| |
| Graham Summer - Gains Pains & Capital |
| When HODL becomes GTFO, what is your exit plan, and how long will it take to execute |
| "You know, fighting in a basement offers a lot of difficulties. Number one being, you're fighting in a basement."
- Lt. Aldo Raine
Like most libertarians, private property ownership and personnel security are two passions of mine where we all clearly benefit from always having an exit plan.
This article probably does not cover anything professional traders and old mobsters don't fully grok, but dilettantes and newbies will certainly benefit from either developing or reviewing their exit poiMonday, August 13, 2018 |
|
| Graham Summer - Gains Pains & Capital |
| Eat Gold |
| Submitted by BullionStar.com
A popular phrase in segments of the mainstream financial media is that “You Can’t Eat Gold”. We don’t know who first uttered this comment, but it was more than likely a talking-head or Wall Street analyst on CNBC or Bloomberg.
The disparaging claim seems to be based on concluding that in a financial or monetary crisis, if you own gold, that “You Can’t Eat It”. And so, according to the logic of whoever came up with the phrase, this would make gold useless during a finMonday, August 13, 2018 |
|
| Graham Summer - Gains Pains & Capital |
| The Candle Problem (Why Bitcoin Is Misunderstood) |
| By Chris at www.CapitalistExploits.at
Karl Duncker, that's who came up with it.
The Candle Problem, that is.
If you haven't heard of the candle problem, here's the skinny.
In 1945, just as Hitler was murdering himself (thankfully), psychologist Karl Duncker was turning his attention to how humans solve problems. He came up with "the candle problem," a cognitive performance test measuring the influence of functional fixedness on a participant's problem solving capabilities.
Here's the problMonday, August 13, 2018 |
|
 | Mish - Global Economic Analysis |
| Burger Flipping Robot Starts First Shift at California Restaurant |
| "Flippy" is now on active duty.
Flippy, a burger-flipping robot, has begun work at a restaurant in Pasadena, Los Angeles. It is the first of dozens of locations for the system, which is destined to replace human fast-food workers.
Flippy is being installed in 50 locations.
Each flippy costs $60,000 and costs $12,000 a year to operate. One Flippy can cook 12 burgers. A worker making $15 an hour, 40 hours a week, working 50 weeks a year would cost $31,200 plus benefits (assuming 2 weeks paid vacatTuesday, March 6, 2018 |
|
 | Keith Weiner - Monetary Metals |
| Irredeemable Currency De-tooths Savers |
| Arbitrary Interest Rates
In the past few weeks, we have argued that interest rates will not rise. We have made our arguments based on observable cases of soft credit demand that falls with rising rates, and analysis of the incentives on creditors and debtors. Ours is a case that rates can’t go up much, for long, because demand for credit won’t chase rates up. In the postwar period up to 1981, borrowers chased rates all the way up the moon. But not since then.
Now, we want to make a theoretical aMonday, February 19, 2018 |
|
 | Frank Shostak |
| Why Perfect Competition Is not So Perfect |
| According to the popular view, a proper competitive environment must emulate the perfect competition model.In the world of perfect competition, a market is characterized by the following features:There are many buyers and sellers on the marketHomogeneous products are tradedBuyers and sellers are perfectly informedThere are no obstacles or barriers to enter the marketMoreover, buyers and sellers have no control over the price of the product. They are price takers.No Room for EntrepreneursThe assuFriday, February 2, 2018 |
|
 | Chris Powell - GATA |
| An $814 million mystery near the heart of the biggest bitcoin exchange |
| Among the many mysteries at the heart of the cryptocurrency market are these: Does $814 million of a digital token known as tether really exist? And what is tether's connection to Bitfinex, the world's biggest bitcoin exchange?
This is the state of crypto in late 2017, where questions about the companies behind the currencies are multiplying with the profits. While cryptocurrencies appeal to people who lack faith in governments and banks, the digital assets often require a blind trust in companiThursday, December 7, 2017 |
|
| Graham Summer - Gains Pains & Capital |
| How Government Created the Myth of Adolescence and the Terrible Consequences |
| Via The Daily Bell
Why are teens so angsty and rebellious? Because they are biologically adults, being treated like children.
Jane Addams likely had good intentions when in the early 20th century she helped create the juvenile justice system and laws against child labor. But fast forward to present day and her influence on how society treats young adults has disastrous effects on young individuals and society at large.
Tom Woods hosted Dr. Robert Epstein on his podcast to discuss this problem. EWednesday, December 6, 2017 |
|
| Frank Shostak |
| More on Interest Rates and Time Preference |
| In a recent column for Mises Wire, Doug French raised very important issue of negative interest rates. Quoting Fleckenstein Capital He wrote,Yesterday a Parisian BBB-rated company (i.e., quasi junk) issued $500 million in three-year notes yielding negative 0.026%. We have been peppered with so many absurdities, nothing seems absurd anymore…French continues with his own observations: [The French utility company] Veolia Environnement S.A. floated €500 million of debt, rated just 2 notches above jSunday, December 3, 2017 |
|
| Keith Weiner - Monetary Metals |
| The Hyperinflation That Was Not |
| Last week, we made a very controversial statement. We are happy to write the truth, and let the chips fall where they may (e.g. our thoughtful disagreement with Ted Butler about price manipulation). We can accept the flak that we get for this, so long as our position is understood. Some criticized our approach as mere technical analysis, and therefore insufficient to the task of explaining the dynamics of the gold and silver markets. But whether we quibble with this characterization of our work Monday, November 27, 2017 |
|
| Frank Shostak |
| Is Behavioral Economics Good Economics |
| Recently, a relatively new economics called Behavioral Economics (BE) has started to gain popularity. Its practitioners such as Daniel Kahneman, Vernon Smith and Richard Thaler were awarded Nobel prizes for their contribution in the field of BE.The BE framework emerged on account of dissatisfaction with the neo-classical theory regarding consumer choices. A major problem with the neo-classical theory that people presented as if a scale of preferences is hard-wired in their heads. Regardless of aSaturday, November 18, 2017 |
|
| Frank Shostak |
| Is Behavior Economics Good Economics |
| Recently, a relatively new economics called Behavioral Economics (BE) has started to gain popularity. Its practitioners such as Daniel Kahneman, Vernon Smith and Richard Thaler were awarded Nobel prizes for their contribution in the field of BE.The BE framework emerged on account of dissatisfaction with the neo-classical theory regarding consumer choices. A major problem with the neo-classical theory that people presented as if a scale of preferences is hard-wired in their heads. Regardless of aFriday, November 17, 2017 |
|
 | Michael Ballanger |
| Hypocrisy Most Foul. . . |
| As you all know by now, I have absolutely zero knowledge of anything related to the "blockchain" technology, which translates into "I don't own Bitcoin and would not touch HIVE Blockchain Technologies Ltd. (HIVE:TSX.V; PRELF:OTC) with a barge pole." That also means that I am constantly being reminded, primarily by those considerably younger than me, that geriatric anchoring is costing me (and my readers) a great deal of money by avoiding the space which, as you can see from the chart below, has Monday, November 6, 2017 |
|
 | Mike Maloney - Goldsilver |
| Bitcoin Was Useless in This Disaster Scenario - Cash Gold King in Hurricane Maria |
| Mike discusses the barter situation after disastrous Hurricane Maria on the Island of Puerto RicoNote from Dan Rubock, Producer of Hidden Secrets of Money series: You can help Rincon (my hometown, also Edd Santoni in this video) by donating at the following link: https://www.gofundme.com/aid-for-west... This local restaurant has become a community hub and savior for many people in Rincon.They have literally closed their business down to become a relief center, it is still one of the few places Saturday, October 14, 2017 |
|
 | Mac Slavo - ShtfPlan |
| How to Survive a Sniper Attack |
| This article was originally published by Daisy Luther at The Organic Prepper
Of a tragic necessity, we’ve all read articles and watched videos about surviving an active shooter terror situation. But an entirely different set of rules apply when it comes to surviving a sniper attack.
The thing with an event like the one in Las Vegas is that a great deal of your survival depends on nothing but luck. If you happen to be in the wrong place at the wrong time, skills won’t necessarily save you.
The LWednesday, October 4, 2017 |
|
 | James Howard Kunstler |
#Take the Knee  |
| There’s a lot to complain about in this deranged Republic — if it even still is one — but the burdens of being a multimillionaire football player would not be at the top of my list. Personally, I find it a little peculiar that we have to play the national anthem before any sporting event. All it really shows is how insecure we are as a nation that we have to display our love of country in this obsessive manner. Same with congressmen and their stupid flag lapel pins, or the flag in front of DennyMonday, September 25, 2017 |
|
| Graham Summer - Gains Pains & Capital |
| Preparing for Zombie Apocalypse for less than $1,200 in just one weekend |
| You think that after watching all the wonders of modern warfare fall flat on their high-tech hyper ass, that after watching three months of the Great Panic and watching everything you knew as reality be eaten alive by an enemy that wasn't even supposed to exist that you're gonna keep a cool fucking head and a steady fucking trigger finger?
-World War Z: An Oral History of the Zombie War, by Max Brooks.
Little money? Big fear?
You may have already read my ZH article...
...Guide for Those wSaturday, August 19, 2017 |
|
 | John Butler - Goldmoney |
| The Golden Revolution, Revisited: Chapter 7 |
| This Insight is the tenth in the serial publication of the new, Revisited edition of my book, The Golden Revolution (John Wiley and Sons, 2012). (The first instalment can be found here.) The book is being published by Goldmoney and will also appear as a special series of Goldmoney Insights over the coming months. This instalment comprises the second chapter of Section II.View the Entire Research Piece as a PDF here.Stagnation, Stagflation, and the Rise of 'Darth' Volcker“When I look at the past Wednesday, August 2, 2017 |
|
| Mish - Global Economic Analysis |
| How Can a Human Justify Asking to be Paid $15 to Work |
| McDonald’s announced it will replace cashiers in 2,5000 stores with self-service kiosks.
The story buzzed across the internet but Business Insider reported McDonald’s shoots down fears it is planning to replace cashiers with kiosks.
Official Denial
“McDonald’s has repeatedly said that adding kiosks won’t result in mass layoffs, but will instead move some cashiers to other parts of the restaurant where it’s adding new jobs, such as table service. The burger chain reiterated that position again Sunday, June 25, 2017 |
|
 | Andy Hoffman - Miles Franklin |
| The Most PiMBEEB Transaction Of All-Time |
| Monday mornings can be daunting, in processing the massive amount of PiMBEEB – or Precious Metal bullish, everything-else-bearish – news since my last publication, 72 hours earlier. This, amidst a world where government-commandeered “markets” signal nothing but the madness they have created, and the carnage that must surely ensue – as if generational economic weakness; the highest-ever debt load; the largest-ever industrial oversupply; the lowest-ever cumulative purchasing power; and the highesMonday, June 19, 2017 |
|
|
