Perhaps the most outstanding USA political figure of the last 2 generations, certainly the most underappreciated & misunderstood, two days ago Ron Paul bid his farewell speech to the USA Congress after 23 years of service. Notice the reluctant applause at the end of the speech, a reliable sign that some truths were uttered. Best of … Continue reading Ron Paul bids farewell to the USA Congress & America loses a true hero
Author: TheYogiRock
TYR 15 November 2012 reads
The Bernanke-Obama-Keynes Toxic Triangle Dead End @ Zerohedge In this article originally published in Forbes Mark Spitznagel explores Frédéric Bastiat's observation: “The bad economist pursues a small present good, which will be followed by a great evil to come, while the true economist pursues a great good to come, at the risk of a small present evil.” … Continue reading TYR 15 November 2012 reads
Detox from the pathetic 2012 USA elections with some soothing music from Madredeus: As Ilhas dos Açores
You can find decent analysis of the 2012 USA elections at Zerohedge, but whoever cares to look knows they don't mean much in our neofeudal world. Decisions are taken by somebody else, somewhere else, most of the times long ago. You might instead perhaps listen to some soothing music by the traditional portuguese group Madredeus. … Continue reading Detox from the pathetic 2012 USA elections with some soothing music from Madredeus: As Ilhas dos Açores
AI passing a Turing Test by 2029 is a “conservative” goal, says Ray Kurzweil
Ray Kurzweil is arguably today’s most influential technological visionary. A pioneering inventor and theorist, he has explored for decades how artificial intelligence can enrich and expand human capabilities. Now, in his new book How to Create a Mind: The Secret of Human Thought Revealed, he takes this exploration to the next step: reverse-engineering the brain to understand precisely … Continue reading AI passing a Turing Test by 2029 is a “conservative” goal, says Ray Kurzweil
The Broken Window Fallacy
It is very usual in this economic crisis to hear about the beneficial effects on the economy of all sorts of "stimulus" measures, money printing, public works expenditures, subsidies, even the destruction of goods or war as a way to "improve" the economy. All of these measures so loved by Keynesians of all stripes are … Continue reading The Broken Window Fallacy
“They were too big to fail in 2008, they were too big to jail in 2009”
Bill Moyers interviews Neal Barofsky former Special Inspector General in charge of policing TARP (SIGTARP). Mr. Barofsky speaks with clarity about the roots of the present financial crisis, on why nobody has been prosecuted in Wall Street, on why another crash is inevitable, on why “playing ball with Wall Street” is the way to go if … Continue reading “They were too big to fail in 2008, they were too big to jail in 2009”
TYR 26 October 2012 reads
The SAME Unaccountable Government Agency Which Spies on ALL Americans Also Decides Who Gets ASSASSINATED by Drones @ Washington's Blog The world that is coming...or perhaps is already here. David Einhorn Explains How Ben Bernanke Is Destroying America @ Zerohedge explaining how the Fed's policies are not only not helping the economy, they are now actively destroying this … Continue reading TYR 26 October 2012 reads
TYR 22 October 2012 reads
Lessons In Fiat Reality: "Why I Learned To Trade Less And Love The Farm" @ Zerohedge Hedge fund manager Stephen Diggle argues for farmland as the best risk-adjusted invesment for the next decade. Central bank generated inflation, a slowdown in agricultural productivity, a still growing global population and a global trend towards meat consumption in … Continue reading TYR 22 October 2012 reads
“… the ongoing assurances of central bank liquidity seem to ensure an eventual crisis beyond the liquidity capacity of central banks”
Doug Noland, one of the few financial analysts that foresaw the 2008 crisis before it happened, this week, in his weekly Credit Bubble Bulletin, "celebrates" the 25th anniversary of the October 1987 crash. The complete article here, some excerpts here: "Portfolio insurance played an important role in the precipitate sell orders that overwhelmed and helped … Continue reading “… the ongoing assurances of central bank liquidity seem to ensure an eventual crisis beyond the liquidity capacity of central banks”
Leaning on the Everlasting Arms
Leaning on the Everlasting Arms is a hymn published in 1887 with music by Anthony J. Showalter and lyrics by Showalter and Elisha A. Hoffman. Showalter said that he received letters from two of his former pupils saying that their wives had died. When writing letters of consolation, Showalter was inspired by the phrase in the Book of Deuteronomy 33:27 "The eternal God is … Continue reading Leaning on the Everlasting Arms
The Yogi Rock 