Monty Pelerin's World

Virtually every Western democratic government is insolvent.  And governments utilized the same practices as General Motors to reach this point. In GM’s case, poor management was exposed by Honda, Toyota [...]

There is no greater scam than that being perpetuated by fiat money. It is plausible that the gold market might be manipulated because of its critical importance to the current [...]

We know there is virtually no business experience amongst the President’s advisors. That has been documented in various places. Yet that could have been inferred  from the number of wrongful [...]

“Crowding out” is an effect claimed to occur when governments run deficits and have to borrow to finance the deficits. It refers to the government using funds via borrowing that [...]

“No Recovery?” In the best Claude Rains fashion, “I am shocked, shocked!” There is no economic recovery, and there will be no economic recovery this year and probably not next. [...]

In Jimmy Carter’s reign, the Wall Street Journal editorialized about “Ratcheting to Ruin.” The title derived from the fact that each cycle high in unemployment was higher than previous ones, [...]

These three articles are must reading for anyone interested in the future of the economy.  No investor or citizen should be ignorant of the possibilities raised in these articles. Ponzi [...]

“US government debt is a safe haven the way Pearl Harbor was a safe haven in 1941.” Niall Ferguson The idea that our debt is somehow a safe-haven is a [...]

“My long view for the US is high inflation which will not show up in the government’s fraudulent statistics, along with a declining standard of living, increasing decay and ultimately [...]

Image by Francisco Diez via Flickr James Quinn has posted another very informative piece. It is especially useful for those who don’t comprehend the degrees of financial chicanery and deceit [...]

Any Econ 101 student would flunk the course if he showed the aptitude of this Administration regarding basic economics. It is likely most Americans have never taken an economics course, [...]

The Fed has reached the point where there are two choices — Allow the government to shut down or allow itself to be the Treasury’s ATM machine. Inflation is, as [...]