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JamesGRickards

  1. "Gold..has no nationality" - #CharlesDeGaulle Feb 4, 1965
  2. I'm tired of people complaining about lack of a #gold standard. Go out today, buy some gold, put it away. Voila, you're on a gold standard!
  3. Where can you get @JamesGRickards @Nigel_Farage @maxkeiser @chris_monckton & @PaulNuttallMEP all in one place? Here: bit.ly/Jou2m9
  4. In Byzantium, a banker who counterfeited (issued money not backed by gold) had his hand cut off bit.ly/KI7xfA. #Redux #JamieDimon
  5. @fbonacci @graemehein There's this thing called "jump risk." There's this other thing called "nonperformance". Funny how they correlate
  6. #VaR supporters know flaws, say "it's better than nothing." Actually, no. "Nothing" forces you to think, a significant improvement for banks
  7. @surfsk8sno #VaR = Value at Risk, basically a covariance matrix of risk factors using regressions. Flaws too numerous to name. Past ≠ Future
  8. To distract from econ hard landing & #BoXilai, #China starts bashing foreign "snakeheads." nyti.ms/LEbX7t. Lucky me, going next week
  9. "The central question is why #JamieDimon was able to...convince...regulators that there was nothing to see" nyti.ms/KqTJFh. Exactly
  10. Another beautiful weekend, another week when #Greece did not leave the #Euro. #GreeceNotLeaving #EuroHereToStay
  11. A seasoned trader tweeted me "every..trader..knows VaR is used to fool upper management." Then mgt. uses it to fool #Fed #SEC. Great system!