Bear-Stearns Plus 6 Years

We’re coming up on the six year anniversary of the Bear-Stearns sale to JPMorgan. That was the event that motivated me to dig into the realities of the financial world. I’m preparing a bigger anniversary post for March 16th, (the anniversary of the actual...

Libertarian Paternalism: A Response to P. Pilkington

Phillip Pilkington is a research assistant at Kingston University in London and recently penned an article on “Libertarian Paternalism”. It provoked me. This is my response. Phillip, In your article, you said: Look, the libertarian paradigm is...
Why Gold?

Why Gold?

Lacking an understanding what money is and does, you cannot begin to understand why gold is historically the best money. The qualities that all good money will ideally posses are: Durability – does it rust? rot? corrode? melt? Divisibility – does its value...
When is the best time to buy gold?

When is the best time to buy gold?

For those of you asking yourselves, “should I buy gold”, the answer is pretty simple – YES. For those of you wondering, “should I buy gold now that it is over $1900, or should I wait?”, the answer is – THAT DEPENDS. Gold continues...

A Modest Proposal

From the very beginning of the financial crisis, the source of the problem has been evident: big banks committed systemic fraud to cover up their stupid business decisions, and made stupid business decisions to cover up their systemic fraud. (That puts the phrase...