Aggregated Awareness

"It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so." - Mark Twain

From Professor Fekete comes another excellent article, the gist of which is that, without a restoration of the "international bill market", then any entertainment of the idea of a 'sound money' system will fail.

From Robert Gottliebsen at the Business Spectator comes this commentary about the sleeper issue at this year's Australian Federal Election: Assistant Treasurer Nick Sherry's plans to decimate the existing Personal Services Income Legislation, which would drastically affect independent contracting in Australia.

Assorted News & Commentary: General, Markets, Political & Science/Tech focus from around the world:

From the BBC comes news that Australia's Federal Election has been called for Saturday 21st August by Prime Minister Gillard in a press conference today.

From the South China Morning Post (SCMP) & the Fitch rating agency via Zerohedge.com comes a headline that you won't see in the mainstream media. Period.

Whenever the Chinese property bubble bursts, and ALL bubbles eventually do, this will have far reaching ramifications, for all of China's trade partners but especially for Australia...

"...the world was always inhabited by people, who always had the same passions..." - Niccolò Machiavelli - from the work of 1503 entitled "Del modo di trattare i sudditi della val di chiana ribellati" or (On the Way to Deal with the Rebel Subjects of the Valdichiana"