Satyajit Das. On a long enough timeline the survival rate for everyone drops to zero. The short of the century – The bubble in government bonds is finally bursting. “The government can always pay.”
This is a statement that has no basis in fact. Any rational analysis will quickly expose it to be a fallacy. Economic theory, economic history, and plain good old horse sense can demonstrate effortlessly that this statement is an illusion. Yet, it is today a widely held and deeply cherished illusion in the world of finance (and, incidentally, the world of politics). In fact, it has become one of the defining myths of the modern fiat money era. The fate of myths is that they sooner or later clash with reality. When the irrational belief that the major governments – those of the U.S., Germany, U.K., France, Japan – can and will always pay, regardless of the size of their overall obligations, and that their bonds are therefore ‘risk-free’, is finally being questioned, we could witness a momentous change in market behaviour. Some basic facts about lending to the state Photographer Graeme Weatherston.
The game is now up. Beyond repair Mass psychosis. NY is our new Lourdes as we shop til we drop in Big Apple. Linda is a shopping planner.
Yes, you heard right – a shopping planner. Not only does she organise tours of the great shopping Mecca that is New York City, she organises limos, special spa, nail and wax treatments and books restaurants after a hard day’s spending in the Big Apple. She has the tell-tale sign of a bad nose job. Her once prominent honk looks as if it has been scooped out, leaving her with a tiny turned-up buttoney thing which is far too small for the rest of her equine face. The hair is layered blonde, expensive highlights and the black cashmere wrap marks her out 100 percent Manhattan – aspiring Upper West Side – but still living downtown. The four or five weeks before Christmas are her paydays and her best clients are Irish. The Irish are the seventh largest group of visitors to the Big Apple. This year, it is expected that over 350,000 Irish people will visit New York – the vast majority to shop. She has the assault planned in advance. Peter Schiff. John Mauldin. JimRogers.com: The Only Authorized Jim Rogers Website: Including The Millennium Adventure.
Jim Rogers Blog. Marc Faber Blog. Max.Keiser. Keiser Report — RT Programs. Every week Max Keiser looks at all the scandal behind the financial news headlines.
Max Keiser and Stacy Herbert discuss Americans as the big globalization losers, though they refuse to admit it because they’ve bought Hot Tips from Losers.... April 26, 2014 11:37 Markets! Finance! Scandal! Every week Max Keiser looks at all the scandal behind the financial news headlines. April 24, 2014 11:30 Every week Max Keiser looks at all the scandal behind the financial news headlines. April 22, 2014 13:30 In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss American injustice in the age of the wealth gap and Weev's hedge fund... April 19, 2014 16:15 In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the American dream as being chained to the booth in the waffle house as cogs in... April 17, 2014 11:30 Max Keiser and Stacy Herbert discuss how ignorance could, indeed, be bliss for all of us if the ignorant would just STFU. April 15, 2014 13:30.