Vic isn't bankrupt and never was. Please don't say untrue things about people who you have no clue about. Thank you.
Rogers is like a broken clock-- buy commodities ad infinium----
Jim Rogers says Yellen has no clue
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Vic isn't bankrupt and never was. Please don't say untrue things about people who you have no clue about. Thank you.
Rogers is like a broken clock-- buy commodities ad infinium----
This is what you do on a regular basis. Either you say it's your ex-wife, a disgruntled investor, a kid living in a basement, or someone looking for a job.
What does saying untrue things about VN have to do with what you say? VN isn't bankrupt---- I am not following you at all.
How have you been Sam?
surf
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you have again made a fool out of yourself by personalizing.
https://mises.org/library/pretense-knowledge
"If man is not to do more harm than good in his efforts to improve the social order, he will have to learn that in this, as in all other fields where essential complexity of an organized kind prevails, he cannot acquire the full knowledge which would make mastery of the events possible. He will therefore have to use what knowledge he can achieve, not to shape the results as the craftsman shapes his handiwork, but rather to cultivate a growth by providing the appropriate environment, in the manner in which the gardener does this for his plants. There is danger in the exuberant feeling of ever-growing power which the advance of the physical sciences has engendered and which tempts man to try, "dizzy with success," to use a characteristic phrase of early communism, to subject not only our natural but also our human environment to the control of a human will. The recognition of the insuperable limits to his knowledge ought indeed to teach the student of society a lesson of humility which should guard him against becoming an accomplice in men's fatal striving to control society — a striving which makes him not only a tyrant over his fellows, but which may well make him the destroyer of a civilization which no brain has designed but which has grown from the free efforts of millions of individuals."
Just to quote Hayak here.. I think the expression "grown from the free efforts of millions of individuals" is a truth in capitalism... We all have greatly benefited from free markets. The fed has become the dictator of financial markets.. They are ever leveraging future growth in this country to pay for constrained volatility in markets and lower interest rates.. By the best descriptors of this phenomena, the Austrians, which i do believe most traders here agree with know that this could end very badly. To think of a PHD being enough to know all the unknown unknowns is just ludicrous. They have essentially cornered the market in bonds.. This is very much a leveraged positions based on arbitrary unlimited credit.
"If man is not to do more harm than good in his efforts to improve the social order, he will have to learn that in this, as in all other fields where essential complexity of an organized kind prevails, he cannot acquire the full knowledge which would make mastery of the events possible. He will therefore have to use what knowledge he can achieve, not to shape the results as the craftsman shapes his handiwork, but rather to cultivate a growth by providing the appropriate environment, in the manner in which the gardener does this for his plants. There is danger in the exuberant feeling of ever-growing power which the advance of the physical sciences has engendered and which tempts man to try, "dizzy with success," to use a characteristic phrase of early communism, to subject not only our natural but also our human environment to the control of a human will. The recognition of the insuperable limits to his knowledge ought indeed to teach the student of society a lesson of humility which should guard him against becoming an accomplice in men's fatal striving to control society — a striving which makes him not only a tyrant over his fellows, but which may well make him the destroyer of a civilization which no brain has designed but which has grown from the free efforts of millions of individuals."
Just to quote Hayak here.. I think the expression "grown from the free efforts of millions of individuals" is a truth in capitalism... We all have greatly benefited from free markets. The fed has become the dictator of financial markets.. They are ever leveraging future growth in this country to pay for constrained volatility in markets and lower interest rates.. By the best descriptors of this phenomena, the Austrians, which i do believe most traders here agree with know that this could end very badly. To think of a PHD being enough to know all the unknown unknowns is just ludicrous. They have essentially cornered the market in bonds.. This is very much a leveraged positions based on arbitrary unlimited credit.