September, 2010

The Fed’s Counterfeiting Efforts

The Fed argues we have too little inflation. Their stated goal is to increase the rate of inflation. What is the correct amount of inflation that a society should have? If you answered zero you may be right, depending upon how you define inflation. If you define inflation in terms of changes in the money supply, then zero is the correct answer. [...]

Government Driving Business down Road to Ruin

Bernie Marcus, co-founder of Home Depot, sheds light on what he went through and what is going on in the economy now. He provides the classic example why microeconomics overrules macroeconomics and why there can be no recovery under the economic policies imposed by a our know-it-all President. As I have said many times before, things are much worse than [...]

A Year Ago – Obama Failing

A year ago today: Is Obama Failing Along With Everything Else? Posted by Monty Pelerin at 6:09 pm   Sep29 2009

Obama: Not Moses, Merely Elmer Gantry

The abject failure of the Obama Administration is painfully obvious. Herman Cain described the situation: Millions of voters have come to realize that this presidency lacks leadership, direction, decisiveness, economic urgency and, most of all, solutions. This combination of deficiencies has produced a more than uninspired citizenry, except for the most loyal and misled supporters of the president. While many [...]

Schiff on Fed

Peter Schiff explains the stupidity inherent in Ben Bernanke’s objectives.

John Williams of Shadowstats

John Williams of Shadowstats.com publishes what the government won’t — honest statistics. He uses original government definitions of various measures such as GDP, CPI, unemployment, etc. to restate their figures to their own (prior) definitions. His numbers are not pretty. For a full explanation of how he got started and what has happened over time, I encourage you to visit [...]

We are Broke!

Every level of government is broke. Period! That fact you must accept in order to understand the dire condition of this country. The options for any creditor are simple: Pay down the debt Borrow new debt to service the old Default on the debt At some point, option 2 ceases because the creditor is deemed too risky for additional loans. [...]

Gold Investing

11 Ways To Cash In On Gold (AU, NEW, ABX) by Vincent Fernando, CFA and Lawrence Delevingne Gold may be the hottest investment in the world right now. This yellow metal now commands more than $1,250 per ounce, and many folks are making wild predictions about how far it can run. Yet there are many ways to invest in gold and [...]

1400 to 1

Tyler Durden on the continued disbelief from Insiders. They continue to be pessimistic about their firm’s futures. Of course there is no need to worry because Washington has the “big recovery” propaganda rolled out. Isn’t it amazing that Washington knows better than insiders about the insiders’ own firms. Now that is hubris, desperation, a dumb bluff or all of the preceding. [...]

John Maynard Dracula will not die easily

Richard McKenzie writes on Keynesian economics: The country will learn anew an old lesson: Don’t count on the federal government to wave away the country’s economic troubles with some refurbished fiscal wand. The wand didn’t work in the 1960s and 1970s (it only contributed to “stagflation”). The wand is an illusion that should have died with Keynes long ago. We [...]

Stupid Economists

Most people do not recognize the name Richard Cantillon. That is to be expected because most people don’t dig into detail beyond their chosen occupations or hobbies. Just mastering the complexities necessary to successfully navigate through life is challenging. Feeding and sheltering ourselves and our families is too often a full-time job. We are all ignorant. Einstein,  Thomas Edison, Bill Gates or other geniuses have massive areas of [...]

Humor – Helpful Gun Advocate

From a reader. Original author unknown: Ralph, My neighbor is a “lefty” of sorts. So last week I put this sign up in my yard after one of his anti-gun rants at a neighborhood cocktail party. The sign wasn’t up more than an hour before he called the police and wanted them to make me take down the sign. Fortunately, the [...]