Barbie Relic’s latest:
Interest Rates in a Gold Coin Standard by Gary North
In a free market economy, the money (gold coins) paid by borrowers to lenders may not be more than the money borrowed – zero percent – but the real income of the lenders rises. Interest is still being paid to lenders, but it is concealed. The interest rate is the same as the decline in gold-denominated prices.
Inflation Targeting Hits the Wall by Antony P. Mueller
There is a vital need to establish a sound monetary system. Its consequence would be moderate deflation and the avoidance of extreme booms and busts. The main barrier against sound money is neither intellectual nor practical but political.
Gold Procrastinators: The Endless Agony by Gary North
Gold sends a message. Here is the message: "You should not put your hope in Keynesianism, Federal Reserve monetary policy, and federal regulation." - Gary North
Financial Illiteracy of Those Who Mock Conspiracy Theorists by Anthony Wile
Every part of modern society, from its basic economic building blocks to its liturgical belief in dysfunctional "laws and regulations" to its deep-seated reverence for the manipulated destruction of war, is questionable on a factual basis. - Anthony Wile
USA Today Gives JP Morgan Free Pass by Greg Hunter
The Feds profit too much from the current system to prosecute bank criminality. And the MSM provides cover.
Mises on Money and Banking by Robert P. Murphy
Ron Paul has made Austrian economics popular. Learn it from one of the masters at Mises Academy.
Ron Paul's Spirit Visits the Texas Republican Senatorial Debate video
All five Republican candidates for the U.S. Senate adamantly support a full audit of the federal reserve system.
The Revolution of 1913 (by Thomas DiLorenzo) video
DiLorenzo discusses the history of the 16th and 17th amendments, and the Federal Reserve System, all of which were instituted in 1913.
Was 2011 The End of The Gold Rush? by Peter Schiff
“Global investors have been spooked since the credit crunch of 2008. That means they are more likely to follow the herd rather than stick to the fundamentals.”
Whenever you see gold trading below its 200 Day Moving Average, consider it a buy signal! by Peter Degraaf
“The last time gold traded below its 200DMA was during the autumn of 2008. As soon as the price climbed back above the 200DMA, it rose from $900 to $1,900. The fundamentals for gold are bullish enough for a repeat performance. Just make sure you are buying gold and not a ‘paper or digital substitute’ for gold.”
Joseph Stiglitz's Market-Failure Myth by Christopher Westley
Westley addresses Stiglitz’s claim that technological improvements in agriculture prolonged the Depression of the 1930s.
Some Additional Reflections on the Economic Crisis and the Theory of the Cycle by J. H. de Soto
Bank credit expansion (inflation) puts “unnecessary pressure on the entire natural environment: trees that should not be cut down are cut down; the atmosphere is polluted; rivers are contaminated; mountains are drilled; cement is produced; and minerals, gas, oil, etc., are extracted in an attempt to complete overly ambitious projects that in reality consumers are not willing to demand, etc.”
Permanent Keynesian Unemployment by Gary North
“Keynesian economics did not overturn classical economics' theory of pricing. Keynesianism was the historical outcome of a government-decreed system of price floors. Monetary deflation coupled with wage and price rigidities did produce unemployment on a massive scale. It did not go away, because the policies did not go away. ‘Too many goods chasing too little money at government-mandated prices.’”
Peter Schiff interviews Ann Barnhardt Dec 21, 2011 Video
Ann Barnhardt calls for a strike - and the death penalty for major fraudsters.
Commodities Run In Supercycles by Peter Schiff
Currently the actions of central banks have supplanted private sector activities as the principal driver of price movements. . . Any political solution to the chronic sovereign debt crisis in Europe should put much greater pressure on the dollar, and push up commodity prices.
Is the Gold Bull Really Dead? by Greg Hunter
Only if you believe monetary and fiscal sanity will emerge.
Jon Stewart comments on the GOP candidates YouTube
Ron Paul in 2012 is the only sane alternative - by far.
MF Global's Fractional Reserves by Doug French
Poor MF Global. They lacked the friends in high places to bail them out.
In third White House bid, Paul's message the same by Allen G. Breed
Ron Paul’s political career was born on August 15, 1971, the day Nixon announced the U.S. would no longer honor its pledge to exchange dollars for gold.
Euro Crisis Destabilizing the Dollar by Ron Paul
“You and your family eventually pay for the Fed's decisions because every dollar you earn is worth less. Few people make the connection that they have enriched bankers in Europe through doubling and tripling prices on milk, eggs, gasoline, and clothing, but that is exactly what is happening.”
No Banker Left Behind (satire video) by Ry Cooder
“They’re all down at the station, no banker left behind.”
The Great Western Crackup by Peter Schiff
“Both the EU and US are politically paralyzed, seeming only to be able to make compromises that involve more spending, more debt, and more central planning.”
The Myths and Reality of Gold Confiscation by James Turk
“FDR confiscated Americans’ gold for the same reason Lenin confiscated it in Russia and Hitler confiscated it in Germany, namely, to get it out of the hands of the people.”
The Two Prerequisites for Hyperinflation by Steve Saville
“Relatively rapid inflation of the money supply -- say, a monetary inflation rate averaging 10% per year -- can occur for a long time without the ‘inflation’ becoming ‘hyper’. The reason is that a certain mass psychology must be present to create the condition known as hyperinflation.”
Banks Make Plans for Euro-Zone Split by Mish
Mish, quoting from the WSJ: “A key part of the world's foreign-exchange trading infrastructure is bracing itself for the possibility of a breakup of the euro zone, the latest sign investor concerns about the Continent's debt crisis are on the rise.”
European Debt Crisis Threatens the Dollar by Ron Paul
“Bankers should take their dreaded haircut rather than making innocent people pay for their mistakes. The losses should be limited and liquidated, rather than perpetuated and rewarded.”
Why the sovereign debt crisis began in Europe by Steve Saville
“The sovereign debt crisis began in Europe because the countries of the euro-zone (EZ) do not have captive central banks. A captive central bank is one that stands ready, willing and able to monetise all government debt should it become difficult or impossible to find other buyers for the debt.”
Why Is There a Euro Crisis? by Philipp Bagus
“After crises of the real economy, the financial sector and government debts, the logic of interventionism leads us to a currency crisis. The currency crisis is just unfolding before our eyes. The crisis has been partially concealed as the euro and the dollar are depreciating almost at the same pace. The currency crisis manifests itself, however, in the exchange rate to the Swiss franc or the price of gold.”
One Man's Mission: Building the World's Safest Bank by Peter Krauth
“Eric Sprott, the billionaire resource investment guru, is buying 51% of Ontario currency trader Continental Currency Exchange Corp., with the aim of making it into a financial institution that, refreshingly, will not make loans.”
Too Many Eurozone Summits by Gary North
“The euro summit meetings are turning into reality shows. Which team will be The Survivors? Merkel-Sarkozy? Papandreou-Berlusconi?”
The Politics of Gold Investment by Peter Schiff
Whether Obama stays or gets replaced, the future for gold is bullish. The U.S. dollar is doomed. Rhetoric aside, their records show that when it comes to money, everyone - except Ron Paul - is addicted to the printing press.
Everybody Hates Capitalism by Bill Bonner
Why is health care in south Florida 45 times more expensive than health care 90 miles away in Cuba, yet with roughly the same results in terms of life expectancy? "Health care [in the U.S.] is a protected industry. It’s a zombie industry, which cushions life for the people who profit from it. . . . None wants to see an upstart competitor bringing destruction to his zombie life. None wants to give up his edge…his subsidy…or his privileges. None wants capitalism in the health industry."
Three Reasons Why Some Analysts Are Predicting Lower Prices Ahead For Gold And Silver
by Peter Degraaf
“Every minute of the day the central banks of the world put out 2 million dollars in new currency. At the same time the world’s mines produce 90 ounces of gold. The ratio is 22,000 to 1. As long as this process continues - gold will rise.”
Keynes and the Ruling Class by Garet Garrett
This is a good, non-technical discussion of Keynes' ideas and their warm reception by governments desperate to justify intervention on a new scale.
Does The Economy Need a Referee? by Jeff Berwick
“The referee is the cause of all the problems we are witnessing in the financial world today.”
Terms Used with Gold and Silver Investing from CMI Gold & Silver
An excellent reference.
Why the State Demands Control of Money by Hans-Hermann Hoppe
Professor Hoppe explains inflation in terms that can be understood by anyone, except a mainstream economist.
In memory of
Evelyn O. Smith, 1915-2010, and George P. Smith, 1912-1998
In association with
Updated Thursday, February 2, 2012
Books you should read
See also:
The quality that makes gold fit for service as money is precisely the fact that the quantity of gold cannot be manipulated by governments. - Ludwig von Mises
Keynesians and other mainstreamers
