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Published by: caitlynharvey on Dec 21, 2012
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12/29/2012

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 White Bits
"If I had to choose a religion, the Sun as the universal giver of lifewould be my god." – 
Napoleon Bonaparte
"As soon as we abandon our own reason, and arecontent to rely upon authority, there is no end to our troubles." – 
Bertrand Russell, "An Outline of Intellectual Rubbish"
"Government is not the solution to our problem. Government is the problem." – 
Ronald Reagan
"Don't worry about a thing,'Cause every little thing, gonna be all right" – 
Bob Marley, "Three Lile Birds"
"'Wow, that orange spray tan really suitsyou!'... Said no one, ever." – 
Anonymous
To learn more about Grant's new investment newsleer,
 Bull's Eye Investor,
THINGS THAT MAKE YOU GO
Hmmm...
A walk around the fringes of nance
By Grant Williams
18 DECEMBER 2012
 
2
THINGS THAT MAKE YOU GO
Hmmm...
18 DECEMBER 2012
Contents
THINGS THAT MAKE YOU GO HMMM.......................................................3
Latest Eurozone Summit Ends in Stalemate.......................................................16Merkel's Dispassionate Approach to the Euro Crisis..............................................16Ambrose Evans-Pritchard Interviewed by Lars Schall............................................17It's Time.................................................................................................19How a Platinum Coin Could Solve the Debt-Ceiling Problem...................................20French in Denial as Crisis Deepens..................................................................21Leszek Balcerowicz: The Anti-Bernanke...........................................................22In Bo Xilai's City, a Legacy of Backstabbing........................................................24Roach Motel Monetary Policy........................................................................25
CHARTS THAT MAKE YOU GO HMMM.....................................................27WORDS THAT MAKE YOU GO HMMM......................................................31AND FINALLY................................................................................32
 
3
THINGS THAT MAKE YOU GO
Hmmm...
18 DECEMBER 2012
ThingsThat Make You Go
 Hmmm
...
It all started, believe it or not, in the mid-1950s.A decade that began with Britain's recognition ofTaiwan and troops from the North Korean Armycrossing the 38th Parallel on their way to Seoul in Juneof 1950, and ended with the signing of the AntarcticTreaty, by which twelve countries including the USAand the USSR (remember them?) set aside Antarctica
as a scientic preserve and banned all military activity
on that continent, saw enormous changes take placein a post-WWII world that was struggling to come toterms with its new identity.The Suez Crisis in 1956 heralded the beginning of theend for the once-mighty British Empire, and the CubanRevolution brought to power Fidel Castro who, when
he stepped down from ofce 52 years and 62 days
later, had become the world's longest-serving ruler(eclipsing Kim Il-sung of Korea by almost seven years).But somewhere in between the Taipei "Hello" and the"Keep off the Snow," an amazing discovery took placethat would have its moment in the sun half a centurylater.
The origins of this world-changing nd are largely unknown, though it is commonly believed to
have originated purely by accident when a nurse treating a diabetic patient accidentally spilledsome dihydroxyacetone (DHA) on his chest whilst changing his drip. The following day, the nursenoticed that the patient's skin was discoloured.In no time at all, a product incorporating this discovery hit the marketplace in America thatwas, rather curiously, aimed at the less likely half of the human demographic. Its name said itall: Man-Tan.Prior to the 1920s, a deep tan was considered déclassé—the result of a peasant life working onthe land—but all that was to change when Coco Chanel stepped off a friend's yacht in Cannesin the blisteringly hot summer of 1923 sporting a nasty case of sunburn. Just like that, a tanbecame the must-have accessory for the glitterati:

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