New Breakfast Cereal!
New Credit Crunch Cereal! Sweet with incredibly bitter aftertaste!
New Credit Crunch Cereal! Sweet with incredibly bitter aftertaste!
Go figure but it seems Dr. Paul will be asked to co-host soon as much as he has been turning up on Murdock Net. A very good and precise interview of Ron Paul on financial crisis.
In his article The Greater Depression and What You Should
Do About It, Doug Casey talks about what a business cycle is and how the federal government distorts the market through regulation, taxes and inflation. This distortion causes mis-allocations of capital, which in turns causes busts. These busts are very important as they cleanse away the bad investments. But our Federal Government, fearing a depression, keeps dumping liquidity into the markets to stave off a downturn. But this is only putting off the inevitable.
From the article:
But, in a nutshell, government intervention in the economy – through taxes, regulation and, most importantly, currency inflation – causes distortions and misallocations of capital that must eventually be unwound. The distortions degrade the general standard of living, and the economy goes into a recession (call that an incomplete cleansing). Or it goes into a depression – wherein the entire sickly structure comes unglued.
This is a message that is sadly lacking in the mainstream news media:
Oddly enough, there’s one glaringly obvious thing that is not in the news today at all. That’s the fact that interest rates – nominal rates too, but especially “real,” after-inflation rates – are close to their lowest levels in history. And in today’s extraordinarily risky environment, they’re artificially low. This, and the reasons for it, should be headlines.
But sadly, not. Most Americans are going to be caught totally off guard. They will march off and vote for Obama’s mislabeled “change,” continue massive domestic spending, and perpetuate the debt-based mentality of the American consumer, taxpayer and voter. Ron Paul’s message of fiscal responsibility seemed to fall on deaf ears–only a few million Americans listened and reacted to the wake up call of Dr. Paul.
Sometimes I wonder why I post these articles and if anyone is even reading them. :/
Among gold and silver investors there is a common cry to get rid of the Fed and return to the gold standard. However, with the Establishment having controlled our schools and universities for decades, the masses are duped into believing that the money and banking are much too complicated to be understood by anyone…
I recommend reading “Liberal Fascism” by Jonah Goldberg. It really spells out how the modern Liberal Left is actually based on fascism, and how the Conservative Right (I’m talking true conservatives here, or rather, Classical Liberal thinking) is completely misunderstood. The people on the Left are Fascists in American clothing, and most of them don’t even realize it. They have no idea their intellectual heritage comes from the Progressive movement around the turn of the 20th century, inspired by Mussolini, Hitler and Stalin.
The value of the dollar is dropping like a rock and this video is to show how this is affecting the prices of everything from gas to milk. This is the first of several videos to show what is really happening to the ecomy of the United States and why this country is in a lot of trouble financially.
The United States is an Empire. As Krassimir Petrov points out in his 2006 article “The Proposed Iranian Oil Bourse”, an empire needs to tax other nation-states in addition to its own citizens. And we do it through the “Inflation Tax.” From the article:
The history of empires, from Greek and Roman, to Ottoman and British, teaches that the economic foundation of every single empire is the taxation of other nations.
“I am pleased to report the inflation monster has been captured and placed in a jar.”
Lindsey Williams talks about his first hand knowledge of Alaskan oil reserves larger than any on earth.And he talks about how the oil companies and U.S. government won’t send it through the pipeline for U.S. citizens to use.
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Stephanie Moore. in her article about Creative Mortgages, writes, “This is a story about how easy it is to get into serious trouble … even when you know better.” She just had to have her dream home, but didn’t have the money nor the long term income to back it up.
She suffered some really bad stuff (I mean, her cat was having chemo treatments on top of everything!), but she admits that she brought most of it on herself. I like that–responsibility for self. I don’t think we need new laws to stop all bad things–people just need to have a little common sense. She was in a rush to have a too much home without the income to back it up.
I know I’ve engaged in stuff that was “too good to be true” and gotten burned. And her tone suggests that she wants all of us to learn from her lesson. Anyway, excellent article! Buyer beware!
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