The Swiss people may vote to once again to partially back their currency with gold. This is a fantastically good idea. I know I will find a way to own at least a few Swiss francs if that happens.
Just a little window into the state of affairs currently.
On the one hand the security people are doing their jobs and the videographer does appear to wander onto private property. (Though it is not marked and he immediately retreats back to the public sidewalk.) The rent-a-cops would probably lose their jobs if they didn’t confront the kid. On the other hand it’s pretty creepy that a mere camera elicits this kind of response. The intimidation methods employed are also pretty suspect. At one point one of the security guards reaches into his breast pocket clearly trying to give the impression that he is reaching for a weapon. (Whether he was is not clear.) That is not OK.
Remember, this is just a kid with an iPhone.
It is also interesting to note that once security realizes the kid is well versed in his rights their tone changes considerably.
We keep going down this path and the results just keep disappointing. There’s more smoke. There’re more mirrors. But there’s less and less high quality economic activity.
In the attached article Glenn Reynolds examines the new, increasingly stratified America.
You bet there is. It’s what we are fighting for. An economic system based on real prices, open markets, and sound money would serve the world so much better than the centrally planned, top down, command and control, fiat money system we must now endure.
We’ve had an amazing run in the markets and many people think the bull will just keep on running. Maybe so. But eventually every bull runs out of steam even ones which are fed by the Fed.
Can’t you just feel the excitement in the economy? It’s palpable. Boom. Boom. Boom. Good times! Happy days!