Fischer Black and Myron Scholes won the Nobel Prize for Economics. Scholes was  involved with Long-Term Capital Management that blew up on that formula. The fund, which started operations with $1 billion of investor capital, was extremely successful in the first years, with annualized returns of over 40%. However, following the 1997 East Asian financial […]

  The story of Giordano Bruno (1548–1600) is rarely told. I believe he is a figure from the past that is in need of rescue because he basically is perhaps the first person to envision a dynamic universe building upon Copernicus’ work. His essential theory saw the universe with many worlds and suns basically as we […]

Copyright January 7th, 2013 All Rights Reserved The climate of the earth is anything but regular with every year a repeat of the last. The White Earth Effect is the realization that what would happen if the earth was entirely covered in snow and ice. The bottom line – the Earth would then reflect the […]

Comments have already poured in regarding hyperinflation. A new report on Japan the Tipping Point will deal with the worse fiat monetary system in history. That should be ready shortly. Everything follows a bell curve. Some regulation is necessary to establish rules of conduct to provide the reason to come together to form society. But […]

The failure to raise the debt ceiling would not be negative regarding the creditworthiness of the US. It would signal that politics is becoming so intractable that a deadlock on the political front is reflecting the inability to confront any real debt issues. Policymaking has become insane with critical bills being stuffed with things nobody […]

Republican governors of Kansas, Nebraska and Louisiana are pushing to eliminate personal and corporate income taxes. While the Marxists/Socialist like Paul Krugman of the New York Times calls this “reverse Robin Hoodism”, the Founding Fathers were much more understanding when they prohibited direct taxation. An income tax requires one to surrender their privacy. Government needs […]

I really do not understand why people insist that HYPERINFLATION must take place. That ASSUMES government will print to meet its unfunded obligations rather than just change laws and fail to meet promises. They are cutting entitlements already. Yes Rome debased its currency to the point that its worth was 1/50th of its former value. […]

After decades of self-imposed pacifism and dependence upon the United States, Japan is beginning to carve out a new role in regional maritime affairs. Newly elected Japanese Prime Minister Shinzo Abe has launched a charm offensive across the Pacific, with Australia, India, Indonesia, the Philippines and Vietnam among the countries Tokyo is bidding to align […]

Well Obama did it. Gun shows and sales are soaring. When Katrina hit, there was no rule of law. People had to protect their own property from criminals who if Obama has his way, will be the only people armed. The police even abandoned the prisons leaving many to drown and without food. Their policy […]

A reader commented: “Since the debt melt down will happen after Obama leaves office in 2016. He will get off scott free of any blame.” That is NOT necessarily the case. Generally, people are getting fed-up with politicians. There are still the sublimely ignorant who will vote for their party regardless of the facts. But […]