It’s basically extremely overpriced. People are not getting their money’s worth, objectively, when you do the math. And at the same time it is something that is incredibly intensively believed; there’s this sort of psycho-social component to people taking on these enormous debts when they go to college simply because that’s what everybody’s doing. [...] My suspicion is that [US colleges and universities are] just good at identifying talented people rather than adding value.

I highly recommend you watch this 2009 documentary.

Joe Weisenthal drinks the Kool-Aide

http://www.businessinsider.com/how-the-cantor-exchange-movie-trading-platform-works-2010-3

The CFTC really should be called to account for launching something like this – while the fire is still burning on the various CFTC approved products/contracts responsible for the last two years of economy collapse…

But here’s what I think. Since every media outlet in the world is going to cover this – and everybody who has every ‘dreamed of hollywood’ will be instantly addicted to all news coming out of this . . . the crisis of the last two years will be – like – forgotten (unless you happen to have become homeless or lost your job or house or something).

This is going to be a spectacular bubble and burst and I almost feel bad for having invented it.

Jim Rodgers on gold:

Via the excellent John Salvatier and via the insightful Mike Giberson

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