Showing posts with label Harvard. Show all posts
Showing posts with label Harvard. Show all posts

Tuesday, January 6, 2015

Saturday, April 16, 2011

Texas University Endowment Storing About $1 Billion in Gold Bars

OK, where are all the people that called me stupid, reckless, dumb, and crazy two years ago?

http://www.bloomberg.com/news/2011-04-15/texas-university-endowment-holds-almost-1-billion-in-gold-bars.html

My next prediction:  the University of Texas endowment fund will surpass Harvard's within the next few years.  Why?  Gold vs. derivatives.  Physical vs. paper.  Tangible assets vs. USDollar.  No contest.

By the way, I blogged about this last August, 2010:  <click here>.  Gold is up 30% since then, while silver has almost tripled, leaping almost 200%.

Saturday, March 27, 2010

Niall Ferguson on sovereign debt (repeat)

This is a repeat blog from last month, but I'd like to highlight one paragraph.

http://www.ft.com/cms/s/0/f90bca10-1679-11df-bf44-00144feab49a.html?nclick_check=1


Yet even a casual look at the fiscal position of the federal government (not to mention the states) makes a nonsense of the phrase “safe haven”. US government debt is a safe haven the way Pearl Harbor was a safe haven in 1941.

Monday, January 11, 2010

Argentina's central banker

Didn't Federal Reserve Chairman Ben Bernanke and Time's Man of the Year attend Harvard?

http://www.zerohedge.com/article/argentina-central-bank-mutiny-costs-local-bernanke-equivalent-his-job-criminal-charges

How Harvard blew up

Lawrence Summers, former Harvard President and now Obama's lead economic adviser, almost drove Harvard's enormous endowment fund into insolvency by placing wrong-way bets on interest rate swaps. Now he's doing it again with our government finances.

http://www.bloomberg.com/apps/news?pid=20601109&sid=aHQ2Xh55jI.Q

Monday, June 1, 2009

Our government

William F. Buckley Jr.: "I would rather be governed by the first 400 names in the Boston telephone book than by the faculty of Harvard University."

Washington, DC and Sacramento, California: take note.