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DAV mentioned this story that might portend a market change: Russian government takes over gold mining sector

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Some analysis from Steve Schifferes of BBC News: Financial crises: Lessons from history. I disagree that government intervention is the best solution. Inevitably "market intervention" ends up being a wealth transfer from one group of citizens to another, to the detriment of the former, and to the benefit of the latter. In the context of the current liquidity crisis, "intervention" will probably be in the form of loan guarantees which will put taxpayers on the hook for hundreds of billions of dollars. In the long run, all debt, good or bad, must be "unwound." This unwinding can be painful, but it generally best to let the free market take its course and return to equilibrium.

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Sometimes a toy is not a toy: Laser perimeter security sets. It looks like two or three sets would be required for serious use. Just be advised that these will show up like searchlights when seen through night vision gear. (A hat tip to Hawaiian K.for spotting these.)

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This page contains a single entry by Jim Rawles published on August 29, 2007 8:56 PM.

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