We're almost beginning to dislike ourselves on account of all the negative things we've been writing about. We don't like it, but we must be realistic and call them as we see them. Unfortunately, we just don't foresee much that we feel good about, except perhaps the price of gold, but that's good because everything...

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The Cruelest Tax Of Them All

Sarel Oberholster

Who is John Galt? - Ayn Rand from Atlas Shrugged

Humanity has shown many times that we can be extremely cruel and equally capable at rationalizing it away. Taxation comes in many forms and is often not apparent. A well disguised tax is a boon for governments. The cruelest tax of all is a one hundred percent tax on income, disguised and capable of being rationalized as "good".

Imagine for...

The debate over deflation/inflation continues as some of our most astute economic observers take sides. It is interesting for me to see some great commentators take opposing positions on one of the most important...

The demise of the dollar

In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading

By Robert Fisk

Tuesday, 6 October 2009

In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead...