A Cool Excerpt

I am not saying that I agree with this completely.  I am saying that it is inspiring of deep thought.

  So long as men live together on earth and need means to deal with one another–their only substitute, if they abandon money, is the muzzle of a gun…

Do you wish to know whether that day is comping?  Watch money.  Money is the barometer of a society’s virtue.  When you see that trading is done, not by consent but by compulsion–when you see that in order to produce, you need to obtain permission from men who produce nothing–when you see that money is flowing to those who deal, not in goods, but in favors–when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you–when you see corruption being rewarded and honesty becoming a self-sacrifice–you may know that your society is doomed.  Money is so noble a medium that it does not compete with guns and it does not make terms with brutality.   It will not permit a country to survive as half-property, half loot.

Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence.  Destroyers seize gold and leave to its owners a counterfeit pile of paper.  This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values.  Gold was an objective value, and equivalent of wealth produced.  Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it.  Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims.  Watch for the day when it bounces, marked: ‘Account overdrawn.’

When you have made evil the means of survival, do not expect men to remain good.  Do not expect them to stay moral and lose their lives for the purpose of becoming the fodder of the immoral.  Do not expect them to produce, when production is punished and looting rewarded.  Do not ask, “Who is destroying the world?”  You are.  

-Francisco d’Anconia

A Few Predictions for 2014


presdictionsheaderEvery January I try to make a few predictions for the upcoming year.  This is not astrology, tea leaf reading, or prophecy.  I am simply making some informed guesses based upon observations.  My track record is pretty good, but it is certainly less than 100%. Here are a few:

  1. The Dow Jones Industrial Average high on January 1st was 16,500+.  On the last trading day of the year, The Dow will be a net loss (under 16,500) for the year.  I am guessing that there will be a large correction period this year, but it could also be from fallout from a major political event, or a world event.
  2. There will be a major political change in North Korea.  I cannot see the Kim Jung Un regime lasting another 12 months.  I know that part of North Korea’s strategy is to appear weaker than it actually is (see Stratfor’s analysis), but I think the regime is more tenuous than many believe.  This regime change will likely come from an internal coup rather than an external invasion.  I must admit that this is more wish than anything, but I do believe this has a good likelihood.
  3. The NSA related security issue will be one of the biggest stories of 2014, just like it was this year.  However, part of 2014’s story will be about the private sector trying to both solve consumers’ desire for security.  There will be new products and maybe even new companies creating products and services to safeguard consumers’ private data.  Some of these will be mostly hoaxes, although there might be some new creative technology.  There will also be a rising popular push for keeping private information off of the internet


  1. There is a high likelihood of Israel being a much more significant newsmaker than last year.  The possibility of a strike on Iran has increased significantly after the last American and Iranian presidential elections.  The ramifications of this would also be huge.  Even if there is no Israeli strike on Iran, I believe there will be significant West Bank/Palestinian related violence, perhaps even another intifada.
  2. Gas prices will end the year lower than the $3.12 they are at now.
  3. Hollywood movies will be remarkably more upbeat in tone than they were in 2013.  This will be especially true of the Summer Blockbusters, which will feature less apocalypse porn  than in recent years.
  4. Hilary Clinton will formally announce her candidacy for President this Summer.  She will announce this Spring that she is going on a “listening tour” and will announce her presidency surrounded by a sense that people are crying out for her to run.