The Ultimate Asset Bubble Is Gold.

Every Bubble Consists Of A Trend That Can Be Observed In The Real World And A Misconception Relating To That Trend. The Two Elements Interact With Each Other In A Reflexive Manner.

Economic History Is A Never-ending Series Of Episodes Based On Falsehoods And Lies, Not Truths. It Represents The Path To Big Money. The Object Is To Recognize The Trend Whose Premise Is False, Ride That Trend And Step Off Before It Is Discredited.

Merkel Has Realized That The Euro Is Not Working, But She Cannot Change The Narrative She Has Created Because That Narrative Has Caught The Imagination Of The German Public, And The German Public Has Accepted It.

Well, You Know, I Was A Human Being Before I Became A Businessman.

I Have Made It A Principle To Give Advice That Does Not Serve My Personal Interest But Rather The Common Interests.