Zero Hedge — Hundreds Of Billions In Gold And Cash Are Quietly Disappearing

"Squirreling money under the mattress?" 😮

Zero Hedge
Hundreds Of Billions In Gold And Cash Are Quietly Disappearing

Tyler Durden

With the Hong Kong protests showing no sign of letting up, a new narrative has emerged; that anti-government activists are "sliding into terrorism with home-made bombs" designed to inflict mass casualties.

On Sunday, Hong Kong police reported that they foiled a second bomb plot in under a week - arresting three men who were allegedly testing home-made devices and chemicals in a secluded area, according to SCMP....

Zero Hedge
Hong Kong Police Report Second Bomb Plot Foiled

Tyler Durden

Don Quijones — The “War on Cash” in 10 Spine-Chilling Quotes

You can't make this stuff up.

Citigroup’s Chief Economist Willem Buiter responds to the monetary economist Charles Goodhart’s description of abolishing currency as “shockingly illiberal.”

(T)his cost has to be seen against the cost that the anonymity of currency presents to society. Even though hard evidence is hard to come by, it is very likely that the underground economy and the criminal community are among the heaviest users of currency.

This, I believe, is the hidden intent behind all the excited talk about banning cash: to do away with the personal anonymity it offers.

Raging Bull-Shit
The “War on Cash” in 10 Spine-Chilling Quotes
Don Quijones
(Reposting of April 15, 2015 post at Wolf Street)

Coming Full Circular Logic - Nobel Foundation Seeks Cash Boost With Hedge Funds

Commentary by Roger Erickson

Why have a Central Planning Committee hand out cash prizes for innovation?

Werks fer mi!

No wonder everything the Nobel Committees do seems more orthogonal to emerging reality, every year. Reality bubble anyone? They don't seem to even know what one is.

No amount of statistics applied to flawed concepts helps predict adjustments to unpredictable reality?

You'd think they'd get around to analyzing methods for how we adjust and evolve, instead of still deluding themselves with nonsense about prediction.

Zero predictive power, but (so far) unlimited adaptive power? So how come we're still fascinated with the alchemy of prediction? Forget Al Qada, it's our own Al Chemists that are morphing into new sects.