Comments on: A downward spiral

By: Rich Paul

Rich Paul — Thu, 22 Jan 2009 03:45:57 +0000

Of course there is sound money. It has existed longer than we have. It’s called gold. It is what takes over when the schemes of the fiat money crowd collapse, and they *ALWAYS* collapse sooner or later.

By: Paul

Paul — Thu, 22 Jan 2009 02:01:32 +0000

Free Money Now!
(Money is too important to be in the hands of government. We need many free money’s, each in competition with each other, and each different, and accented to different users. I have no idea on how to do this, but if government hacks can do it, we can, better and cheaper.)

By: Johnathan Pearce

Johnathan Pearce — Wed, 21 Jan 2009 08:22:38 +0000

There hasn’t been even arguably sound money since 1972. Just temporarily slowly inflating money in some places at some times.

Indeed.

By: Deucalion

Deucalion — Wed, 21 Jan 2009 03:24:59 +0000

To return to the original post: were it possible to short the government, Guido's advice to do so would have been timely in light of this Iain Martin article in the Telegraph ...

By: djr

djr — Wed, 21 Jan 2009 01:41:40 +0000

Crap, there goes another one of the life-boat countries from my list! Any seats left on that spaceship?

By: staghounds

staghounds — Tue, 20 Jan 2009 17:16:54 +0000

“Return to sound money”. You’re killing me.

What, the sound money the Unicorns delivered every morning?

There hasn’t been even arguably sound money since 1972. Just temporarily slowly inflating money in some places at some times.

By: Johnathan

Johnathan — Tue, 20 Jan 2009 17:16:16 +0000

Gabriel, I don’t think we should blame Popper for the fact that one of his most prominent fans is a bit of a dope on politics.

By: Gabriel

Gabriel — Tue, 20 Jan 2009 17:11:20 +0000

George Soros obviously did not cause the economic meltdown. However, he did use his money and media power to get a vapid and manipulatable man into the Whitehouse and he will expect payback (probably mostly in terms of policy influence, but possibly financial).

America is about to get a whole lotta “empirical, non-essentialist social engineering” or whatever that damn fool Popper spent his time blithering on about (don’t have a book to hand).

By: boqueronman

boqueronman — Tue, 20 Jan 2009 17:05:39 +0000

Yeah, Soros is one swell guy. He’s so cute you just want to pinch his cheeks. But first take off your tinfoil hat and then read this sentence again. “the idea propagated by deluded Bush supporters that Soros is behind America’s economic woes is just a pure desperate attempt to defend a man even more dubious than Soros.” Who the hell is “propagating” the idea that Soros is the explanation for the U.S.’s economic woes? If there exists such a legitimate and intellectually competent “Bush supporter,” please enlighten us with the name. To say nothing of “more dubious than Soros.” Wow, BDS anyone? Otherwise, one must conclude that there are some Moonbats around, but that sentence would have to be exhibit #1 on the application form to the local Moonbat Fraternal Lodge. Sheesh!

By: Johnathan Pearce

Johnathan Pearce — Tue, 20 Jan 2009 16:48:18 +0000

Both men have shown great dexterity at manipulating markets, bankrupting industries and nations, and are probably the leading figures behind the disgusting oil speculation. It is no coincidence that oil prices plummeted as Obama’s inauguration drew closer.

So much delusional nonsense in one paragraph. Rogers’ own oft-stated claim that oil could rally to over $200 per barrel clearly hasn’t worked. He cannot be that powerful, can he? What industries has this man bankrupted, pray, or why?

And the idea that Obama is behind the stunning fall in the oil price is not just barking moonbattery, but bizarre. If anything, the collapse in the price of oil is driven by a, some improvements in supplies; b, falling demand from the West and China, and c, some closing out of speculative positions by hedge funds. In the latter case, what this proves at most is that short-term speculative froth will go away eventually once the fundamentals take over. It came as no surprise to those who look at long term trends.

By: Perry de Havilland

Perry de Havilland — Tue, 20 Jan 2009 16:20:29 +0000

but the idea propagated by deluded Bush supporters that Soros is behind America’s economic woes is just a pure desperate attempt to defend a man even more dubious than Soros.

Amen to that. ‘The Jew Soros’ is a wonderful bogeyman and much as I dislike him, the antennae on my Barking Moonbat Detector(tm) usually start waving furiously whenever someone starts a rolling narrative on the world’s woes that includes him.

By: Michael Jennings

Michael Jennings — Tue, 20 Jan 2009 16:01:52 +0000

I keep trying to interest people in the benefit of Britain’s next government instituting a Truth and Reconciliation Commission

The South African model for such a thing involved giving pardons to the guilty at the end of it. I wouldn’t support such a thing here.