Monty Pelerin's World » 2011 February

“Conditions are Spinning Out of Control”

economy, Favorites, Government Tagged with: Bill Bonner, Creditability, daily reckoning, Gerald Celente, Government Propaganda, Streets Of America

Feb 282011

For those foolish enough to fall for the government propaganda that a recovery is underway, caution and reconsideration are in order. All that governments have left is to promote the illusion of a recovery. They have exhausted their money, creditability

Marc Faber Interview: “We are Doomed”

economy, gold, Inflation, Investing Thoughts Tagged with: Doomed, Inflation, Investing Comments, Marc Faber

Feb 282011

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Modern Government

Government Tagged with: Bureaucracy, Cabbage, Government

Feb 272011

An email sent by a reader conveys all you need to know about the efficiency and forthrightness of current government: All you Need to Know about non-partisan US Government and Bureaucracy: ** Pythagorean theorem: ……………………………………………….. 24 words. ** Lord’s prayer:

Silver — Over or Under-Valued?

markets Tagged with: Silver Eagles, Silver Etf, Silver Investments, Us Mint

Feb 272011

From the Daily Reckoning is this perspective on Silver. Whether it is over or under valued is your call. However, these numbers provide one basis for making a judgment. How Much More Demand Can Silver Handle? by Jeff Clark The numbers

Who is to Blame for our Mess?

economy, Government Tagged with: Economic Mess, Government, Presidents

Feb 272011

It pains me to watch my country deteriorate. As many know, I consider our condition past the tipping point in terms of economics, politics and simple mathematics. This condition did not develop overnight or in the last couple of years.

Inflation vs. Deflation

Deflation, Inflation, Rosenberg Tagged with: David Rosenberg, Deflation, Inflation, Tug Of War

Feb 262011

David Rosenberg summarizes the tug of war between inflation and deflation: Pricing power improving • Air fares: +2.2% and have now posted 2%+ gains in each of the past three months (during which prices have soared at a 33% annual

Cairo Coming to a Town Near You

Bernanke, economy, Fed, spending Tagged with: Collapse, economy, Fed, QE, World Food Prices

Feb 252011

The Federal Reserve pretends that Quantitive Easing is helping the economy. It is now obvious that it is not. At best, QE provides a political diversion. It makes the economy look like it is improving (or at least not worsening),

Wisconsin is Only the Opening Act

Government, spending Tagged with: Budget Battles, Providence School, Wisconsin Government

Feb 242011

Madison, WI may be taking up most of the domestic headlines with its budget battles, however that will change. All states and municipalities are, to various degrees, similar to Wisconsin. Government spending is not sustainable. The fantasy world of the

Bernanke’s Road to Serfdom

Bernanke, Fed, Government, markets Tagged with: Ben Bernanke, Discretionary Spending, Drunken Sailors, Food Deprivation, Food Prices, Friedrich Hayek, Inflation, Worldwide

Feb 242011

The events in the Middle East are not helpful to anyone. Yes, the governments are oppressive, at least in our eyes. But sometimes the devil you know is preferable to the unknown devil that follows. Those who believe these countries

Fed Crumbling From Within?

banks, Bernanke, Fed Tagged with: Ben Bernanke, Benedict Arnold, Dylan Ratigan, Federal Reserve, Gerald Celente, Murray Rothbard, Ron Paul, Thomas Hoenig

Feb 242011

Federal Reserve President Thomas Hoenig breaks ranks and sounds like Dylan Ratigan, Gerald Celente, Ron Paul or Murray Rothbard. Mr. Hoenig has always been a bit of a renegade, yet his recent speech reaches into areas where he (and no

Does the Market Look Undervalued?

Investing Thoughts, markets, Ritholtz Tagged with: Big Picture, Graph, Market Capitalization, Nyse Market, Stock market

Feb 232011

This chart should be a scary picture for those who believe the stock market is undervalued. From Barry Ritholtz: NYSE Market Capitalization as % of GDP by Barry Ritholtz Chart Store week continues at the Big Picture. Today’s TCS graph is

Prescient Quote

humor, Today's Wisdom Tagged with: Clarence Darrow, President, quote

Feb 232011

When I was a boy I was told that anybody could become President. Now I’m beginning to believe it. Clarence Darrow Share/Save Download article as PDF

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Random Favorites

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Signs of a Dying Economy: The flight of both intellectual and actual capital was predictable and predicted. Our tax and regula...
The Social Welfare State – Motivated Not By Compassion But Political Self-Interest: The siren song of Socialism contains the seeds of destruction that now threaten the very foundat...
Our Disingenuous Fed: A Little History The Federal Reserve continues to warn about deflation. These warnings are merely a...
Bernanke's Pickle: What a pickle Fed Chairman Ben Bernanke is in! Mr. Bernanke is on record for unequivocally statin...
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Dracula Government Meets Its Nemesis: There is no greater scam than that being perpetuated by fiat money. It is plausible that the gold...
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Not an Economic Problem, A Constitutional One: Most of us who are troubled about what is happening in this country have no or loose ties to politic...
More on Depression: Last week I wrote about the US economy ending up in a Depression. Karl Denninger has a hard-hitting ...
Healthcare Vaporizes Obama Presidency: Healthcare destroys a presidency and jeopardizes a political party. In the fledgling days of the pe...
Red vs. Blue: Bloods vs. Crips: National politicians have been served notice that the American people have finally awakened. Dissati...

Random Quotes

The passion for power over others can never cease to threaten mankind, and is always sure of finding new and unforeseen allies in continuing its martyrology. Lord Acton
The excellence of the gold standard is to be seen in the fact that it makes the monetary unit's purchasing power independent of the arbitrary and vacillating policies of governments, political parties, and pressure groups. Ludwig von Mises
Only in Washington can a budget that spends more than it did the year before, with a larger deficit, be portrayed as cutting. Rand Paul.
It is dangerous to be right in matters on which the established authorities are wrong. Voltaire
It is important to remember that government interference always means either violent action or the threat of such action. Government is in the last resort the employment of armed men, of policemen, gendarmes, soldiers, prison guards, and hangmen. The essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning. Those who are asking for more government interference are asking ultimately for more compulsion and less freedom. Ludwig von Mises
The more you observe politics, the more you've got to admit that each party is worse than the other. Will Rogers

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