic corner.

Yes, and I'd bet dollars to donuts, that union pensions would be exempt. Tom Harkin (D-Iowa) was quoted as saying..."It's such a small tax, that I bet no one would even notice it" That is how clueless these *ssholes are. Senator Harkin, I know there is a pretty low intelligence...

DeFazio may be a stooge, but Harkin is a fairly serious player. I doubt that this is going anywhere with a Republican House, but it certainly tells me that the Dems would love to get their hands on a little piece of my 401k money if they could.

With that title, I figured you would have posted this article about the transaction tax being brought up again................. BY DEMOCRATS of course. http://www.bloomberg.com/news/2011-11-01/lawmakers-to-propose-transaction-tax-for-financial-firms-modeled-on-europe.html Two U.S...

This time it's Tom Harkin along with DeFazio. Harkin is a significantly more important player than DeFazio. http://www.bloomberg.com/news/2011-11-01/lawmakers-to-propose-transaction-tax-for-financial-firms-modeled-on-europe.html

That would be good for 1,000 at least.

What are the chances that there aren't more of these out there? I'm thinking this is the first couple of dominoes falling. Could be a very interesting year ahead..... Spain, Portugal, Italy I'm sure there are other firms that levered up on European debt exposure

Hey at least you didn't sell puts