Friday, March 28, 2014
Weekend Chillout - Were have been here before
With Gold falling to below $1300 it seems that $100 of the fear trade has been bled out of the market (not that the situation on the ground in Ukraine has changed any). We have been here many times before and no doubt will be again.
PEAK GOLD: How The Romans Lost Their Empire
By Ugo Bardi
A Roman “Aureus” minted by Emperor Septimius Severus in 193 CE. At nearly 8 grams, the Aureus was truly an imperial coin – the embodiment of Rome’s wealth and power. (image from Wikipedia).
In this post, I argue that precious metal currency was a fundamental factor that kept together the Roman empire and gave to the Romans their military power. But the Roman mines producing gold and silver peaked in the first century CE and the Romans gradually lost the capability of controlling their resources. In a way, they were doomed by “peak gold.”
When I heard for the first time that the Roman Empire fell because of the depletion of its silver and gold mines, I was skeptical. Compared to our situation, where we are facing the depletion of fossil fuels, the Roman case seemed to me to be completely different. Gold and silver don’t produce energy, they don’t produce anything useful. So, why should the Roman Empire have fallen because of something we might call “peak gold”?
Read more
A Roman “Aureus” minted by Emperor Septimius Severus in 193 CE. At nearly 8 grams, the Aureus was truly an imperial coin – the embodiment of Rome’s wealth and power. (image from Wikipedia).
In this post, I argue that precious metal currency was a fundamental factor that kept together the Roman empire and gave to the Romans their military power. But the Roman mines producing gold and silver peaked in the first century CE and the Romans gradually lost the capability of controlling their resources. In a way, they were doomed by “peak gold.”
When I heard for the first time that the Roman Empire fell because of the depletion of its silver and gold mines, I was skeptical. Compared to our situation, where we are facing the depletion of fossil fuels, the Roman case seemed to me to be completely different. Gold and silver don’t produce energy, they don’t produce anything useful. So, why should the Roman Empire have fallen because of something we might call “peak gold”?
Read more
Keiser Report: Money out of Thin Debt Air
From RT
Published on Mar 27, 2014
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the paper fist ruling the Empire of Debt. They look at the poor people being financially strip searched, stopped and frisked and then choked while standing in an X-Factor like line in order to get a low paying job at a supermarket.
In the second half, Max interviews entrepreneur and investor, Matthew Mellon, about bitcoin and the blockchain, luxury shoes and Hanley-Mellon.
Published on Mar 27, 2014
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the paper fist ruling the Empire of Debt. They look at the poor people being financially strip searched, stopped and frisked and then choked while standing in an X-Factor like line in order to get a low paying job at a supermarket.
In the second half, Max interviews entrepreneur and investor, Matthew Mellon, about bitcoin and the blockchain, luxury shoes and Hanley-Mellon.
Thursday, March 27, 2014
Wednesday, March 26, 2014
Keiser Report on Real Estate Gold and Markets
Brilliant commentary in today's report by Stacy Herbert.
From RT
Published on Mar 25, 2014
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss how wrong the minister for universities in the UK got his maths so, so wrong. The tripling of student fees has, in fact, cost the government more in defaults than had the government kept fees at £3000. They also discuss house prices earning more in a month than one of these university educated graduates earns in a two years.
In the second half, Max puts lipstick on a pig with Mitch Feierstein, author of Planet Ponzi. They discuss the UK, Spanish and Chinese debt stories and what it would take Mitch to become bullish on the S&P.
From RT
Published on Mar 25, 2014
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss how wrong the minister for universities in the UK got his maths so, so wrong. The tripling of student fees has, in fact, cost the government more in defaults than had the government kept fees at £3000. They also discuss house prices earning more in a month than one of these university educated graduates earns in a two years.
In the second half, Max puts lipstick on a pig with Mitch Feierstein, author of Planet Ponzi. They discuss the UK, Spanish and Chinese debt stories and what it would take Mitch to become bullish on the S&P.
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