This excerpt from Simon Black describes the behavior to expect from bankrupt, desperate governments: Stefan Homburg, one of Germany’s few contrarian economists, recently summed this up to the German paper Sueddeutsche: “History shows that [bankrupt governments] take radical measures such as expropriation of private assets, wealth taxes, or banning gold ownership… and in a state of emergency, [...]
Archives for October, 2011
Slouching Toward The 1930s
The current economic crisis rivals the one of the 1930s. Despite shameless propaganda by government and its cronies in the media, people understand that the situation is getting worse. Consumer confidence continues to decline as does confidence in the future. We are headed for an event that history will record as worse than The Great [...]
The Education Zoo
As someone who has spent a great deal of time in higher education both as a student and a professor, I heartily agree with Bill Bonner’s recent piece Misguided by Higher Education. It should be read by all with children nearing college age as well as recent college graduates, especially some of the Occupy Wall [...]
Maloney Presentation on Investing
A long (90 minute) presentation on gold, silver, the stock market and inflation. A simple explanation that should help people understand what is happening with respect to asset cycles and money. Mike Maloney provides an excellent presentation. It is up to you to determine whether he is right or not. Hat Tip to Plan B [...]
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