Monty Pelerin's World

The following is an excerpt from Gary North’s article on Clueless Ben?: Bernanke is facing a slowing economy. All those green shoots he said he could see in 2009 have [...]

Can We Have Another Banking Holiday? “But most commercial banking is “deposit banking” based on a gigantic scam: the idea, which most depositors believe, that their money is down at [...]

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 [...]

“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 [...]

Tough Guy Bernanke Blows Smoke Fed Chairman Ben Bernanke appeared before Congress this week wearing his “bad guy” face. I did not watch his testimony either day. Apparently, based on [...]

A Wall Street Journal article reported: “The Treasury said it will borrow $200 billion and leave the cash proceeds on deposit with the Federal Reserve, reviving a program that will [...]

Image via Wikipedia “Monetary Crank” was a derogatory term used in the past to refer to crazy monetary theories and/or schemes. Its use has fallen out of favor, yet its [...]

Great hoopla over the Federal Reserve’s surprise decision to raise the discount rate 0.25 % fills the media and the markets. Pundits discuss earnestly the spice has been added to [...]

“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 [...]

One of the better economic analysts is John Williams at Shadowstats.com. When he speaks, one should listen carefully. He has just done so: The U.S. economic and systemic solvency crises [...]

Are the adults starting to stir? In a post entitled Volcker a Tipping Point? written on September 21, 2009, I speculated whether or not a particularly influential grownup, Paul Volcker, [...]

Bernanke under fire from Jim DeMint. Both Bunning and DeMint excoriated Bernanke. The pushback against Bernanke’s renomination comes from both sides of the aisle. At this point, that renomination may [...]