The IMF claims that the global total of derivative contracts outstanding amounts to $1.14 quadrillion. That's right, quadrillion or 1000 trillion or 1,000,000 billion. Estimates of global GDP are approximately $50 trillion. [more]
Why did you end your positions of a bunch of inverse ETF's yesterday? Are you feelin bullish!
Adjusting the DOW for GDP growth, the number should be closer to 3500. [more]
The death of paper money is unfolding globally and will probable only accelerate. It started when Roosevelt nationalized gold in 1933 and became real when Nixon severed the gold standard in 1971. [more]
"A closer look at the life and career of John McCain reveals a disturbing record of recklessness and dishonesty"
"A heavy progressive or graduated income tax." 2nd plank of The Manifesto [more]