the dollar vigilante blog

Eat The Rich

March 31, 2011
comments: 3

A friend and subscriber, Derek A., forwarded me this, err, I don't even know what you would call it.  I hope you don't call it "journalism"... It is entitled, "Tax the Super Rich Now, or Face a Revolution".

If you want to waste three minutes of your life, have a read through this, err... again, I don't even know what to call it.  Is this what journalism looks like in the US, nowadays??  There is barely a complete sentence throughout the entire piece.

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GDP is a Fallacy

March 30, 2011
comments: 2

Do you have a government registered financial advisor?  Does he or she drone on about how the stock market "always goes up"?  Or does he/she point to GDP growth figures as proof of an economic recovery?

I remember, when, as a young go-getter I decided I wanted to get involved in the "money business".  Stock markets... brokerages... banking... that appeared to be where the "money" was. And, in fact, it was and still is.  It won't be for much longer, but that is another story.

I never liked school but, circa 1993, I decided to enroll in Economics 101 at a government regulated college.  I walked out on the first day.  Half of what they talked about was obvious and the other half was obviously propaganda.

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Capitalism Breaks Out in Venezuela

March 29, 2011
comments: 4

Why won't communism/socialism die?  How many need to be killed?  It's already well into the hundreds of millions of direct deaths caused by communism. Yet, still, so many still cling to its philosophies.

Socialism, after all, is just communism-lite.  And LOTS of people still believe in socialism.  In fact, it could easily be argued, that socialism is by far the most popular form of government on the planet.  Every modern country, to one degree or another, is socialist.

Socialists like to think that all they are is really nice people.  They think it isn't nice that you have money and don't give it to people who have less money.  So they force you to, at the barrel of a gun.  Real nice.

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Make Love, Not Time-Limited, Scope-Limited Military Action

March 24, 2011
comments: 2

"I believe that all government is evil, in that all government must necessarily make war upon liberty and the democratic form is as bad as any of the other forms" - H.L. Mencken

Any reader of  length can unquestionably say one thing about us here at The Dollar Vigilante: We hate governments.

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John Melloy, of CNBC's Fast Money, Possibly Stupidest Man Alive

March 22, 2011
comments: 3

Whether on purpose or purely by accident, CNBC (the US Version at least, CNBC Europe and CNBC Asia sometimes have decent content) is a dangerous cesspool of misinformation and lies that can only serve one useful purpose: to see what kind of information Mom & Pop investor are receiving so you can place yourself on the opposite side of the trade.

It’s best to limit total annual exposure to CNBC to about 30 minutes.  For about 2 to 5 minutes per month I hold my breath and pinch my nose and avail myself of the utter sewage these people spew into the airwaves.

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Japan and Libya's Effect on Gold

March 21, 2011
comments: 2

Ed here.  Jeff is on a plane back from Galt's Gulch in Argentina to Mexico tonight and will be filing a full report to subscribers on that in the next few days so I am filling in with some thoughts on recent events.

The events of the last few days have centered around Libya and Japan - or at least the knock on effects of those events.  We saw the BOJ crank up its money printing, the ECB probably won’t tighten as much now, and the Fed won’t pull QE2 early.  So the market feels better about going higher.  This could take gold up to $1600 or so and then we get a decent correction; the one that started a couple weeks ago ended prematurely.

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A Visit to the World's First Libertarian Enclave

March 18, 2011
comments: 2

As readers know I have spent the last few weeks in South America.  In that time I have been in Lima (Peru), Asuncion (Paraguay), Santa Cruz (Bolivia) and Cafayate (Argentina).

I have come away with a lot of excellent information - most of which I'll be sending to subscribers in a special report and commenting on one country on this trip I found to be absolutely fantastic.  I will write more on that in the April issue of TDV on, purely coincidentally, April Fool's Day.

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No One Falls for Chinese Uranium Bluff

March 17, 2011
comments: 1

I awoke worlds away from world crisis hotspots like Japan and Libya in the northern Argentine province of Salta in the quaint town of Cafayate where I am checking out Doug Casey's "La Estancia de Cafayate" on behalf of subscribers.

Shaking off the cobwebs of one too many vino blancos from the night before the first headline to cross my screen stated "Safety Worries Shut Down China's Atomic Program".

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Tsunami May Sink the Uranium Sector & US Dollar

March 14, 2011
comments: 2

What a few days it has been.  It was and continues to be a humanitarian disaster of grand proportions - and one that happened on an island where there is more high end video and cellphone cameras than almost anywhere in the world - bringing us photos and videos that are both shocking and incredible.

The Bank of Japan has plunged in as all central banks are wont to do in this day and age, thinking it is somehow "helping" by counterfeiting trillions of Yen, but no amount of money printing can change reality - in fact it can only make things worse at it distorts price signals which investors use to make decisions on where to allocate scarce resources.

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Five Minutes Can Cost $3,000 in Peru

March 11, 2011
comments: 7

It could be worse.  A lot worse, I thought, as I dined on an excellent steak and a glass of a Cabernet Sauvignon at Vivaldino, a fine restaurant in the Larco Mar complex on the cliffs of the beautiful Miraflores district of Lima (picture I snapped below).  I wasn’t supposed to be here.  I was supposed to be in Santa Cruz, Bolivia.

For the first time, possibly in my entire life, I planned out this trip more than a month in advance.  I rarely purchase a plane ticket more than one or two days in advance and often used to go to the airport and just ask, “What’s your next flight?”

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