Having Spent 10 Years Studying Emerging Markets,

Gold Has No Increasing Value. And If You're Really Worried About, Say, Inflation Rising, I Would Buy Spam. You Know, You Can Eat Spam. You Cannot Eat Gold.

Edward Conard Provides A Provocative Interpretation Of The Causes Of The Global Financial Crisis And The Policies Needed To Return To Rapid Growth. Whether You Agree Or Not, This Analysis Is Well Worth Reading.

A Currency Serves Three Functions: Providing A Means Of Payment, A Unit Of Account And A Store Of Value. Gold May Be A Store Of Value For Wealth, But It Is Not A Means Of Payment. You Cannot Pay For Your Groceries With It. Nor Is It A Unit Of Account. Prices Of Goods And Services, And Of Financial Assets, Are Not Denominated In Gold Terms.

All The Risky Things That Were Happening Back In ’06 And ‘07 Are Back Again To The Same Level, If Not More. So We Are In The Beginning Of A Credit Bubble, But Just The Beginning.

The Treasury Plan Is A Disgrace: A Bailout Of Reckless Bankers, Lenders And Investors That Provides Little Direct Debt Relief To Borrowers And Financially Stressed Households And That Will Come At A Very High Cost To The Us Taxpayer. And The Plan Does Nothing To Resolve The Severe Stress In Money Markets And Interbank Markets That Are Now Close To A Systemic Meltdown.