Monty Pelerin's World » 2010 November

No Hard Times for Government

Government Tagged with: Corrupt Politicians, Fat Cats, Public Servants

Nov 302010

The exploitation of the sheeple continues. We suffer while the political class thrives. Here are some facts your government would prefer you not know: 12 Facts That Will Blow Your Mind – Federal Employees And Members Of Congress Are Getting

“A tragedy for mankind!”

Fed, gold, Inflation, Insolvency Tagged with: Arthur Burns, Fed, gold

Nov 302010

Diaries, especially when they are kept during historic times, are always fascinating. Arthur Burns, former Fed Chair under Nixon, Ford and Carter, kept one that is now public. These were hectic times, characterized by Watergate, the resignation of a President,

A Year Ago — Investment Facts

A Year Earlier, Investing Thoughts Tagged with: Investors, Purchasing power, Retirement, Stock market

Nov 302010

In an important post for investors, a year ago, it was shown that … your $200,000 ten years ago has been halved in terms of purchasing power. However, in terms of planning purposes, your anticipated retirement amount has been reduced

Jekyll and Hyde Government

Favorites, Government, History Tagged with: Arrogance, Constitution, Founding Fathers, Government, Jekyll

Nov 292010

Respect for anything associated with government that is non-military is virtually nonexistent. Aside from loving their own benefits, opinion polls affirm that Americans’ respect for politicians and government is at all-time lows. In a country that once prided itself on

Suze Orman Speaks Out

economy Tagged with: economy, Suze Orman

Nov 292010

I have always considered Suze Orman a lightweight amongst financial advisors. Based on the following (hat tip to Financial Armageddon), perhaps I misjudged her: When asked about her financial fears, Orman said: “My only fear in life, when it comes to

Returning Power to the People

Government Tagged with: American Spirit, Despots, James M. Simpson, Regaining Control

Nov 292010

The need to declaw and emasculate Leviathan is becoming more apparent by the day. The ability to do so may be the key to the survival of the country because people are fed up. As discussed in an article on

Irish Protests Coming Here?

Government, Insolvency Tagged with: Austerity Program, Dublin, Protest

Nov 282010

More than 100,000 protest in Dublin against austerity program. The US will face similar austerity cuts in the future. It is impossible mathematically to honor our obligations. The longer politicians ignore the problem, the bigger these cuts will be. The

A Message from The TSA

humor Tagged with: humor, TSA

Nov 282010

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TSA Humor

humor Tagged with: humor, TSA

Nov 282010

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Quote of the Day — Politics vs. Finance

economy, Government Tagged with: Laws Of Economics, Tyler Cowen

Nov 272010

Discussing the Eurozone problems, Tyler Cowen said the following: In a nutshell, we’re watching the most pitched, highest-stakes, most determined battle between politics and finance which has been staged. I am expecting finance to win. It’s not just about PIGS

Year Ago – Porter Stansberry on Bankruptcy of the US

A Year Earlier, Insolvency Tagged with: Borrowing Capacity, Porter Stansberry, Sense Of Urgency, US Treasury

Nov 272010

This post appeared a year ago in November 2009. It is worth reading or re-reading. The numbers which caused Stansberry to fear bankruptcy within 12 months have only gotten worse. Perhaps it is QE2 that is temporarily protecting the government

Survivalists

all other Tagged with: Preparedness, Survivalist

Nov 272010

For those interested in survival (we all are, I have just not reached this point yet), here is an article that might be useful. 14 Lessons I’ve Learned About Survival by M.D. CREEKMORE on WEDNESDAY, NOVEMBER 24, 2010 By reading some survival blogs

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Random Favorites

Twenty-Nine Reasons to Be Angry And/Or Scared: If you're not both angry and scared at the world's current situation, you're not paying attentio...
Dallas Fed Chief Says U.S. in 'Budgetary Death Spiral': I have used the term "Debt Death Spiral" which I think might be more appropriate. Richard W. Fisher,...
Virtually every Western Democratic Government is insolvent.: Virtually every Western democratic government is insolvent. And governments utilized the same p...
Government Gone Wild: Apparently Russia understands basic economics and self-control better than the Obama Administration....
The US Nears End-Stage Kremlinism: Economic conditions continue to deteriorate while the political class and its cronies struggle to ma...
Our Only Asset is Freedom: Too many Americans are ignorant of the past and consequently ignorant of the present and future. The...
Keynesian Economics as The Anti-Economics: While reading an article from Mish on housing, two of his passages struck me: You can temporarily j...
The Current Political Condition is Unstable: Dr. Walter Williams, professor at George Mason University, asked this question in Septembe...
Obamacare a Pallbearer for American Freedom?: "The essence of government is control, or the attempt to control." Benjamin Tucker There is no bett...
Keynes' "Animal Spirits": Macroeconomics does not work for a multitude of reasons. First and foremost is that it does not pick...
The Passing of Greatness: People often die suddenly. Heart attacks, strokes and accidents are but some of the causes. Countrie...
The Fed Is Pimping For Incumbents: The Fed's Review Of The Banking System The banking system got high marks from the Federal Reserve...

Random Quotes

The strictest law often causes the most serious wrong. Cicero
If women be educated for dependence; that is, to act according to the will of another fallible being, and submit, right or wrong, to power, where are we to stop? Mary Wollstonecraft
An almost hysterical antagonism towards the gold standard is one issue which unites statists of all persuasions. They seem to sense -- perhaps more clearly and subtly than many consistent defenders of laissez-faire -- that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other. Alan Greenspan
Ask not what you can do for your country; ask what your government is doing to you. Joseph Sobran
A room without books is like a body without a soul. Cicero
I recommend that you be willing to become deeply involved in lots and lots of things, and that you let yourself, perhaps even force yourself, to do the things that you think are important and that you can take seriously. I make this recommendation because I believe that if you do, then even in the face of considerable adversity, you will feel, as I do now, grateful for having lived. Frank Oppenheimer

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