News Analysis


    I love the Daily Bell. Every issue is principled and informative.

    Lew Rockwell
    Founder of the Mises Institute


    The future is created by the people who build it, not the people who predict it will not exist. You can meet lots of important builders by reading The Daily Bell.

    Catherine Austin Fitts
    Former Assistant Secretary of Housing and Federal Housing Commissioner


    The Daily Bell leads us out of the dark tunnel of manipulated press into the light of free press.

    John Perkins
    Bestselling Author


    I can say that, unlike the mainstream press, The Daily Bell knows the questions to ask and has the chutzpah to ask them. They realize that socialism and Keynesianism are wrecking the world and they are helping to save what is left of liberty and free markets.

    Richard J. Maybury
    Author, Editor of U.S. & World Early Warning Report


    The Daily Bell has revived that great old institution of the personal interview, extracting information from today's great thinkers you can't get anywhere else. Outstanding!

    Jeffrey Tucker
    Author, Executive Editor of Laissez Faire Books


    The Daily Bell is a fantastic source of challenging thought from a wide range of freedom loving people.

    Dr. Joel Wade
    Author, Psychotherapist and Life Coach


    I read it every day!

    Jim Rogers
    Bestselling Author, Co-founder of the Quantum Fund


    I really enjoy reading The Daily Bell for the excellent research and content provided on a wide variety of issues vital to the Freedom Movement.

    Dr. Mark Skousen
    Author & Founder of FreedomFest


    The Daily Bell is a true beacon to lead in helping the reader to separate the wheat from the chaff.

    Dr. Antal Fekete
    Author, Educator and Monetary Scientist


    The Daily Bell features consistently solid analysis of and thoughtful challenges to contemporary statism. I am proud to be on the team.

    Dr. Tibor Machan
    Author and Philosopher


    I read The Daily Bell every day and I find it very informative.

    Marc Faber
    Dr. Marc Faber, Author, Publisher of The Gloom Boom & Doom Report


    For alternative views on contemporary politics, culture and science, from a libertarian point of view, check out The Daily Bell.

    Michael A. Cremo
    Author, Vedic Archeologist


    Rarely does a publication have the guts and objectivity to tell it like it is, yet the eloquence and wisdom to listen carefully to the ‘other side.’ This is The Daily Bell accomplishing its daily mission.

    James Jaeger
    Telly Award-winning Filmmaker


    I have thoroughly enjoyed the analysis and interviews at The Daily Bell, which has so often been a voice of reason during these perilous times

    Dr. Thomas Woods Jr.
    NY Times Bestselling Author & Senior Fellow, Mises Institute


    The Daily Bell rings out for liberty every day. It is the premier online source for insightful and hard-hitting free-market analysis and interpretation of economic, political and business events.

    Dr. Richard Ebeling
    Author, Professor of Economics at Northwood University


    At a time when growing majorities worldwide are tuning out mainstream news, people are seeking the cutting edge, insightful and thought provoking analysis that The Daily Bell consistently provides.

    Gerald Celente
    Bestselling Author, Founder of the Trends Research Institute


    The Daily Bell website is one of the authentic voices cutting through the clouds of vapid opinion, the morass of mediocre media and the confusion of Orwellian doublespeak. The Bell website lives up to its name, ringing unheard messages of truth in our ears.

    Jeffrey Armstrong
    Award-winning Author, Vedic Philosopher


    Every day, I rely on the Daily Bell for a different perspective you'll never find in the regular media. It's an analysis and timely insight that is profound and provocative.

    Craig Huey
    Author, Small Business Owner


    There are very few publications out there that have the smarts and guts to tell the truth about the dictatorial forces at work destroying our civilization. Thankfully The Daily Bell is one of them, and it appears in the mailbox every day.

    Nelson Hultberg
    Author, Director of Americans for a Free Republic


    The Daily Bell is an informative source of information and commentary from leading figures in the liberty movement. It's a pleasure to be interviewed alongside far more notable individuals.

    Alexander McCobin
    Executive Director of Students for Liberty


    I enjoy reading The Daily Bell because it often has refreshing and novel ways of looking at things.

    Bill Bonner
    Bestselling Author, Founder of Agora Publishing


    The Daily Bell provides unique insights on contemporary political, economic and social problems that can be found in such a concentrated form nowhere else. Whether one agrees or disagrees with it, one cannot afford to ignore it.

    Dr. Edwin Vieira
    Author and Constitutional Expert


    The Daily Bell has come out of nowhere to introduce to the Internet community some of the most intriguing and proactive interviews there are out there. Let's hear it for creativity and being ahead of the curve.

    Bill Murphy
    Chairman of Gold Anti-Trust Action Committee


    Liberty is under assault by Big Government. The Daily Bell is an essential tool for information for those who want to fight for freedom.

    Steve Forbes
    Chairman and Chief Executive Officer of Forbes Media


    The Daily Bell is an indispensable source of news and information for those seeking to curtail the power of the welfare-warfare state.

    Dr. Grant Havers
    Chair, Department of Philosophy, Trinity Western University


    I consider The Daily Bell essential reading for anyone desirous of understanding the way the world really works.

    Lord William Rees-Mogg
    Author, Former Deputy Editor, Financial Times


    Because the world is changing so rapidly, it is difficult to keep up, which means The Daily Bell is a must read. I consider the information critically important reading.

    Dave Morgan
    Author, Editor of


    The Daily Bell does a remarkable job of exposing how money power uses central banking to crush people into submission via global government with economic and political slavery being the desired end result.

    John Browne
    Former Secretary of the Conservative Defense and Finance Committees, UK Parliament


    A defender of free markets, The Daily Bell takes a libertarian approach to expose and unravel global misinformation. Read The Daily Bell – every day!

    Charles Payne
    FOX Business Analyst


    Sit down to read from The Daily Bell and experience a jolt of intellectual energy.

    Dr. Nathaniel Branden
    Psychotherapist, Bestselling Author


    The good and the bad, the big dogs and the small, the thinkers and the doers among libertarians and on the "Right" – you can encounter them all in The Daily Bell's exclusive weekly interviews. Indispensable.

    Dr. Hans Herman-Hoppe
    Author, Economist and Libertarian Philosopher


    Get outside the box with The Daily Bell and experience independent views.

    Paul Craig Roberts
    Author, Former Assistant Secretary of the Treasury in the Reagan Administration


    The Daily Bell has a great libertarian point of view, and excellent economic analysis. Add it to your daily reading.

    Peter Schiff
    Chairman and Chief Executive Officer, Euro Pacific Capital


    The Daily Bell should be on everyone's shortlist of news sources you can trust. It's on mine, and we often refer to it in our own weekly news service at The Reality Zone.

    G. Edward Griffin
    Author, Founder of Freedom Force International


    The Daily Bell is one of the most innovative and in-depth websites on the Internet. The breadth of the content is awe inspiring and the amount of knowledge imparted is almost impossible to quantify. For me, as a liberty minded seeker of knowledge, it is a must read.

    Jeff Berwick
    Founder of


    I always read the Bell. The news items are thoughtfully selected, and the interviews are unavailable elsewhere.

    Doug Casey
    Bestselling Author and Founder of Casey Research Group


    There is no other publication in print or on the Internet like The Daily Bell. They have the courage to report the truth and analyze current foreign policy, politics and economic events in the context of a formerly hidden history of financial elites.

    Ron Holland
    Author & Monetary Analyst


    The Daily Bell is a must-read for anyone who wants to understand the effects of the state on our economic future.

    Dr. Thomas DiLorenzo
    Professor of Economics, Loyola University Maryland


    I love reading The Daily Bell! Interesting investment information, a political and social viewpoint that lets me know I'm not alone in the world and "annotated" with analysis. I highly recommend it to all interested readers.

    Rick Rule
    Founder of Global Resource Investments Inc.


    The Daily Bell affords an excellent alternative perspective on some of the noise and nonsense of mainstream media. In particular, I enjoy reading Anthony Wile's 'free-market analysis' on current subjects and articles. Very insightful.

    Frank R. Suess
    Chairman & CEO of BFI Capital Group Inc.


Subscribe now to start your FREE email subscription to:

The Daily Bell Newswire

By subscribing, I confirm that I have read the privacy policy and the terms of use policy in its entirety and I understand and accept these terms.


South Africa Vanishes With Its Gold?

Last week's shocking announcement by Statistics South Africa that the nation's gold production had hit a 90-year low was met with token media coverage and surprisingly, hardly any outrage from labour unions, civil society or indeed the country's population at large ... The legacy of hatred and bitterness incited by the Anglo-Boer war and its cruel aftermath stimulated a toxic and destructive Afrikaner nationalism that eventually took hold of the country, with repercussions lasting almost a century. Throughout this period, gold provided an underpin to the nation's economy. It contributed handsomely to tax coffers and generated valuable foreign revenue. What followed was spectacular wealth for a few and employment for thousands of desperate, marginalised people under despicable conditions at a very low wage. – Daily Maverick

Dominant Social Theme: Everything is still okay. Once apartheid died, the future became bright in both Zimbabwe and South Africa.

Free-Market Analysis: We never believed that either Zimbabwe or South Africa would work out as countries with a shared black and white heritage. Our fears have already been borne out in Zimbabwe and soon, we fear, the same sort of destruction will be visited on South Africa.

Within this context, gold production can serve as a sort of metaphor or barometer of national health. Now that gold production has hit a 90-year low, we wonder if South Africa itself is beginning to descend into the kind of vicious racism that has so scarred Zimbabwe.

Certainly black people in South Africa and Zimbabwe are justified in harboring a certain bitterness in their hearts over what occurred. But as circumstances change, so should those feelings. To continue to hate white people for apartheid in South Africa is ultimately self-defeating. It will likely contribute to lower South African living standards and diminished wealth. This has already happened in Zimbabwe.

The African National Congress (ANC), Africa's dominant political party, is having a good deal of trouble proceeding and reports are that it might break up into several factions. One of the ways ANC leaders are attempting to salvage their political fortunes is by whipping up black-on-white resentment. This has the predictable effect of putting psychological pressure on white people in South Africa. Here's an excerpt from a recent article on South Africa and a potential white exodus:

More white, Indian youth want to leave South Africa: survey ... The number of white and Indian South African youth wishing to leave the country has increased, according to a survey. Spokeswoman Shirley Wakefield said 2606 respondents aged between 18 and 34 participated in the survey, where they were asked if they wanted to live in the country for good or if they wished to live in another country.

"Fifty-six percent of whites, and 53% of Indians expressed the desire to emigrate, far higher than black respondents with 33%, and coloureds at 43%," said Wakefield in a statement. The company said the overall number of youths who wished to leave the country rose from 25% three months ago to 36% in November.

"The findings of our latest survey are alarming. In only three months, the number of young South Africans wanting to emigrate has increased by nearly 50%," said Wakefield. She said the survey showed that those who wanted to leave the most were mostly young people whose skills were desperately needed in the country.

It would be a great shame if South Africa would go the way of Zimbabwe. But we would not be surprised. The results of escalating South African infighting will not benefit any population. But inevitably, failing politicians will create further discord to suit their own purposes.

The white upper classes and landowners are starting to leave in larger numbers, from what we can tell. Lower-class whites will not likely travel abroad beyond the continent so they will go to other African countries that will welcome them for their food growing skills, according to sources familiar with the South African scene.

The result will be basically to weaken food security around Africa and to bring Nigeria's dominance to the fore. Nigeria is a huge country with a corrupt political culture and its ascendance will not benefit Africa greatly, from what we have heard.

Nonetheless, from our point of view this is what the Western elites have been driving toward as they apparently wish to construct world government and to create an African Union that is analogous to the European Union in size if not in efficacy.

It is not well understood that the system of apartheid was developed by the British in the 1920s and imposed on South Africa. The Boers did not invent it, though they grew up under it and eventually endorsed it or at least tried to reconfigure it to make it work.

But how can one make institutionalized racism work? The other end of the disinformation spectrum presents the current crop of black leaders as "wise men" who will rescue South Africa from a violent and dissonant destiny.

Thus, we have a dominant social theme – that government actions taken to reduce racism are feasible and effective. The subdominant theme in this case is the idea that the current crop of black leaders in South Africa (and Zimbabwe) is capable of configuring a wiser government than previous white governments.

Both of these ideas contribute to the larger power elite meme that government itself is a malleable force for good and a necessary one when it comes to addressing the ills of society. For this reason, there has not been the kind of emphasis on Zimbabwe's miserable decline that there was on apartheid regimes in South Africa and Rhodesia (before it was renamed).

If South Africa falls apart, there will not be a great deal of mainstream reporting, either, we would guess. In fact, the power elite will simply push forward with their plans to centralize Africa under one regime. The removal of Libya's Muammar Gaddafi was a step in this direction, from what we can tell.

The article above points out that the ANC-led government has made "great strides in improving the lives of the average mine worker. Despite these efforts, which were not only necessary but overdue, it has sadly watched in despair as gold production began a progressively downward slide."

What has been the result? " Frustratingly, this too culminated in an ever-increasing metals prices market, of which the country saw no benefit."

This is, in fact, the larger story of South Africa and Zimbabwe. As blacks have finally overcome some of the horrors of apartheid, their governments have focused cruelly on socialism and the expansion of quasi-authoritarian rule. They have overpromised and under-delivered.

The Maverick puts its this way: "Quite simply, government has failed in its duty to nurture the industry that continues to employ thousands of people – and the many more that depend on them for a decent living. Informal research indicates that up to seven people are directly supported by every South African miner."

And The Maverick adds:

Whilst its intentions may have been noble, government's stringent requirements on the industry have placed management under pressure to comply with excessive bureaucracy in the form of biased labour legislation. The result is that rather than focusing on operations, management is often locked in protracted wage negotiations with labour, their hands tied by the fact that the very same labour is increasingly unproductive. There is a high prevalence of silicosis, tuberculosis and HIV/Aids in mines across SA."

The industry has suffered crippling strikes – the damage not only confined to the number of days lost to no production. The knock-on effects are significant.

Why on earth would investors sink vast amounts of capital into new or expansion projects if government is perceived to be charging them a kings ransom, only at the same time unable to assure them of basic services?

In South Africa, the past does matter. It explains the present. Gold, and the mining industry in general, continues to set the agenda – in this case, the political. But for how much longer? Gold's significant 200-year influence on the Republic of South Africa is soon coming to end, some say within 30 years. What a sad day it shall be.

It will be a sad day, indeed, but one that could still be avoided if there is more stress on free markets in South Africa and less emphasis on the evils of apartheid and the continuing exploitation of African blacks by white people. But if land expropriation becomes the chosen course and if white people do not even receive compensation for their lands, the bitterness shall rise and the future shall beckon that parallels Zimbabwe.


The consistent decline and government mismanagement of South Africa's gold mines is a warning call to those who are concerned about South Africa and the direction in which it is headed. Will it be heeded?

Rate this article:

Total Ratings: 0 - Average Rating: 0.0

Who We Are

The Daily Bell is published by a dedicated team of experienced researchers and writers who utilize Anthony Wile’s VESTS model to analyze sociopolitical, economic and financial information from a free-market perspective, debunking mainstream media memes and providing insights and analysis derived from business cycle analysis that yield timely insights into profitable investment trends.

Sign Up for our FREE Newsletter

Subscribe now to start your FREE email subscription to
The Daily Bell Newswire.