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Posted: **31 Dec 2014, 22:08**

Commodity Prices Are Cliff-Diving Due To The Fracturing Monetary Supernova

To mix three metaphors into one headline.

http://www.zerohedge.com/news/2014-12-3 ... e-iron-ore[/quote]

Posted: **01 Jan 2015, 00:00**

biffvernon wrote:
Commodity Prices Are Cliff-Diving Due To The Fracturing Monetary Supernova
To mix three metaphors into one headline.

http://www.zerohedge.com/news/2014-12-3 ... e-iron-ore

Fixed the link for you.

Posted: **01 Jan 2015, 00:17**

Those kinds of sites are as much a part of the problem they progress to warn us about as any other in that they promote another, bear flavoured, form of naked capitalist speculation. They are just as much wedded to the insane economic model that has led the natural world and the human world to the brink as any of the other capitalist, free-market ideological nutters out there.

Posted: **01 Jan 2015, 08:38**

Thanks for fix another_exlurker
Hat-tip for zero-hedge fund link goes to that well-known naked capitalist speculator, Nicole Foss.

Posted: **01 Jan 2015, 16:04**

stevecook172001 wrote:Those kinds of sites are as much a part of the problem they progress to warn us about as any other in that they promote another, bear flavoured, form of naked capitalist speculation. They are just as much wedded to the insane economic model that has led the natural world and the human world to the brink as any of the other capitalist, free-market ideological nutters out there.

After spending a couple of years reading articles from both The Automatic Earth and Zero Hedge, I have yet to find in any of their writing the bit that says: "And here's how YOU, the investor, can make LOTS AND LOTS of money with the information we provide."

The person writing under the pseudonym of "Tyler Durden" is hardly someone I'd describe as being part of the problem. You do know where that name comes from, right?

Posted: **01 Jan 2015, 16:07**

biffvernon wrote:Thanks for fix another_exlurker
Hat-tip for zero-hedge fund link goes to that well-known naked capitalist speculator, Nicole Foss.

No worries biff.

Posted: **01 Jan 2015, 22:44**

another_exlurker wrote:
stevecook172001 wrote:Those kinds of sites are as much a part of the problem they progress to warn us about as any other in that they promote another, bear flavoured, form of naked capitalist speculation. They are just as much wedded to the insane economic model that has led the natural world and the human world to the brink as any of the other capitalist, free-market ideological nutters out there.
After spending a couple of years reading articles from both The Automatic Earth and Zero Hedge, I have yet to find in any of their writing the bit that says: "And here's how YOU, the investor, can make LOTS AND LOTS of money with the information we provide."

The person writing under the pseudonym of "Tyler Durden" is hardly someone I'd describe as being part of the problem. You do know where that name comes from, right?

http://rationalwiki.org/wiki/Zero_Hedge

Posted: **01 Jan 2015, 23:28**

stevecook172001 wrote:
another_exlurker wrote:
stevecook172001 wrote:Those kinds of sites are as much a part of the problem they progress to warn us about as any other in that they promote another, bear flavoured, form of naked capitalist speculation. They are just as much wedded to the insane economic model that has led the natural world and the human world to the brink as any of the other capitalist, free-market ideological nutters out there.
After spending a couple of years reading articles from both The Automatic Earth and Zero Hedge, I have yet to find in any of their writing the bit that says: "And here's how YOU, the investor, can make LOTS AND LOTS of money with the information we provide."

The person writing under the pseudonym of "Tyler Durden" is hardly someone I'd describe as being part of the problem. You do know where that name comes from, right?
http://rationalwiki.org/wiki/Zero_Hedge

You're using RationalWiki to support your argument?

The writers of RationalWiki are proponents of neo-liberal economic theory and Game Theory, so it's hardly surprising to find that they try and dismantle anything that dares to question those theories and the status quo.

Posted: **01 Jan 2015, 23:41**

And Zero Hedge is a proponent of Austrian Economics. In other words, its author/s fully subscribe to an Ayn Randian model of the world. He/She/They just think that the "fear" element is missing form the fear and greed equation. That's all. Presumably, once it is re-established, the wondrous, "re-Austrianised" "free market" will magically "self-regulate" and all will be well with the world once more.

Views such as those put out by the likes of Zero Hedge are just another version of the same systemic problem. It's the entire free-market, neo-con, Ayn-Randian, capitalist system that is the problem and it doesn't matter whether more or less emphasis is placed on one or more aspects of its functioning. It is inherently dysfunctional and anti-life-on-Earth and must be smashed utterly.

Posted: **02 Jan 2015, 09:20**

another_exlurker wrote: You're using RationalWiki to support your argument?

Oh but surely one can rely on a post that opens with such a coherent argument as

Zero Hedge is a batshit insane...

I presume 'batshit' is an American unit of insanity?

Posted: **02 Jan 2015, 12:57**

At current exchange rates, it's about 1 batshit = 10 boxes of frogs = 100 nutjars.

I like ZH as it often offers an intelligent, informed and differing point of view to the mainstream, plus I enjoy watching the Randists get eviscerated in the comments section.

What's not to like?

E2A: Here's some 'Austrian Economics' that might be useful.

Posted: **02 Jan 2015, 14:45**

I see neither of you have elected to counter the point that Zero Hedge is, in essence, a proponent of the Austrian School of Economics, being one of the more rabid variants of the capitalist system. A system that is in direct opposition to life on earth, never mind human life. But have, instead, chosen to make supercilious side points in the hope, presumably, that this little inconvenient truth is overlooked.

How interesting.

Posted: **02 Jan 2015, 16:05**

Sorry Steve, but I couldn't spot the connection between Ayn Rand and the Zero Hedge article I posted at the top of this discussion, so I left that point to others.

Posted: **02 Jan 2015, 18:02**

biffvernon wrote:Sorry Steve, but I couldn't spot the connection between Ayn Rand and the Zero Hedge article I posted at the top of this discussion, so I left that point to others.

It's fair enough, Biff, about the individual article. I have not read it sufficiently to pass comment on it specifically with regards to my more general problem with sites of that type. But, my general point stands about that site and other similar sites. It seems to me they are offering no more than a different version of the same inherently flawed system as a solution. In other words, they merely think capitalism isn't "naked" enough.

Posted: **02 Jan 2015, 20:18**

stevecook172001 wrote:I see neither of you have elected to counter the point that Zero Hedge is, in essence, a proponent of the Austrian School of Economics, being one of the more rabid variants of the capitalist system. A system that is in direct opposition to life on earth, never mind human life. But have, instead, chosen to make supercilious side points in the hope, presumably, that this little inconvenient truth is overlooked.

How interesting.

You were the one who linked to an article with a blatant neoliberal economic bias to dismiss Zero Hedge.

The Austrian School forms the basis of all modern economic theory, including Keynesian and neoliberalism which oppose it within the capitalist paradigm. As you know so much about the Austrian School of Economics, you are surely aware that they oppose central bank stablisation and stimulation programs, eg QE, as they create unsustainable bubbles, as well as being right about the business cycle, rigid wages (aka wage stagnation) and reject fiat currency.

From what I have studied (admittedly not, it would seem, as much as you purport to have) of the Austrian School, I haven't seen anything that could be described as "rampant", except in how a free market should be allowed to operate, ie it should be genuinely free from central bank and government interference, eg taxpayer bail outs. I haven't found anything that opposes regulation of business on, say, environmental grounds nor against minimum/living wages.

Yes, Ayn Rand and Ludwig von Mises came to startlingly similar conclusions, even if they started from opposite ends (Rand: Objectivism, Mesis: Subjectivism).

If anything, ZH is closer to Hayek than Mises and Rand.

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Commodity price chaos

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