According to Jim Rogers,
-Kim Jong Un is educated in Europe.
-The Lieutenants and captains have lived in China, Moscow, and other cities, and now they are Generals.
-They have seen changes elsewhere and want to replicate it in their country.
-The N.Koreans are educated and know about the outside world.
-There're lots of propaganda about reunification.
-N.Korea is opening up economically.
-Lots of Chinese are moving goods into N.Korea - like mobile phones and Dvds.
-There's a huge black market in N.Korea
These are signs that North Korea will open up soon, and don't be surprised that both Koreas merge in the next few years. The current S.Korean regime can be less hostile and do more to aid the process. The Japanese and US won't like it, of course. Lots of mainstream news on N.Korea are from them.
One way to invest is to buy N.Korean gold coins or stamps. When there is no more N.Korea, these stuff will become valuable.
Friday, October 25, 2013
Friday, October 11, 2013
Super Austrian to Super Keynesian
http://goldsilver.com/video/guess-who-said-this-santelli-s-find-of-the-day/
LoL
In 2006, then Senator Obama spoke like a true Austrian champion.
Ever since being elected, he has turned into a super Keynesian.
When Mr. Obama became president in January 2009, the total federal debt stood at $10.6 trillion. Now it has surpassed $16.7 trillion — an increase of 57 percent. This is not counting unfunded liabilities which dwarf the official debt figure.
LoL
In 2006, then Senator Obama spoke like a true Austrian champion.
Ever since being elected, he has turned into a super Keynesian.
When Mr. Obama became president in January 2009, the total federal debt stood at $10.6 trillion. Now it has surpassed $16.7 trillion — an increase of 57 percent. This is not counting unfunded liabilities which dwarf the official debt figure.
Sometimes I feel bad for the Singapore government.
http://www.youtube.com/watch?v=xvzvUgoZnK0
This is just one of the many amusing stuff happening in another country right now. It was once the land of the free, with the most sublime piece of Law of the Land ever written in history.
Some people question why I criticise other governments but not the Singapore government. Well, I do disagree with certain policies. Some government policies infringe on rights and discourage free-market competition, but in this messed up world today, this country is a haven.
Put into perspective, the Singapore government, in comparison to other governments, is way better. If the world monetary system changes to one backed by hard money, we will really see Singapore shine. Without inflation, there will be more babies, more wealth, less welfarism and less stress. Too bad it has to play by international rules. Some things are just out of the government's control, and they've been unfairly blamed on certain issues.
This is just one of the many amusing stuff happening in another country right now. It was once the land of the free, with the most sublime piece of Law of the Land ever written in history.
Some people question why I criticise other governments but not the Singapore government. Well, I do disagree with certain policies. Some government policies infringe on rights and discourage free-market competition, but in this messed up world today, this country is a haven.
Put into perspective, the Singapore government, in comparison to other governments, is way better. If the world monetary system changes to one backed by hard money, we will really see Singapore shine. Without inflation, there will be more babies, more wealth, less welfarism and less stress. Too bad it has to play by international rules. Some things are just out of the government's control, and they've been unfairly blamed on certain issues.
Is savings money bad for the economy?
http://mises.org/daily/6547/Is-Saving-Money-Bad-for-the-Economy
I posted a piece in the past touching on this issue as well. It can be viewed here: http://silvernjin.blogspot.sg/2011/12/economics-in-5-pages_16.html
We must get back to Austrian-style world, where thrift and savings are rewarded; a world where hard-money reigns and where there is a steady price deflation.
We have seen a few decades of Keynesian-style consumption and spending and money-printing and artificially-created low interest rates and massive inflation, which punish savers.
How much longer this current system can last is anyone's guess. It didn't last long when empires and nations in the past did it. Now we have the whole world doing it for the past 3-4 decades, and the problems are becoming very apparent, as the Austrians have warned.
I posted a piece in the past touching on this issue as well. It can be viewed here: http://silvernjin.blogspot.sg/2011/12/economics-in-5-pages_16.html
We must get back to Austrian-style world, where thrift and savings are rewarded; a world where hard-money reigns and where there is a steady price deflation.
We have seen a few decades of Keynesian-style consumption and spending and money-printing and artificially-created low interest rates and massive inflation, which punish savers.
How much longer this current system can last is anyone's guess. It didn't last long when empires and nations in the past did it. Now we have the whole world doing it for the past 3-4 decades, and the problems are becoming very apparent, as the Austrians have warned.
Wednesday, October 9, 2013
Fiat vs Precious Metals
Race to Debase. The annual result of fiat vs precious metals is out.
In the 21st Century, fiat currency has lost an average of 78.16% of its value to Silver.
In the 21st Century, fiat currency has lost an average of 81.04% of its value to Gold.
http://goldsilver.com/article/race-to-debase-2000-to-2013-q3-fiat-currencies-vs-silver-and-gold/
In the 21st Century, fiat currency has lost an average of 78.16% of its value to Silver.
In the 21st Century, fiat currency has lost an average of 81.04% of its value to Gold.
http://goldsilver.com/article/race-to-debase-2000-to-2013-q3-fiat-currencies-vs-silver-and-gold/
Just like the Fed's record of forecasting.
Hilarious Charts Of The Day: IMF's "Growth Forecasts" Over Time
http://www.zerohedge.com/print/479889China and Japan will not dump treasuries!
http://www.bloomberg.com/news/2013-10-08/china-and-japan-aren-t-going-to-dump-treasuries.html
Wrong. People are still making this kind of argument. Fact is, pretty soon, China and Japan will not worry about that few trillion they've spent, but the trillions in the future that they need to spend to prop treasuries up.
Wrong. People are still making this kind of argument. Fact is, pretty soon, China and Japan will not worry about that few trillion they've spent, but the trillions in the future that they need to spend to prop treasuries up.
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