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The Obama Administration's Natural Gas Policy Is Tragically Misguided

Waste that will haunt future generations
Thursday, May 9, 2013, 7:26 PM

The Obama administration has come out in support of the idea of exporting U.S. natural gas.  This stance is counterproductive, short-sighted, and if followed will prove harmful to domestic manufacturing (i.e., value generation) not just now, but for future generations of Americans.

While exporting natural gas would certainly prove to be an economic boon for a very select minority of companies and individuals, it makes no sense from an energy standpoint and undermines our national interests. All it will do is enrich a few, while boosting prices for all domestic consumers and shortchanging the energy and environmental inheritance we pass along to our children. » Read more

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Marking the 4-Year Reflationary Rally: How Much Better Off Are We Really?

Growing amounts of data show a failure to thrive
Monday, May 6, 2013, 11:31 AM

The U.S. stock market rally has recently passed its fourth anniversary after the terrifying lows of March 9, 2009.

During that time, massive and unconventional reflationary policy from the Federal Reserve has managed to lift the S&P 500 by nearly 70%. But perhaps even more improbably, it has finally (?) built a floor under U.S. residential real estate prices. » Read more

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The Importance of Supportive Relationships

Science argues they're the key to a long happy life
Wednesday, May 1, 2013, 12:51 PM

Our mission isn't about helping folks amass more money. Or about becoming more "green." Those may be means to our ultimate objective, but they're aren't the end goal. What we're about is enabling prosperity.

So, what do we mean by 'prosperity'? » Read more

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Charting Gold

What the charts are telling us
Tuesday, April 30, 2013, 9:51 AM

Few investment/finance topics spark as many strong emotions as gold, for its adherents and detractors are equally committed to their views, and equally unlikely to switch camps.

Adherents view gold as the only real money in a world of constant currency debasements, while detractors don’t see gold as an investment, as it lacks a yield and price-earnings ratio. » Read more

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We've Dug a Pretty Damn Big Hole for Ourselves

How do we get out of this mess?
Monday, April 22, 2013, 10:15 PM

The diminishing returns of technology are insidious, and they are ever with us. By this I mean the slow erosion of the quality of life, despite the impression that technological wonders only make our lives better. » Read more

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Unintended Consequences Are Increasing World Demand for Gold

Can the price remain this low with tightening supply?
Wednesday, April 17, 2013, 5:26 PM

With the financial experts claiming, some gleefully, that gold has "lost its safe haven status" in the aftermath of its biggest tumble in 30 years, many commentators  thought (hoped?) that the dramatic price drop would steer people away from gold ownership. To my eyes, the past week has all the earmarks of a high-gloss propaganda campaign complete with well placed anti-gold stories in the media and the careful use of language aimed at sowing doubt about gold's ability to be a store of wealth.

But for those who consider gold a store of value, the recent gold slam is a gift: an invitation to purchase more sound money with fewer units of paper currency. In other words, a sweet deal.  Gold and silver on sale and the world is taking advantage. » Read more

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This Gold Slam is a Massive Wealth Transfer from Our Pockets to the Banks

It likely signals a big downdraft in the stock market, too
Monday, April 15, 2013, 3:55 PM

I am very disappointed by, but not surprised at, the latest transfer of wealth to the bankers from everyone else.  The most recent gold bear raid has vastly enriched the bullion bankers, once again, at the expense of everyone trying to protect their wealth from global central bank money printing.

The central plank of Bernanke's magic recovery plan has been to get everybody back borrowing, spending, and "investing" in stocks, bonds, and other financial assets.  But not equally so, as he has been instrumental in distorting the landscape towards risk assets and away from safe harbors. » Read more

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Japan vs. Newton (and Certain to Lose)

Running head first into hard limits
Monday, April 8, 2013, 9:17 PM

Conventional thinking and reporting has it that Japan is conducting a larger version of the same monetary experiment they’ve been running for about 15 years.  The implication here is that we can safely analyze what Japan is up to through the same monetary lens as always, but with a slightly wider aperture.

By now, we are all familiar with the details.  Japan has initiated a program of monetary expansion that goes by the shorthand of 2-2-2.  In 2 years, the Bank of Japan (BoJ) will fully double the monetary base as they seek a minimum of 2% inflation. » Read more

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We're Living Through a Rare Economic Transformation

Those who understand its post-capitalist rules will prosper
Thursday, April 4, 2013, 8:47 AM

In 1993, management guru Peter Drucker published a short book entitled Post-Capitalist Society.  Despite the fact that the Internet was still in its pre-browser infancy, Drucker identified the developed-world economies as knowledge-based as opposed to from industrial economies, which were were from the agrarian societies they superseded.

Drucker used the term post-capitalist not to suggest the emergence of a new “ism” beyond the free market, but to describe a new economic order that was no longer defined by the adversarial classes of labor and the owners of capital.  Now that knowledge has trumped financial capital and labor alike, the new classes are knowledge workers and service workers. » Read more

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Too Much of a Good Thing

Reason behind the recent site outage
Monday, April 1, 2013, 2:08 PM

For those who received an error message recently when trying to access this site, our apologies.

Over the weekend, we achieved an important target milestone: one of our articles was picked to be featured on the Drudge Report, one of the most trafficked pages on the Internet. » Read more