Saturday The smell of rot is in the air. European bank problems have become so bad that the media are actually covering it. There is usually a law of inverse proportion between the direness of the situation and the triviality of the media news. Maybe that is justified by the reality that the closer that the world approaches Armageddon, the more weirdly trivial the … [Read more...]
Gold Commentary
The quality of Gold commentary in the media, and in particular the so-called alternative media, is reliably abysmal. They burble on endlessly, while the wide-eyed and breathless nod in wonder. Some are simply frauds and charlatans with a cynicism that knows no bounds; others are just woefully misinformed. This is not a modern phenomenon; it is difficult to find sensible … [Read more...]