Showing: 1 - 8 of 95 Results
Obama: No warrantless wiretaps if you elect me [2008]

Obama: No warrantless wiretaps if you elect me [2008]

“For one thing, under an Obama presidency, Americans will be able to leave behind the era of George W. Bush, Dick Cheney and ‘wiretaps without warrants,’ he said. (He was referring to the lingering legal fallout over reports that the National Security Agency scooped up Americans’ phone and Internet activities without court orders, ostensibly to monitor terrorist plots, in the years after the September 11 attacks.) In our own Technology Voters’ Guide, when asked whether he supports shielding telecommunications and Internet companies from lawsuits accusing them of illegal spying, Obama gave us a one-word response: ‘No.'” Continue reading

Book Review: Damn Right! Biography of Charlie Munger

Book Review: Damn Right! Biography of Charlie Munger

“There are huge advantages for an individual to get into a position where you make a few great investments and just sit back and wait: You’re paying less to brokers. You’re listening to less nonsense. And if it works, the governmental tax system gives you an extra 1, 2 or 3 percentage points per annum compounded. And you think that most of you are going to get that much advantage by hiring investment counselors and paying them 1% to run around, incurring a lot of taxes on your behalf? Lots of luck.” Continue reading

Peter Schiff on Bullion Banks, and the Hidden Trove of QE Money

Peter Schiff on Bullion Banks, and the Hidden Trove of QE Money

“Perianne talks about the Fed and gold with Peter Schiff. Justine Underhill presents a chart to explain just exactly what the Fed has been doing vis a vis QE. Also, in the US, the big banks have had to submit ‘living wills’ to regulators — basically, a blueprint for their wind-down should they become insolvent — or, more insolvent, we guess. But the central bank of central banks, which is the Bank for International Settlements, just came out with its own plan for how to deal with too-big-to-fail. It’s ‘simple,’ they say. Just let the creditors and depositors take losses — a la Cyprus — and force the creditors to recapitalize a new banking entity.” Continue reading

My History With the Infinite Banking Concept (IBC)

My History With the Infinite Banking Concept (IBC)

“In this article, I will summarize Nelson Nash’s Infinite Banking Concept (IBC) for the novice, but I will do so in the context of my own experience in learning about it. Thus this article serves several purposes. First, I hope it clarifies for Austrian / libertarian readers why I became so interested in the economics of life insurance. Yet I also hope it further explains to people already in the IBC community why I think the IBC Practitioner’s Program is such an important component in bringing this message to a wider audience. Finally, it will hopefully prove useful as a general introduction to IBC for any reader, told in the style of ‘one guy’s journey.'” Continue reading

Three key lessons from recent travels around the world

Three key lessons from recent travels around the world

“One member is a sharp, contrarian hedge fund manager. He gave a brief presentation on why Greek stocks are a tremendous bargain right now, despite almost every other world market being overpriced near their all-time highs. Another friend of mine who is a real estate mogul said that much of the price rise we’re seeing in US housing is due to a wave of hedge funds that are buying vacant properties. He said he expects most of these hedge funds will liquidate within 18-24 months, flooding the market with homes and driving prices back down. When it came my turn to make some remarks, I told the group three things I’ve learned in my recent travels.” Continue reading

Clean bills or bust in Myanmar

Clean bills or bust in Myanmar

“When traveling in Myanmar, the last thing you want to put in your money pouch is your actual money. Across the country, the slightest tear, stain, corner crease or any imperfection will render a United States dollar-denominated bill unacceptable. The practice can be a special source of anxiety for travelers who have flocked to Myanmar since the country’s recent political reform and opening to the wider world. Only in the past year or so has Myanmar’s tourism economy matured beyond anything other than cash. With no access to overseas banks, a traveler who accidentally sat on their wallet and creased all the bills within had little recourse.” Continue reading

China’s Currency Could Appreciate 500% In Next Three Decades, Investor Jim Rogers Says

China’s Currency Could Appreciate 500% In Next Three Decades, Investor Jim Rogers Says

“Famed investor and co-founder of the Quantum Fund, Jim Rogers said in Shanghai that he expects renminbi, China’s currency, to appreciate 300, 400 or even 500 percent in the next 20 to 30 years, stunning and prompting a debate in the forex industry. Rogers also indicated that the yuan may replace the dollar one day, Daily Economic News, a Chinese financial and economic news portal, reported. ‘If anyone wants to sell renminbi, I’d be willing to buy,’ Rogers said. Compared to the yuan’s value in 2005, Rogers expects it to appreciate by as much as 500 percent in the future.” Continue reading

How China Spawned a Bitcoin Industry in Three Months (and Why it Might be Doomed)

How China Spawned a Bitcoin Industry in Three Months (and Why it Might be Doomed)

“Techweb reports that China’s bitcoin scene now has everything from professional bitcoin investment services to customized bitcoin mining chip manufacturing. And indeed, wherever we looked, it seems services have sprung up, or grown significantly in popularity. For example, where the West has Mt. Gox, China now has a variety of its own platforms including btcchina, btctrade, FXBTC, and Bter (among others). And while some of those have been around for quite a while, their popularity over the past few months has skyrocketed. The big question mark surrounding all of this, of course, is what China’s government will ultimately say about the all-digital currency.” Continue reading