Archive for the 'Economy' Category
Garbage Bonds & Bonfires
July 6th, 2007This is an outstanding essay. I’ve included a few passages below, but these don’t do the piece justice. I highly suggest reading it in its entirety. Via: 321Gold: For years the homestead, the house property has been considered the ultimate inflation hedge asset. Sure, price inflation wrecked havoc in the USEconomy, but the nation of […]
Wall Street Journal: Money Meltdown
July 6th, 2007Following on the heels of the admission by the Council on Foreign Relations that the U.S. Dollar is, “An absurdity… supported only by faith,” the Wall Street Journal discusses the current “Money Meltdown.” Let me consult my Magic 8-Ball: I see fewer national currencies in your future. Via: Wall Street Journal: Interest rates are on […]
Defunding Fascists with Asymmetric Economic Warfare, or Being Happy with Less
July 5th, 2007Works for my wife and me. We took it quite a bit further than this, but you get the idea. I wouldn’t suggest doing this for any political reason, though. Forget politics. You might find, like we did, that being able to live well on very little money leads to a happier life. The fact […]
Bridgecorp Placed in Receivership
July 3rd, 2007Via: Stuff: The collapse of one of the country’s major property financiers Bridgecorp – the fourth finance company to go to the wall in a year – could be one of the biggest to affect mum and dad investors since Equiticorp went bust in 1988. Bridgecorp and its subsidiaries were placed in receivership at the […]
Geostrategy via Economics: China Providing the U.S. with Enough Rope to Hang Itself
July 2nd, 2007For to win one hundred victories in one hundred battles is not the acme of skill. To subdue the enemy without fighting is the acme of skill. —Sun Tzu, The Art of War As good as this article is, it doesn’t mention a certain, former superpower that was also bogged down in a futile war […]
Several U.S. Corporations Support Colombian Death Squads
July 2nd, 2007One for your same-shit-different-century file. Via: Los Angeles Times: A former paramilitary soldier told a congressional panel Thursday that several U.S. companies provided financial support to illegal militias accused of killing Colombian civilians. Edwin Guzman, a former Colombian army sergeant who later became a paramilitary member, testified that his military units were responsible for guarding […]
Investment Landfill: Is Your Pension Fund a Dump for Toxic Waste?
June 30th, 2007Paul Tustain, the director of BullionVault, has written a special report on the Bear Stearns crisis. You should know that Paul is in the business of making gold ownership simple and efficient for individual investors. You should also know that I am a BullionVault client. Via: BullionVault (PDF): It starts with the humble mortgage. Lots […]
U.S. Family Tries Living Without China
June 29th, 2007I wrote a post about this several years ago, but Sara Bongiorni turned the exercise in to a book. Via: Reuters: Lamps, birthday candles, mouse traps and flip-flops. Such is the stuff that binds the modern American family to the global economy, author Sara Bongiorni discovers during a year of boycotting anything made in China. […]
Doctors Back Microchipping Plan
June 28th, 2007Tell me another one. Via: Yahoo / AFP: Doctors could soon be storing essential medical information under the skin of their patients, the American Medical Association says. Devices the size of a grain of rice that are implanted with a needle could give emergency room doctors quick access to the records of chronically ill patients, […]
Realtors Attend Worship Service to Pray for Better Real Estate Market
June 27th, 2007I love it! Via: North East Florida Daily News: More than 300 people with a keen interest in the Emerald Coast’s real estate market gathered Wednesday at Destiny Worship Center to ask for God’s blessing. The Real Estate Prayer Luncheon was organized in hopes of breathing life and positive thinking into the area’s slumping housing […]
