Sept 22 2011
"Tu ne cede malis, sed contra audentior ito. "
By Ludwig von Mises, a great economist and political scientist.
Aug 14 2011
“A hundred wagon loads of thoughts will not pay a single ounce of debt.“ Italian saying....
“The modern mind dislikes gold because it blurts out unpleasant truths”
Joseph Alois Schumpeter
“Jesting is the third-best disguise. The second-best: sentimentality. But weirdly, the best and
safest disguise is still the blatant, naked truth. Nobody will believe that.“
July 26 2011
Day Quotes....
"… what are they doing? They are behaving like hooligans, switching on the printing press and tossing them around the whole world, forgetting their main obligations."
– Russian Prime Minister Putin, speaking of The Fed
And consider this quote from last week to put your investment focus in perspective:
"…The flight to gold is accelerating at a faster and faster speed. One of the big US banks texted me today to say that if QE3 actually happens, we could see gold at $5,000 and silver at $1,000. I feel terribly sorry for anybody on fixed incomes tied to a fiat currency because they are not going to be able to buy things with that paper money."
– Britain’s Peter Hambro
July 16 2011
http://www.chathamhouse.org.uk/about/chathamhouserule/
June 15 2011
http://en.wikipedia.org/wiki/Austerity
Austerity
June 7 2011
"Tu ne cede malis, sed contra audentior ito. "
By Ludwig von Mises, a great economist and political scientist.
Aug 14 2011
“A hundred wagon loads of thoughts will not pay a single ounce of debt.“ Italian saying....
“The modern mind dislikes gold because it blurts out unpleasant truths”
Joseph Alois Schumpeter
“Jesting is the third-best disguise. The second-best: sentimentality. But weirdly, the best and
safest disguise is still the blatant, naked truth. Nobody will believe that.“
July 26 2011
Day Quotes....
"… what are they doing? They are behaving like hooligans, switching on the printing press and tossing them around the whole world, forgetting their main obligations."
– Russian Prime Minister Putin, speaking of The Fed
And consider this quote from last week to put your investment focus in perspective:
"…The flight to gold is accelerating at a faster and faster speed. One of the big US banks texted me today to say that if QE3 actually happens, we could see gold at $5,000 and silver at $1,000. I feel terribly sorry for anybody on fixed incomes tied to a fiat currency because they are not going to be able to buy things with that paper money."
– Britain’s Peter Hambro
July 16 2011
The Chatham House Rule reads as follows:
"When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed."
EXPLANATION of the Rule
The world-famous Chatham House Rule may be invoked at meetings to encourage openness and the sharing of information.
The Rule originated at Chatham House with the aim of providing anonymity to speakers and to encourage openness and the sharing of information. It is now used throughout the world as an aid to free and open discussion. Meetings do not have to take place at Chatham House, or be organized by Chatham House, to be held under the Rule.
http://www.chathamhouse.org.uk/about/chathamhouserule/
June 15 2011
http://en.wikipedia.org/wiki/Austerity
Austerity
For other uses, see Austerity (disambiguation).
For the current widespread opposition to present-day austerity measures, see Anti-austerity protests.
In economics, austerity is a policy of deficit-cutting, lower spending, and a reduction in the amount of benefits and public services provided.[1] Austerity policies are often used by governments to reduce their deficit spending[2] while sometimes coupled with increases in taxes to pay back creditors to reduce debt.[3]Austerity was named the word of the year by Merriam-Webster in 2010.[4]
Reasons for taking austerity measures
Austerity measures are typically taken if there is a perceived threat that government cannot honor its debt liabilities. Such a situation may arise if a government has borrowed in foreign currencies which they have no right to issue or they have been legally forbidden from issuing their own currency. In such a situation banks may lose trust in government's ability and/or willingness to pay and refuse to roll over existing debts or demand exorbitant interest rates. In such situations, inter-governmental institutions such as the International Monetary Fund (IMF) typically come in and demand austerity measures in exchange for functioning as a lender of last resort. When the IMF requires such a policy, the terms are known as 'IMF conditionalities'.
June 7 2011
May 25, 2011
cor·rup·tion
[kuh-ruhp-shuh
n] 
Show IPA
–noun
2.
moral perversion; depravity.
3.
perversion of integrity.
6.
debasement or alteration, as of language or a text.
7.
a debased form of a word.
8.
COLLAPSE
putrefactive decay; rottenness.
Origin:
1300–50; Middle English corrupcio ( u ) n (< Anglo-French ) <Latin corruptiōn-, stem of corruptiō. See corrupt, -ion
1300–50; Middle English corrupcio ( u ) n (< Anglo-French ) <Latin corruptiōn-, stem of corruptiō. See corrupt, -ion
—Related forms
an·ti·cor·rup·tion, noun, adjective
o·ver·cor·rup·tion, noun
pre·cor·rup·tion, noun
—Synonyms
2. dissolution, immorality. 8. rot, putrefaction, putrescence,foulness, pollution, contamination.
2. dissolution, immorality. 8. rot, putrefaction, putrescence,foulness, pollution, contamination.
—Antonyms
1–3. purity. 3, 4. honesty.
1–3. purity. 3, 4. honesty.
may 24, 2011
Quote Of The Day
“The desire of gold is not for gold. It is for
the means of freedom and benefit.”
the means of freedom and benefit.”
--Ralph Waldo Emerson--
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