Diminishing Productivity of Debt

More thought on the “Chart Of The Century"

I have been waiting on comments from Martin Armstrong about this chart because he is, in my opinion, one of the few who truly “gets it” , but unfortunately Marty is currently in Federal Prison on what some call “trumped up charges of fraud”  I will get in to this at a later date but, for now just say the man is an economic genius.  This is what Martin had to say about the Chart.  I have typed his words as he does not have access to a typewriter and the original comments were hand written.  you can read more from Martin here.  Martin has indicated that is OK to spread his message though he reserves the copyright.  If you want to read the article just click on  “Read More”

Ex-Goldman trader blows whistle on silver and gold manipulation by JPMorgan, HSBC - NYPOST.com

Ex-Goldman trader blows whistle on silver and gold manipulation by JPMorgan, HSBC - NYPOST.com: "Metal$ are in the pits
Trader blows whistle on gold & silver price manipulation
By MICHAEL GRAY
Last Updated: 4:33 AM, April 11, 2010
Posted: 2:10 AM, April 11, 2010
Comments: 35
| More � Print
EXCLUSIVE

There is no silver lining to the activities of JPMorgan Chase and HSBC in the precious-metals market here and in London, says a 40-year veteran of the metal pits.

The banks, which do the Federal Reserve's bidding in the metals markets, have long been the government's lead actors in keeping down the prices of gold and silver, according to a former Goldman Sachs trader working at the London Bullion Market Association."

Thailand Erupts in violence Again and more he said she said

Violence plagued Thailand once more on Saturday.

One source reports as many as 21 killed and 858 reported injured in Saturdays unrest in Thailand.  The prime Ministers office from reports I have read said they use non-leathal bullets and the bodies at autopsy revealed live ammo as cause of death.  So now the name calling and finger pointing begins in earnest which will further confuse and neither side will believe the other. 

Deputy Prime Minister Suthep Thaugsuban said at a briefing yesterday, that  “Groups of people equipped with weapons, including guns and grenades, infiltrated the protesters,”
For more photos click read more.

Weekend Edition - Casey's Daily Dispatch

Weekend Edition - Casey's Daily Dispatch: "THE Most Important Chart of the CENTURY

In the interest of presenting all sides I include this link to Casey Research article debunking the Chart of The Century.  Bud Conrad, who I frequently read has another view of this chart. 

(It isn’t as amazing as they say)
By Bud Conrad

I’ve seen this chart on more blogs and pointed to by more people than any chart I can think of. It is given the name of THE Most Important Chart of the CENTURY, complete with capital letters to add to the hype.

I get frustrated with economists bashing each other, as none of them really know the future, and the sport is rather pointless. But this chart has gotten too much hype, so I just have to let a little air out of its balloon."