Monthly Archives: November 2012

To paraphrase F. A. Hayek; an economic system based on central planning cannot possibly work, because any central planner would need to have information about all transactions going on in the economy… as well as ‘intelligence’ to use this torrent … Continue reading →

The latest folly from the ‘powers that be’ can be surmised from two recently floated ‘trial balloons’. The first balloon is a quote from The Economist; “The idea that central banks might cancel their government debt, or restructure them into … Continue reading →

With about 1.6 Billion US dollars of customer’s money ‘disappearing’ in the MF global bankruptcy, you may be wondering what is going on… and exactly where is the world heading. These are good questions, but to answer then we need … Continue reading →

Much ado is being made of the so called ‘remonetization’ of Gold; the U.S. Republican Party even has a ‘plank’ in its ‘platform’ calling for an ‘investigation’ of a possible re-introduction of Gold to the U.S. monetary ‘system’… bah, humbug. … Continue reading →