Day: September 25, 2006


Derivatives–The Mystery Man Who’ll Break the Global Bank at Monte Carlo

When I do radio interviews or lecture presentations, I’m often asked: “Mister Rawles, what do you see as a likely ‘worst case scenario’?” People expect me to say “a full scale nuclear exchange in World War III” or, “a stock market crash”, or “a flu pandemic”, or “a sudden end to the current real estate bubble.” But most of them are surprised when I respond: Economic collapse triggered by the popping of the derivatives bubble. Many people that are involved in the periphery of the investing–including most small investors–have never even heard of derivatives. They may have heard of ‘hedge …


Odds ‘n Sods:

Reader D.M. mentioned this site on anonymous web surfing. I personally recommend these tried and true tools: Anonymizer and StealthSurfer.    o o o I have a good friend that is an attorney who specializes in privacy, trusts, and incorporation. If you’d like to contact her, just send me an e-mail with “Trust Attorney” in the title, and I will be happy to forward it to her.    o o o Courtesy of “akfanatic” at the FALFiles, here is a U.S. Army web site comparing commercial portable water filters.


Jim’s Quote of the Day:

"The liberties of our country, the freedom of our civil constitution, are worth defending at all hazards; and it is our duty to defend them against all attacks. We have received them as a fair inheritance from our worthy ancestors; they purchased them for us with toil and danger and expense of treasure and blood. It will bring an everlasting mark of infamy on the present generation, enlightened as it is, if we should suffer them to be wrested from us by violence without a struggle, or be cheated out of them by the artifices of false and designing men." …