My oh my Peter, on the 24, Wednesday of this month you said “don’t worry [about gold] they will be stampeding out of paper and the US dollar.”

He then went on to say, “You talk about a flight to safety for the dollar, I don’t think people will make that mistake again.”
Oh really Peter?
Gold prices fell for the first time in 10 days and oil slid as jitters over debt problems in the Middle Eastern city of Dubai drove the dollar higher and pounded stocks.
The drop in riskier assets …

So I read on how the emerging world could suffer because of Dubai.
Throughout the year there has been an increase in general risk-taking, but investors need to start being "more discriminating," the broker said.

It highlighted high yielding local currency markets such as Brazil, Indonesia, Hungary and Poland as among the most crowded along with Russian bank and corporate bonds.
Turkish markets also aren’t properly pricing in risk, with the cost of buying protection on sovereign debt around 1.5 percentage points cheaper than it should be, the broker added.
Lars …

Oh yes, sell, sell, sell…  Why? Because Dubai is collapsing and so will everything else.
YEAH RIGHT! Dubai is irrelevant folks! The middle east is only relevant from an oil perspective. And that right now they are going to need to sell quite a bit of it. But hey they owe 40 Billion Euros, right?
Credit Suisse has estimated that European banks could have €40 billion (£36 billion) in loans to Dubai and much of this could be at risk if the Gulf emirate defaults. Banks including HSBC and Royal Bank of …

For entertainment purposes:

and…

and…

finally..

I cracked up laughing when I heard this. There is not enough gold to go around and we have hit peak gold. You mean there is not enough gold to go around to bunker and do nothing with? This was on CNBC and the commentator himself said, “all of the gold that has ever been mined is still around, and most of it is bunkered.” Peak oil while I am thinking economically will not happen, peak gold is a contradiction in words. Heck we could have peak peak diamonds (oops …

In 2007 I wrote a blog entry entitled “Who Shives a Ghit About Global Warming.” In that blog entry I did not deny that there was a problem. In fact not disputing that at all. I just pointed out that NOTHING will happen and that we should be doing something about the ramifications of climate change.
Jens said the following:
I’ll admit I’m not perfect in my own handling of it, but I personally feel with your site (which seems dedicated to “not” helping the world) is only worstening the problem by …

Everybody always wonders where the next trend, what the next thing is…
It’s TED…
Many of you must be thinking, TED? You mean some fellow named TED? No, not some fellow named TED. I am saying TED: Small ideas worth spreading.
It is a brilliant new soapbox that talks about our society. It is neither liberal, nor conservative. It is what it is. For example I listened to a talk from Becky Blanton, and was completely moved.

Or how about the landscape of oil.

The two talks are what they are. They are not making …

In the you have got to be kidding me on market manipulation department.
The world is closer to a peak in oil supply than International Energy Agency estimates admit, UK newspaper The Guardian reported in its Tuesday edition, citing an unidentified "whistleblower" at the IEA.

A “whistleblower” at the IEA who cannot be identified…
The whistleblower, who reportedly refused to be identified for fear of reprisals, told the newspaper that: "Many inside the organization believe that maintaining oil supplies at even 90 million to 95 million barrels a day would be impossible, but …

The American Military is making fun of a bomb diving rod.
Despite major bombings that have rattled the nation, and fears of rising violence as American troops withdraw, Iraq’s security forces have been relying on a device to detect bombs and weapons that the United States military and technical experts say is useless.
The small hand-held wand, with a telescopic antenna on a swivel, is being used at hundreds of checkpoints in Iraq. But the device works “on the same principle as a Ouija board” — the power of suggestion — said …

For those that follow my blog, and if you had read my July 15, 2009 blog entry you would have read:
You see I have this thinking that GM management still does not get it. If you looked at the framework of the deal GM America still held a huge chunk of Opel and could buy it back. I am getting the feeling that GM feels that this is just a “road bump” and when things get better everything will be back to normal. However, I don’t think that will happen …