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 [...]

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 [...]

Bill Bonner is one of the more incisive and entertaining writers. His post below ostensibly deals with Greece but has warnings that should be heeded for the rest of the [...]

The strains on the International monetary system are increasing. This system was never sustainable. It replaced a system that had broken down. And that system had replaced another phony international [...]

“… you don’t ever know where he comes from or where he’s going.” It is 2008. An unknown figure steps from the mist. No one knows his background. There is [...]

This post is older, but classical in its approach to the housing crisis. It sheds light on how the crisis started and grew, and why government intervention will hurt rather [...]

This article concludes, as did my recent post Spiraling to Bankruptcy. that the bankruptcy of the United States is now inevitable. Porter Stansberry approaches the topic from a different angle, [...]

History Only Rhymes; Optimism Always Repeats As we move through life, day by day, it is difficult to see the history that is being made. There are exceptions, Pearl Harbor, [...]

From my post on American Thinker. For the past couple of months I have worried regarding the risks of a Failed Presidency. No one should want this, regardless of party [...]

Image via Wikipedia A similar view to the AIG-Geithner post made earlier where I stated: “It seems to be that Tim Geithner, with regard to this matter, was either incompetent [...]

Image via Wikipedia Image via Wikipedia Barry Ritholtz, in a post entitled Special Inspector General: NY Fed Screwed Up AIG Bailout, argues that the government can’t seem to get it [...]

Image via Wikipedia “We stand on the brink of a financial challenge of unprecedented magnitude in the history of this state,” he added. “This is a historic moment. We’re going [...]