INVESTORS EDGE
 

News & Analysis

Testimonials
  • THOUGHTFUL NEWS, EXCLUSIVE INTERVIEWS

    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

  • EXCELLENT RESEARCH

    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

  • 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.

    Dr. Thomas DiLorenzo
    Professor of Economics, Loyola University Maryland

  • 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.

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

  • 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.

    Craig Huey
    Author, Small Business Owner

  • INDISPENSABLE INFORMATION

    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

  • 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.

    G. Edward Griffin
    Author, Founder of Freedom Force International

  • 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!

    Jeffrey Tucker
    Author, Executive Editor of Laissez Faire Books

  • EXCELLENT ANALYSIS

    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

  • 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.

    Bill Murphy
    Chairman of Gold Anti-Trust Action Committee

  • INDEPENDENT

    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

  • CONSISTENTLY SOLID

    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

  • 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.

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

  • POWERFUL INSIGHTS

    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

  • 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

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

  • SIMPLY TERRIFIC

    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

  • FANTASTIC SOURCE

    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

  • 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.

    James Jaeger
    Telly Award-winning Filmmaker

  • ONE OF MY FAVORITE SITES

    The Daily Bell is one of five sites that I review every day because I find there a clear, common-sense interpretation of everyday events.

    Hugo Salinas-Price
    Mexican Billionaire, Founder of Grupo Elektra

  • 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.

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

  • 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.

    Dr. Edwin Vieira
    Author and Constitutional Expert

  • 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.

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

  • 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.

    Rick Rule
    Founder of Global Resource Investments Inc.

  • 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.

    Nelson Hultberg
    Author, Director of Americans for a Free Republic

  • INTELLECTUAL JOLT

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

    Dr. Nathaniel Branden
    Psychotherapist, Bestselling Author

  • 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.

    Jeffrey Armstrong
    Award-winning Author, Vedic Philosopher

  • ESSENTIAL READING

    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

  • 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.

    Alexander McCobin
    Executive Director of Students for Liberty

  • EXCELLENT PERSPECTIVE

    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.

  • RECOMMENDED READING

    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

  • REFRESHING

    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

  • 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.

    Gerald Celente
    Bestselling Author, Founder of the Trends Research Institute

  • SEPARATES WHEAT FROM CHAFF

    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

  • AWE INSPIRING

    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 DollarVigilante.com

  • OUT OF THE DARK

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

    John Perkins
    Bestselling Author

  • COURAGEOUS REPORTING

    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

    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 Silver-Investor.com

  • PART OF MY DAILY NEWS DIET

    I read it every day!

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

  • 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!

    Charles Payne
    FOX Business Analyst

  • VERY INFORMATIVE

    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

  • NEVER MISS AN ISSUE

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

    Lew Rockwell
    Founder of the Mises Institute

 

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.

 

 
US Rebounds? Prosperity Around the Corner?

America overcomes the debt crisis as Britain sinks deeper into the swamp ... Britain has sunk deeper into debt. Three years after bubble burst, the UK has barely begun to tackle the crushing burden left by Gordon Brown. The contrast with the United States is frankly shocking ... The latest report on "Debt and Deleveraging" by the McKinsey Global Institute shows that total public and private debt in the UK is still hovering at an all-time high. It has risen from 487pc to 507pc of GDP since the crisis began ... The ordeal of belt-tightening will be grim, dragging out for a generation if Japan is any guide. The Japanese at least began their post-bubble debacle as the world's top creditor nation with a trade super-surplus and a savings rate of 17pc. Britain has no such buffers. It is a very different picture in the US where light is emerging at the end of the tunnel. American banks, firms, and households have been chipping away at their debts, more than offsetting Washington's double-digit deficits. The total burden has dropped to 279pc, down from 295pc at the peak of the boom. Households have purged roughly a third of the excess, roughly tracking the historic pattern of post-bubble deleveraging. – UK Telegraph

Dominant Social Theme: The US is really doing well. It only appeared to be doing badly. And President Barack Obama is doing better and better ...

Free-Market Analysis: Every now and then our favorite mainstream journo, Ambrose Evans-Pritchard, runs off the tracks. Evans-Pritchard makes the case (see excerpt above) that Britain is not recovering from the 2008 financial crisis but that the US is on the way up.

Say what? As a publication that covers dominant social themes of the power elite – the fear-based promotions that frighten middle classes into giving up power and wealth to globalist constructions – we would point to this sort of article as a good example of power elite rhetoric.

We are not accusing Evans-Pritchard of purposefully writing an article that buttresses Anglosphere power-elite themes. In fact, he's an acute observer of the economic scene and has written a steady stream of great articles about the increasingly hopeless position of the euro and even the European Union itself. But in this case, whether or not he is aware of the larger promotional picture, he certainly has written an article that fits into a trend we are observing.

Taken at its broadest brush, we tend to believe the powers-that-be want US President Barack Obama re-elected. This is because evidently and obviousy he is "their" man. They've put a lot of time and energy into making him seem presidential in our view. They've awarded him the Nobel Peace Prize (!); they've ensured massive, positive coverage of him and his positions in the West's bought-and-paid-for mainstream press. Something funny is going on with this fellow. Once he's re-elected, if he is, we may soon know more ...

And they do seem to be moving on the re-election front. We became aware of it at least three months ago when more and more reports of the US "recovery" began to be issued. These reports featured a dropping jobless rate along with increased economic activity.

Now Evans-Pritchard has discovered a McKinsey Global Institute report that apparently contrasts the UK unfavorably with the US. Evans-Pritchard seems suddenly convinced that the US is handling its "recovery" a lot better than the UK. Here's some more:

Tim Congdon from International Monetary Research said US banks were never as damaged as claimed and now have the highest capital ratios in over thirty years. The rate of loan write-offs has dropped from 3.2pc to 1.9pc, a faster improvement than after the financial crisis of the early 1990s.

In hindsight, the US property boom was was remarkable modest compared to what happened in Spain, or what is happening now in China now where the house price to income ratio in Beijing, Shanghai, and Shenzhen is near 18. America's ratio peaked at 5.1 and is already back to its modern era average of three.

Personally, I am coming to the conclusion that the US crisis in 2008-2009 was largely a case of botched monetary policy and could easily have been avoided. The growth of M3 money -- which the Fed stopped tracking thanks to a young Ben Bernanke -- was allowed to balloon in the bubble, then collapse in 2008.

Europe's crisis is more intractable, with far greater levels of bank leverage and vast intra-EMU trade imbalances. But botched monetary policy is a big part of the story there too. The ECB let M3 growth overheat, then let it crash in 2008, then crash again late last year, dooming Club Med to Sisyphean torture and certain asphyxiation.

Where to start? The capital ratios that Evans-Pritchard speaks of are electronic digits and have no applicability to the traditional backing of "honest money" – precious metals. If one is comforted by the idea that banks have accumulated electronic fiat digits under force of law, then one will think US banks have made "progress." But one could make the opposite argument as well.

He claims the US property boom was actually remarkably "modest" – but we remember that at one point the US Fed had to drop tens of trillions into the US and the world's economy because the entire banking system was freezing up. Tens of TRILLIONS.

We've estimated central banks – especially the US Fed – have probably backstopped the world's financial system with funds in excess of US$50 trillion by now. That doesn't sound like a modest crisis to us. It wasn't a real-estate crisis, either, but a crisis of central banking fiat money. It was ultimately a crisis of the dollar reserve system.

And we've long maintained the dollar reserve system basically died in the past three years. It is no more. When you have to prop up your financial system with a US$50 trillion injection of money-from-nothing, you don't really HAVE a financial system anymore.

In any case, the Internet has played its part as well. As we've pointed out for years, the moral authority of central banking has eroded, especially in the US where millions, even tens of millions, are aware of the trillions that the US Fed has spent propping up the world's financial system.

When the elites cannot make a moral argument for their actions then the system itself begins to look despotic. That's what is happening now. Someone who's lost his home, job and family will not easily accept an explanation that the banking system receives its trillions for the sake "stability."

Add to this, in the US anyway, sociopolitical guarantees – according to economists – of something in the area of US$200 trillion and you have a system that is nothing like Evans-Pritchard's characterization. It is NOT a stable system at this point. Certainly, the US is NOT facing a "remarkably modest" crisis.

The symptoms of instability go beyond the economic, however. There is a good deal of social unrest in the US – as there is increasingly in other larger states, especially China. And while the US of late does not have a cultural affinity for violent revolution, there are evident and obvious forces at work destabilizing the current "empire."

The forces, of course, are being generated by the country's inherent support for its one-time republican form of government. Various freedom-oriented movements such as the Tea Party movement and a massive coalition supporting libertarian-republican presidential candidate Ron Paul are radically shifting the cultural conversation.

The current US empire is in a sense both socialist and fascist, from what we can tell. Its million-plus intelligence employees are mostly concerned with spying on US citizens. The Anglosphere power elite that wants to run the world has always looked on the US as its primary problem.

This handful of elite families that control central banks around the world have used their trillions to build a shadow government in the US and elsewhere that mimics traditional government but has entirely different goals. In the 21st century, however, this shadow system of burgeoning global governance has been found out by those who have created websites and blog sites on the Internet with the purpose of reporting on their societies and economic situations. 

What has emerged is far different than the story that the mainstream media explained to Western populations in the 20th century. Bereft of its controlled media, the elites have not been able to counteract a flow of real news and information.

Over time, the elites' shadow system of governance has become a more palpable reality. In the US alone, sophisticated blog-observers such as Catherine Austin Fitts have pointed out an up-to-US$1.5 trillion black budget of unreported and diverted funds that are going to various unacknowledged projects probably of military or military-intelligence import.

The US has perhaps 1,000 overseas military bases and is fighting probably a dozen covert or public wars and threatening more of them. Internet reporting increasingly shows us that financial statistics presented by the US government, especially the federal government, have little or no applicability to reality.

The US is not just an empire – it is apparently an empire in the service of the Anglosphere one-world conspiracy. The wars that the "US" is fighting now are the capstone of the New World Order. The electorate has little idea of why they are being fought or why they are taking so long and maiming so many.

The US and the West itself is not actually run by its citizens anymore and probably hasn't been (at least in the case of the US) for about 100 years. Small-bore elections and small-bore economic and the entrepreneurial activity have little impact on the larger power structure, which is animated by huge corporate, banking and military enterprises run out of the City of London, Washington DC, Tel Aviv and apparently the Vatican.  

To indicate that the US economy is "bouncing back" is to make a statement that is devoid of reality, in our view. The unemployment rate in the US is probably 20 percent or greater, price inflation is far greater than is generally stated and whole cities (Detroit) are being torn down as US industry continues to move abroad, thanks to such malicious managed trade treaties as CAFTA and NAFTA.

Here's what's going on – and Evans-Pritchard is not, in our view, reporting on it, for some reason, not this time anyway. The powers-that-be apparently want to re-elect Barack Obama – and from now until election day US citizens may be exposed to a steady diet of "economic recovery" news.

But after the re-election of Barack Obama – who is not what he appears to be – the globalization of the West and especially the US will continue apace. We shall discover the "recovery" is not quite so substantial as it has been said to be.

Instead, there will be a continued effort by the elites to hollow the US's and the West's economy in order to bring the economies of the developing world and the US into rough parity. This is all part of a larger process inherent in creating an equitable new world order – from the point of view of the elites, at least.

Conclusion

US "recovery" has little to do with it and is, in fact, beside the point.

Rate this article:

Total Ratings: 0 - Average Rating: 0.0

Books by Anthony Wile
Financial
Freedom

The High Alert Way to Discover Winning and Profitable Investment Ideas

Free Download   Order Now

The Best of
Anthony Wile

Select Editorials & Exclusive Interviews As featured at TheDailyBell.com

Free Download   Order Now

High
Alert

How the Internet Reformation is causing a financial hurricane - and how to profit from it

Free Download   Order Now

The Liberation
of Flockhead

A modest, monetary fable

Free Download   Order Now


Anthony Wile
Meet High Alert's Chief Investment Officer

Anthony Wile, High Alert's Chief Investment Advisor and Chairman of the Partnership Selection Committee, is an active investor, business strategist and consultant, financial markets commentator, publisher and author.

read more

 
 
Investors Edge

Member Login

Join Today