Saturday, October 18, 2008
Monday, October 06, 2008
Sell All the Gold in Fort Knox?
$129,711,120,000 is the value of all the gold in Fort Knox. 129 Billion $. The Bailout could have bought 6.5x all the gold in Fort Knox.
Friday, October 03, 2008
810 Billion $ Quote
"The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money." - Toq.
Confidence
I keep falling back into Macro News instead of focusing on the technology I know. Today is no different.
When a society only has "confidence" as a means to stabilize its financial markets, its an indicator of bad things to come. "Competence" is what we need. Not all investments cause losses. A competent financial Guru should easily be able to give me a guarantee of positive return. Any financial professional who has lost a single client money should be barred from working in the financial services industry ever again.
When a society only has "confidence" as a means to stabilize its financial markets, its an indicator of bad things to come. "Competence" is what we need. Not all investments cause losses. A competent financial Guru should easily be able to give me a guarantee of positive return. Any financial professional who has lost a single client money should be barred from working in the financial services industry ever again.
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