Monty Pelerin's World

Use The Debt Ceiling as Leverage

Government, Insolvency, spending Tagged with: Aggressive Action, Debt Ceiling, Federal Spending, Oversight

Apr 302011

The incredible debt levels of the US government are shown in the graph below: The graph appeared in a Letter to Congress which advocated aggressive action on the spending problems in the US. The debt ceiling decision is to be

Quote of the Day

Government, Today's Wisdom Tagged with: Aging Actress, Richard Russell, World Leader

Apr 292011

This from a recent Richard Russell newsletter: We’re borrowing billions of dollars a month just to “keep going,” yet, ironically, we’re doling out billions of our borrowed dollars to other nations, all in an effort to keep the fantasy of

Bubbles Nearing an End or Just Beginning?

Bernanke, Fed, Inflation, Investing Thoughts, markets, Uncategorized Tagged with: Bernanke, Commodity Markets, Karl Denninger, Market Ticker, Monetary Theory

Apr 292011

There is an interesting quandary arising for investors. We have had a rather massive run-up in various commodities as shown and discussed in this Market Ticker by Karl Denninger. As Mr. Denninger points out, the graphs have parabolic qualities. As

Taking Some Time Off

Other

Apr 282011

I am off for a brief vacation for the next few days. Posts will be reduced. Share/Save Download article as PDF

What a Recovery!

economy Tagged with: economic propaganda, Michael Panzer

Apr 282011

More news from Michael Panzer that the recovery (what recovery?) is mostly a figment of the imagination of Washington and their media gnomes. Every once in a while I like to post a collection of recent reports that should, in

The Fed is Poisoning the World

economy, Fed, Inflation Tagged with: Capital Flows, Fed, Government Risk, Hot Money, John Rubino, Political Liability

Apr 272011

John Rubino discusses exploding inflation and the pickle that puts us (and the rest of the world) in. He believes the following: Obviously this can’t go on. See Seeds of Their Own Destruction for some reasons why. Continued ease in the

Education and Sex

Government, knowledge, Uncategorized Tagged with: Professional Sex, Quality Of Education

Apr 262011

What do education and sex have in common? Some might answer that sex is now a course or series of courses in education. Others might answer that both involve a screwing. Neither is the correct answer. The answer I was

Two-Story Outhouse

Government, humor

Apr 252011

A picture is worth a Trillion words: Share/Save Download article as PDF

Goodbye Dollar, Goodbye Normalcy

Bernanke, dollar, Fed, gold, Inflation, Investing Thoughts, martenson Tagged with: Axel Merk, Ben Bernanke, Chris Martenson, Inflation Expectations, Interview

Apr 252011

Chris Martenson interviews Axel Merk and covers some of the following topics: Why Ben Bernanke is hell-bent on debasing the US dollar to spur economic growth How the politics of the Fed work, where the power lies and which arguments

Government Failure(s)

Government, Keynesian, Regulation Tagged with: Agencies, Failure, Government, Regulation

Apr 242011

James L. Payne has written Can Government Manage the Economy, a perspective on modern-day witchcraft as practiced by government. The assumption that such management was feasible was invalidated almost immediately: For 98 years the federal government has been attempting to

The Ryan Budget is More Game-Playing

insolvent, spending Tagged with: Bob Murphy, Budget Proposal, Paul Ryan

Apr 232011

Bob Murphy discusses Paul Ryan’s proposed budget. According to Lew Rockwell’s test for judging budget seriousness, it is woefully inadequate: The politically painful budget slashing is deferred to the future. As Lew Rockwell has said of any would-be budget hawks,

House of Cards That is The USA

humor, Insolvency Tagged with: humor, Insolvency

Apr 232011

h/t ebw Share/Save Download article as PDF

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