INVESTORS EDGE
 

News & Analysis

Testimonials
  • 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

  • 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

  • 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

  • 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.

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • NEVER MISS AN ISSUE

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

    Lew Rockwell
    Founder of the Mises Institute

  • 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

  • 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

  • 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

  • INTELLECTUAL JOLT

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

    Dr. Nathaniel Branden
    Psychotherapist, Bestselling Author

  • PART OF MY DAILY NEWS DIET

    I read it every day!

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

  • 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 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.

  • 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

  • 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

  • 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

  • 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

  • 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

 

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.

 

 
Atlantic Misleads With 'Short History of Money'?

A Short History of American Money, From Fur to Fiat ... What do animal pelts, tobacco, fake wampum, gold, and cotton-paper bank notes have in common? At one point or another, they've all stood for the same thing: U.S. currency. ... The greenback is stable because the U.S. economy is huge and the United States is a terrific republic--OK. But it's also stable because everyone else's well-being depends on it, and on belief in its stability. That may be changing, though. As for paper money itself, the end of the gold standard meant that cash had become a total abstraction. Its value now comes from fiat, government mandate. It's a Latin word meaning let there be. In God we better trust. – The Atlantic / David Wolman

Dominant Social Theme: Money is that certain thing ... Well, we dunno exactly what it is, but here's a HISTORY of it.

Free-Market Analysis: Here's how we figure this article "went down" ...

"Hi, David, you're a contributing editor at Wired, a former Fulbright journalism fellow and a winner of the 2011 Oregon Arts Commission individual artists fellowship. You're a real bright guy and we're interested in a book on money. Why don't you write it?"

"But I don't know anything about money."

"OK! You'll learn along with your readers ... "

And so Mr. Wolman has written an article (see excerpt above) and a book called The End of Money. We looked up the book on Amazon.com, which shows it is to be published on February 14, 2012. Here's a book summary from the publisher:

For ages, money has meant little metal disks and rectangular slips of paper. Yet the usefulness of physical money—to say nothing of its value—is coming under fire as never before. Intrigued by the distinct possibility that cash will soon disappear, author and Wired contributing editor David Wolman sets out to investigate the future of money...and how it will affect your wallet.

Wolman begins his journey by deciding to shun cash for an entire year—a surprisingly successful experiment (with a couple of notable exceptions). He then ventures forth to find people and technologies that illuminate the road ahead. In Honolulu, he drinks Mai Tais with Bernard von NotHaus, a convicted counterfeiter and alternative-currency evangelist whom government prosecutors have labeled a domestic terrorist. In Tokyo, he sneaks a peek at the latest anti-counterfeiting wizardry, while puzzling over the fact that banknote forgers depend on society's addiction to cash. In a downtrodden Oregon town, he mingles with obsessive coin collectors—the people who are supposed to love cash the most, yet don't. And in rural Georgia, he examines why some people feel the end of cash is Armageddon's warm-up act. After stops at the Digital Money Forum in London and Iceland's central bank, Wolman flies to Delhi, where he sees first-hand how cash penalizes the poor more than anyone—and how mobile technologies promise to change that ...

And here's something new – an Amazon "Best Book" Review ...

Amazon Best Books of the Month, February 2012: Say good-bye to your beloved Benjamins, because the world is going cashless. So says David Wolman, and in The End of Money, he explores the drastic implications. How is it happening? What's at stake? Why does it matter? ... Raising the stakes with a personal experiment, Wolman goes (almost) a full year without using cash at all. All told, The End of Money offers everything there is to love about popular nonfiction, rendering a complex subject entertaining and easily approachable for a wide audience while proving the ultimate adventurousness inherent in a curiosity about the workings of the world.

OK, very interesting, to be sure. David Wolman seems to have the "big picture knack." But we're kinda cynical about this sort of thing by now. We wonder if there are not ulterior motives here of some sort ...

As a matter of fact, we can almost hear the Anglosphere elites fizzing with frustration at the way Austrian free-market economics has taken over large chunks of the Internet. Free markets – and free money – are anathema to the elites that are trying very hard to run the world.

The last thing these great central banking families want is for people to really figure out what money is, how it's being produced and who REALLY controls it. So if you are an elite "strategist," you are constantly engaged in damage control. And you're looking for talented authors like Wolman to provide the kind of literary software you have in mind.

We wish to caution that Mr. Wolman is quite possibly not aware that he is being manipulated. (Nor could we probably ever establish factually this is so; we're speculating about the further emergence here of a larger dominant social theme.) In fact, he likely would be insulted by the concept, given that he's written an obviously successful book and doubtless needed no coercion to do it. 

He might well consider such a thought a "conspiracy theory" of the most ludicrous kind. But we write about this stuff every day, and we think we see the telltale signs of Anglosphere memes in this article we've read and likely in the book we haven't. 

In our humble view, the BEST damage control is the kind that tells everybody everything without making any value judgments. This is how Austrian economics was hidden from the world (by the Anglosphere on purpose in our view) for over a century. By the time an eager student had learned about Marx, Keynes and Malthus there was precious little time left over for the lesser lights like Ludwig von Mises. F.A. Hayek made the cut only because he watered down the Misesian medicine.

The trick is to load up your tome with information of equal emphases. When Marx is put on an equal footing with Schumpeter, you've got a recipe for confusion. And that's just the point, if you're trying to conceal something the way the elites tried to conceal Austrian economics for much of this past century.

We understand what's going on (or we think we do). The elites that have made it increasingly impossible to circulate gold-and-silver-as-money (or even commodity-backed paper) are taking dead aim at cash as well. This is all part of a Draconian monetary authoritarianism that the power elite apparently intends to install around the world if it can.

The powers-that-be love money – but they hate to see large amounts of it in the hands of people who don't espouse one-world government. Even worse, they hate the idea that people with large amounts of cash come by it in lawfully untraceable ways.

The elites don't just want to corner the monetary markets; they want to make it impossible for anyone else to hold significant amounts of cash, especially the unidentifiable kind. And so we get these sorts of literary exercises.

It's surely an elite dominant social theme – a fear-based promotion intended to frighten the middle classes into giving up power and wealth to elitist institutions. The idea is that cash encourages crime, drug peddling and other unsavory activities.

Of course, this isn't true but there's no doubt, in our view, that cash is being demonized around the world. Our traveling "elves" have seen shoppers in Panama fingerprinted for paying with a US$100 bill, have received cash denominations in US$20 bills because it's illegal to give out larger bills in bulk and have been fingerprinted and photographed for pursuing cash transactions.

David Wolman may not see his cashless year as more than a clever way to organize his monetary narrative, but we don't find it nearly so innocent. The powers-that-be, in our view, are very serious about wiping out cash transactions and will stop at nothing to do so.

If Wolman is not exercised about the coming cashless society, he doesn't seem very passionate about the larger monetary history he is relating. The bottom line when it comes to money is that over time it's been taken over by the state in league with private interests. This phenomenon is called "mercantilism."

Wolman (from what we can tell) sees this state takeover as a kind of inevitability. Certainly the Atlantic article treats it that way. The tone is light, the prose is adept and the lingering impression is that money can be one thing – or another – and that any money will do.

Well ... even gold-oriented Austrians would admit that money is what society has decided it is. But the sticking point here is PRIVATE society – the free market, in other words. This is the FUNDAMENTAL issue when it comes to money and the Atlantic article – and the book – seems to gloss right over it.

Finally, we're interested that the book has won (already) the Amazon "best book of the month" seal of approval. We recently wrote an article on how it seems to us that ALL technology facilities of any size are likely penetrated by Anglosphere Intel.

We're not sure why this book won "best book" – but we can hazard a guess. Amazon is drawing attention to a book that focuses on money not from a free-market standpoint but utilizing the Anglosphere's "overview" approach.

By determinedly avoiding the bottom-line conflict between state-sponsored monopoly money and free-market money, Wolman doesn't have to be drawn directly into either the current central banking controversy or the larger controversy over where "money" is headed.

For a brief, shining moment, the US had relatively free, circulating PRIVATE money, a lightly-structured republic, low and non-invasive taxes and the blessed absence of a regulatory state. The current trends toward a "cashless" society are, in our view, only exacerbating all that's wrong with the current money system in this age of global monopoly-money central banking.

A handful of elite families should NOT be controlling hundreds of trillions of dollars, nor should they now be trying to implement a fully electronic ledger around the world that will reveal exactly who is transacting with whom and why.

As long as we're harping on these points, we'll end with a final one, which is that the US dollar did NOT become the world's reserve currency because the US is a "terrific republic." It became the world's reserve currency, so far as we can tell, at the barrel of a gun. Saudi Arabia's craven dictatorship, kept in power by US force, agreed back in 1971 to accept only dollars for oil.

As the marginal producer, Saudi Arabia's sheiks have kept the dollar's primacy of place for nearly a half-century. Not only that, but the supply of oil has been rigidly controlled as a result. Mr. Wolman for all his brilliance – at least in his article – tends to treat these important issues in an easygoing way.

Conclusion

We think what's going on is a good deal more sinister and wish Mr. Wolman had made that point more clearly and strongly in his article – and likely in his book as well.

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