Archive - May, 2011

Raise taxes, cut programs or increase debt

Canadians will have three options: Raise taxes, cut programs or increase debt.

Odd as it sounds, I saw this headline buried on page B2 of a copy of the Vancouver Sun1 that I picked up somewhere. Odd because the newspaper isn’t exactly the media that I generally consume my news from. Continue Reading…

All That Glitters: Why I’m Investing in Gold

gold2

Yesterday, I stumbled across an article about investing in gold over at Get Rich Slowly1. Actually, I guess it could be better said that it was an article about not investing in gold. While Mr. Roth’s post is well-researched, the two of us are definitely sitting on opposite sides of the fence. I think that some of his reasons to brush aside gold have been presented without a clear understanding of the role of “money” in a society, and also I feel that some of his statements about historical bubbles aren’t really relevant in discussing golds current trends. Here I just wanted to take a look at a few tidbits from his article, and add my comments. Continue Reading…

On (the wrong kind of) Debt

Debt is an enormous psychological burden that influences life’s major decisions. It’s why so many people stay committed to jobs that are unfulfilling in cities they detest under conditions they find disheartening.

-Simon Black

More on Devaluing Currencies

helicopter-ben-bernanke

I read the The Coming Collapse of the Dollar and How to Profit from It back in 2008 shortly after it was released. It was a follow-up to a similarly named book also written by John Rubino and James Turk1 that was published in 2004. It was one of many of books I picked up and devoured back when silver first piqued my interest in late 2007. Continue Reading…

Paying Banks And Governments To Lend Them Money?

us-toilet-paper

Err…? What the…?

In a recent video post from the Financial Times1, they discuss how recently a small number of investors lent money to the US government at a loss – meaning that the short-term US bills had a negative interest rate. I mean, in real-terms (with inflation factored in), US bills have had negative real returns for a long time now, but according to the Financial Times, these bills were sold with a negative interest rate off the bat. Continue Reading…

Uranium

uranium

This post is coming a little late, given that the earthquake that brought disaster to Northern Japan happened over two months ago. These events in Japan were a tragedy, and it was hard to watch video and imagery as people lost houses, crops, family and watched their entire lives wash away in the tsunami caused by the earthquake. Continue Reading…

Inside Job

Inside Job

I finally had a chance to watch Inside Job, advertised as the “THE FILM THAT COST OVER $20,000,000,000,000 TO MAKE”.

The Inside Job study guide states:

Inside Job, the critically acclaimed movie by Academy Award nominated filmmaker, Charles Ferguson, is the definitive film about the economic crisis of 2008 and the role of Wall Street in modern society. It is a substantive and entertaining film that is ideal for educational purposes.

Continue Reading…

Gold Purchasing By Central Banks

Gold

If you’ve spent any time looking at news headlines relating to gold or silver lately, you’ll notice that more and more central banks are changing from being net sellers of gold to net buyers. One might wonder why a central bank would ever be a net seller of gold, but that’s an article for another time. Continue Reading…