I’ll bet the title of this article sounds absolutely nutty to anyone who follows the gold market. As any “gold bug” can tell you, the price of gold is down from a high of $1,024 earlier this year to a current price of $734 per ounce. Similarly, there’ve been virtually no silver bullion coins for [...]
Entries from October 2008
October 21, 2008
What If US Collapses? Soviet Collapse Lessons Every American Needs To Know
I’m convinced that the U.S. economy is on the verge of collapse. If I’m right—what then? I envision food shortages, riots, possible (even probable) cities aflame. But I’ve thought for some time that to accurately predict what’s likely to happen after a U.S. economic collapse, we’d do well to study the aftermath of the economic [...]
October 21, 2008
FRCP 12(b)(6) “Failure to State a Claim for which Relief can be Granted”
For years, I’ve watched pro se plaintiff after pro se plaintiff have their complaints dismissed by federal courts based on a defendant’s pre-trial, Motion to Dismiss under Federal Rule of Civil Procedure 12(b)(6) “for failure to state a claim for which relief can be granted.” Although the federal courts’ repeatedly grant of 12(b)(6) Motions to [...]
October 13, 2008
Prepare to Celebrate! There’s a (Bank) Holiday in your Future
About four months ago, I realized that the total American debt (owed by federal, state & local governments, plus that privately owed in the form of mortgages, auto loans and credit cards, etc.) was at least $75 trillion. As I’ve written repeatedly, I divided that $75 trillion debt by the total U.S. population (300 million) [...]
October 13, 2008
The Power to Define and “this state”
For most of a year, I’ve been saying that the words are the “law of the law”. That is, I’ve realized that a intent of a “law” like “Thou shalt not kill” is determined by the meanings and definitions of the words and grammar that comprise the laws.
Broadly speaking, definitions are the “law [...]
October 6, 2008
An American Depression
During the week of September 26th thru October 3rd, the “bid” prices for: gold fell 3.7 % to $834.80; silver fell 16.1 % to $11.16; platinum fell 12.6 % to $962; palladium fell 12.2 % to $195; DJIA fell 7.3 % o 10,325.40; NASDAQ fell 10.8 % to 1,947.39; NYSE fell 10.1 % to 7,088.94; [...]
October 6, 2008
The (Legal) Tender Trap
Modern “prices” are whatever the market declares. I.e., today’s “price” for a particular “asset” is whatever someone is currently willing to pay. Yesterday’s price is not today’s, and today’s is not tomorrow’s. But what is the price for something that no one currently wants to buy?
