There is a difference between conforming your behavior and conforming your mind. It’s perfectly reasonable to respect murder prohibitions, but it’s not reasonable to accept conventional thinking without challenge. That doesn’t mean you should disagree with every idea or conviction held by another, but it does mean you shouldn’t include deference or majority opinion as an important factor in determining your conclusions — assuming you are knowledgeable and intelligent enough to understand the subject matter. Who cares what other people think, prove your case.
hedgy /hej-ee/
–noun
1. a slightly less than average intelligence, usually 20-something male, working for or managing a hedge fund that uses flashing color signals and/or lines drawn on charts (sometimes by fancy sounding computer programs written by broke never-invested-outside-a-mutual-fund PHD’s) to destroy wealth.
2. a person so incapable of independent thought they outsource all their decisions then refuse to accept responsibility for the consequences.
3. a person who hides their inability to understand even the most basic fundamental realities of their discipline with an ostentatious lifestyle funded by debt.
4. a person who everybody subconsciously wants to see fail at life.
If China decided to diversify even a small fraction of its current US dollar reserves into gold, they would certainly cause the price to increase dramatically which could prove to be quite a lucrative strategy, especially given the size of their domestic gold production today. Is it possible western powers are flexing their muscles by demonstrating how unprofitable such a move would be by dropping the price of gold and reversing the course of the dollar with such ease? I can imaging the conversation between a Chinese and American official would go something like this…
“Man will be what he was born to be, free and independent”. In just a little over 5 minutes, JFK tells the world of a vaste conspiracy to infiltrate and abuse government powers for the personal profit of individuals and/or corporations. Ask yourself why you’ve never heard this before, then you will believe him.
A few months ago Jim Rogers announced an interest in buying airlines, the interviewer (shocked and amazed) highlighted the obvious (as if he didn’t already know) that many are going bankrupt, and Jim responded by saying, “Good… bankruptcies are signs of a bottom, not signs of a top”. He is a regular customer of the industry, and he knows there exists strong demand for their service at current prices, which means they could probably get away with some price hikes to restore profitability.
The US federal debt now stands at about $9.6 trillion. Just let that number sink in for a moment… believe it or not, it gets worse. The debt is rising faster than income, a rapidly growing percentage of the debt is owed to foreigners, and the age of maturity is dropping like a rock.
