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[youtube]http://www.youtube.com/watch?v=dzJV5vyeSxw[/youtube] http://www.youtube.com/watch?v=dzJV5vyeSxw

Paulson says the taxpayer will be stuck with the bill anyway. Well then I’ll say “let’s take our chances”. Let’s refuse to take the bill upfront and just see what the markets will do. The sad thing is that the US now has lost all moral authority on global economic issues. This is the nail […]

Sept 26. 2008 The fiat money system is a lie. And continued lying requires more lying. This is the short and sweet of the bailout plan. It will come about, they do not really have a way out. I would like to see it dropped, as a principle. But then again, I would like to […]

Sept. 24 Hans Lysglimt The bailout changes nothing, it does save some banks for the short term, but the big picture stays the same. There are much more bad loans out there than can ever possibly be absorbed by the government. Savings in the US will have to go up, putting breaks on the economy. […]

Sept. 23 2008 Hans Lysglimt Interest rates on 10 year bonds have soared from 3.2% til 3.8%. So our advice of just staying in diversified cash turns out to have been the right one. We have advised cash for now, to preserve value, it turns out bonds is more of speculation in the current environment. […]

The markets seems to forget this. People act as if finance is just mathematics. Finance is a branch of economics, a social science, and not a branch of mathematics. Yes, mathematics is used in finance, as a tool. But that does not make finance a natural science. Finance, part of economics belongs in the social […]