A gold standard is the creationism of economics. – Larry Summers Former treasury secretary Larry Summers, it seems, is more right than he knows. The quote above, widely attributed to him on the internet, apparently was his reaction to a question about the viability of a monetary gold standard. Summers, as do nearly all academic [...]
Archive for the ‘Investing’ Category
Those Wacky Gold Bugs
Posted in Economics, Investing on February 18, 2012 | Leave a Comment »
Financial Outlook 2012
Posted in Economics, Investing on December 28, 2011 | Leave a Comment »
Jim Rogers is one of my financial heroes. Not only is he one of the most successful investors in the world, he’s also that ever so rare highly placed individual who 1) knows what he is talking about, and 2) is honest and brave enough to publically speak the truth. I had heard of him [...]
Marc Faber on Facing the Music
Posted in Economics, Investing on January 28, 2011 | Leave a Comment »
The politicians keep on fueling an illusion that you can spend yourself out of the misery, and that by printing money you will improve the economy which is not the case. – Marc Faber Whatever their nature, all debts must be paid. This is a basic feature of God’s creation and one that reflects his [...]
Jim Rogers: Investing Go-to Guy
Posted in Economics, Investing on January 7, 2011 | Leave a Comment »
The central bank? Abolish the central bank. Who needs a central bank? – Jim Rogers A few years ago when I finally decided to get serious and learn about investing and economics, I had no trouble finding outlets that offered information and advice. But there was a problem with the supposed helpful hints and trenchant analysis put forth [...]
Invest in Gold and Silver? You Must be Joking!
Posted in Economics, Investing on December 31, 2010 | Leave a Comment »
Not so very long ago the thought of buying gold and silver seemed unthinkable. I didn’t know very much about investing, and the little I did know came from studying my one and only underperforming, large cap mutual fund. To me, the bond market seemed like foreign territory, so the thought of investing in precious metals was about as far off my [...]
The Coming Municipal Bond Meltdown
Posted in Economics, Investing on December 14, 2010 | Leave a Comment »
Anyone who’s followed the financial news over the past two years knows, or at least should know, that we’re in the middle of an ongoing debt crisis caused by too much government spending. For generations Americans have looked to government – federal, state and local -to supply their needs in everything from baby food to education to [...]
