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Gold Wars: Military Conflicts, Gold and Currency Crises by Ferdinand Lips (2004; pdf)
“All the bad things happening in the world today can be traced back to two specific events. . . . The first is the abandonment of the gold standard at the beginning of World War One in 1914, and the second event is the establishment of the Federal Reserve System in the USA in 1913.”
The 2010 Silver Buying Guide by Jeff Clark, Casey Research
“Silver is money and has served this role more than any other material on earth, save gold. Due to its historical role, silver will always have monetary value and offer similar protection as gold to the ongoing global currency devaluations, and will definitely benefit from the inflation hurricane we see as inevitable.”
The Promises Must Be Broken by Steve Saville
“It is argued that the direct default by a government would eliminate that government's future access to the debt market, which is true. But that would be a huge positive rather than a negative. The world would be a better place if governments were not able to access the debt market. For one, there would be much less chance of war.”
Jon Stewart Dissects the ‘Ore on Terror’ by Jon Stewart (video)
What’s covered in heroin and sitting on a pile of gold? The answer: Afghanistan. “Congratulations, Afghanistan. You will never not know war.”
Chairman Greenspan: A Fiat Mind for a Fiat Age by Frederick J. Sheehan
“Whatever he learned in [Arthur] Burns's class [at Columbia U.], Greenspan did the important thing: he took up the pipe. This was Burn's trademark; some will remember when Federal Reserve Chairman Arthur Burns sat before Senate committees and reinvented economics in the 1970s. For instance, when inflation raged in the 1970s, it was Burns who removed food and energy from the Consumer Price Index.”
The Real Legacy of Alan Greenspan by Ryan McMaken
In reviewing Frederick Sheehan’s Panderer to Power, McMaken writes: “Easy money in the form of subterranean interest rates, microscopic reserve requirements, and endless praise of debt was Greenspan's eternally favorite strategy, and Bernanke clearly plans to continue the binge indefinitely.”
A Signal from the Stock Market by James Turk
“Now that the Fed has stopped printing, the S&P 500 Index not only stopped rising, but began falling to reflect the true state of underlying economic conditions.”
Markets, Bernanke, Rule of Law by Peter Schiff (video)
During Q&A following his House testimony last week, Ben Bernanke said he was perplexed about the rising price of gold when there was no inflation. Schiff: Cyclical commodities like copper and oil are falling because people (excluding Bernanke) expect a double-dip recession. Gold, a harbinger of inflation, is rising because people (excluding Bernanke) expect the dollar to nosedive. Time’s Person of the Year for 2009 is either incompetent or a liar. Also, Obama is playing tyrant with BP by threatening to make them pay the wages of workers furloughed by his six-month moratorium on off-shore drilling.
Hidden Gold Taxes: The Secret Weapon Of Bankrupt Governments
by Daniel R. Amerman, CFA
“Government fiscal policy destroys the value of our dollars. Government tax policy does not recognize what government fiscal policy does, and is blind to inflation. This blindness means that attempts to keep up with inflation generate very real and whopping tax payments, on what is from an economic perspective, imaginary income.”
Is Deflation in the United States Possible? by Frank Shostak
“Over time a strong money-supply rate of growth and the production of fewer goods implies a general increase in money per good, i.e., a general increase in prices. (Observe that what we have here is a general increase in prices and a fall in economic activity, which is what stagflation is all about.) Such a scenario is likely to be supportive of the price of gold.”
Hazlitt's Battle With Bretton Woods by Llewellyn H. Rockwell, Jr.
“How important is sound money? The whole of civilization depends on it.”
Thomas Paine, Liberty's Hated Torchbearer by George F. Smith
“As the 18th century's most influential political pamphleteer, Paine's reputation was born with the American Revolution he was largely responsible for creating, and he wanted to spend his last years among people with whom he shared a passion for liberty. But there was never to be any lasting peace for a firebrand like Paine, whose immense popularity with commoners made life uncomfortable for politicians, priests, and pundits everywhere.”
The Phantom Recovery by Peter Schiff
“One reason that we have thus far been spared the full wrath of Washington's poor decisions is that we are still benefiting from problems abroad, particularly in the eurozone. . . . However, EU member-states have shown some willingness to confront their problems by cutting government spending - correctly ignoring US government suggestions that they do the opposite.”
Why Governments Hate Gold by Ron Paul
“As governments and central banks continue the cycle of spending and inflating, the purchasing power of their currencies is constantly being degraded. These currencies are what the people are working for and saving. This inflation guts the savings and earnings of the people, who have very limited options for protecting themselves against these ravages. One option is to convert their fiat currency into something out of reach of central banks and government spending, such as gold or silver.”
Key Indicators Of A New Depression by Neeraj Chaudhary, Euro Pacific Capital
“From jobs to food to the roofs over our heads, the current period of economic turmoil is at least as bad as the First Great Depression, whether or not the financial media wishes to acknowledge it. The main difference is that unlike in the '30s, the US dollar is now the world's fiat reserve currency, so we are able to push our problems overseas for awhile.”
Monetary Inflation And The Fed's Exit Strategy by Steve Saville
“It is generally easy to figure out what policymakers are going to do because they are working from 'playbooks' that describe very few plays. Bernanke's playbook, for instance, has a comprehensive list of all the problems that could beset the economy or the financial system, and for all except one of these problems the recommended 'play' is ‘cut interest rates and boost the money supply’. For the lone exception the recommendation is ‘hike interest rates and reduce the money supply’.”
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