A headline in Thursday’s New York Times reported, “U.S. Economy Began to Grow Again in 3rd Quarter–The United States has emerged from the longest economic contraction since World War II.”
Ohh, so it’s “emerged, has it? Well, isn’t that just great? I guess “Happy Days” are here again.
Entries Tagged as ‘Economy’
October 30, 2009
Happy Days or Black Tuesday?
October 30, 2009
A Broken Teeter-Totter?
In a modern economy, the relationship between the purchasing power of the fiat currency and economic strength generally resembles a teeter-totter: When one goes up, the other goes down.
For example, in times of economic boom, we have more employment, more products, more consumption, more demand and more currency in circulation. Result? Price inflation. As the [...]
October 18, 2009
The Dollar’s Demise
The U.S. dollar has been the world’s reserve currency since World War II.
In March, China (and then Russia) openly attacked the greenback, calling for the dollar to be replaced as the world’s reserve currency. This call by China is particularly disturbing since China holds more U.S. debt than any other country—about $1.3 trillion—and the further [...]
October 4, 2009
Buying Gold Kills the FED & NWO.
Benjamin Fulford writes in both Japanese and English on political and economic issues. He’s an intelligent man. Still, it’s sometimes hard to tell if Mr. Fulford has the gift of prophecy or is simply a “loose cannon”. Mr. Fulford has recently written a couple of commentaries that predict the Federal Reserve could cease to exist [...]
September 27, 2009
Foreclosures Without Mortgages
Proverbs 13:22 warns that “ . . . the wealth of the sinner is laid up for the just.” I won’t say this verse describes what’s actually happening with regard to modern mortgage law, but there’s enough of a resemblance to make me wonder.
September 27, 2009
An Economy of Addiction
When it comes to addictive drugs, most people would be surprised to learn that nicotine (common tobacco) is more quickly addictive than heroin, morphine or crack. But there’s another drug that even more addictive than nicotine: free money.
Oooo, we love that free money, don’t we? More than heroin, coke, crack, tobacco, alcohol, or even ice [...]
September 23, 2009
An Economy of Addiction
When it comes to addictive drugs, most people would be surprised to learn that nicotine (common tobacco) is more quickly addictive than heroin, morphine or crack. But there’s another drug that even more addictive than nicotine: free money.
Oooo, we love that free money, don’t we? More than heroin, coke, crack, tobacco, alcohol, or even ice [...]
September 11, 2009
What is “Capital”?
Most people assume that “capital” is more or less synonymous with “money”. That assumption is false.
Michael Moore (the controversial producer-director of the movies Fahrenheit 911 and Sicko) recently achieved a little more notoriety by claiming that “capitalism” is inherently “evil”. About the same time an email was banging around the internet concerning Bill Clinton’s 1997 [...]
September 11, 2009
Come September
In A.D. 1961, Rock Hudson, Gina Lollobrigida, and Sandra Dee starred in a romantic comedy entitled “Come September”. Some of you are old enough to remember that film. Those who are younger or didn’t see the film can pretty much guess the plot, the conclusion, etc.: After a remarkable September filled with amusing confrontations and [...]
August 10, 2009
Price Deflation vs. Monetary Inflation
In a recent article entitled “Hyperinflation or Deflation,” economist and author Puru Saxena wrote:
“At present, the investment community is divided as to whether the world economy faces hyperinflation or deflation. Some observers are convinced that the central banks’ printing press will take the world towards hyperinflation whereas others believe that the ongoing contraction in American [...]
