Month: June 2013

Secrets and Lies

Every credit has its debit, every positive its negative. So for every secret there must be a lie, and every lie must be kept secret. This is the currency of power today. Fiat truth. We are not allowed to have any secrets any more.  And yet those who insist they must know the truth about …

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ETFs a warning.

Some time ago (May 2012) I wrote two articles about ETFs suggesting they were The Next Accident Waiting to Happen. In that first part I described how they work and who owns and runs them. My argument was that, I think the signs are already there to suggest ETFs are where the instability and risk …

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