News Analysis


    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


    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


    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


    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


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

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


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

    Dr. Nathaniel Branden
    Psychotherapist, Bestselling Author


    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


    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


    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


    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 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


    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


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

    Lew Rockwell
    Founder of the Mises Institute


    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


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

    John Perkins
    Bestselling Author


    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


    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


    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 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 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


    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 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.


    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


    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


    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 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 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


    I read it every day!

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


    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


    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


    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


    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


    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


    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


    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.


    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


    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


    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


    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


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.


Stanford Conviction Re-Emphasizes Regulatory Questions

Report says SEC missed earlier opportunities to investigate Allen Stanford ... Over a meal at a New Orleans restaurant last summer, a former top official at the Securities and Exchange Commission's enforcement office was asked why the agency hadn't opened a full investigation of Allen Stanford's investment firm back in the late 1990s, when agency employees first suspected he was operating a Ponzi scheme. Julie Preuitt, an employee at the enforcement office, said her former supervisor, Spencer Barasch, now a private attorney, replied that he asked a representative of Stanford's firm about the allegations and was told "there wasn't" anything to the charges. "So, he was satisfied with that and decided not to pursue it further," Preuitt told the commission's inspector general. – Times Picayune

Dominant Social Theme: Financial regulators have been reformed and will do better henceforth.

Free-Market Analysis: One of the areas that we've often commented on is the inability of regulatory democracy to work as advertised. Now (if reports are to be believed) it turns out that Allen Stanford was running a Ponzi scheme with about US$7 billion of customer assets.

It also turns out that SEC officials had doubts about Stanford's operation as long as 15 years ago. We can see from the article excerpted above that when these doubts surfaced, the reaction was to question a "representative" of Stanford's firm about them and then take his denials at face value.

We are not, of course, promoting the idea that the regulators should be any more invasive than they already are. Our point would be, simply, that regulatory democracy doesn't work, that those hired to police the powerful often end up being compromised by them.

Later on the article tells us that Spencer Barasch himself went to work for Stanford after leaving the SEC. This, too, is something we've mentioned. We've actually characterized it as a syndrome called "regulatory capture" and pointed out that it is almost inevitable.

The larger issue, of course, is why – if regulation doesn't work – there is so much of it. Inevitably, when modern Western regulation doesn't work the solution is to create more and bigger public entities and give them even more power.

In actuality, this occurs because there is likely a power elite that in the modern era has been manipulating much of the world's economic and sociopolitical evolution to ensure that the direction in which it is headed includes global governance.

These elites use governments to realize their aims behind the scenes via mercantilism. That's why big government, big business and big regulation is to their benefit – the bigger the better.

These Anglosphere elites are continually fomenting crises and then proposing solutions that require ever-more complex governmental entities. As they do so, those allied with these solutions grow in number. This explains the inevitable bias towards regulatory and legal solutions that don't work and never have in the past. Here's more from the article:

A 159-page report by the inspector general issued Friday ... says the agency four times, starting in 1997, failed to follow up on serious accusations against Stanford's investment firm, potentially costing investors more than $1 billion ...

"The depth of the failure at the SEC in the Stanford investigation is unbelievable," Vitter said Monday. "There were four examinations in 1997, 1998, 2002, and 2004, and in each case examiners concluded that Stanford's CDs were likely a Ponzi scheme. Yet the SEC did absolutely nothing while Stanford fleeced investors for roughly $8 billion."

Barasch, now a partner at the Andrews Kurth Law Firm, has denied he relied on assurances from a company represent to block a full-scale investigation. "Spencer Barasch served the SEC with honor, integrity and distinction," said Bob Jewell, the managing partner at Andrews Kurth. ... "We believe he acted properly during his contacts with the Stanford Financial Group and the Securities and Exchange Commission. He did not violate conflicts of interest."

Just as with the massive fraud perpetuated by Bernard Madoff, the inspector general said, the SEC missed opportunities to alert investors they were putting their money in investments doomed to failure because they were fraudulent.

We can see in this excerpt all of the elements that are frustrating and puzzling to those who don't believe that regulatory democracy provides reasonable solutions. The lead investigator apparently went to work for the man he was charged with investigating and even though the firm was investigated four times, nothing much occurred. The same pattern occurred with the Bernie Madoff "Ponzi Scheme."

It seems regulatory democracy is really a methodology to reinforce bigness. The more complex the industry, the more encumbered it is with red tape, the more difficult it is for new challengers to create better businesses. The "old guard" remains in charge. In fact, these regulatory entities – not just in America but throughout the West – are a kind of public relations play.

The article itself points out that the reason charges against Stanford were not set sooner was because regulators "preferred simpler cases that could be dispensed with quickly. The Stanford case is extremely complicated."

Mary Schapiro, the current SEC chairwoman, is quoted as saying that much continues to change "regarding the agency's leadership, its internal procedures and its culture of collaboration. The report makes seven recommendations, most of which have been implemented since 2005."

This is just the problem, of course. There is a "culture of collaboration" between agencies and entities that are regulated via regulatory capture and this will NEVER change. Give regulators more power and larger budgets and you merely increase the size and scale of the problem.

We've suggested that the real solution is "downsizing." We have come to believe that the current system is unraveling because of the effects of the Internet (the Internet Reformation) and the unrealizability of what the elites have in mind.

In a future comprised of smaller communal entities, perhaps viable solutions shall once more be erected. These would include private solutions to public problems (what we have called private justice) and would eschew large regulatory antidotes that only exacerbate what is already difficult.


When people believe that "others" are looking out for them, they tend to be more passive and less aware. This is yet another problem of regulatory authority, which chokes out private sector watchdogs but doesn't replace them with anything remotely effective.

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.