Silver Update: Price Controls

BrotherJohnF discusses silver’s technicals, the Japanese decision to devalue the Yen, China’s massive gold imports of nearly 900 tonnes in 2012, and the implementation of price controls in Argentina in his latest Silver Update:
Price Controls [Read more...]

Jim Grant with Lauren Lyster: Fed’s Price Controls of Interest Rates Will Fail with Fireworks!

fireworksThe lovely Lauren Lyster, formerly of Capital Account and now the new host of Yahoo’s Daily Ticker, interviewed SD’s favorite Fed-basher Jim Grant regarding the Fed’s latest FOMC statement.

Grant stated that if creating credit was able to successfully reactivate business activity the world would have been richer many generations ago, that the Fed’s actions are counter-productive, that QE funds injected into the economy is money in search of mischief, and that Bernanke’s manipulation of interest rates will fail spectacular with major fireworks as the price of interest rates find their own free market valuation.

As always, Jim Grant’s interview is a MUST WATCH!! [Read more...]

$25 For 1 Gallon of Gas in NJ

Unlike the government red tape and price controls which have resulted in up to 7-10 hour waits for gasoline in New Jersey as an estimated 80% of NJ gas stations remain closed (either out of gas, no electricity to pump it, or both), the free market is willing to provide necessary fuel…at the right price of course.
Which apparently is currently $25 a gallon in East Rutherford, New Jersey. [Read more...]