SOURCES YOU CAN TRUST
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.
OUT OF THE DARK
The Daily Bell leads us out of the dark tunnel of manipulated press into the light of free press.
THOUGHTFUL NEWS, EXCLUSIVE INTERVIEWS
I always read the Bell. The news items are thoughtfully selected, and the interviews are unavailable elsewhere.
INSIGHT YOU CANNOT IGNORE
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.
GREAT INVESTMENT INFORMATION
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.
A VIRTUAL WHO'S WHO
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.
NEVER MISS AN ISSUE
I love the Daily Bell. Every issue is principled and informative.
GUTS, OBJECTIVITY, WISDOM
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.
Get outside the box with The Daily Bell and experience independent views.
GREAT THINKERS YOU CAN'T GET ANYWHERE ELSE
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!
I consider The Daily Bell essential reading for anyone desirous of understanding the way the world really works.
I enjoy reading The Daily Bell because it often has refreshing and novel ways of looking at things.
CUTTING EDGE ANALYSIS
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.
I read The Daily Bell every day and I find it very informative.
GREAT JOB, DAILY BELL
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.
INFORMATIVE SOURCE OF INFORMATION
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.
Liberty is under assault by Big Government. The Daily Bell is an essential tool for information for those who want to fight for freedom.
The Daily Bell has a great libertarian point of view, and excellent economic analysis. Add it to your daily reading.
VOICE OF REASON
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
PART OF MY DAILY NEWS DIET
I read it every day!
The Daily Bell features consistently solid analysis of and thoughtful challenges to contemporary statism. I am proud to be on the team.
Sit down to read from The Daily Bell and experience a jolt of intellectual energy.
PREMIER FREE-MARKET ANALYSIS
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.
PROFOUND AND PROVOCATIVE
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.
For alternative views on contemporary politics, culture and science, from a libertarian point of view, check out The Daily Bell.
THE DAILY BELL IS A MUST-READ
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.
The Daily Bell is an indispensable source of news and information for those seeking to curtail the power of the welfare-warfare state.
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.
SEPARATES WHEAT FROM CHAFF
The Daily Bell is a true beacon to lead in helping the reader to separate the wheat from the chaff.
MESSAGES OF TRUTH
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.
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.
TRUTH AT WORK
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.
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.
A MUST-READ FOR EVERYONE
The Daily Bell is a must-read for anyone who wants to understand the effects of the state on our economic future.
The Daily Bell is a fantastic source of challenging thought from a wide range of freedom loving people.
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.
READ IT EVERY DAY
A defender of free markets, The Daily Bell takes a libertarian approach to expose and unravel global misinformation. Read The Daily Bell – every day!
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.
A LEADING LIGHT
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.
AHEAD OF THE CURVE
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.
Brazil central bank cuts 2011 growth forecast to 3.5% ... Brazil's central bank has lowered its forecast for economic growth to less than half of last year's, partly blaming the slowing global economy. The central bank lowered its prediction for growth in 2011 to 3.5%, from 4% that it expected in June. Brazil has boomed as other countries have stalled, growing 7.5% last year. The bank pointed to "the deterioration in the international outlook" for the downgrade, and also to spending cuts enacted by President Dilma Rousseff. – BBC News
Dominant Social Theme: The world has troubles, but things will be fine. The BRICs are solid enough for the rest of us to build on.
Free-Market Analysis: In India, the government believes it's OK for up to 70 percent of the country to live on fifty cents (US) a day; in Brazil, growth is slowing markedly (see article excerpt above); and China continues to struggle with unrest and growing doubts about its ongoing industrial boom.
The world is focused mostly on Europe's problems and to a lesser extent America's, but it's the BRICs' struggles that may ultimately prove the most damaging to what's left of the world's economy. With half of Europe unraveling and America sliding further into recession, the BRICs have seemingly proven to be a bedrock of stability, but it may be an illusory one.
We've often pointed out that the whole narrative regarding the BRICs is somewhat phony – a dominant social theme purveyed by the Anglosphere power elite that wants the world to believe faux "capitalism" is effective in reducing poverty and providing people hope. Of course, this doesn't explain why billions live on a dollar a day, even in places where the capitalist "miracle" is supposed to have taken effect.
In fact, these industrial "miracles" have more to do with monetary stimulation than real, long term growth. But we're not supposed to notice that. The mainstream media does its job as best it can, trumpeting the progress of India, Brazil and especially China while avoiding any mention of the fundamental, pernicious and ultimately ruinous monetary stimulation.
Can it be otherwise? If one looks at these economies unsentimentally, the reality becomes clear. The BRICS are entirely dependent on Western style central banking economies and stimulation for their "progress." Both Brazil and China (India, too) have poured money into their economies with the same sort of crazed abandon – and results – as the West. Eventually, the bill will come due, as it already has in the West.
Once the economic infrastructure has been put into place, it's easy to over-stimulate economies by printing money and keeping interest rates low. Or in the case of Brazil, targeting industry and the larger economy with various kinds of pump-priming campaigns that then demand higher interest rates to keep price inflation under control.
Of course, when interest rates go up, capital is attracted and the hot money pours into the economy, often aggravating price inflation. Brazil's central planners have struggled with this as well. Brazil's interest rate has been held artificially high as a result – around 12.5 percent.
It's no wonder with those kinds of rates that "growth" has slowed and that central bankers are contemplating a "cut" to 12 percent. The government also intends to remove "stimulus" introduced since the 2008 financial crises. The same pattern can be seen in India and China, too, where interest rates have also been used aggressively to manipulate economic growth.
For China, the result of so much monetary manipulation has meant empty cities, unfinished infrastructure and vacant skyscrapers across the country. It has also meant, as infrastructure is completed, that the haste with which it has been built becomes increasingly evident.
Failing or shoddy roads, bridges and tunnels don't always call attention to themselves immediately, but large railroad accidents are impossible to cover up. According to the UK Telegraph, a pair of violent rail incidents, one in Shanghai just this week (on Tuesday) and another in Wenzhou that received a lot of publicity in July, have proven impossible to downplay.
The two accidents have given rise to the term "blood-stained GDP" and the Chinese Communist Party has reacted by vowing to fix problems and avoid further risks. "The tragedies in Wenzhou and Shanghai keep reminding people that China cannot afford failure," stated a recent editorial in a major Communist-run newspaper.
These are not small incidents, and railroad accidents rarely are. Perhaps 270 people were injured on Tuesday in a train collision and 40 were killed in a high-speed collision in Wenzhou. Making matters worse, the Wenzhou rescue effort was badly managed and further aggravated by a clumsy cover-up.
Now the anger is palpable and the normally cautious Chinese are venting, even on the Internet. "A blogger named Qi Jie on Sina Weibo, a popular Twitter-like service, suggested tying officials to the first car of every subway train to ensure that safety standards improved."
Unable to duck the problem, the Chicoms are reducing train speed, firing bureaucrats and generally retreating from the vision of nationwide high-speed rail. Here's some more from the Telegraph article:
Between 2010 and 2015, China will have invested $180 billion in subway lines, tripling the network's reach to 1,864 miles. It's an investment the country needs to get right, as China is now the world's biggest purchaser of automobiles and congestion has started to take an economic toll.
An IBM survey released last year determined that Beijing and Mexico City have the worst commutes in the world. The World Resources Institute has emphasized the need for sound transportation policy given the effect rising car ownership has on pollution and China's oil security.
But expanding the country's transportation network will now continue under a cloud of public skepticism. "Careful planning is a must before a city begins to construct its subway system. Otherwise, it'll be a regret that can last over 100 years," Shi Zhongheng of the Urban Rail Transit Research Center at Beijing Jiaotong University told the China Youth Daily.
The reaction of Chinese officials sounds good but misses the point. The various infrastructure plans come out of the same flawed central planning that has given China empty cities and cavernous, unpopulated malls. These are downplayed as part of the larger wisdom of Chinese central planning. The same sort of commentary was aimed at the USSR's "industrial miracle' circa 1950.
When the Chinese economy crashes – and we think it will happen sooner rather than later – the insanity of the 20-year easy money bubble will be more fully revealed. Much of the "growth" that China has experienced will be seen to be a race to fulfill industrial quotas set by the party. Nothing about the Chinese miracle is organic, at least not at the top. Same goes for the rest of the BRICs.
Scratch the surface of the BRIC miracles and you find central planning aided and abetted by monetary stimulation. In fact, one could argue that the real difference between the ponderous and inefficient socialist practices of the 20th Century and the hyper-charged "progress" of the 21st is merely the result of Western-style central banking.
Modern central banking economics is not sustainable. Sooner or later, the BRICs will find themselves facing the uncontrollable unraveling that Europe and America face. It's inevitable, and only the timing is unknown. China's railroad crashes are like the tolling of a bell marking the end of the BRICs manipulated "miracles."