Editor's Picks
In his latest must read piece, Kyle Bass discusses "The Central Bankers' Potemkin Village", "Road to Serfdom", "Pavlov's Party Coming to an End", and much more.
There are tremendous forces at work that will push silver over $100 an ounce. Very few precious metal analysts understand all the forces that are at work. Some analysts focus on specific areas such as the gold-silver ratio and technical analysis, while others write about future investment and industrial demand.
Excessive leverage and risk in the financial system, e.g., using customer funds to speculate, never ends well. Stock market crashes, bank and investment firm failures or economic recessions are all potential consequences.
Travelers leaving or entering the United States have long had to declare aggregated cash and other monetary instruments exceeding $10,000. Now, under a proposed amendment to the Bank Secrecy Act, FinCEN (Financial Crimes Enforcement Network) will also require travelers to declare the value of prepaid cards that they are carrying, known now as "tangible prepaid access devices."
While neo-Keynesians may realise that their policies are failing, what they are now contemplating is an even more radical programme of outright debt monetisation, wealth confiscation and vastly expanded central planning. Investors must take appropriate actions to protect themselves now, before such policies are implemented.
Part of Information Theory is something called the Shannon-Hartley Theorem, which Shannon developed with the help of Ralph Hartley, a colleague at Bell Labs. This theorem tells the maximum rate at which information can be transmitted over a communications channel of a specified bandwidth in the presence of noise. It has become known popularly as the Signal-to-Noise Ratio.
Finance experts apparently have no idea just exactly what High-Frequency Trading is. If they did, they would not conflate this practice with the computer revolution that has swept Wall St.
Just when you thought it could not get any madder there comes a policy proposal that sets a new low in monetary policy discussion. Of course, in the current climate it is being hailed as ‘epic’ and ‘revolutionary’. The easily excitable Ambrose Evans-Pritchard, a tireless campaigner for man’s exploration of the unknown in the field of money, could not believe his eyes.
At its most fundamental level, economic activity is no more than an exchange between strangers. It depends, therefore, on a degree of trust between strangers. Since money is the agent of exchange, it is the agent of trust. Debasing money therefore debases trust.
Across the world teams of scientists, mathematicians, and computer programmers have spent decades trying to create human intelligence in a machine. There’s just one problem: It’s not going to happen the way we expect.
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