Blog Archives

Freak Floods: Romania

Stacy Summary: Fortunately, there is no economic cost to this.

BitPay Offers ‘Free and Unlimited’ Payment Processing for Merchants

“Gold Could Go To Infinity” – Ron Paul

“But long term…and economic law says, if you keep printing a lot of paper money, the value of that dollar and currency will go down, and things and most prices will go up and indeed gold always goes up against that currency” – Ron Paul

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Pulse Globally… Nuke Locally…

… Risk Entirely… but above all else, protect the hedge funders because they own the battleships.

Paul Singer, CEO of $24+ billion Elliott Management explains:

“It (electromagnetic pulse) can be artificial, produced by a high-altitude (at least 15 miles) explosion of relatively low-yield (even Hiroshima-strength) nuclear weapons.”

http://tradewithdave.com/?p=21541

The one really important thing I have learned about the Edinburgh Fringe…

TheDiceMan_cover

Liam Lonergan’s plan to write what I think is probably a ‘contemporary existentialist’ novella/piece of reportage about comedian Lewis Schaffer… Stranger things have happened. Though not much stranger.Read my latest daily blog in full here

• SO IT GOES – John Fleming’s Blog

Ukrainians tear up military writs

Stacy Summary: Interesting. Found this via Twitter. Don’t know where it was recorded or if English subtitles are correct (anyone speak Ukrainian?). Anyway, as always, it seems the ordinary citizen does not want the wars the elite fight.

Former Aide to Bill Clinton Speaks – “My Party Has Lost its Soul”

Bill Curry’s article published this past Sunday by Salon is simply extraordinary. One of the things I’ve felt has been lacking in America for some time is the ability for well-meaning people within the “power structure” to look inward and be honest with themselves about the immoral decay fellow members of their socio-economic class have wrought upon the nation via a singleminded pursuit of wealth and power. A perfect example of an ignorant, destructive oligarch completely devoid of self-awareness was put on full display earlier this year when Sam Zell appeared on Bloomberg TV and essentially said the poor just need to act more like the rich.

Read more here.

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Florincoin is a scrypt minable crypto-currency with quick transaction processing

Florincoin is a scrypt minable cryptocurrency with quick transaction processing

If Bitcoin is the future, then Florincoin is the future 2.0. Haven’t heard of it yet? Florincoin (or FLO) is an electronic currency that was released on June of 2013 by Skyangel, a member of the bitcointalk.org forum community. Some of the new coin’s features are 40 second block generation times, and ….

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Our Marginal Economy

Before you buy another ticket for the Bull market bandwagon of “don’t fight the Fed,” perhaps you should take a look at the quality of the debt the Fed has enabled and the diminishing returns on all that debt.

The mainstream media is delighted to highlight positive economic data, but nobody ever asks about the quality of the borrowers who are behind the rosy numbers. Behind the rosy numbers, sales and profits are increasingly dependent on marginal buyers and borrowers: those buying on credit who would not qualify to borrow money in a system ruled by prudent risk-management.

These marginal borrower/buyers are last on, first off: they qualify for loans at the end of a credit expansion, when lenders throw caution to the winds to reap the profits from issuing new mortgages, auto loans, student loans, credit cards, etc. to marginal borrowers.

These marginal borrowers are the first to default, because they have insufficient income and collateral to support their loans.

This rising dependence on marginal borrowers/buyers leads to an economy of diminishing returns: ever-rising rates of debt expansion are required to generate ever-declining rates of expansion of sales, profits, GDP, etc.

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Russia Buys 18.6 Tonnes Of Gold In June – Currency Wars Intensify

Aggressive buying of gold and particularly silver by Russia will likely lead to defaults on the COMEX gold and silver futures exchanges and potentially an international monetary crisis. As sanctions, economic war and currency wars intensify we expect Russian and Russian ally buying of gold reserves and selling of dollars to intensify … (more…)

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New York comedian Lewis Schaffer – now a book is planned on his denuded selfhood

LewisSchaffer_inThames

“It is a small, episodic book structured like a short story or a novella in the same vein as Julie Hecht’s book about Andy Kaufman – Was This Man a Genius? – or the stories of Belgian experimentalist Jean-Philippe Toussaint.”Read my latest daily blog in full here

• SO IT GOES – John Fleming’s Blog

Looks like UK has basically declared war on Russia (grabs popcorn)

Artwork by @mother_shipton

Artwork by @mother_shipton

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