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JR’s Suggested Reading List

JR’s Suggested Reading List

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Published by rmullis

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Categories:Topics, Art & Design
Published by: rmullis on Jan 15, 2012
Copyright:Attribution Non-commercial


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JR’s Suggested Reading List
The Debtors and Savers – 2Credibility Inflation – 12Big Gap in Understanding Weakens Deflation Argument – 26Euro Gold – 31Moneyness – 44Once Upon a Time – 83The Return to Honest Money – 99Life in the Ant Farm – 131Costata’s Silver Open Forum – 140Synthesis – 161Focal Point: Gold – 176Greece is the Word – 187It’s the Flow, Stupid – 203Who is Draining GLD? – 218Kicking the Hornet’s Nest – 229Freegold Foundations – 235Of Currency Wars – 249The Shoeshine Boy – 256Metamorphosis – 271Relativity: What is Physical Gold REALLY Worth? – 281Living in a Powder Keg and Giving Off Sparks – 289Shake the Disease – 303
 Bondage or Freegold? – 313
Money Talk Continued – 319
Confiscation Anatomy - A Different View – 326The Waterfall Effect – 331The Value of Gold – 338
 "It's the Debt, Stupid" – 359
 Bitcoin Open Forum - Part 3 – 370The View: A Classic Bank Run - 375
Wednesday, July 7, 2010
The Debtors and the Savers
Ever hear the one about the little old lady living in an old but paid-off house, with a shoe box full of goldcoins in the basement? Across the street lived a big guy, in a big McMansion. It had a special garage for theRV, and another four-car garage for the other four cars. He had a boat at the side and a trailer with two jetskis in front of the boat. Then one day little old lady noticed big guy was gone. The bank had taken backhis house.Most people thought big guy was rich and little old lady was poor. How wrong most people were.
Tiger's Tail
 I watched a pretty forgettable movie the other night on TV. It was just so-so from a film-maker'sperspective, but it had at least one redeeming quality from my blog-maker's perspective. It highlighted apoint I had been thinking about.The film is called "The Tiger's Tail", and the basic back story is identical twin brothers that were separatedat birth when one was given up for adoption. The adopted brother is destitute when he discovers he has atwin who is a very public multi-millionaire businessman. So, filled with envy and anger over being givenup as an infant, he hatches a plan to "steal" his brother's identity and life for just long enough to liquidatehis assets and make off with the cash.He is successful supplanting himself into his brother's life only to find that the vast wealth is builtcompletely on debt. What filled him with envy on the surface is nothing but a giant, net-negative hole oncehe looks behind the curtain.Here is an eight minute version of the movie that contains all the relevant scenes. We pick it up right at thepoint where the adopted twin first arrives at his brother's office, pretending to be him, ready to liquidate afew assets...My apologies to John Boorman. I'm really looking forward to your remakes of The Wizard of Oz andExcalibur, and I loved Deliverance and Exorcist II: The Heretic. ;)
Marx Had It Backwards
 Karl Marx predicted the breakdown of capitalism as a result of class struggle, followed by theestablishment of a grand commune in which all the means of production would become publicly owned andused only for the public good. Sounds pretty nice, huh?
"Imagine no possessions, I wonder if you can. Noneed for greed or hunger, A brotherhood of man. Imagine all the people, Sharing all the world..."
... and allthat peace and harmony stuff.Today we have many fine, intelligent and exacting analysts all looking at the same economic data andcoming up with vastly different analyses of the present global financial crisis. What sets them all apart fromeach other is not intelligence, or math skills, or even popularity. What sets them apart is the foundationalpremises on which they operate.And a false premise can skew a brilliant analysis 180 degrees in the wrong direction. Few analysts fullydisclose their premises. But Karl Marx did, and in this we can find the one, key flaw that sent his analysisoff in a disastrous direction.

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