How Fiat Dies: 22,727 Golden Geese

28-Nov-10

The total value of all US public companies is about $13.4 trillion with a P/E of 28 which means total earnings of about $0.5 trillion.  Bernanke’s printing presses make about twice as much money each year as the total earnings of all US public companies.

via howfiatdies.blogspot.com

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Changing the goal posts

19-May-08

Via dmorr.

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Jim Rogers “…he’s gonna print money until we run out of trees…”

29-Oct-07

Jim Rogers, along with George Soros, co-founded the Quantum Fund in 1970. During the following 10 years, the fund gained 4200% while the S&P advanced about 47%. He retired in 1980, and has since written several books, including “Investment Biker” and “Adventure Capitalist”, detailing his round the world trips, first via motorcycle and later by car.

In this interview with the Financial Times, he blasts Ben Bernanke, and endorses Ron Paul.

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The dollar falls to loonie levels

20-Sep-07

http://www.cbc.ca/money/story/2007/09/20/canadiandollar.html

“The Canadian dollar reached parity with the U.S. greenback on Thursday for the first time since November 1976.

The loonie briefly reached $1.0003 US on foreign exchange markets shortly before 11 a.m. ET, the Bank of Canada said. The loonie’s stint at parity was brief, however, as it later slipped back to just under $1 US.”

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