Yes, on the Private Sector Payroll Changes thread.

Anybody else worried that if suddenly there was a total and utter loss of confidence in the currency and gold shot up, that governments would make it illegal to own it?

So unless you are worth millions, I wonder how safe it is to have gold if you end up having to sell it in the black market to get some cash.

Just wondering…

I agree with your contractual argument but I can’t help but wonder how many of these bonds are in the hands of the investment bankers or venture capitalists who bought them at pennies on the dollar and are hoping to get 30 cents but pleading for as close as possible to 100.

–

I was given little sample boxes of cigarettes by a pretty lady when I was 13 years old at the gate of the Springfield, Mass. Exposition. She worked for R.J. Reynolds and was there to give out free boxes of cigarettes to kids. This was in 1978. This is how I got addicted to smoking cigarettes for the next 30 years and have now royally destroyed my lungs and my voice and my body.

Go corporations.

Always for the greater good.

Word.

What are they teaching in academic history departments these days? These things can be one and the same.
Pro-business is NOT pro-free market.In free markets businesses fail.

Corporations: are treated as persons under the law, but there is precious little Constitutional about that. You can’t jail a corporation, nor deprive it of life, or liberty. We have lots of laws (mostly legal precedents, but many statutes) that do not conform to Constitutional restrictions. We’d be smart to start taking back our liberties (conservatives beware — our Constitution is the most liberal of documents). Bottom line: if it doesn’t infringe on your rights, I can do it. That’s liberty.

As for gold, I’ve owned a good bit of it (foreign coin, actually) for about 3.5 years. Glad I bought it, So far, it’s increased and held its gains well. If you don’t believe in it, that’s okay by me — 99% of the world population does (and has since the beginning of human history), and I have no overwhelming need to trade with the 1% that doesn’t. Why is gold valuable? Who cares? Maybe we’re just like Bower birds when it comes to gold.

IOW, “Things” v. “Paper”

LSS: too much paper v. too few things, or as the Economic Fractalist would say: the Physical World has reached its Debt-saturation point.

peep would do well to brush-up on their Relative Pricing skillz..

b/c the non-linearity going fwd: is going make things like this: “smooths it out over the previous 10 year average of earnings.” look awkward.

though, P/E 10 would be Great if it visioned the last 5, and the next 5..
http://www.thefreedictionary.com/visioned

Thanks. I always read your posts with interest.