Friday, December 21, 2012

Galbraith's Bezel

So I recently saw the film "Prometheus".  Its interesting, no doubt, (R. Scott does not make uninteresting anything) but the suspension of disbelief was unfortunately punctured by several instances that would only make sense if humans were not humans.  But I will not spoil things for the uninitiated.  Keeping an open mind with respect to multiple interpretations is a healthy thing.

And so that wonderful spacecraft known as "Galbraiths Bezel" is about the land squarely upon the AU platform.  There will be much braying about the definition of a "safe" asset from people who put a significant portion of their savings (and it appears to me that the retail investor, as always, is left holding the bag) into gold and securities and financial instruments with a claim on the returns derived from gold holdings (yes, it is laughable that anyone would simply trust gilded financial institutions to buy and hold anything when prices drop substantially).

So here come the lawsuits.  Oh, I could name some of the culprits most likely to receive indictments/wells notices/congressional summons/etc.  But who wants to provide spoilers to a rapidly unfolding plot?  Just sit back and enjoy.


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