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January 2019
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China cancels U.S. credit card; Time for Bullion

Another great video from

Check this article: link. Looks like the U.S is going to have to print a lot more cash to pay the bills. Good luck with that.

Sounds like a time for Bullion!

P.S.: Not sure why Google has Mark Kirk listed as a Senator. But that’s beside the point.

Andrew Lahde Says Farewell To Hedge Funds

This story was a classic from last year. Not comedy, but definitely funny.

From The Times story:

“I was in this game for money,” the 37 year old Lahde wrote. “The low-hanging fruit, i.e. idiots whose parents paid for prep school, Yale and then the Harvard MBA, was there for the taking. These people who were (often) truly not worthy of the education they received (or supposedly received) rose to the top of companies such as AIG, Bear Stearns and Lehman Brothers and all levels of our government.”

“All of this behavior supporting the Aristocracy, only ended up making it easier for me to find people stupid enough to take the other sides of my trades. God Bless America.”

Especially amusing: “He ended his rant by arguing for the legalization of marijuana.”

The Myth of Sunny Disposition Economics

(Season 13: Margaritaville, first aired on Comedy Central Mar. 26th 2009)

Last week’s episode of South Park was funny. But the learning moment was a bit off the mark.

The lesson that Kyle “teaches” the community only perpetuates the myth that somehow the primary driver of consumer purchasing habits is “mood” or “feeling.” As though somehow if we could just get everyone in America permanently hopped up on Ecstasy, the mood would change and we’d all feel motivated to spend more.

Just to be clear, it’s a FACT that the key determinant of a consumer’s decision to purchase anything is the amount of money he/she has available to spend. Marketing studies show that “actually having money to spend” ranks even higher than “available in fuchsia” or “optional cup holders” as a consumer behavior indicator.
. . . Read on »

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