Do you have adblock enabled?
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Zero Hedge)   When people say the bankers rule the world, they're right. Goldman has people on the boards of the Fed, Bank of England and ECB   (zerohedge.com) divider line 32
    More: Obvious, Bank of England, European Central Bank, Mark Carney, government finance, Bis, the City of London, NY Fed, fractional reserve  
•       •       •

589 clicks; posted to Business » on 01 Jul 2013 at 5:19 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



32 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

Archived thread
 
2013-07-01 05:29:46 PM  
And Obama feels that big banks are above the law.

http://www.salon.com/2012/12/13/hsbc_too_big_to_jail/
 
2013-07-01 05:40:32 PM  
So...

who is sucking the fat-ass moderators to get greenlights without any comments?
 
2013-07-01 05:46:28 PM  
Our "fiat reserve" banking system is the biggest scam ever perpetrated on and by mankind. Its not a matter of if it will all come crashing down, its a matter of when.

Stop and think: the biggest financial decision most people make is buying a home. Did they teach you about home loans it in school? The fastest way to wealth is to invest. Did they teach you how in school? Why is financial and banking system education (other than how to be a good little fee payer) excluded from the curriculum of nearly all public schools - worldwide?

"Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world." -- Anonymous
 
2013-07-01 05:59:28 PM  
Old news?
 
2013-07-01 06:12:53 PM  

nmemkha: Our "fiat reserve" banking system is the biggest scam ever perpetrated on and by mankind. Its not a matter of if it will all come crashing down, its a matter of when.


You know it's a good point when it's backed up by a rambling, 45 minute YouTube made by a Canadian painter with a mullet.
 
2013-07-01 06:36:25 PM  

MrEricSir: nmemkha: Our "fiat reserve" banking system is the biggest scam ever perpetrated on and by mankind. Its not a matter of if it will all come crashing down, its a matter of when.

You know it's a good point when it's backed up by a rambling, 45 minute YouTube made by a Canadian painter with a mullet.


www.teachthought.com

Yeah and sloppy old Germans who look like hobos make up strange stories about invisible forces and bendable light.
 
2013-07-01 06:43:38 PM  

nmemkha: MrEricSir: nmemkha: Our "fiat reserve" banking system is the biggest scam ever perpetrated on and by mankind. Its not a matter of if it will all come crashing down, its a matter of when.

You know it's a good point when it's backed up by a rambling, 45 minute YouTube made by a Canadian painter with a mullet.

[www.teachthought.com image 850x1168]

Yeah and sloppy old Germans who look like hobos make up strange stories about invisible forces and bendable light.


Oh yeah, Einstein's YouTube lectures were the worst.
 
2013-07-01 06:46:13 PM  

MrEricSir: nmemkha: MrEricSir: nmemkha: Our "fiat reserve" banking system is the biggest scam ever perpetrated on and by mankind. Its not a matter of if it will all come crashing down, its a matter of when.

You know it's a good point when it's backed up by a rambling, 45 minute YouTube made by a Canadian painter with a mullet.

[www.teachthought.com image 850x1168]

Yeah and sloppy old Germans who look like hobos make up strange stories about invisible forces and bendable light.

Oh yeah, Einstein's YouTube lectures were the worst.


You must be more ignorant that I suspected with your "durrr what funny looking people say is irrelevant. derp" comment.

There was no YouTube in Einstein's day.
 
2013-07-01 06:54:42 PM  

nmemkha: MrEricSir: nmemkha: MrEricSir: nmemkha: Our "fiat reserve" banking system is the biggest scam ever perpetrated on and by mankind. Its not a matter of if it will all come crashing down, its a matter of when.

You know it's a good point when it's backed up by a rambling, 45 minute YouTube made by a Canadian painter with a mullet.

[www.teachthought.com image 850x1168]

Yeah and sloppy old Germans who look like hobos make up strange stories about invisible forces and bendable light.

Oh yeah, Einstein's YouTube lectures were the worst.

You must be more ignorant that I suspected with your "durrr what funny looking people say is irrelevant. derp" comment.

There was no YouTube in Einstein's day.


Oh right, he used Google Video, my bad.
 
2013-07-01 07:04:56 PM  
MrEricSir: [Inane Babble]

Do you wish to actually refute the arguments he makes or you do just wish to continue with your sophomoric ad-homiem thread-shiatting?
 
2013-07-01 07:15:18 PM  

nmemkha: MrEricSir: [Inane Babble]

Do you wish to actually refute the arguments he makes or you do just wish to continue with your sophomoric ad-homiem thread-shiatting?


Right, because it's totally worth my time to watch a 45+ minute video made by a Canadian painter who thinks he has the entire world figured out, then present my counter argument to a low-information Farker who is in the middle of a temper tantrum.
 
2013-07-01 09:19:57 PM  

MrEricSir: nmemkha: MrEricSir: [Inane Babble]

Do you wish to actually refute the arguments he makes or you do just wish to continue with your sophomoric ad-homiem thread-shiatting?

Right, because it's totally worth my time to watch a 45+ minute video made by a Canadian painter who thinks he has the entire world figured out, then present my counter argument to a low-information Farker who is in the middle of a temper tantrum.


Ignorance is bliss.
 
2013-07-01 09:23:16 PM  

nmemkha: MrEricSir: nmemkha: MrEricSir: [Inane Babble]

Do you wish to actually refute the arguments he makes or you do just wish to continue with your sophomoric ad-homiem thread-shiatting?

Right, because it's totally worth my time to watch a 45+ minute video made by a Canadian painter who thinks he has the entire world figured out, then present my counter argument to a low-information Farker who is in the middle of a temper tantrum.

Ignorance is bliss.


You certainly seem to think so.
 
2013-07-01 11:00:21 PM  

MrEricSir: nmemkha: MrEricSir: nmemkha: MrEricSir: [Inane Babble]

Do you wish to actually refute the arguments he makes or you do just wish to continue with your sophomoric ad-homiem thread-shiatting?

Right, because it's totally worth my time to watch a 45+ minute video made by a Canadian painter who thinks he has the entire world figured out, then present my counter argument to a low-information Farker who is in the middle of a temper tantrum.

Ignorance is bliss.

You certainly seem to think so.


You know who can't be taught? Someone who already knows it all.
 
2013-07-01 11:14:49 PM  

nmemkha: MrEricSir: nmemkha: MrEricSir: nmemkha: MrEricSir: [Inane Babble]

Do you wish to actually refute the arguments he makes or you do just wish to continue with your sophomoric ad-homiem thread-shiatting?

Right, because it's totally worth my time to watch a 45+ minute video made by a Canadian painter who thinks he has the entire world figured out, then present my counter argument to a low-information Farker who is in the middle of a temper tantrum.

Ignorance is bliss.

You certainly seem to think so.

You know who can't be taught? Someone who already knows it all.


Exactly. And a guy who creates long, dull lectures and posts them on YouTube despite having no credentials on the subject matter fits that definition perfectly.
 
2013-07-02 12:40:20 AM  

nmemkha: Our "fiat reserve" banking system is the biggest scam ever perpetrated on and by mankind. Its not a matter of if it will all come crashing down, its a matter of when.

Stop and think: the biggest financial decision most people make is buying a home. Did they teach you about home loans it in school? The fastest way to wealth is to invest. Did they teach you how in school? Why is financial and banking system education (other than how to be a good little fee payer) excluded from the curriculum of nearly all public schools - worldwide?

"Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world." -- Anonymous


Because public schools are designed to create factory works. Lower class kids went to public school and rich kids went to boarding school. No one has bothered to seriously attempt changing it in this country. But ya conspiracy down with the man hack the planet...
 
2013-07-02 12:43:59 AM  
Source: zerohedge.com

farm4.staticflickr.com

I hate to be that guy, but, c'mon: zerohedge links? Really?
 
2013-07-02 07:58:34 AM  

nmemkha: Our "fiat reserve" banking system is the biggest scam ever perpetrated on and by mankind. Its not a matter of if it will all come crashing down, its a matter of when.

Stop and think: the biggest financial decision most people make is buying a home. Did they teach you about home loans it in school? The fastest way to wealth is to invest. Did they teach you how in school? Why is financial and banking system education (other than how to be a good little fee payer) excluded from the curriculum of nearly all public schools - worldwide?

"Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world." -- Anonymous


How to tell if someone doesn't understand economics: they think the monetary system should be based on a finite, mostly useless metal.
 
2013-07-02 08:11:09 AM  
The TV says this is okay, and the TV is never wrong. Let's talk of sports and get drunk.
 
2013-07-02 08:55:26 AM  

Tyrone Slothrop: nmemkha: Our "fiat reserve" banking system is the biggest scam ever perpetrated on and by mankind. Its not a matter of if it will all come crashing down, its a matter of when.

Stop and think: the biggest financial decision most people make is buying a home. Did they teach you about home loans it in school? The fastest way to wealth is to invest. Did they teach you how in school? Why is financial and banking system education (other than how to be a good little fee payer) excluded from the curriculum of nearly all public schools - worldwide?

"Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world." -- Anonymous

How to tell if someone doesn't understand economics: they think the monetary system should be based on a finite, mostly useless metal.


Now now... let's not get ahead of ourselves.

The world functioned pretty well using gold as a standard of exchange for thousands of years.  Now sure, it led to mercantilism by the major powers to hoard gold, especially Spain.  With gold becoming an end in-and-of-itself.  This is most notable with their colonies in the Americas, where they plundered as much gold as they could without establishing a lasting outpost (vs. Britain & France).

Yet, to say that a banking system should not be based on a precious metal which is impossible to recreate (ie. diamonds) has worked win before.
Now considering population growth, technology growth, and overall expansion in the monetary system has created barriers which would be prohibitive from going back to the gold standard.  It is rude and lacking in basic historical education to say that a system based on precious metals has no understanding in economics.

The hubris of that statement flaunts itself at history.  The history of Bretton Woods agreement, America's role in the world post WW2, and people's desire to place value in tangible goods.
 
2013-07-02 09:06:17 AM  

Spadababababababa Spadina Bus: Source: zerohedge.com

[farm4.staticflickr.com image 250x272]

I hate to be that guy, but, c'mon: zerohedge links? Really?


How to tell you're a corporate tool...

Instead of listening to people/arguments -you attack them based on illogical fallacies.

This case:

Abusive Ad Hominid attack (Zero hedge is dumb... they are not corporate supported... nothing they say is ever true)
Consider the Source (Zero hedge is always wrong... if they say the sky is blue, I know it's not..)


So instead of reading the basic fact that Goldman Sachs has Mark Carney on the board of the Bank of England and that Goldman has people on every central bank is of no concern to you.
Because instead of reading the article, thinking about what it said, and articulating a point, you chose to be a CORPORATE TOOL.

Except you don't get paid for it, like the clowns on TV.
Grow a brain and try using it, instead of writing off everything that does not fit into your neat little box... try actually debating a point, instead of throwing out Logic101 mistakes.
 
2013-07-02 09:11:20 AM  
Looks like Amateur Hour on Fark.com this morning. Every twelve year old who's read one of those gold-bug conman books is coming out the woodwork, wanking and blaring about "Fiat Currency" (whatever the f**k their dim minds think that means). Must be a day ending in "Y".
 
2013-07-02 09:16:17 AM  

NostroZ: So instead of reading the basic fact that Goldman Sachs has Mark Carney on the board of the Bank of England and that Goldman has people on every central bank is of no concern to you.
Because instead of reading the article, thinking about what it said, and articulating a point, you chose to be a CORPORATE TOOL.



I'm sure the article contains a great deal of wisdom and truth. For example, that mankind has an insatiable appetite for wealth and power.

Or that kicking the right backs, greasing the right palms, and making friends in high places is a shortcut to success.

Or that people will go to any lengths to obtain or maintain wealth and power, including destroying the lives of millions of other people.

If any of that comes as a revalation to you, I've got this book for you. It's by this guy called Aesop- no surname, I guess he was like Madonna or Bono or something. Anyway, it's chock full of stories like this. They're even told using cute wild animals, like grasshoppers and frogs and hares. Entertaining and educational!
 
2013-07-02 09:20:36 AM  

jso2897: Looks like Amateur Hour on Fark.com this morning. Every twelve year old who's read one of those gold-bug conman books is coming out the woodwork, wanking and blaring about "Fiat Currency" (whatever the f**k their dim minds think that means). Must be a day ending in "Y".


Except that this article has nothing to do with the Gold Standard or Fiat Currency.

Did you even read the article or does your brain short circuit so quickly when talking about finance/economics that you start spouting off your hatred for anything that does not conform to your viewpoint.

Sort of like when ANY Democrat or Democratic program is mentioned to a Republican they start talking about how Obama is a false president b/c (Muslim, Communist, Kenyan, etc.)
Instead of reading the article and discussing how Goldman has their people on every central bank... here you are smearing crap all over the walls about a topic that the article did not even mention.

Brilliant analysis professor.
Maybe next you can explain evolution via the Bible.
 
2013-07-02 09:28:33 AM  

Spadababababababa Spadina Bus: NostroZ: So instead of reading the basic fact that Goldman Sachs has Mark Carney on the board of the Bank of England and that Goldman has people on every central bank is of no concern to you.
Because instead of reading the article, thinking about what it said, and articulating a point, you chose to be a CORPORATE TOOL.


I'm sure the article contains a great deal of wisdom and truth. For example, that mankind has an insatiable appetite for wealth and power.

Or that kicking the right backs, greasing the right palms, and making friends in high places is a shortcut to success.

Or that people will go to any lengths to obtain or maintain wealth and power, including destroying the lives of millions of other people.

If any of that comes as a revalation to you, I've got this book for you. It's by this guy called Aesop- no surname, I guess he was like Madonna or Bono or something. Anyway, it's chock full of stories like this. They're even told using cute wild animals, like grasshoppers and frogs and hares. Entertaining and educational!


I'm sure it is educational and I hope folks who are being introduced to the world of banking / finance would find it a fascinating read.  As did the generations of students studying the Greek classics before them along with its iconic human nature interaction in a complex system.

Yet, to write off specifics about our system with generalities that have been known for centuries ignores the reality of being in the present moment.  To say that Aesop has said everything in 600 BC about wealth and power is a tragic sophomoric mistake made by someone who is choosing to disengage from the modern world.  To cover current events with a blanked woven thousands of years ago about human nature sounds sophisticated on its face, but digging deeper, one realizes it is a lazy approach to not have to evaluate the current situation.
 
2013-07-02 10:23:05 AM  

Tyrone Slothrop: nmemkha: Our "fiat reserve" banking system is the biggest scam ever perpetrated on and by mankind. Its not a matter of if it will all come crashing down, its a matter of when.

Stop and think: the biggest financial decision most people make is buying a home. Did they teach you about home loans it in school? The fastest way to wealth is to invest. Did they teach you how in school? Why is financial and banking system education (other than how to be a good little fee payer) excluded from the curriculum of nearly all public schools - worldwide?

"Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world." -- Anonymous

How to tell if someone doesn't understand economics: they think the monetary system should be based on a finite, mostly useless metal.


You know how I know you didn't watch it?

The video does NOT advocate returning to the gold standard. It merely shows how we went from the standard to our current system.

Also, understand economics? LOL! I bet you have no clue how our banking system really works.
 
2013-07-02 11:14:01 AM  

NostroZ: Tyrone Slothrop: nmemkha: Our "fiat reserve" banking system is the biggest scam ever perpetrated on and by mankind. Its not a matter of if it will all come crashing down, its a matter of when.

Stop and think: the biggest financial decision most people make is buying a home. Did they teach you about home loans it in school? The fastest way to wealth is to invest. Did they teach you how in school? Why is financial and banking system education (other than how to be a good little fee payer) excluded from the curriculum of nearly all public schools - worldwide?

"Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world." -- Anonymous

How to tell if someone doesn't understand economics: they think the monetary system should be based on a finite, mostly useless metal.

Now now... let's not get ahead of ourselves.

The world functioned pretty well using gold as a standard of exchange for thousands of years.  Now sure, it led to mercantilism by the major powers to hoard gold, especially Spain.  With gold becoming an end in-and-of-itself.  This is most notable with their colonies in the Americas, where they plundered as much gold as they could without establishing a lasting outpost (vs. Britain & France).

Yet, to say that a banking system should not be based on a precious metal which is impossible to recreate (ie. diamonds) has worked win before.
Now considering population growth, technology growth, and overall expansion in the monetary system has created barriers which would be prohibitive from going back to the gold standard.  It is rude and lacking in basic historical education to say that a system based on precious metals has no understanding in economics.

The hubris of that statement flaunts itself at history.  The history of Bretton Woods agreement, America's role in the world post WW2, and people's desire to place value in tangible goods.


Precious metal based financial systems did not, at all, in any way, work well by modern standards, though. The Spanish example you cite, beyond the horrible human misery it caused at places like Cerro Rico, utterly destroyed the Spanish economy by flooding it with useless metal without increasing its productive capacity. More recently, the history of the United States shows that before the establishment of the Fed, full blown depressions were a regular occurrence. Since then, there has been one, and central banks have learned how to use monetary policy to avert financial crises of the severity of 1929. While the current recession/ weak recovery is undeniably serious, it pales in comparison to what came before. Beyond all that, precious metal based financial systems are singularly unsuited to growing economies. Since the supply of the metals cannot be increased rapidly, and since there is a finite upper limit on the amount of such metals available, deflation is inevitable. Deflation is one of the worst things that can happen to an economy, as evidenced by the 20+ years of contraction or stagnation Japan has experienced while unable to break its deflationary cycle.

As for your whole "corporate tool" rant, I think it's pretty reasonable to discount articles from a site on which a main contributor writes under the surname "Tyler Durden". As ways of filtering out idiotic crap go, that one seems reliable.
 
2013-07-02 11:32:34 AM  
neon_god: The hubris of that statement flaunts itself at history.  The history of Bretton Woods agreement, America's role in the world post WW2, and people's desire to place value in tangible goods.

Precious metal based financial systems did not, at all, in any way, work well by modern standards, though. The Spanish example you cite, beyond the horrible human misery it caused at places like Cerro Rico, utterly destroyed the Spanish economy by flooding it with useless metal without increasing its productive capacity. More recently, the history of the United States shows that before the establishment of the Fed, full blown depressions were a regular occurrence. Since then, there has been one, and central banks have learned how to use monetary policy to avert financial crises of the severity of 1929. While the current recession/ weak recovery is undeniably serious, it pales in comparison to what came before. Beyond all that, precious metal based financial systems are singularly unsuited to growing economies. Since the supply of the metals cannot be increased rapidly, and since there is a finite upper limit on the amount of such metals available, deflation is inevitable. Deflation is one of the worst things that can happen to an economy, as evidenced by the 20+ years of contraction or stagnation Japan has experienced while unable to break its deflationary cycle.

Yet, the world powers used gold as an exchange standard and had plenty of economists on their side with it.  Only because gold is as you have said deflationary and results in a concentration of power within a small group that is not representative of actual productivity, it creates a lord-subject type relationship.  This is absolutely antithetical to what we would imagine a healthy society to be.  In fact, to switch back to a gold standard would heavily favor the rich and make social mobility that much harder.

The issue that remains at hand is the overly risky position of the Federal Reserve (vs. Canadian central bank as a base comparison... which does not have the drunk sailor attitude to money printing and risky financial products...  they have not had the boom/bust cycles we have had... Canada even avoided the Great Depression).  Therefore, the underlying issue that people decry is that of risky banking done out of profit seeking to the small group of insiders at the cost of the stability of the financial system.

As for your whole "corporate tool" rant, I think it's pretty reasonable to discount articles from a site on which a main contributor writes under the surname "Tyler Durden". As ways of filtering out idiotic crap go, that one seems reliable.

You are arguing a logical fallacy my friend, 'consider the source'.  Only because Zero Hedge is an independent website and the main contributor is a lover of fight club / alter-ego nihilism, does not exclude what he says as false.  The information that Zh provides can be alarmist and anti-establishment, absolutely, but they are talking about FACTS.  How they analyze them is a point of discussion, but the FACTS remain unchanged and in this case, I appreciate learning more about who runs the Bank of England, than knowing less.  As a person who tries to recognize his own bias, I like to read a variety of sources to better separate the chaff of facts from the stock of opinions.

Otherwise, I'm just consuming the mono culture of the BIG 6 Networks
You know what happens to sheep that follow the herd... they get slaughtered.
 
2013-07-02 11:37:05 AM  

neon_god: As for your whole "corporate tool" rant, I think it's pretty reasonable to discount articles from a site on which a main contributor writes under the surname "Tyler Durden". As ways of filtering out idiotic crap go, that one seems reliable.


FYI - I've spoken with a number of programmers who work at Hedge Funds (Citadel is one that comes to mind) and THEY read Zero Hedge... especially for the heavy analysis of market manipulation via flash trading.

So... while you may discount the source... people who actually make money off the market read that website.

But keep listening to MSNBC and the WallStreet Journal... I'm sure they've got your best interests in mind.
 
2013-07-02 12:15:44 PM  

NostroZ: neon_god: The hubris of that statement flaunts itself at history.  The history of Bretton Woods agreement, America's role in the world post WW2, and people's desire to place value in tangible goods.

Precious metal based financial systems did not, at all, in any way, work well by modern standards, though. The Spanish example you cite, beyond the horrible human misery it caused at places like Cerro Rico, utterly destroyed the Spanish economy by flooding it with useless metal without increasing its productive capacity. More recently, the history of the United States shows that before the establishment of the Fed, full blown depressions were a regular occurrence. Since then, there has been one, and central banks have learned how to use monetary policy to avert financial crises of the severity of 1929. While the current recession/ weak recovery is undeniably serious, it pales in comparison to what came before. Beyond all that, precious metal based financial systems are singularly unsuited to growing economies. Since the supply of the metals cannot be increased rapidly, and since there is a finite upper limit on the amount of such metals available, deflation is inevitable. Deflation is one of the worst things that can happen to an economy, as evidenced by the 20+ years of contraction or stagnation Japan has experienced while unable to break its deflationary cycle.

Yet, the world powers used gold as an exchange standard and had plenty of economists on their side with it.  Only because gold is as you have said deflationary and results in a concentration of power within a small group that is not representative of actual productivity, it creates a lord-subject type relationship.  This is absolutely antithetical to what we would imagine a healthy society to be.  In fact, to switch back to a gold standard would heavily favor the rich and make social mobility that much harder.

The issue that remains at hand is the overly risky position of the Federal Reserve (vs. Canadian cen ...


The problem is that under a barrage of information, it becomes necessary to sort it somehow. I've read many articles on Zero Hedge and been almost universally unimpressed. Sooner or later, you have to start discounting them altogether. Their 'FACTS!!!!!1!!' are available elsewhere, and with far better commentary attached. As for your hedge fund friends, I'd put my economic credentials up against theirs any day. Programmers are not necessarily economists, but I am. You seem to fall into the trap of mistaking 'alternative' journalism for superior journalism. While that is sometimes the case, I can assure you that here it is not.
 
2013-07-02 12:16:43 PM  

Tyrone Slothrop: nmemkha: Our "fiat reserve" banking system is the biggest scam ever perpetrated on and by mankind. Its not a matter of if it will all come crashing down, its a matter of when.

Stop and think: the biggest financial decision most people make is buying a home. Did they teach you about home loans it in school? The fastest way to wealth is to invest. Did they teach you how in school? Why is financial and banking system education (other than how to be a good little fee payer) excluded from the curriculum of nearly all public schools - worldwide?

"Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world." -- Anonymous

How to tell if someone doesn't understand economics: they think the monetary system should be based on a finite, mostly useless metal.


Well you couldn't have the fiat money system we have today without it, not sure what your connectors are plated with.

/Computers make the arbitrary possible.
//Mom works in low level fundraising and the new thing is that when you sign up for a monthly plan on CC they take it NOW and it renews the NOW of every month, can't change the dates can't delay to synchronize with you pay check must have processing fees NOW
///Computers CAN do this but why bother, it's why my bank cannot accept payments or delays payments(to utils etc) on holidays, the computers have a better deal than the workers.
//// that all depends on gold
 
2013-07-02 12:26:23 PM  

neon_god: You seem to fall into the trap of mistaking 'alternative' journalism for superior journalism. While that is sometimes the case, I can assure you that here it is not.


Point taken and certainly if I had put my money in gold when they were cheerleading it all the way to the top, I'd have lost money.  Zero Hedge, also has devolved from an insider trader perspective on the market to an alarmist conspiratorial one.

Still, I'd like to think that once in a blue moon, they may discover something that the other networks are too afraid to publish.  This article not being one of them.  (LIBOR scandal ZH was early on)
 
Displayed 32 of 32 comments

View Voting Results: Smartest and Funniest


This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »
Advertisement
On Twitter






In Other Media


  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.

Report