Author Archive

Popping the Quadrillion-Dollar Derivatives Bubble: Not If, But When

Europe has belatedly grasped that huge Credit Default Swaps are being sold to hedge short positions that cannot be filled. There is a run-up of precious metal, but it cannot continue because all that metal is going to be dumped to cover the enormous margin calls which, because of long hedges, cannot be met...
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Posted in Financial, OP/ED | 10 Comments »

Fort Fukushima, Nebraska

Fort Fukushima, Nebraska

The Omaha Public Power District has said that, as of today, they are trying to replace the punctured aqua dam that they said they didn’t need anyway but now they do because the water really IS going to flood the plant. If you have ever played with water toys you can imagine how much fun...
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Posted in OP/ED | 7 Comments »

Silver and Gold: Why Precious Metals Aren’t

Silver and Gold: Why Precious Metals Aren’t

“Silver and gold have always been a way to preserve wealth through recorded history.” That was then and this is now. If you stole Inca gold and took it to Spain, you were wealthy because Spain wasn’t trading with South America. It was plundering South America. If your country started to tank, you could...
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Posted in Financial, OP/ED | 41 Comments »

Let Them Eat Gold: The Precious Metal Bubble

Let Them Eat Gold: The Precious Metal Bubble

EDITED ON Independence Day: Here is a typical reply to this post: “Gold and silver have been storehouses of wealth since the beginning of time.” That’s right, they have – and they still are – FOR KINGS AND NATIONS which field armies and FEED them to protect their precious metals – which are only precious as storehouses...
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Posted in Financial, OP/ED | 9 Comments »

TEPCO Plans Dangerous Liquid Nitrogen Injections at Fukushima Reactor 2

TEPCO Plans Dangerous Liquid Nitrogen Injections at Fukushima Reactor 2

NHK is reporting that Tokyo Electric Power Company is planning to begin nitrogen injections into Fukushima’s Number 2 reactor containment vessel. Earlier this week, TEPCO tried to fill the reactor 2 containment with water. That did not work. So they OPENED the containment and released BILLIONS of lethal doses of radiation. Now they...
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Posted in OP/ED, World Views | 21 Comments »