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Jim Cook



Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

Best of Bill Buckler
August 24, 2011
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In February 1848, a . . . momentous event took place in London. Karl Marx and Friedrich Engels published their “Communist Manifesto”. To quote the Manifesto directly: “The theory of the Communists may be summed up in the single sentence: Abolition of private property.” The Manifesto contained within it ten measures which were deemed essential “in most advanced countries”. As has been pointed out endlessly, all “advanced countries” today have implemented (in whole or in very large part) all ten of these measures. The most important ones – the ones which have long since been applied in full everywhere in the world - are the following:
2. A heavy progressive or graduated income tax.
5. Centralization of credit means of a national bank with state capital and an exclusive monopoly.
10. Free education (paid for out of state revenues) for all children in public schools.

These three were all it took, the other seven measures in the Manifesto were just window dressing. Marx and Engels knew that no nation which accepted any one of these three “measures” could defend its freedom and liberty. . .

On August 12, CNNMoney ran an article which started off by claiming that - “the computers have taken over Wall Street”. In reality, the computers did that nearly twenty years ago and have merely been tightening their grip ever since. The article went on to point out that one form of computer trading - “high-frequency trading” - now makes up 53 percent of ALL trading on US stock markets. That’s up from a “mere” 21 percent in 2005. It must be stressed here that high frequency trading is not the only form of computer trading on Wall Street, it is merely the biggest one.

This “high frequency trading” is now ramping up with terrifying speed. An executive at one large brokerage house on Wall Street stated that since August 1, more than 80 percent of ALL their trading has come from those using the “high frequency” method and that the volume of this trading has increased to five times the “average”. Remember, the Dow fluctuated by more than 400 points for four consecutive trading days between August 5 - 10. Almost all of this “volatility” was computer generated.

The one constant in all computer-generated investment programs in the US is that if the program says “no” to all other potential forms of investment, the fallback position is US Treasuries. We saw that in late 2008. We are seeing it again now. The computers don’t “know” that it really is different this time.


.Ó 2009 – The Privateer

(reproduced with permission)


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