Article Archives - 1 of 18
Clarke and Dawes ask the million dollar questions YouTube
Australian comics explain the sovereign debt crisis in terms we can understand.
Tribute Video to Steve Jobs by Gizmodo.com
Steve Jobs’ 2005 Commencement Address
“When I was 17, I read a quote that went something like: ‘If you live each day as if it was your last, someday you’ll most certainly be right.’ It made an impression on me, and since then, for the past 33 years, I have looked in the mirror every morning and asked myself: ‘If today were the last day of my life, would I want to do what I am about to do today?’ And whenever the answer has been ‘No’ for too many days in a row, I know I need to change something.”
The Skeptical Inflationist by Steve Saville
“The reason we are in the inflation camp is that the case for more inflation in the US doesn't depend on private-sector credit expansion; it depends on the ability and willingness of the Fed to monetize sufficient debt to keep the total supply of money growing.”
Wall Street Journal Exemplifies Mis-information on Gold by James West
“Readers need to bear only several things in mind when contemplating gold as an wealth preservation strategy. Since 2002, the price of gold has risen in direct proportion to the global supply of fiat currency, particularly USD. Gold has risen by a factor of 5 in that timeframe, and so has the quantity of USD. And certainly, there is nothing – absolutely nothing – to expect anything but a continuation of the debasement of the U.S. currency.”
Audit Bernanke by Ron Paul
“Bailouts of the financial sector are the new normal, only now they are conducted covertly through the Fed rather than through Congressional action so as not to arouse public ire as in 2008.”
On the Recent Gold Pullback by Peter Schiff
“Do not get caught in the exuberance or pessimism of short-term movements, even if they're sharp. Observe the fundamentals - the events in Europe, the looming budget calamity in the US, central bankers' steadfast strategy of debasement, and emerging markets' continued diversification into precious metals. These are the main drivers for gold's long-term appreciation.”
Central Banks Can Increase the Money Supply, Even If Banks Do Not Lend by Thorsten Polleit
Polleit discusses several ways a central bank can inflate the money supply directly, without going through the banking system. All such methods entail coercive redistributive effects and generate the boom-bust cycle.
Don't Panic on Metal Tumble by John Browne, Euro Pacific Capital
Browne presents his views on “why precious metals have recently pulled back so violently.” “Investors continue to face the prospect of a currency crisis that will cause gold & silver to soar.”
Ludwig von Mises: Scholar, Creator, Hero by Murray Rothbard
With the publication of The Theory of Money and Credit in 1912, Mises healed “the micro/macro split that had begun in English classical economics with Ricardo . . . At long last, economics was whole, an integral science based on a logical, step-by-step analysis of individual human action.”
Sound Money: Fight for It! by George F. Smith
“Isn't it ironic that gold and the gold standard have been dubbed the barbarous relic when it's the paper systems that are forced on us that are reducing the world to barbarism?”
Helping James Altucher Understand Gold and Economics by Jeff Berwick, The Dollar Vigilante
Prediction: Dow 20,000. “We are headed for total collapse of the financial system. During the last two near collapses, in the 1930s and 1970s, PE ratios hit lows in the low single digits. The only way you will see Dow 20,000 is in a state of hyperinflation.”
Flying PIIGS by Gary North
“It keeps getting worse. This is the central fact. It keeps getting worse. The experts keep holding meetings. They keep announcing plans to solve the problem. Nothing works. Interest rates on one-year Greek government bonds are over 100% per annum. That screams ‘inevitable default.’”
The Case for Hyperinflation in the US by Jeff Berwick
“During many of the hyperinflations of our time, including Weimar and the ongoing hyperinflation in Argentina, the last people to see the causes of the hyperinflation (money printing) are the central bankers and the economists of the banks.”
Turning Milk Cows Into Beef Cows by Jeff Berwick
On both sides of the pond, "the rich" are being singled out for not paying their "fair share" of the global financial burden.
Why Debt Levels Are So High by Steve Saville
“In summary, debt levels are so high because we have a monetary system that incorporates the following features: 1. Fractional reserve banking 2. A central bank 3. No rigid link between the official money and the physical world 4. Deposit insurance. The current debt problem is a natural and inevitable consequence of the financial system that was put in place in stages over the past century.” (emphasis added)
Are you ready for the annual Christmas Rally in Gold and Silver? by Peter Degraaf
The most bullish facilitator of rising gold and silver prices is the supply of money, and the True Money Supply continues to rise exponentially.
A Sound Jobs Plan: 'Pull' the Federal Government by Michael S. Rozeff
“My jobs plan, which is a smart, sound and comprehensive plan, is breathtakingly simple: end the federal government.”
Government as a Venture Capitalist by Ron Paul
“The recent bankruptcy of Solyndra shows that the government is a terrible venture capitalist. This charade cost the American people over half a billion dollars they could not afford, yet there is no mea culpa.”
Paymaster Germany and the Endgame by Gary North
“The threat today is that the subsidies from Germany will not save the Eurozone from a Greek default. The system then could disintegrate, leading to trade wars. . . when [free trade] is achieved through central banking and political subsidies to trade deficit nations, it will come to an untimely end.”
It's Not about Consumption! by Robert Higgs
“The economy remains moribund not because consumption spending has failed to recover and not because government spending has failed to increase but because the true driver of economic growth — private investment — remains deeply depressed.”
Why Are Gold Prices So High? by Robert P. Murphy
It’s not about “real” interest rates, as some Keynesians contend, it’s about investor fear of Bernanke’s printing press.
Legalize Currency Competition by Ron Paul
“In order to return to sound money, it is necessary to undo the legal obstacles that forbid other currencies from competing against the dollar.”
The Lure of a Stable Price Level by Murray N. Rothbard
“The stability of wholesale prices in the 1920s was the result of monetary inflation offset by increased productivity, which lowered costs of production and increased the supply of goods.
But this ‘offset’ was only statistical. It did not eliminate the boom-bust cycle; it only obscured it.”
Hubris Leads to Depression by Doug French
“[NYT reporter Catherine] Rampell points out that the gap between hiring and capital spending is wider than any other post-recession recovery and puts her finger on the reason. ‘One reason hiring has been so sluggish is that equipment and software prices have been dropping quickly, while labor costs have been rising fast.’”
Banks, Governments Move To Restrict Personal Gold Bullion Purchases by Mac Slavo
Banks in Austria and perhaps other parts of Europe are limiting personal acquisitions of precious metals to approximately 11 ounces of gold at today’s prices. “While central banks, large institutional funds and wealthy private investors across the world continue to buy up gold, governments seem to be moving quickly to restrict the ability of average people to do the same.”
Mass Inflation, Yes; Hyperinflation, No by Gary North
“What follows every hyperinflation? A recession. But, during hyperinflation, bankers are impoverished. So, if the result is the same at the end of the hyperinflation – a bust – why not call it to a halt early, in the mass inflation stage?”
Could the Presidential Election Turn On a Dime? by Bill Watkins
“Why on earth would the WaPo attempt to ridicule anyone who poses a threat to the power structure that depends on the depredations of the FED?”
Government Takes Away Gold and Our Rights by Bob Bauman
“An official policy continues of wanton confiscation of gold and gold coins by U.S. government agents, not only from innocent travelers, but in lawsuits against legitimate gold coin owners.”
The Swiss Franc Ties Itself To The Collapsing Euro in Double Suicide by Jeff Berwick
“We live in a time where democracies are the scourge of the planet and, at the same time, currencies are tied to nothing and completely at the mercy of politicians . . .”
The Critical Flaw in Keynes's System by Robert P. Murphy
“Absent government intervention, wages and salaries would adjust to clear the labor market. In the real world, there definitely is ‘involuntary unemployment,’ but this is due to government, union, and central-bank distortions.”
With Immediate Effect by Simon Black
By “putting a ceiling on the franc’s appreciation against the euro… [the Swiss National Bank is] effectively abandoning its economic sovereignty and putting its future in the hands of woefully corrupt and incompetent bureaucrats.” And “Gold priced in Swiss francs jumped from 1497 to 1620 per troy ounce, all in about 45 seconds.”
Is The End Of The Euro In Sight? by The Economic Collapse blog
“Either we will see much deeper fiscal and political integration in Europe (which does not seem likely at this point), or we will see the end of the euro.”
The Last Haven Standing by Peter Schiff
“Rather than the bursting of a bubble, the recent technical action in gold is more indicative of a break-out.”
Steve Jobs and the Beautification of Capitalism by Jeffrey A. Tucker
“Jobs is a billionaire and an unapologetic capitalist who is said to have been influenced by Ayn Rand and whose company has never given a dime to corporate philanthropic efforts. I'm happy about this. It is wonderful that he has been so celebrated. But it is still puzzling.”
The Monetary Tsunami Is Coming by Frank Shostak
“The yearly rate of growth of our measure for banks' inflationary credit jumped to 8.2 percent so far in August from 4.3 percent in July. . . This means that the massive amount of money pumped by the Fed since 2008 (over $2 trillion) is starting to be funneled into to the economy by the banks.”
A Conspiracy of Counterfeiters by Patrick J. Buchanan
“If a citizen printed dollars bills, he would be tracked by the Secret Service, prosecuted and imprisoned. Why, then, is the Fed's clandestine printing of money with nothing to back it up a legitimate exercise and, according to Krugman & Co., a desirable policy for Bernanke and the Fed?”
The Many Collapses of Keynesianism by Llewellyn H. Rockwell, Jr.
“Greenspanism-Bernankeism reigns today, and that is the true tragedy of our times. The Fed, the Treasury, the president, the regulators, and the Congress have done everything possible to reflate, stimulate, stabilize, and counter market forces. As expected, they have lost the battle.”
Status Change: Gold Moves From Investment To Money by Rich Danker
“The rise in gold’s dollar-denominated price . . . is indicative of a remonetization phenomenon rather than a bubble.”
There They Go Again by Peter Schiff
“In an August 20 article entitled "Candidate of Doom and Gloom," Barron's magazine goes out of its way to characterize Ron Paul's gold mining-heavy portfolio allocation as simplistic, robotic, and unpatriotic.”
Standard & Poor's President Ousted? by Karen De Coster
It’s called Shoot the Messenger.
What Are They Afraid Of? by Tom Mullen
“They are afraid because Ron Paul will open their eyes and minds. Once he does, the party is over for conservative and liberal special interests alike. The days of growing wealthy on the backs of average Americans – and most shamefully, on their blood – start coming to an end the day he takes the oath of office.”
Keynes and Space Aliens by Clifford F. Thies
Krugman: “If we discovered that, you know, space aliens were planning to attack and we needed a massive buildup to counter the space alien threat and really inflation and budget deficits took secondary place to that, this slump would be over in 18 months.”
Jon Stewart on the media’s treatment of Ron Paul as the 13th floor The Daily Show
Is Deleveraging Bad for the Economy? by Robert P. Murphy
"Finally, what of Paul Krugman's point that total incomes necessarily fall if the economy as a whole (including private and government) saves? Well, so what? There is nothing magical about the nominal level of income; what matters is what people can buy with their paychecks. If massive deleveraging causes total income — measured in absolute dollars — to fall, then equilibrium will be restored only when product prices fall too."
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