EDITORIAL Showing 851 - 900 of 1936
Public Choice Theory is Overlooked
April 24, 2013
Whenever public officials promise to manage affairs of state, I am baffled how they fail to pay heed to public choice theory. This is the idea for which the late, great James Buchanan, earned his Nobel Prize (an idea he developed with his friend and colleague G ...
The Recovery That Never Happened
April 23, 2013
Gold seemed to be stabilizing at the end of last week. Commodities remained weak. Steel has fallen 31% this year. Brent crude is off 17% since early February. And copper is down 15%. Copper is the metal you need to make almost anything – houses, cars, electro ...
Congress Exploits Our Fears to Take Our Liberty
April 22, 2013
This week, as Americans were horrified by the attacks in Boston, both houses of Congress considered legislation undermining our liberty in the name of "safety." Gun control continued to be the focus of the Senate, where an amendment expanding federal "backgroun ...
Japan Steps into the Void
April 22, 2013
In the years following the global financial crisis, economists and investors have gotten very comfortable with very high, and seemingly persistent, government debt. The nonchalance may be underpinned by the assumption that globally significant countries that ca ...
Rand Is the Man To Enhance the GOP Base
April 22, 2013
"Republicans believe every day is the Fourth of July, but the Democrats believe every day is April 15." – Ronald Reagan Romney lost the 2012 elections not only because he was a poor candidate choice for the GOP but more importantly because the Republican lead ...
US 'Decline' Ending or Just Beginning?
April 20, 2013
Global analyst Ian Bremmer has written a provocative new editorial posted at Reuters.com on "the end of the American Decline." We've commented on some of Bremmer's ideas before because he's a youthful "big thinker" who has received a lot of publicity for severa ...
Who Said the Hydra Would Take It Lying Down
April 19, 2013
... while its several heads were being chopped off one-by-one? I have never appealed to the so-called conspiracy theories in trying to explain the strange world of fluctuations in the price of monetary metals. But neither have I ever said that the fiat-money Hy ...
4-12 PSYOPS
April 18, 2013
On the website wikipedia.org, under PSYOPS, the abbreviation used for "Psychological Operations" in government circles, we find: "PSYOPS [....] Various techniques are used, by any set of groups, and aimed to influence a target audience's value systems, belief s ...
The Corruption of Individual Rights
April 17, 2013
Whenever a good idea surfaces, there will surely be many who will try to hitch their wagon to it filled with corrupt versions that aim to serve numerous purposes having little to do with the original good idea. One example is the idea of individual natural huma ...
America's Ruling Troika
April 17, 2013
Who rules America today? Not the people; they have been vanquished. America is ruled today by a collectivist Troika – an Executive-Congressional Combine, Judicial Oligarchs, and a Corporatist Banking Cartel – who have as much concern for the resplendent pri ...
Gold in the Crosshairs
April 16, 2013
In the opening years of the last decade, most mainstream investors sat on the sidelines while "tin hat" goldbugs rode the bull market from below $300 to just over $1,000 per ounce. But following the 2008 financial crisis, when gold held up better than stocks du ...
Why Can't We All Travel To Cuba?
April 15, 2013
Earlier this month, entertainers Jay-Z and Beyoncé were given a license by the US government to travel to Cuba. Because it is not otherwise legal for Americans to travel to Cuba, this trip was only permitted as a "cultural exchange" by the US Treasury Departme ...
Introducing the Updated 4th Edition of the Book That Helped to Change the Internet
April 13, 2013
The latest edition of High Alert is available and you ought to read it. Over six years ago now, we introduced the book that has helped change the Internet. Ron Paul has said about High Alert, "High Alert should be read by everyone who wishes to educate themselv ...
No Difference in Ideology and Values
April 13, 2013
When you consider what is the difference between the ideology of North Korea and that of the U.S.A., it is difficult to say. In practical terms, of course, the U.S.A. is still largely individualistic but our leaders, especially President Obama, embraces a rheto ...
Of Bubbles and Bitcoins
April 11, 2013
The newest invention in monetary affairs are the so-called Bitcoins. Their creators and promoters explain them as follows: 'Bitcoins are digital money. They are transferred person to person through Internet without going a bank or a clearinghouse, so they are i ...
A State of Amusement
April 11, 2013
This week's Solari Story from Catherine Austin Fitts is titled "A State of Amusement." Here's a bit of the transcript: We're in a situation where we've been operating for 500 years in a financial model. I call it the Central Banking Warfare model. So imagine if ...
Public Museums and Censorship
April 10, 2013
Is there a difference between censorship and selectivity? In a private gallery or museum the owners or curators must always be selective. There isn't infinite, unlimited room available to place all the art that might be exhibited. Good judgment is part of the j ...
Why Money Printing Makes You Poorer
April 10, 2013
We can barely catch our breath. We can't stop laughing. Last week, Japan announced that it would undertake a bold and radical experiment. After 23 years of on-again, off-again deflation, the new government decided it had had enough of things getting cheaper. Th ...
Cypriot Chaos Assists EU Centralization
April 09, 2013
Remarks by members of the European Union's elite suggesting that banking deposit seizures may become standard practice appear to have heightened the risk of a European bank run and perhaps even a catastrophic collapse of the euro. Any threat to the euro is a th ...
Emulate Ron Paul
April 08, 2013
This talk was delivered to the Alabama state convention of Young Americans for Liberty in Auburn, Alabama, on April 6, 2013. I've had the privilege of knowing Ron Paul for 37 years. I worked as his chief of staff during his early years in Congress, and he playe ...
Homeschooling: The Future of Liberty
April 08, 2013
A common feature of authoritarian regimes is the criminalization of alternatives to government-controlled education. Dictators recognize the danger that free thought poses to their rule, and few things promote the thinking of "unapproved" thoughts like an educa ...
Offshore Banking and the Shadow of the Gallows …
April 06, 2013
Is it over? This is an issue I want to address today because it has not been adequately reported by the mainstream media. Listen closely and you will hear shrieks of silent, psychic pain emanating from luxurious apartments and boardrooms around the world. The w ...
The Stockman Backlash
April 05, 2013
This week, while economists should have been closely considering the implications of the actual bankruptcy of Stockton, California, they instead heaped scorn on the perceived ideological bankruptcy of David Stockman. In other words, Stockman trumped Stockton. R ...
The Assault On Gold
April 05, 2013
For Americans, financial and economic Armageddon might be close at hand. The evidence for this conclusion is the concerted effort by the Federal Reserve and its dependent financial institutions to scare people away from gold and silver by driving down their pri ...
A Regulatory Illusion
April 04, 2013
The International Monetary Fund (IMF) is much in the news these days given that Europe is convulsed first by monetary incompetence and then by IMF-oriented "austerity." As these pages show regularly, the IMF has ambitions of becoming a global central bank of la ...
The Mom and Pop Predicament
April 04, 2013
This week's Solari Story from Catherine Austin Fitts is titled "The Mom and Pop Predicament." Here's a bit of the transcript: I find there's a real effort now to blame Mom and Pop USA for what's happening and it's one of the most frustrating things for me. Yes, ...
Flying High on Borrowed Wings
April 03, 2013
After selling off an astounding 56% between October of 2007 and March 2009, the S&P 500 has staged a rally for the ages, surging 120% and recovering all of its lost ground too. This stunning turnaround certainly qualifies as one of the more memorable, and unusu ...
Holding Your Nose for Principles
April 03, 2013
One of the difficulties with standing on principle is that often one is defending them when they are practiced by bad people. Or when bad conduct is involved. In both kinds of cases one may have no sympathy at all for the specifics but still finds it important ...
The Great Cyprus Bank Robbery
April 01, 2013
The dramatic recent events in Cyprus have highlighted the fundamental weakness in the European banking system and the extreme fragility of fractional reserve banking. Cypriot banks invested heavily in Greek sovereign debt, and last summer's Greek debt restructu ...
Central Banking Is Central Planning
March 30, 2013
A book review in the Wall Street Journal by associate professor of economics at San Jose State University Jeffrey Hummel entitled "The New Central Planning" tends to confirm the perspective that the Federal Reserve is under continued attack. The upshot may be a ...
The Black Budget
March 29, 2013
This week's Solari Story from Catherine Austin Fitts is titled "The Black Budget." Here's a bit of the transcript: "If you want to understand how things got as sort of wacky as they've gotten, you really want to dip into and try and understand what the black bu ...
Ideology Again
March 28, 2013
Perusing the Sunday New York Times will almost guarantee running across the term "ideology" in various commentaries and news analyses. In her essay in Week in Review, titled "Cutting Slack Is So Old School," Sheryl Gay Stolberg invoked the term as follows: she ...
The Anti-Ideology Syndrome
March 27, 2013
Modern intellectuals are anti-ideology. They shun its use like kings and high priests shun voting. One of the first putdowns a student receives from a liberal professor when expounding the basic principles of capitalism in a college classroom is, "Oh, that's to ...
The Stimulus Trap
March 26, 2013
For years we have been warned by Keynesian economists to fear the so-called "liquidity trap," an economic cul-de-sac that can suck down an economy like a tar pit swallowing a mastodon. They argue that economies grow because banks lend and consumers spend. But a ...
Neo-Con War Addiction Threatens Our Future
March 25, 2013
William Kristol knows what is wrong with the United States. As he wrote recently in the flagship magazine of the neo-conservatives, the Weekly Standard, the problem with the US is that we seem to have lost our appetite for war. According to Kristol, the trouble ...
Welfare Rights are Wrong
March 25, 2013
Ever since John Locke developed the theory of natural individual human rights, there has been an ongoing attempt to change his idea to something very different. For Locke the natural rights all human beings have are basically prohibitions. They forbid people fr ...
I'm Keeping the Lights on for Earth Hour
March 23, 2013
US News tells us that libertarians want to "keep the lights on" for the current Earth Hour. Earth Hour is a worldwide event organized by the World Wildlife Fund (WWF), "encouraging households and businesses to turn off their non-essential lights from 8:30 p.m. ...
Cyprus Lifts the Curtain
March 22, 2013
This week financial analysts, economists, politicians, and bank depositors from around the world were outraged that European leaders, more specifically the Germans, currently calling many of the shots in Brussels and Frankfurt, could be so politically reckless, ...
How to Be Smarter Than Your Mutual Fund Manager
March 21, 2013
Earlier this month, the Financial Post published an article entitled, "Five Things You Should Know Before Buying a Mutual Fund." The article made some good points about mutual funds and how their performance is based, quite naturally, on what is good for the fu ...
A Précis on Libertarianism and Capitalism
March 21, 2013
Libertarianism is the political system wherein the highest political good is the protection of the individual citizen's right to life, liberty and property. Capitalism is the economic system of libertarianism since in libertarian societies the institution of th ...
What is Transparency?
March 21, 2013
This week's Solari Story from Catherine Austin Fitts is titled "What is Transparency?" Here's a bit of the transcript: "To me, transparent is when I can understand it so to me, a transparent financial system is one where I can relate what is happening – I hav ...
Spending Patterns Paint Half Truth
March 20, 2013
On March 13th, the Commerce Department announced a 1.1 percent increase in food and services retail sales, doubling a prior Dow Jones survey of economists that forecast an increase of just 0.6 percent. This new data has led to a fresh wave of enthusiastic comme ...
The Complexity of Billionaires
March 19, 2013
This weekend I read Forbes' new special edition on billionaires. In his introduction, "They succeed by meeting your needs," Steve Forbes writes: "The overwhelming majority of these people have moved ahead through meeting the needs and wants of other people, not ...
Iraq After Ten Years
March 19, 2013
March 19, 2013. Ten years ago today the Bush regime invaded Iraq. It is known that the justification for the invasion was a packet of lies orchestrated by the neoconservative Bush regime in order to deceive the United Nations and the American people. The US Sec ...
The Congressional Budget Debate Is Just A Sideshow
March 18, 2013
Federal spending once again dominated the debate in Washington last week, as House Republicans and Senate Democrats began work on their ten-year budget plans. Contrary to claims, neither party's budget reduces spending. While the Republican plan increases spend ...
The Soviet Goal in the Cold War
March 18, 2013
For a very long time after I left communist Hungary I have been witnessing how numerous Western "Sovietologists" have been trying to clear the USSR of any responsibility for imperialism and, thus, the Cold War. In the April 2013 issue of Harper's magazine one J ...
Greenspan Discusses the End of the Fed … What Comes Next?
March 16, 2013
An interesting article in Forbes entitled "If Alan Greenspan Wants To 'End The Fed', Times Must Be Changing," informs us that the predictions we made long ago about the Federal Reserve are coming true. The author of the article is Nathan Lewis, an economist, fo ...
A Few Choice Quotes to Consider*
March 14, 2013
Bannister on Theories: "... the psychologist cannot present a picture of man which patently contradicts his behavior in presenting that picture." From Borger & Cioffi/Bannister, eds., Explanation in the Behavioural Sciences (Cambridge UP, 1970), p. 417. Aristot ...
Federal Finances and Law
March 14, 2013
This week's Solari Story from Catherine Austin Fitts is titled "Federal Finances and Law." Here's a bit of the transcript: "The federal finances are subject to constitutional requirements about how our money's managed. So the Constitution lays out a framework a ...
Staring Armageddon In The Face But Hiding It With Official Lies
March 12, 2013
According to the Bureau of Labor Statistics, the US economy created 236,000 new jobs in February. If you believe that, I have a bridge in Brooklyn that I'll let you have at a good price. Where are these alleged jobs? The BLS says 48,000 were created in construc ...
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