Article Archives - 3 of 18
Steve Jobs Tells City Sopranos No! by Charles Goyette
Steve Jobs has a rare trait among CEOs - the possession of a backbone when dealing with government thugs, at least in this case.
McDonald's as the Paradigm of Progress by Jeffrey A. Tucker
“It's not the case that the management of this company has an unusually high devotion to the well-being of humanity. The management is following the pricing signals and making entrepreneurial judgments all in the service of the consuming public.”
The Big Fat Greek Gravy Train: A special investigation into the EU-funded culture of greed, tax evasion and scandalous waste by Andrew Malone
The Greek government is running out of other people’s money.
The Keys to Economic Growth by Ron Paul
We need sound money, a regulatory environment favorable to private capital investment, the elimination of foreign wars, and the abolition of the income tax, says Ron Paul.
Bernanke Channels Benchley by Gary North
“I see no reason to believe that [U.S.] bankers would have lent this QE2 money [that went instead to foreign banks]. They still refuse to lend the money that the monetary base allows them by law to lend. If they did, we would be suffering from a doubled price level.” See Gary’s link to Robert Benchley’s commentary on the Depression.
Explaining Where All The QE2 Money Went by Tyler Durden, Zero Hedge Fund
“The only beneficiary of the reserves generated [by QE 2] were US-based branches of foreign banks (which in turn turned around and funneled the cash back to their domestic branches) . . .”
Black Swans From New Normal by Jim Willie CB
“Black swans adorn the entire landscape.” Includes QE to Infinity.
Feigning Cluelessness, Bernanke Fools No One by Rick Ackerman
“Surprising no one, Mr. Bernanke also failed to mention the still-deflating housing market as a possible reason for the punk economy. Who but a Fed chairman could fail to connect the dots?”
How Ron Paul Would Fix the Economy by Alix Steel
Paul: “I want competition with the Fed. I want to legalize the Constitution.”
The Federal Debt Elevator: Going Up by Gary North
“Anyone who thinks the Federal debt ceiling is now or ever has been a ceiling has not come to grips with the political reality of the free ride. Until there is widespread political pain, there will be no debt ceiling.”
The Gold Standard: Myths and Lies by Robert P. Murphy
“As the Fed's debasement of the currency reaches literally unprecedented levels, more and more regular Americans are waking up to the merits of commodity money. Yet this isn't some populist fad.” See Murphy’s The Fed as Giant Counterfeiter and The Gold Standard and the Great Depression. Also, Ron Paul’s The Case for Gold and . . . the list goes on.
The Extinction of Retirement by Michael Pento
“For many Americans, the traditional idea of a comfortable retirement, filled with golf carts, cruises, and fishing trips, is going the way of the dodo bird.”
When TBTF Meets TBTK by Gary North
“At some point, too big to fail banks will find that the government can no longer kick the can. There will not be lenders to the government at interest rates that the government can afford to pay. Even the Federal Reserve System will stop lending, unless the FED's managers decide to go to hyperinflation. When the government cannot continue to meet its obligations, it will default in some form to some beneficiaries. This is the dilemma facing all Western democracies.”
The “Backing” of Today’s Money, Part 2 by Steve Saville
Steve addresses three common objections to Part I, particularly his (correct) claim that gold has no intrinsic value.
U.S. Hurtles Toward System Failure by Jim Willie
“The USFed Chairman should be called the Secretary of Inflation, in a perfect world. Inflation is all they know.”
Zombie Spending on Things Already Consumed by Bill Bonner
Consumer spending and government spending are discussed as being mostly allocated to debt repayment and credit purchases contributing to the economic downturn.
What “backs” today’s money? by Steve Saville
”The problem isn't that today's money is not ‘backed’ by much in the way of reserves; the problem is that the value of YOUR money is determined by the actions of ethically-bankrupt institutions.”
Financial Repression: A Sheep Shearing Instruction Manual by Daniel R. Amerman, CFA
How did the Western economies remove their enormous debt burdens of WW II? "The governments didn't default on those staggering debts, nor did they resort to hyperinflation, but they did nonetheless drop their debt burdens relative to GDP by about 70% over the next three decades - and the very deliberate, calculated use of Financial Repression was how it was done."
A Primer on the Never-Ending Bust by Robert P. Murphy
”For those versed in the writings of Mises, Hayek, and Rothbard, the continuing economic slump has been no surprise.”
If Yemen Falls, so Does the Dollar Reserve? by Anthony Wile
“If the US and Saudi Arabia cannot control the spiraling disaster in Yemen, the next stop on the revolutionary train is Bahrain. And after that ... Saudi Arabia. And THIS time, events may not be easily salvageable. The Internet has educated the Arab world about its history.”
Can You Pass the 2011 Silver Quiz? by Jeff Clark
“It’s clear that the forces underpinning the silver bull market aren’t going away any time soon. . . Silver has been used as money for over 3,000 years, and the word for ‘money’ in many languages is ‘silver.’”
Silver the new gold? by Gijsbert Groenewegen
Amass physical silver!
The Canadian Dollar is No Haven from a US Dollar Collapse by Jeff Berwick
“If you believe that the US dollar is headed to zero then it makes no sense to own the Canadian dollar. Practically all that backs the Canadian dollar is US dollars.”
Markets swoon on double dip fears by Peter Schiff (video)
Get ready for QE3 or GD2. Or the first followed by the second. Or if not the second, then the final and complete destruction of the dollar through the Fed’s “Inflate to Infinity” policy.
Did the Recession Ever Really Go Away? by Jeffrey A. Tucker
“All the stimulus programs (trillions of dollars!), the money creation, the buyouts of bad debt, the bailouts, the nationalizations, the ghastly spending, the new regulations: nothing has worked to bring back the shining city on a hill.”
After the Dollar: What Comes Next? by Peter Schiff
“I'm seeing signs that the world is moving back to gold at a breakneck speed.”
Is Greece the Future of America? by Michael S. Rozeff
“We have twice seen in recent memory how government/central bank inflation-produced speculation leads to a breakdown in critically important internal market practices and institutions.”
Trigger Points by Gary North
“The average citizen has no real understanding of the underlying causes of booms and busts. He trusts the government. He thinks that those in charge know what they are doing. Yet the evidence indicates otherwise.”
Green Shoots, Exit Strategy, No QE3 by Jim Willie
“Expect no change to the 0% policy (ZIRP) with no change to the heavy monetary inflation (QE), as the path to ruin is set, and the policy of Inflate to Infinity cannot be stopped. Gold will not stop until it surpasses at least $5000 to $7000 in price. Silver will not stop until it surpasses at least $150 to $200 in price. Such forecasts invite mockery, but in two years they will seem prescient.”
What happens when Greece defaults by Andrew Lilico
There may be another bailout first, but eventually Greece will default, and then the domino effect will begin.
Is Sin City turning into the Motor City? by Douglas French
“Home prices have fallen over 58% in Las Vegas from the peak in 2006, more than any other major city. More than 70% of homeowners are underwater. Unemployment was 13.3% in March and last year the state reported a population decline for the first time in 90 years.”
Training Wheels Off, Crash Helmets On by Michael Pento
“The high leverage that brought on the Great Recession has not been addressed in the slightest. U.S. household, corporate and government debt as a percentage of GDP has never been greater. Bernanke will eventually have to choose whether he wants another depression or more of the inflation the Fed is so adept at causing and then denying.”
Raising the Roof on Debt by Peter Schiff
“Since [1962], Congress has voted to raise the [debt] ceiling 74 times without a single reduction.”
The “Smoothing out the Bumps” Fallacy by Steve Saville
“Hyperinflation and/or a totalitarian state are the inevitable destinations if Keynes's theories are relentlessly applied over the long term. The reason is that each round of policy mistakes creates the justification for even greater mistakes, setting in motion a downward spiral that will be inescapable as long as the perceived solution entails more of the same.”
Wildcat Inflation Fighters by George F. Smith
“The Suffolk Bank and Independent Treasury System, both of which were prominent during the “wildcat banking” era of the 19th Century, represent significant efforts at [fighting inflation].”
Keeping Capital in a Depression by Doug Casey
“Instead of putting $10,000 extra in the bank, go out and buy things like motor oil, ammunition, light bulbs, toilet paper, cigarettes, liquor, soap, sugar and dried beans.”
The End of Bernanke's "End Game" by William L. Anderson
“Ben Bernanke has opened the Fed's checkbook in an unprecedented fashion, and while he claims to be ‘saving’ the financial system, in reality he is destroying it. He has kept the failed firms afloat.”
The Fed and the Debt by Ron Paul
“While the Fed does not directly purchase Treasury debt, the number of instances in which it has purchased freshly issued debt directly from primary dealers has begun to gain public attention. This is merely a step away from direct monetization. Direct debt sales to a central bank are always seen as the last resort of a failed regime, as the central bank at that point acts merely as a rubber stamp for the government's fiscal profligacy.”
The Great Myth of the Inflation Cure by Doug French
A year at the U. of Chicago costs students $54,290, and for that they are exposed to the likes of “economics professor Casey B. Mulligan, who believes what the economy needs right now is a little inflation in all the right places to make things better.”
Bigger Than bin Laden – America’s New Public Enemy No.1 by Gerald Celente
“On Wednesday, April 27th, just four days before Bin Laden was killed, a new Public Enemy No.1 held his organization’s first ever press conference. Federal Reserve Chairman Ben Bernanke told the world that the United States would continue its low interest rate polices and, in effect, continue to flood the world with cheap money.”
Saving the world economy from Gaddafi by The Daily Bell (video)
Gaddafi wanted to trade oil in gold instead of dollars, a mortal sin to the controlling powers.
Inflation Inferno I by George F. Smith
To fight WW I, sound money had to be replaced.
Statement on Federal Reserve's Press Conference by Ron Paul
“Today's staged press conference will not be enough to stop the growing demand for real Fed transparency, and I hope to build on that grassroots demand by passing legislation that will result in a true audit of the Fed's activities.”
Currency Dead End Paradoxes by Jim Willie
“The central banks hope to stop the USDollar decline. However, what they earn is a uniform decline in all currencies in terms of commodity prices. Rather than devise a new fundamentally sound platform, they rig the broken reeds, tie them together, and hope the failed system functions despite using broken components.”
24 Signs Of Economic Decline In America by Economic Collapse Blog
“The U.S. economy is in deep decline and is dying a little bit more every single day. Until we understand exactly how bad our problems are we will never be willing to accept the solutions.”
QE2 and the Fate of the U.S. Economy by Doug Casey
Doug remains convinced the Fed will inflate the dollar to oblivion, but come June “will pause in its blunt-force monetization” to give the dollar “a shot in the arm.” “Among other consequences, a rising dollar could spell trouble for overheated commodities, at least over the short term.”
The Breakdown Draws Near by Chris Martenson
Debt with no buyers and spending with no money are driving the prices of gold, silver, oil and other commodities to the stratosphere.
50 Factors Launching Gold by Jim Willie CB
The most important of which is global monetary inflation.
GoldBRICs by Gary North
“There are no free lunches. There are no mercantilistic policies to subsidize exports that do not thereby subsidize the lifestyles of the customers in the other nations that buy the exports.”
Beware the Demon of Inflation by The Mogambo Guru
Prices are surging - officially, now.
Is Inflation Harmless or Even Good? by Robert P. Murphy
Critics of the Fed point to the 95% depreciation of the dollar since 1913. A Fed spokesman points out that the rise in real wages has outpaced the dollar’s decline. Murphy discusses two flaws in his argument.
Why Economists Love the Federal Reserve by Gary North
“It is not in the self-interest of salaried economists teaching inside the educational cartel to apply the economics of cartels to their employers.” In this connection, see the Huffington Post article of 9-7-09, “Priceless: How The Federal Reserve Bought The Economics Profession.”
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