Washington, Jefferson and Lincoln warned US about our greatest challenge today.
After all, they lived through the war inflation of the Continental and Greenback. Two of them lived to see the depression caused by inflation.

Yet many serious people today still believe hyperinflation will wipe out all  debt and clean the slate for reset and rebooting the [...]

The hottest places in hell are reserved for those who in times of great moral crises maintain their neutrality
Dante Alligheri, Inferno, The Divine Comedy

Gold adjusted for inflation is half what it was in Jan 1980.

But do we really have inflation?

We were on a date in the 70s at the Rathskeller of Ghiradelli Square by the San Francisco waterfront. An elated gentleman at the bar where we were waiting to be seated offered to buy us a drink. It seems his company had just gone public and he had made very good [...]

Credits to Eric Blair and Andrew Gavin Marshall.
Wednesday 14 October 2009

1984 doublespeak headlines say one thing, market price dynamics tell us another.

$1065 gold tells us there may be no recovery, no U, no V, no W, but an X rated bi-economy, with the cost of living rising while productivity falls.

Thursday 4 June 2009

Coupons, Dividends or nothing at all?
That is the question right now.

Another boring curious day when BAC has a $34 B capital shortfall and goes up, ruddy Art Cashin, wrong for over a fortnight, says grab
Dorothy and Toto and head for the storm cellar if Friday Jobs come in worse than ADP. Whatever.

I am a retired Merrill fund manager, Stanford Capital investment banker, Christian Science Practitioner and Unity Chaplain who funded an IPO acquired and taken private for $11 Billion. I freely gave away money to live simply and came out of retirement after 2000 by repeated request to share knowledge to help friends and family [...]