Gizmodo Goes Crazy, Reality Isn't What It Seems
market-ticker.org
market-ticker.org
This guy obviously has no clue about the realities of web publishing. How are ordinary users supposed to find the sites without the domain pointer? For most users, taking the domain name is the same as shutting the site down.
I'm not even sure there is a legal framework for shutting websites and internet infrastructure down.
It reminds me a little bit of Sterling's Hacker Crackdown - there is still an electronic frontier.
I don't think court orders automatically mean justice was served. Accusation was levied, and execution was carried out.
I'm not sure which 'deflation argument' you're referring to, but he has been arguing since 2006 that deflation would be the natural result of the financial crisis, even when Nouriel Roubini himself was arguing inflation (Roubini quickly reversed himself).
He was completely correct on that, it's deflation that the US Government and Federal Reserve are trying to prevent with massive stimuli and QE1/2. So far they've been successful, but at such a great cost there's no telling whether it's sustainable, or whether Bernanke can wind it down and gracefully exit eventually. Denninger argues no, b/c there's too much bad debt, and credit
Regarding gold, his fundamental thesis is that the data doesn't support the widely-held belief that gold is a good hedge for inflation or deflation, but it does appear to be a good hedge for geopolitical instability. He's posted data that disprove the former notion, which I'm not about to go try to dig up.
Gold has risen over the past ten years, but that time period was characterized by both currency instability, currency inflation, debt deflation, and geopolitical instability in the MidEast and somewhat N.Korea. Good luck trying to extract any causation out of that correlation. Till then, there's nothing to disprove his gold thesis.
He made parts of his website private to keep out the 'moonbats', conspiracy theorists, and 'collapse of the American Empire' cheerleaders, who tend to be most active in precious metals forums.
Whether he had an ulterior motive to hide being wrong about gold, I can't speak to that since I don't follow gold, or his gold forum very closely. Have any evidence of that accusation?
Edit: I'm not saying it's fair, just that it's allowed by the constitution.
In other words, due process doesn't mean "nobody's allowed to do anything until every side has had its fill of argument".