http://www.thedailybell.com/rss.xml News and Analysis, Editorials and Exclusiv Interviews en Copyright 2011, The Daily Bell editor@thedailybell.com (The Daily Bell) Sun, 19 May 2013 00:00:00 GMT The Daily Bell RSS News Feed System http://blogs.law.harvard.edu/tech/rss http://www.thedailybell.com/29118/Anthony-Wile-Scandal-And-They-Shall-Eat-Their-Own- And I will cause them to eat the flesh of their sons and the flesh of their daughters, and they shall eat every one the flesh of his friend in the siege and straitness ... – King James Bible (Cambridge Ed.) Commentator Peggy Noonan has written a Wall Street Journal editorial entitled, "This Is No Ordinary Scandal: Political abuse of the IRS threatens the basic integrity of our government." Noonan is often, or at least occasionally, insightful, and in this case I was pleased to see her sentiment ... Sat, 18 May 2013 00:08:00 GMT http://www.thedailybell.com/29118/Anthony-Wile-Scandal-And-They-Shall-Eat-Their-Own- http://www.thedailybell.com/29119/Luxury-Living-Wiesmann-Cars-Have-It-All Introducing The Daily Bell's weekly Luxury Living segment... because Memento Mori is a way of life. This week ... Wiesmann. "Wiesmann is the leading manufacturer of puristic sports cars. The name is well established in the luxury market and there are more than a thousand good reasons for that: Until today more than 1,500 handcrafteded cars left the Wiesmann factory. The company currently utilises dealership bases in Europe, the Middle East and Asia. With a bit of luck you might not only spot a ... Sat, 18 May 2013 00:07:00 GMT http://www.thedailybell.com/29119/Luxury-Living-Wiesmann-Cars-Have-It-All http://www.thedailybell.com/30649/The-Failure-of-Retirement In the dominant social theme, above, we've tried to illustrate the animosity that often accompanies the analysis of the "generations" in the US and abroad. Generations are fairly amorphous things, but because the schematic is repeated over and over again in the mainstream media, people tend to believe them. And resentment is often whipped up because of them. The idea that one has more in common with one's peers locally or a thousand miles away than with, say, one's family, colleagues, etc., is ... Fri, 17 May 2013 00:08:00 GMT http://www.thedailybell.com/30649/The-Failure-of-Retirement http://www.thedailybell.com/30650/Immigration-Apparent-Effort-to-Fashion-North-American-Union-Continues In the US legislative system, elected officials decide who comes and goes throughout the country. It didn't used to be this way, though. The passport and visa system is only a post-War one. It seems strange but travel was a lot freer a century ago. If you wanted to go somewhere, you went. Borders were mostly undefended. Official papers were restricted, usually to government officials and others working in a quasi-official capacity. The idea of immigration as an "issue" preoccupying a democratic ... Fri, 17 May 2013 00:07:00 GMT http://www.thedailybell.com/30650/Immigration-Apparent-Effort-to-Fashion-North-American-Union-Continues http://www.thedailybell.com/30651/The-Gold-Trend-Remains-Down The repression of the gold price has turned into a timely dominant social theme, in our view. The lines are clearly drawn and insiders are signaling that the trend is down. They are talking it down, pushing it down and forecasting further down markets. Nothing is much clearer in the markets than this meme. It is surely a further vindication of our paradigm because money has been made and lost via the implementation in an enthusiastic and visible way using evident and obvious promotional method ... Fri, 17 May 2013 00:06:00 GMT http://www.thedailybell.com/30651/The-Gold-Trend-Remains-Down http://www.thedailybell.com/30652/Africa-the-Next-China In the pantheon of absurd Economist articles, this has to rank as one of the most ridiculous. There is a reason why Africa is poor but it has little to do with this outrageous and misguided analysis. This article just appearing in The Economist is one of a series of articles that is apparently intended to form the basis of a much larger African promotion. We've commented on this in a series of articles. The modern global economy is in part dependent on the US selling the dollar abroad and then ... Fri, 17 May 2013 00:05:00 GMT http://www.thedailybell.com/30652/Africa-the-Next-China http://www.thedailybell.com/29116/Bill-Bonner-What-TARP-Boss-Neil-Barofsky-Told-Me-Yesterday-Should-Shock-You The financial news is getting boring. The Dow goes only one way – up. But gold fell below $1,400 per ounce yesterday. Rather than trying to figure it out, yesterday evening we drove down to Zombietown. A friend in Washington had promised to introduce us to Neil Barofsky, inspector general of the TARP program. You remember TARP? It was the feds' $700 billion program to rescue the US economy from a correction. Neil Barofsky was in charge of it. So we decided to go down and ask him how it turned ... Fri, 17 May 2013 00:02:00 GMT http://www.thedailybell.com/29116/Bill-Bonner-What-TARP-Boss-Neil-Barofsky-Told-Me-Yesterday-Should-Shock-You http://www.thedailybell.com/29117/Paul-Craig-Roberts-Gangster-State-America There are many signs of gangster state America. One is the collusion between federal authorities and banksters in a criminal conspiracy to rig the markets for gold and silver. My explanation that the sudden appearance of an unprecedented 400 ton short sale of gold on the COMEX in April was a manipulation designed to protect the dollar from the Federal Reserve's quantitative easing policy has found acceptance among gold investors and hedge fund managers. The sale was a naked short. The seller ... Fri, 17 May 2013 00:01:00 GMT http://www.thedailybell.com/29117/Paul-Craig-Roberts-Gangster-State-America http://www.thedailybell.com/29110/Shock-CFR-Floats-Neo-Bretton-Woods-to-Create-a-New-Monetary-System The drums pound and a new global monetary pact moves closer. This is how it works way up in the rarified air of Big Money where top globalists dwell. This article is bylined by Benn Steil of the Council on Foreign Relations, a prime globalist facility. The groundwork is apparently being prepared. The plan has evidently always been a global currency. And it is marching closer. The world is in a mess and surely the post-Bretton Woods system is responsible for it. One hundred and fifty central ... Thu, 16 May 2013 00:08:00 GMT http://www.thedailybell.com/29110/Shock-CFR-Floats-Neo-Bretton-Woods-to-Create-a-New-Monetary-System http://www.thedailybell.com/29111/Sure-Well-Unwind-Dont-Worry- Even top execs at JP Morgan dread the "unwinding" that Ben Bernanke has always said the Federal Reserve is capable of. We don't believe it. Just as Fed bankers don't know how much money is too much, so they don't know how much is too little. Central bank monetary tampering is a terribly blunt tool. It is certainly possible to expand and diminish the money supply, but the same people that have brought us what is basically a worldwide depression are now reassuring us that they can rectify an over ... Thu, 16 May 2013 00:07:00 GMT http://www.thedailybell.com/29111/Sure-Well-Unwind-Dont-Worry- http://www.thedailybell.com/29112/Dont-Dial-Back-Print-Harder Every now and then the mindset of Alexander the Great reemerges and people offer the simplest solution to the most complex of problems. This is one such case. Alexander the Great confronted with the Gordian knot didn't try to unravel it. He simply sliced it in half with his sword. And now comes an article in Slate with a similar proposal. Does a collapse threaten if the Fed stops printing money-from-nothing? All right then, keep printing! See how simple it is? Aren't you kicking yourself? You ... Thu, 16 May 2013 00:06:00 GMT http://www.thedailybell.com/29112/Dont-Dial-Back-Print-Harder http://www.thedailybell.com/29113/Al-Franken-Wants-Credit-Rating-Reform--Why When global markets collapsed in 2008, it must have been quite a shock to the financial world's rating agencies, as many prestigious institutions teetering suddenly on the edge of bankruptcy had top ratings from the industry's various ratings agencies. This is one of the least-discussed episodes of the financial crisis and one of the most embarrassing. Literally trillions of dollars were – and are – invested in financial markets based on rating agency judgments. But only five years ago the ... Thu, 16 May 2013 00:05:00 GMT http://www.thedailybell.com/29113/Al-Franken-Wants-Credit-Rating-Reform--Why http://www.thedailybell.com/29114/Huffington-Post-The-IRS-Was-Right This is something of a novel concept. The IRS was correct to scrutinize Tea Party and conservative nonprofit applications more closely because these entities were anti-tax. According to this article, the basis of the IRS scandal is that officials lied about the policy rather than explaining it properly. Here's more: The cover-up is the bad part here, as in nearly all Washington scandals. It's not the act itself that delivered the real trouble -- in this case, a campaign unleashed in the Cincin ... Thu, 16 May 2013 00:04:00 GMT http://www.thedailybell.com/29114/Huffington-Post-The-IRS-Was-Right http://www.thedailybell.com/29115/Lawrence-ODonnell-The-IRS-Was-Just-Doing-Its-Job This video explains the statute under which the IRS was operating as regards the current scandal demanded that non-profit status be given only to those groups operating EXCLUSIVELY to promote public welfare. But for operative purposes – and presumably to give politicians a stick for fundraising purposes – the statute was changed some 50 years ago to "primarily." This provides the IRS with considerable latitude and can also create arguments and misinterpretations over what kind of organizations ... Thu, 16 May 2013 00:03:00 GMT http://www.thedailybell.com/29115/Lawrence-ODonnell-The-IRS-Was-Just-Doing-Its-Job http://www.thedailybell.com/29109/Catherine-Austin-Fitts-Solari-Story-Moving-the-Money This week's Solari Story from Catherine Austin Fitts is titled "Moving the Money." Here's a bit of the transcript: "During the '90s I had an investment bank in Washington, Hamilton Securities, and we were developing software tools and financial vehicles that would allow us to do the equivalent of mutual funds for a place. So imagine having a community venture fund or a community REIT where in your 401K and IRA you could buy stock in something that would invest in local real estate or local ... Thu, 16 May 2013 00:02:00 GMT http://www.thedailybell.com/29109/Catherine-Austin-Fitts-Solari-Story-Moving-the-Money http://www.thedailybell.com/29103/Dr-Gary-North-Why-the-Internet-Reformation-Must-Win A leading hard-money economist of the modern era has just written an eloquent analysis about why what we call the Internet Reformation must inevitably have its day. We've never had any doubt that the Internet would mimic the Gutenberg press in tearing down the accepted wisdom of the time and building up something else. Today the Western world is in chaos. France has slipped into recession, England is in recession again, the Southern PIGS are in flames and Brussels is trying to move Europe to a ... Wed, 15 May 2013 00:08:00 GMT http://www.thedailybell.com/29103/Dr-Gary-North-Why-the-Internet-Reformation-Must-Win http://www.thedailybell.com/29104/Reuters-Confusion-Between-Mises-and-Hayek-A-Flawed-Analysis In this editorial posted at Reuters we can see clearly how statists utilize the great mind of Austrian F.A. Hayek to buttress the modern Leviathan. Leaving aside the melancholy aspect of using free-market ideas to buttress what in some aspects is a kind of tyranny – the utilization of monopoly fiat currency in particular – we are left with a promotional spectacle that conflates an individual perspective with aspects of a larger human wisdom. Just because Hayek was a protégé of a more brilliant ... Wed, 15 May 2013 00:07:00 GMT http://www.thedailybell.com/29104/Reuters-Confusion-Between-Mises-and-Hayek-A-Flawed-Analysis http://www.thedailybell.com/29105/Serious-UK-Difficulties-Ahead-as-Cameron-Struggles-with-EU-Withdrawal David Cameron, Prime Minister of England, is panicked about the emergence of the libertarian UKIP in Britain and the votes it is removing from the Tories. The conservative Tory party is indeed a "shambles" and in large part due to its position on the EU. In fact, as we have pointed out, the Tory leadership jettisoned Margaret Thatcher when she attempted to put some distance between the EU and Britain. The EU is not a German project but a project of the Anglosphere – Britain and the US. Actually, ... Wed, 15 May 2013 00:06:00 GMT http://www.thedailybell.com/29105/Serious-UK-Difficulties-Ahead-as-Cameron-Struggles-with-EU-Withdrawal http://www.thedailybell.com/29106/US-One-Billion-in-Gold-Has-Just-Been-Shipped-to-South-Africa So gold is being shipped around the world – kinda' desperately, it would seem. We don't know for sure whether this report is true but for purposes of analysis we will take it at face value. The reason we do so is because it is obvious there are funny things going on in the gold market these days. We don't need to speak of conspiracy to analyze what's happening, either. In summary, the London Gold fix that sets the price of gold takes into account paper gold prices that have diverged from ... Wed, 15 May 2013 00:05:00 GMT http://www.thedailybell.com/29106/US-One-Billion-in-Gold-Has-Just-Been-Shipped-to-South-Africa http://www.thedailybell.com/29107/BoEs-King-Leaving-Upgrades-Britains-Outlook The Bank of England's Mervyn King is leaving but he wants everyone to know that England has turned the proverbial corner on his watch. The nation has slipped into a third recession apparently, but Mr. King is upbeat about the country's prospects. Monopoly central banking works after all. Here's more: Today marked the passing of an era at the Bank of England. Sir Mervyn King, Governor, published his final Inflation Report and delivered his last remarks on the economy at the quarterly press con ... Wed, 15 May 2013 00:04:00 GMT http://www.thedailybell.com/29107/BoEs-King-Leaving-Upgrades-Britains-Outlook http://www.thedailybell.com/29108/Jon-Stewart-Understands-Just-How-Destructive-IRS-Scandal-Really-Is Jon Stewart is somewhat of an apologist for big government but he is also a very astute commentator and analyst for current affairs. In this video, we can see that he understands better than most what is going regarding the recent scandals with which the Obama administration is struggling. Rightly or wrongly he dismisses the Benghazi controversy as a "sideshow." And he mentions the AP scandal in which the US Justice Dept. decided to tap thousands of wire-reporting calls. But he is certainly ... Wed, 15 May 2013 00:03:00 GMT http://www.thedailybell.com/29108/Jon-Stewart-Understands-Just-How-Destructive-IRS-Scandal-Really-Is http://www.thedailybell.com/29099/Tibor-Machan-Back-to-Basics-Please In today's climate of political theatrics it isn't very easy to figure out where right stands versus wrong. As Ron Paul points out at The Daily Bell, the Benghazi fiasco pretty much amounts to an illustration of the folly of the American government's unending involvement in foreign affairs it should stay out of. The way the Obama Administration works hard to obfuscate its role, how it seems (at least to me, who has been trying to follow the mess) to conduct foreign policy that reminds one of the ... Wed, 15 May 2013 00:02:00 GMT http://www.thedailybell.com/29099/Tibor-Machan-Back-to-Basics-Please http://www.thedailybell.com/29100/Will-Fracking-Sink-the-Dollar-and-Bring-on-Global-Currency We're puzzling about why fracking has been applied now by the industry when the basics of fracking have been fairly well understood since the 1940s. We have an idea, and it is borne out of our analysis of dominant social themes ... and a tip of the hat to feedbacker Hugo de Groot. Let us set it up and then ask a larger question. The globalist agenda evidently and obviously includes the creation of a world currency and from what we can tell, the central banking economy has been placed at the ... Tue, 14 May 2013 00:08:00 GMT http://www.thedailybell.com/29100/Will-Fracking-Sink-the-Dollar-and-Bring-on-Global-Currency http://www.thedailybell.com/29101/Fracking-Just-in-Time-to-Help-the-US-Economy In today's lead article we discuss the idea of whether fracking is undermining the petrodollar and aiding the birth of long-awaited global money. But there are other possibilities, as well. Those running central banks around the world are evidently and obviously petrified that the world's downturn is spinning out of control and will result in an uncontrollable depression that will destabilize the current system. The advent of fracking and cheaper oil – a technology available for over 50 years ... Tue, 14 May 2013 00:07:00 GMT http://www.thedailybell.com/29101/Fracking-Just-in-Time-to-Help-the-US-Economy http://www.thedailybell.com/29102/G7-Sets-Global-Policy-for-Global-Tax-Regime It will not be much noted by the mainstream press that this week's meeting of the G7 has attempted to harmonize tax collection worldwide. As we follow dominant social themes, we were suspicious of Cyprus's planned implosion a few weeks ago and believed that it might be part of a larger, organized effort at rationalizing global taxation. Offshore Banking and the Shadow of the Gallows ... Looks like we were correct. Here's more from the above BBC article: In a news conference held jointly with ... Tue, 14 May 2013 00:06:00 GMT http://www.thedailybell.com/29102/G7-Sets-Global-Policy-for-Global-Tax-Regime http://www.thedailybell.com/29096/Correct-Mayor-Johnson-the-Real-Problem-is-Not-the-EU London Mayor Boris Johnson claims he wants a referendum on whether Britain is to stay in the European Union, but his rhetoric is lukewarm. This has been a problem all along for Mr. Johnson and has aroused suspicions in Britain among conservatives over where he really stands. Generally, Johnson is lumped in among Euroskeptics, but in this article he seems to be giving support to both sides by arguing not much would change. In a sense, this would seem a clever rhetorical ploy. Having successful ... Tue, 14 May 2013 00:04:00 GMT http://www.thedailybell.com/29096/Correct-Mayor-Johnson-the-Real-Problem-is-Not-the-EU http://www.thedailybell.com/29098/Litigation-The-Alternative-to-the-Mainstream-Media-That-Must-Be-Considered We continue to chart the downturn of the mainstream news media. In this case, it is the upfront ad fees that are slumping for television companies. But in the past, we have seen along with everyone else on the Internet that mainstream media of all kinds is slumping. Ads are slumping in the US and throughout the West; rates are coming down; newspapers are closing and magazines are merging or going on line. Twenty years ago no one would believe that two of the biggest magazines in the world, News ... Tue, 14 May 2013 00:03:00 GMT http://www.thedailybell.com/29098/Litigation-The-Alternative-to-the-Mainstream-Media-That-Must-Be-Considered http://www.thedailybell.com/29097/UN-to-World-Eat-Bugs The United Nations is back with another ludicrous suggestion. Apparently those running the UN simply don't understand how out-of-touch they look when officers make sweeping statements about human behavior and what must be rectified. They have all the answers in the world, whether it has to do with confiscating people's property via Agenda 21 or participating in an illegal coup as they did not so long ago in The Ivory Coast at the behest of France's then-president Nicolas Sarkozy. And many times ... Tue, 14 May 2013 00:02:00 GMT http://www.thedailybell.com/29097/UN-to-World-Eat-Bugs http://www.thedailybell.com/29095/Richard-Ebeling-The-Federal-Reserves-Exit-Strategy-is-Just-More-Monetary-Manipulation The recent media reports that the Federal Reserve has devised an "exit strategy" to reverse their nearly $3 trillion increase of the money supply over the last several years shows that the monetary central planners remain wedded to the philosophy of "fine-tuning." The "Fed" leadership still retains the hubris that they can manipulate the economy into sustainable "soft landings" following their own monetary "irrational exuberance." Having created the bubbles that burst in 2008-2009, the Fed has ... Tue, 14 May 2013 00:01:00 GMT http://www.thedailybell.com/29095/Richard-Ebeling-The-Federal-Reserves-Exit-Strategy-is-Just-More-Monetary-Manipulation http://www.thedailybell.com/29091/Gold-US1100 Is gold headed down in the long term? Possibly so. That doesn't mean it's a bad investment however. Perhaps if you want to make a quick profit it is a bad investment. And if you expect a near-term rebound, you might be disappointed. But long term the reasons for holding gold and silver have not changed. Money metals are a store of value and have remained one for thousands of years. Also, the announced price may not be entirely accurate. There may be many reasons for gold's current price but on ... Mon, 13 May 2013 00:08:00 GMT http://www.thedailybell.com/29091/Gold-US1100 http://www.thedailybell.com/29093/Universal-Basic-Income-Promotion-Hits-the-Washington-Post We long ago identified the anti-usury/pro-central banking movement as part of a larger globalist messaging. Now it's hitting the big time – see above excerpt ... For lack of a better descriptive phrase, we have called it the "paper money hoax," and unsurprisingly, we have been relentlessly attacked by those who have adopted it. But here at the Daily Bell we track memes, especially financial memes and we've been aware of this one since we became aware of Ellen Brown's great work, Web of Debt. ... Mon, 13 May 2013 00:07:00 GMT http://www.thedailybell.com/29093/Universal-Basic-Income-Promotion-Hits-the-Washington-Post http://www.thedailybell.com/29094/Spains-Problem-is-Europes-Too This analysis over at the UK Telegraph is probably accurate as far as it goes. Spain is technically broke and, more importantly, it seems something of a broken society. The monetary inflation that created a building boom on Spain's southern flank is long past, leaving behind a string of shattered properties that still have not been absorbed financially or physically. They prey on Spain's prosperity like a cancer or an open wound, draining vitality. They say that 50 percent of Spain's youth can ... Mon, 13 May 2013 00:06:00 GMT http://www.thedailybell.com/29094/Spains-Problem-is-Europes-Too http://www.thedailybell.com/29092/Ron-Paul-What-No-One-Wants-to-Hear-About-Benghazi Congressional hearings, White House damage control, endless op-eds, accusations and defensive denials. Controversy over the events in Benghazi last September took center stage in Washington and elsewhere last week. However, the whole discussion is again more of a sideshow. Each side seeks to score political points instead of asking the real questions about the attack on the US facility, which resulted in the death of US Ambassador Chris Stevens and three other Americans. Republicans smell a ... Mon, 13 May 2013 00:03:00 GMT http://www.thedailybell.com/29092/Ron-Paul-What-No-One-Wants-to-Hear-About-Benghazi http://www.thedailybell.com/29090/Anthony-Wile-Gerald-Celente-on-the-New-Renaissance-and-BigNon-State-Trends-Changing-the-World The Daily Bell is pleased to publish this exclusive interview with Gerald Celente. Daily Bell: Why is the West in such bad shape? Gerald Celente: Because a lot of stupid people are running it and the corruption is flagrant, and in front of everybody's eyes. How many more times do they have to say, 'Insider Trading, High-frequency Trading' ... one scam after another before the public wakes up to it? It's corruption everywhere, whether it's the King of Spain or you name the country. Another ... Sun, 12 May 2013 00:08:00 GMT http://www.thedailybell.com/29090/Anthony-Wile-Gerald-Celente-on-the-New-Renaissance-and-BigNon-State-Trends-Changing-the-World http://www.thedailybell.com/29088/Anthony-Wile-IRS-Scandal-What-Does-the-US-Congress-Expect Scandal. The IRS has been targeting US constitutionalists for further scrutiny by tagging certain names. This is a big deal. Unlike other IRS problems throughout the years, this one features not just individual "enemies" but also a broad cross section of US citizens that are concerned about the growing unconstitutional actions of their government. Police violence against citizens is growing in the US but too often the police are not held accountable. Various "takings" and other forms of ... Sat, 11 May 2013 00:08:00 GMT http://www.thedailybell.com/29088/Anthony-Wile-IRS-Scandal-What-Does-the-US-Congress-Expect http://www.thedailybell.com/29089/Peter-Schiff-Symptoms-Dont-Lie A good doctor will not simply make a diagnosis based on measurements. The symptoms and complaints expressed by the patient are at least as important in making a determination as the data provided by diagnostic tools. When the data says one thing and the symptoms continuously say another, it makes sense to question the reliability of the instruments. This would be particularly true if the instruments are furnished by a party with a stake in a favorable diagnosis, say an insurance company on the ... Sat, 11 May 2013 00:07:00 GMT http://www.thedailybell.com/29089/Peter-Schiff-Symptoms-Dont-Lie http://www.thedailybell.com/29086/The-Problem-of-Gold Here is an interesting little article that sums up the idea of gold as an untrustworthy investment. Bear in mind that gold and silver have been looked on as money metals for thousands of years ... but this article doesn't look at it that way. Objections to gold-as-money, or as an investment, follow: 1. Gold is a commodity ... To many people gold is something special. It's more than just another metal that comes out of the ground. ... Whatever you feel about gold, it is just a metal. 2. Gold is ... Fri, 10 May 2013 00:08:00 GMT http://www.thedailybell.com/29086/The-Problem-of-Gold http://www.thedailybell.com/29087/US-Warns-Japan-About-Currency-Debasement So the US is worried about Japanese debasement? This is a little bit like the proverbial pot calling the kettle black. The US has been printing money heavily some five years ago. Of course, the Federal Reserve was printing money even before then in unprecedented amounts, but the printing presses are running faster than ever these days! What's good for the US and the West apparently is to be denied to Japan. Here's more from the article: The Bank of England has recently expanded a credit scheme ... Fri, 10 May 2013 00:07:00 GMT http://www.thedailybell.com/29087/US-Warns-Japan-About-Currency-Debasement http://www.thedailybell.com/30648/How-High-is-High Are those who are uninvested missing out? From our point of view, as indicated elsewhere in this edition, there is a kind of war being waged between the global system of fiat money buttressed by stock markets and those who are free-market oriented and believe that the monetary system ought to operate freely and without government and central banking interference. One can see once more in this article that the mainstream meme has to do not with risk but opportunity. The stock market, with all it ... Fri, 10 May 2013 00:06:00 GMT http://www.thedailybell.com/30648/How-High-is-High http://www.thedailybell.com/29081/Shock-Economist-Mag-Predicts-North-American-Common-Market In an article entitled, "Barack Obama's Visit to Mexico: The Unmentionables," The Economist magazine makes an astounding claim – via a third-party to be sure – that addressing migration and energy reform could really improve prosperity in Mexico and thus help create "a North American common market." Gee, talk about letting the proverbial cat out of the bag! ... We've just published a series of articles focused on an emergent North American Union between Canada, the US and Mexico, and here comes ... Thu, 09 May 2013 00:08:00 GMT http://www.thedailybell.com/29081/Shock-Economist-Mag-Predicts-North-American-Common-Market http://www.thedailybell.com/29082/How-the-Drug-Trade-Becomes-Legalized--Quietly Something important is stirring in the United States that could have a big impact around the world. Drugs are being legalized. Or at least marijuana. The banning of marijuana was always a somewhat dubious enterprise even though people in the US and abroad have spent decades in prison for selling it or even just for smoking it. Cocaine (at least the coca leaf) was legal once up a time, and certainly in the US where Founding Fathers reportedly indulged and Coca Cola used it as part of the sugary ... Thu, 09 May 2013 00:07:00 GMT http://www.thedailybell.com/29082/How-the-Drug-Trade-Becomes-Legalized--Quietly http://www.thedailybell.com/29083/Future-of-Digital-Rights Kim Dotcom has turned from a potential felon into a symbol of intellectual freedom. This will likely complicate US extradition efforts ... as the case is gradually turning into a controversy over intellectual ownership, which is not ground on which the US government wants to tread. US attorneys want to focus on Dotcom-the-criminal, not Dotcom-the-intellectual-rights-martyr. For a while, the US seemed to be having its way, even in far off New Zealand. Not long ago, Megaupload's Kim Dotcom was put ... Thu, 09 May 2013 00:06:00 GMT http://www.thedailybell.com/29083/Future-of-Digital-Rights http://www.thedailybell.com/29084/Implosion-Patent-Law-Remains-Troubled-in-the-US A scholar with the Cato Institute, a libertarian think tank, has written about India's noted Gleevec case that has spawned such headlines as "Gleevec as an attack on intellectual property rights and a win for patients in need of cheap drugs ..." The article posted at a Reuters blog points out that "Those headlines are misleading. What the ruling actually demonstrates is that India has set a high bar for determining what is 'innovative.'" The article adds that the United States "could learn a ... Thu, 09 May 2013 00:05:00 GMT http://www.thedailybell.com/29084/Implosion-Patent-Law-Remains-Troubled-in-the-US http://www.thedailybell.com/29080/Catherine-Austin-Fitts-Solari-Story-The-Blue-Light This week's Solari Story from Catherine Austin Fitts is titled "The Blue Light." Here's a bit of the transcript: "As you know, I was in litigation for approximately 11 years and it was all civil litigation relating to my company. In the beginning we went through 18 audits and investigations and several efforts by a variety of parties to falsely frame us. We were very lucky, caught it. It's all described in great detail in the resource ... Thu, 09 May 2013 00:03:00 GMT http://www.thedailybell.com/29080/Catherine-Austin-Fitts-Solari-Story-The-Blue-Light http://www.thedailybell.com/29075/Richard-Ebeling-Karl-Marx-the-Once-Anti-Communist-Who-Brought-Socialist-Ruin-to-the-World Karl Marx was born on May 5, 1818 in the German Rhineland town of Trier, and died on March 14, 1883 in London. It is worth recalling, also, that there was a time when Marx was an anti-communist. It is said that by its fruit you will know the tree. The last one hundred years is a clear testament to the consequences of Marx's influence on modern history. Accepting the "classical" labor theory of value, he concluded the workers were "exploited" by the "capitalists." Marx claimed that "profit" was ... Thu, 09 May 2013 00:03:00 GMT http://www.thedailybell.com/29075/Richard-Ebeling-Karl-Marx-the-Once-Anti-Communist-Who-Brought-Socialist-Ruin-to-the-World http://www.thedailybell.com/29076/Salvage-Europe-With-Visionary-Leadership This article is written by Wall Street Journal veteran Frederick Kempe and in it he seems to be sounding a slightly new subdominant social theme ... that Europe has failed because its leadership is failing. There are two main paradigms at work here. One is free-market oriented and holds that people exercise human action and can take care of themselves if only they have the opportunity. The other is a more globalist paradigm that sees people being led by their superiors through force of ... Wed, 08 May 2013 00:08:00 GMT http://www.thedailybell.com/29076/Salvage-Europe-With-Visionary-Leadership http://www.thedailybell.com/29077/Barroso-Blabs-Back Hardly anyone exhibits what we have called Europe's "immovable rigor" more than Jose Manuel Barroso. Barroso, a socialist and communist in his youth, is one of Brussels's top Eurocrats and one of its most arrogant. His statement is an example of the immoveable and unbreakable will that leaders throughout history have been fond of citing. Napoleon often spoke of it, and Hitler, too. But Napoleon's dreams of a French Europe crumbled. Hitler's dreams of a European Reich didn't last. So why make ... Wed, 08 May 2013 00:07:00 GMT http://www.thedailybell.com/29077/Barroso-Blabs-Back http://www.thedailybell.com/29078/What-Buffett-Has-Forgotten-But-We-Should-Remember This article makes sure to remind us that Warren Buffett is the world's fourth richest man. But wealth does not necessarily create wisdom. We remember when Buffett was technically broke ... certainly right after the financial crisis that began in 2008. Then with almost every other Goliath, Buffet was busted. Briefly, his net worth was probably negative. It was money printing that caused the financial crisis, in our view ... money printing and low rates. Since then, there has been more of the ... Wed, 08 May 2013 00:06:00 GMT http://www.thedailybell.com/29078/What-Buffett-Has-Forgotten-But-We-Should-Remember http://www.thedailybell.com/29079/Debate-on-European-Union The commentary about this video is a companion piece to our lead article and was, in fact, mentioned in the Reuters article that we analyzed. European leaders are aware enough of their problem that they dubbed 2013 as "The European Year of Citizens." For its part, the European Commission has released this Europe Day video. But PR won't solve the problem any more than a banking union could. The video is an attempt at damage control and shows clearly that after years of manipulating the general ... Wed, 08 May 2013 00:04:00 GMT http://www.thedailybell.com/29079/Debate-on-European-Union http://www.thedailybell.com/29074/John-Browne-Germany-Under-Pressure-to-Create-Money Currently, central banks around the world are walking in lock step down a dangerous path of money creation. Led by the Federal Reserve and the Bank of Japan, economic policy is driven by the idea that printed money can be the true basis of growth. The result is an unprecedented global orgy of currency creation. The only holdout to this open ended commitment has been the hard money bias of the German-dominated European Central Bank (ECB). However, growing political pressure from around the world, ... Wed, 08 May 2013 00:02:00 GMT http://www.thedailybell.com/29074/John-Browne-Germany-Under-Pressure-to-Create-Money http://www.thedailybell.com/29046/Tibor-Machan-More-Environmentalist-Confusions The New York Observer reported in its April 15, 2013, issue (B 1) that Leonardo DiCaprio is teaming up with Christie's in New York City to hold a "major philanthropic auction." I am not interested in the details, which appear to me a kind of kiss-up to fellow celebrities on the political/cultural Left. But the following statement from the actor is quite instructive. The Observer reports: 'The world's forests, oceans and biodiversity provide us with innumerable benefits like oxygen to breathe, ... Wed, 08 May 2013 00:02:00 GMT http://www.thedailybell.com/29046/Tibor-Machan-More-Environmentalist-Confusions http://www.thedailybell.com/29070/Has-Rome-Saved-Italy So we see again that Reuters celebrates the political at the expense of the marketplace. If Italy is on the brink, it is because of a series of political decisions that have stripped the country and citizens of their solvency. But, of course, Italy has been under attack by centralizers for centuries. The repository of the Renaissance, Italy blossomed as a series of city-states that competed with each other in the arts, sciences, philosophy and economics. The Mafia is a very Italian creation, ... Tue, 07 May 2013 00:08:00 GMT http://www.thedailybell.com/29070/Has-Rome-Saved-Italy http://www.thedailybell.com/29071/Misleading-Headline-of-Predictable-Stock-Market-Meme The reason the stock market is going up is because central banks have launched an unprecedented money-printing binge. But you wouldn't know that reading this Reuters headline. The headline is weirdly disassociated from the text of the article itself. The headline is a celebration of the stock market. The rest of the article reveals a more sordid reality. Why not write Central Bank Money Pumping Primes Market Rally? Or Dow Is Up Despite Depression-Like Circumstances? Or Stock Markets Stuffed ... Tue, 07 May 2013 00:07:00 GMT http://www.thedailybell.com/29071/Misleading-Headline-of-Predictable-Stock-Market-Meme http://www.thedailybell.com/29072/Wall-Street-Guru-Comes-Out-in-Favor-of-Public-Central-Banks Free-Market Analysis: We've often pointed out that a national socialist (Nazi) meme is gaining strength in the West. It is promoted by often charming individuals like Ellen Brown (Web of Debt) and many, many others who are far less charming and often truculent and hypocritical. The meme basically defends central banking as "private" and wants us to believe that if central banks were more controllable public entities that all would be well with Western economies. Part of the meme involves mutual ... Tue, 07 May 2013 00:06:00 GMT http://www.thedailybell.com/29072/Wall-Street-Guru-Comes-Out-in-Favor-of-Public-Central-Banks http://www.thedailybell.com/29073/Eurocrats-Contemplate-Social-Credit-as-Meme-Expands Well, it didn't take long for this meme to make considerable headway. We've been tracking it for years, since noticing the popularity of Web of Debt. Since then we've watched its expansion via a variety of what we believe to be pre-packaged websites. And now it's catching on in Europe. The idea is that "the people" ought to control central banking and also ought to distribute money for all via government largesse. The point of this is to disintermediate nasty free-market capitalist influences ... Tue, 07 May 2013 00:05:00 GMT http://www.thedailybell.com/29073/Eurocrats-Contemplate-Social-Credit-as-Meme-Expands http://www.thedailybell.com/29069/Bill-Bonner-The-Greatest-Lie-the-Fed-Ever-Told Public life bumbles along under a combination of false pretenses and self-imposed delusions. At the start of last week, it was widely reported that US central bankers had gone as far as they were willing to go. There were voices in the Fed, said the news, urging caution. There would be no further monetary stimulus measures, said the commentators. Investors grew cautious. But by the end of the week, they were rolling the dice again. The Fed was working hard to fight the impression that it had ... Tue, 07 May 2013 00:02:00 GMT http://www.thedailybell.com/29069/Bill-Bonner-The-Greatest-Lie-the-Fed-Ever-Told http://www.thedailybell.com/30642/Member-Zone-Benefit-High-Alert-Now-Available-for-eReaders-Download The Daily Bell is pleased to offer another valuable FREE benefit to our Members. Anthony Wile's fourth edition of High Alert: How the Internet Reformation is causing a financial hurricane – and how to profit from it, is now available in three formats: pdf, epub and mobi, accessible from the front page of The Bell or in the Member Zone. Click Here. With these new formats, Daily Bell Members can now read High Alert online via eBook or pdf readers, or download for iPad or eReaders such as the ... Mon, 06 May 2013 00:08:00 GMT http://www.thedailybell.com/30642/Member-Zone-Benefit-High-Alert-Now-Available-for-eReaders-Download http://www.thedailybell.com/30643/Morgan-Stanley-Commentators-Please-Reveal-Your-Conflicts-of-Interests Did you know that gold and oil have similar trading characteristics? Oil has been in use about 100 years from an industrial perspective and gold for several thousand years – though some say there are gold mines in South Africa that are 100,000 years old or more. So it is strange that a thousand-year-old mineral and 100-year-old power source should have equivalent characteristics. We should wonder about that, but of course this Bloomberg article doesn't wonder at all. Written by a Morgan Stanley ... Mon, 06 May 2013 00:07:00 GMT http://www.thedailybell.com/30643/Morgan-Stanley-Commentators-Please-Reveal-Your-Conflicts-of-Interests http://www.thedailybell.com/30644/Globalist-Euro-Disaster-Euro-Founder-Endorses-Bust-Up Are the rats removing themselves from the ruins of the EU? This one rat, the "German euro founder" according to the UK Telegraph is jumping ship. We call Oskar Lafontaine a rat because of the damage he has caused by backing the European Union – which was never merely a trade union – and because he was instrumental in trying to cement the union with this disastrous regional currency. Lafontaine like other Eurocrats knew full well what he was doing when he helped inflict this monstrous mess. The ... Mon, 06 May 2013 00:06:00 GMT http://www.thedailybell.com/30644/Globalist-Euro-Disaster-Euro-Founder-Endorses-Bust-Up http://www.thedailybell.com/30646/The-Long-Slow-Slide-Toward-Prosperity We have titled this article "The Long, Slow Slide Toward Prosperity" even though that doesn't seem to make much sense, certainly not in the context of this Bloomberg article. But we will explain shortly. First, more about the article. It is just one of many that Bloomberg seems to churn out as required that deal with the "crisis of capitalism" in a sympathetic yet infuriating way. Infuriating because it cites the deplorable state of the US economy without ever explaining the real reasons why or ... Mon, 06 May 2013 00:05:00 GMT http://www.thedailybell.com/30646/The-Long-Slow-Slide-Toward-Prosperity http://www.thedailybell.com/30645/President-Obama-Reject-Warnings-of-Tyranny This is a startling video clip because in it US President Barack Obama bluntly confronts the reality of the current US conversation in which up to 30 percent (according to one recent poll) believe armed rebellion will be a necessity in the near future. Here at The Daily Bell, of course, we try to focus on dominant social themes from an economic and civil society standpoint. Surely the growing anger in the US – and throughout the West – must be a concern for those who have helped shape the ... Mon, 06 May 2013 00:04:00 GMT http://www.thedailybell.com/30645/President-Obama-Reject-Warnings-of-Tyranny http://www.thedailybell.com/30641/Ron-Paul-Federal-Reserve-Blows-More-Bubbles Last week at its regular policy-setting meeting, the Federal Reserve announced it would double down on the policies that have failed to produce anything but a stagnant economy. It was a disappointing, but not surprising, move. The Fed affirmed that it is prepared to increase its monthly purchases of Treasuries and mortgage-backed securities if things don't start looking up. But actually the Fed has already been buying more than the announced $85 billion per month. Between February and March, the ... Mon, 06 May 2013 00:03:00 GMT http://www.thedailybell.com/30641/Ron-Paul-Federal-Reserve-Blows-More-Bubbles http://www.thedailybell.com/29068/Paul-Craig-Roberts-The-Financial-Press-A-Disinformation-Machine Dave Kranzler of Golden Returns Capital declares the April payroll jobs report that was released on May 3 by the Bureau of Labor Statistics to be "fictitious." Statistician John Williams (shadowstats.com) says both the jobs report and unemployment rate are "nonsense." I agree with both. But don't expect the financial press to report the facts. Let's take a walk through the BLS report and you can arrive at your own conclusion. The BLS report says that the private sector created 185,000 service ... Mon, 06 May 2013 00:01:00 GMT http://www.thedailybell.com/29068/Paul-Craig-Roberts-The-Financial-Press-A-Disinformation-Machine http://www.thedailybell.com/29047/Anthony-Wile-Antal-Fekete-Gold-Backwardation-and-the-Collapse-of-the-Tacoma-Bridge The Daily Bell is pleased to present this exclusive interview with Antal Fekete. Here's a snippet. Daily Bell: Where is the price of gold headed from here? Antal Fekete: The price of gold is headed for extinction. I for one don't believe that the price of gold is headed for five digits. Long before that might happen, permanent backwardation* would shut down the gold futures markets. Gold could no longer be purchased at any price. Gold would only be available through barter. World trade is facing ... Sun, 05 May 2013 00:08:00 GMT http://www.thedailybell.com/29047/Anthony-Wile-Antal-Fekete-Gold-Backwardation-and-the-Collapse-of-the-Tacoma-Bridge http://www.thedailybell.com/30640/Anthony-Wile-Nigel-Farage-and-His-UKIP-Party-Win-Big-in-Britain-Once-More Big news. Drudge is featuring the news prominently – and it is certainly noteworthy. It looks like British voters are going to have a choice once more. Bully for them. Picking between Labour and the Tories over the past decades (post-Thatcher) has probably been a painful process for British voters, as it has not been clear what the Tories actually stand for. One could hold one's nose and vote, and apparently many did just that. As a result, today, the Tories rule with aid of the Left. It's a ... Sat, 04 May 2013 00:08:00 GMT http://www.thedailybell.com/30640/Anthony-Wile-Nigel-Farage-and-His-UKIP-Party-Win-Big-in-Britain-Once-More http://www.thedailybell.com/30638/Fed-Is-Tightening-No-Its-Loosening-No-Its- Is the Fed loosening or tightening and how do they know? Wouldn't the top bankers at the Fed need forward-looking indicators to be most successful? In other words, once an economy has sagged – or roared to life – isn't it too late to apply the necessary prophylactic? Here's more from the Bloomberg article above: The statement, released in Washington, countered discussion of the timing of a reduction in purchases at the Fed's March meeting. "There is more uncertainty so they probably wanted to ... Fri, 03 May 2013 00:08:00 GMT http://www.thedailybell.com/30638/Fed-Is-Tightening-No-Its-Loosening-No-Its- http://www.thedailybell.com/29063/The-New-Meme-of-Open-Borders We are not fooled by this emergent meme. It sounds reasonable but it is really intended, in our view, to flood with the West with other cultures and other ethnicities. In theory, this is great; in practice not so. It is more than likely a globalist gambit, intended to continue the work of breaking down society so as to build up a truly global one. The only trouble is that culture is resilient and nothing will invite social chaos, resentment and violence more than forcibly shoving one culture ... Fri, 03 May 2013 00:07:00 GMT http://www.thedailybell.com/29063/The-New-Meme-of-Open-Borders http://www.thedailybell.com/30639/The-Bounty-of-Fracking We don't believe for a minute that the oil and gas industry suddenly "discovered" fracking, etc. From what we can tell, these technologies have been around a long time. So why have the powers-that-be begun to cautiously indicate the true scale of oil and gas production in the US and elsewhere? We figure it could be a number of reasons. For one thing, the alternative energy movement may really be taking off, portions of it anyway, and reemphasizing traditional sources of power and their viability ... Fri, 03 May 2013 00:06:00 GMT http://www.thedailybell.com/30639/The-Bounty-of-Fracking http://www.thedailybell.com/29064/Sweden-Is-Not-So-Equal When leftists speak about the redeeming qualities of Swedish communitarianism, they don't mention that Sweden has an inbred, titled elite. This is very interesting and might change the context of a conversation that usually celebrates Sweden's confiscatory tax rates and Green cultism. Reading this article, one is provided with the insight that one reason for Sweden's over-the-top socialism is that the titled elites living mostly in urban centers have used regulation and taxation to protect the ... Fri, 03 May 2013 00:05:00 GMT http://www.thedailybell.com/29064/Sweden-Is-Not-So-Equal http://www.thedailybell.com/29065/Iraq-Readies-for-Civil-War From an investment and business standpoint this is bad news. We were led to believe by the US government itself and supporters in Iraq that the new government would increase peace throughout the region. But now the cracks are beginning to show. Iraq's Sunni minority population was powerful under Saddam Hussein but now is the minority in terms of power as well as population. But empowering the Shia population has not proven to be any kind of panacea. According to this article, a subdued civil war ... Fri, 03 May 2013 00:04:00 GMT http://www.thedailybell.com/29065/Iraq-Readies-for-Civil-War http://www.thedailybell.com/29066/Law-Enforcements-Anti-Business-Turn This is a disturbing story based on research that shows quite clearly how the US's premiere national police force is contributing to what we might call the "terrorists among us" meme. The charge that the FBI is manufacturing terrorism – and suspects – rather than keeping the US safe from terrorism is an extremely grave charge that brings up shades of countries that slid into authoritarianism based on claims of civil unrest that were eventually seen to be manufactured. It is fairly clear that ... Fri, 03 May 2013 00:03:00 GMT http://www.thedailybell.com/29066/Law-Enforcements-Anti-Business-Turn http://www.thedailybell.com/30637/Shock-Federal-Reserve-Official-Calls-for-End-of-Fed-Competing-Currencies This is a fairly shocking video in the sense that the gentleman being interviewed is a former Fed official. He calls for a free-market gold and silver standard along with competing currencies – just what we've been suggesting. What is just as interesting is the focus on the Fed as a central bank. Stossel points out that central planning has been discredited the world over, so why does the world have central planning for money? This is a big issue and one that will not go away. After a century ... Fri, 03 May 2013 00:03:00 GMT http://www.thedailybell.com/30637/Shock-Federal-Reserve-Official-Calls-for-End-of-Fed-Competing-Currencies http://www.thedailybell.com/30636/Peter-Schiff-The-Great-Gold-Redemption The most puzzling part of the investment business is seeing how the vast and largely economically illiterate masses interpret any given piece of news. Take the recent gold selloff: many large players were motivated to sell by news that Cyprus will have to liquidate its gold stockpiles to pay off acute debt obligations. But just a moment's reflection shows this reaction to be knee-jerk. The real story behind Cyprus's deal has much more profound ramifications - and they are positive for gold. The ... Fri, 03 May 2013 00:02:00 GMT http://www.thedailybell.com/30636/Peter-Schiff-The-Great-Gold-Redemption http://www.thedailybell.com/30633/Obamacare-Opportunity-Amidst-the-Wreckage-but-Not-Forever John Stossel is surely a token libertarian, one that the major US media tolerates ... perhaps because he is photogenic and perhaps because he has perfected the art of dissenting in a tolerably polite way. This article in Human Events is a good example of Stossel's approach. It is a bit simplistic in places but in the largest sense it is a pretty good article because it reminds us of the looming disaster that is Obamacare. What President Barack Obama did with the help of Congress is take the next ... Thu, 02 May 2013 00:08:00 GMT http://www.thedailybell.com/30633/Obamacare-Opportunity-Amidst-the-Wreckage-but-Not-Forever http://www.thedailybell.com/30632/Promotion-of-US-Mexico-Union-Continues-in-the-Mainstream Tracking elite memes is an art form not an econometric analysis. We do the best we can, and we're fairly convinced that Mexico and the US are on the menu as part of a larger (with Canada) North American Union. We've been writing about this regularly in the past few weeks. We've noticed a huge pipeline is about to be built from Canada through the US and on toward Mexico. And suddenly the "broken" US immigration system is due for a congressional facelift. And now Obama is meeting with Mexico's ... Thu, 02 May 2013 00:07:00 GMT http://www.thedailybell.com/30632/Promotion-of-US-Mexico-Union-Continues-in-the-Mainstream http://www.thedailybell.com/30634/Times-Bemoans-Poverty-Neglects-Solution Another day, another analysis focusing on minority income inequality. The New York Times editors love these articles because they can position the old Gray Lady as beating her breast over the evil in US society without ever demanding substantive change. Several ideas may arise from such articles. Certainly one of them is a sense of helplessness at how unfair US society actually is. This is usually blamed on US exceptionalism. What that means is that a free society is just not able to cope with ... Thu, 02 May 2013 00:06:00 GMT http://www.thedailybell.com/30634/Times-Bemoans-Poverty-Neglects-Solution http://www.thedailybell.com/30635/Chinese-Should-Drop-Cash-Like-Other-Modern-Economies The globalists who are doing their best to eradicate so-called tax havens have apparently discovered that about a billion Chinese like doing business in cash. Presumably, China is on the menu. The impulse is always the same for the globalists, and it is one of control. In this age of full-scale paper money, governments really don't need tax revenues anymore. They can print as much as they want and central bankers swear they can sterilize those funds as necessary – so much of this exercise would ... Thu, 02 May 2013 00:05:00 GMT http://www.thedailybell.com/30635/Chinese-Should-Drop-Cash-Like-Other-Modern-Economies http://www.thedailybell.com/30631/Catherine-Austin-Fitts-Solari-Story-The-Power-of-Local This week's Solari Story from Catherine Austin Fitts is titled "The Power of Local." Here's a bit of the transcript: "I always say that my neighborhood or my county is the molecule, if the body's made up of molecules, and to understand the body we need to understand a molecule. It's the same with the global economy. Your county or neighborhood is the molecule and the planet is the body. And if you don't understand your local economy it's absolutely impossible to understand the global economy. I ... Thu, 02 May 2013 00:02:00 GMT http://www.thedailybell.com/30631/Catherine-Austin-Fitts-Solari-Story-The-Power-of-Local http://www.thedailybell.com/30629/Here-Comes-the-New-Fed-Boss It seems official now ... Ben Bernanke is leaving at the end of his term. He is said to be exhausted by the past seven years of economic implosion and subsequent quarrels about monetary policy. Of course, from our humble perspective, this is all to the good. It is our somewhat impractical hope that what we call the Internet Reformation will make being Fed chairman so miserable that no one will want the job and the Fed will simply collapse from lack of participation at the topmost levels. We ... Wed, 01 May 2013 00:08:00 GMT http://www.thedailybell.com/30629/Here-Comes-the-New-Fed-Boss http://www.thedailybell.com/30630/madness-of-a-stimulating-fed This is an unusual article to appear in Bloomberg, especially given the headline. But unfortunately, it promises more than it delivers. It would be nice to read a real evaluation of central banking in the modern mainstream press. But perhaps this is as close as we can expect to get. The author explains that low interest rates and money manipulation have given rise to wild economic swings and questions about the current monetary easing. In fact, he does more than question it. He actively ... Wed, 01 May 2013 00:07:00 GMT http://www.thedailybell.com/30630/madness-of-a-stimulating-fed http://www.thedailybell.com/29061/A-Modest-Monetary-Proposal This Bloomberg article has an oddly celebratory tone. But we are not so interested in celebrating the demise of tax havens as we are in drawing the appropriate lessons from this event. The first lesson we can draw is that the world is a lot more coordinated than is ordinarily admitted. How is it possible that countries around the world have come up with the same legislation at the same time focused on destroying offshore banking once and for all? The idea of one coordinated world has long been ... Wed, 01 May 2013 00:06:00 GMT http://www.thedailybell.com/29061/A-Modest-Monetary-Proposal http://www.thedailybell.com/29062/Is-the-Consumer-Really-More-Confident What the heck is The Conference Board and why does it matter? Well, according to Wikipedia, The Conference Board is a pretty big deal. The Conference Board, Inc. is a 501(c)(3) tax-exempt non-profit business membership and research group organization. It counts approximately 1,200 public and private corporations and other organizations as members, encompassing 60 countries. ... The organization was founded in 1916 as the National Industrial Conference Board (NICB). At the time, tensions between ... Wed, 01 May 2013 00:05:00 GMT http://www.thedailybell.com/29062/Is-the-Consumer-Really-More-Confident http://www.thedailybell.com/29018/Tibor-Machan-Government-Regulations-Revisited You might not think it considering my relentless concerns about the growing power of government, but I am not a pessimist. There are many areas of life where liberty is making advances - e.g., gays are no longer being so persistently harassed by government and even the obscene "war" on drugs may eventually give way to much saner policies. But in the economic realm, where it causes so much direct damage to us all, government's interference is on the rise. Yet many people do not fully appreciate ... Wed, 01 May 2013 00:03:00 GMT http://www.thedailybell.com/29018/Tibor-Machan-Government-Regulations-Revisited http://www.thedailybell.com/30628/Llewellyn-H-Rockwell-Jr-Another-Nail-in-the-Neocon-Coffin The recent opening of the Ron Paul Institute for Peace and Prosperity was a watershed moment in American history. There has never been anything quite like it. Ideologically diverse, the Ron Paul Institute reaches out to all Americans, and indeed to people all over the world, who find the spectrum of foreign-policy opinion in the United States to be unreasonably narrow. Until Ron Paul and his new institute, there was no resolutely anti-interventionist foreign-policy organization to be found. ... Wed, 01 May 2013 00:02:00 GMT http://www.thedailybell.com/30628/Llewellyn-H-Rockwell-Jr-Another-Nail-in-the-Neocon-Coffin http://www.thedailybell.com/29055/EUs-Serious-Gamble-There-Will-Be-More-Wealth-Confiscation Whoops, there goes Lars Christensen running his mouth again. Christensen is one of the founders of the idiosyncratic Saxo bank, which began life online, apparently as an "Internet bank." When you read up on Saxo you will be surprised as to how much controversy it's attracted. Most recently, it was subject to a comprehensive investigation by the Danish equivalent of the SEC, and perhaps out of frustration or perhaps because Christensen can't help himself, he spoke bluntly to the Telegraph about ... Tue, 30 Apr 2013 00:08:00 GMT http://www.thedailybell.com/29055/EUs-Serious-Gamble-There-Will-Be-More-Wealth-Confiscation http://www.thedailybell.com/29056/Who-Are-the-Monarchs-of-Money We have been noting the spate of adulatory articles appearing in the mainstream press regarding central banks and central bankers. It really is quite amazing. Reuters has run several articles comparing central bankers to superheroes. And now comes the Canadian Broadcasting Company to further profile these folks in a special series called "Monarchs of Money" – a three-part special editorial series. This initial post was placed on the CBC website. The point of this exercise – clever as always ... Tue, 30 Apr 2013 00:07:00 GMT http://www.thedailybell.com/29056/Who-Are-the-Monarchs-of-Money http://www.thedailybell.com/29057/300-Million-Young-People-Out-of-Work-Economist-Mag-Suggests-Solution The bad news goes on and on. From the Economist magazine we learn that some 300 million young people are out of work in emerging markets. We suppose this does not count the tens of millions out of work in Southern Europe and a similar number in the US. What really isn't working is the rigid, inflationary system of monetary debasement that is gradually (purposefully?) crushing Western civilization. Ironically, it is our suspicion that all is NOT so bad as it seems, that the West's plight is at ... Tue, 30 Apr 2013 00:06:00 GMT http://www.thedailybell.com/29057/300-Million-Young-People-Out-of-Work-Economist-Mag-Suggests-Solution http://www.thedailybell.com/29058/The-Impossible-Problem-of-Old-People This is a terrific analysis provided by Standard and Poor's about the problems caused by old people and how leaders will struggle with this grave crisis. Of course, in writing the above sentence, we are being somewhat sarcastic. This is, in reality, just one more scarcity-based dominant social theme creating an artificial problem and then proposing an equally artificial and flawed solution. The solution in this case is that government itself must solve the problem of too many old people. And a ... Tue, 30 Apr 2013 00:05:00 GMT http://www.thedailybell.com/29058/The-Impossible-Problem-of-Old-People http://www.thedailybell.com/29059/Fiskers-Spendthrift-Tale-Failure-of-Green-Government-Action We've written about many of the farcical elements of Green industry in the past and identified Fisker as one of the most egregious offenders. Unfortunately, the resurgence of electrical motoring caught the attention of buyers and investors with predictable results. We saw this in the 1970s. In fact, it is not just car companies. Solar companies, wind-powered ventures and other sorts of companies offering consumers alternatives all proved to be vulnerable to economic downturns. What is very clear ... Tue, 30 Apr 2013 00:04:00 GMT http://www.thedailybell.com/29059/Fiskers-Spendthrift-Tale-Failure-of-Green-Government-Action http://www.thedailybell.com/29060/Self-Delusion-of-Barry-Diller Barry Diller has buyer's remorse, as we can see from this video. He comes across as cogent and even eloquent about the changes in the news media ... and yet one wonders why he purchased a failing magazine. Newsweek was not worth a dime when Diller purchased it and the reasons were obvious. The times had changed. Newsweek was no longer a factor in the US conversation because it provided easily analyzed dominant social themes and was an obvious leftist and globalist mouthpiece. In fact, Diller's ... Tue, 30 Apr 2013 00:03:00 GMT http://www.thedailybell.com/29060/Self-Delusion-of-Barry-Diller http://www.thedailybell.com/29050/Gun-slinging-Woman-Takes-on-Effete-Fed--and-Makes-It-Better Presumably we are supposed to feel better because there is now a hawkish woman of integrity voting against accommodative Federal Reserve policies. We're not actually especially impressed by her but we are always impressed generally with Reuters's endless efforts to adulate central bankers. If they are not comparing them to superheroes, they are showing us – in this article – that the Fed is a place where clear-eyed individualists like Esther George can shine. It doesn't hurt for those who wish ... Mon, 29 Apr 2013 00:08:00 GMT http://www.thedailybell.com/29050/Gun-slinging-Woman-Takes-on-Effete-Fed--and-Makes-It-Better http://www.thedailybell.com/29051/Farce-of-the-Bundesbank Excuse our cynicism. This all looks to us like a kind of monetary passion play. The outcome is predictable and the drama is being presented for the gratifications of the rubes. We are supposed to worry – or at least follow with fascination – what the German constitutional court will rule. Let's see ... destroy the EU with a single vote or continue the status quo ... Any justice interested in self-preservation is not going to vote against the EU and spend the rest of his or her (short) life ... Mon, 29 Apr 2013 00:07:00 GMT http://www.thedailybell.com/29051/Farce-of-the-Bundesbank http://www.thedailybell.com/29052/ Here's an interesting article in the Washington Post explaining how US fiscal austerity needs to be offset by Federal Reserve pump priming. We would argue, not to put too fine a point on it, that it is a confused mess. The logic is lacking and the facts are in doubt. Unfortunately, it seems to make perfect sense to the author, who works for the Roosevelt Institute. As its name might suggest, the Roosevelt Institute is entirely comfortable with governmental activism on the economic front – even ... Mon, 29 Apr 2013 00:06:00 GMT http://www.thedailybell.com/29052/ http://www.thedailybell.com/29053/True-Cost-of-Energy-Efficiency Like you, dear reader, we were very happy to see that the US had the most energy efficient economy in US history. But unlike the Energy Information Agency (EIA), we don't consider this an unalleviated good. We would rather the US had an ECONOMY – which seems to be an increasingly dubious reality – rather than merely an energy efficient one. We have been told for so long that energy efficiency and alleviation of industrial pollution are a kind of Holy Grail. But now that we have reached this sac ... Mon, 29 Apr 2013 00:05:00 GMT http://www.thedailybell.com/29053/True-Cost-of-Energy-Efficiency http://www.thedailybell.com/29054/AEIs-Half-A-Loaf-Analysis-Is-Better-than-None Since we just finished being a bit mean to the AEI in another article in this issue, perhaps it's only fair to write one that gives them a bit of a pat on the back. This article, written to commemorate the ubiquitous and obnoxious Earth Day, is right on target when it comes to the kinds of tactics being used by those who want to convince us that the sky is falling and that only globalist institutions can save us. This sort of approach uses what we call Dominant Social Themes, fear-based ... Mon, 29 Apr 2013 00:04:00 GMT http://www.thedailybell.com/29054/AEIs-Half-A-Loaf-Analysis-Is-Better-than-None http://www.thedailybell.com/29048/Ron-Paul-Liberty-Was-Also-Attacked-in-Boston Forced lockdown of a city. Militarized police riding tanks in the streets. Door-to-door armed searches without warrant. Families thrown out of their homes at gunpoint to be searched without probable cause. Businesses forced to close. Transport shut down. These were not the scenes from a military coup in a far off banana republic, but rather the scenes just over a week ago in Boston as the United States got a taste of martial law. The ostensible reason for the military-style takeover of parts of ... Mon, 29 Apr 2013 00:03:00 GMT http://www.thedailybell.com/29048/Ron-Paul-Liberty-Was-Also-Attacked-in-Boston http://www.thedailybell.com/29049/Paul-Craig-Roberts-Recovery-for-the-7-Percent "From the end of the recession in 2009 through 2011 (the last year for which Census Bureau wealth data are available), the 8 million households in the U.S. with a net worth above $836,033 saw their aggregate wealth rise by an estimated $5.6 trillion, while the 111 million households with a net worth at or below that level saw their aggregate wealth decline by an estimated $600 billion." Pew Research, "An Uneven Recovery," by Richard Fry and Paul Taylor. Since the recession was officially ... Mon, 29 Apr 2013 00:02:00 GMT http://www.thedailybell.com/29049/Paul-Craig-Roberts-Recovery-for-the-7-Percent http://www.thedailybell.com/29044/Anthony-Wile-Larry-Parks-Everything-You-Ever-Wanted-to-Know-About-Money-Metals The Daily Bell is pleased to present this exclusive interview with Dr. Lawrence Parks. Here's a snippet: Daily Bell: So what you seem to be saying, Larry, is that the Constitution has been usurped in order to facilitate what is clearly a fraud on the people with regard to our money. Larry Parks: Absolutely. Daily Bell: So how does this get fixed? Larry Parks: I would like to spend the rest of this interview outlining what I believe is a clear roadmap of the steps needed to change the monetary ... Sun, 28 Apr 2013 00:08:00 GMT http://www.thedailybell.com/29044/Anthony-Wile-Larry-Parks-Everything-You-Ever-Wanted-to-Know-About-Money-Metals http://www.thedailybell.com/29045/Anthony-Wile-The-Biggest-Price-Fixing-Scandal-Ever--and-the-VESTS-Solution Uber financial investigative journalist Matt Taibbi has discovered what we too realized when we began to scrutinize the financial industry. In his latest article, he writes, "Everything Is Rigged: The Biggest Price-Fixing Scandal Ever." The article's cut line is, "The Illuminati were amateurs. The second huge financial scandal of the year reveals the real international conspiracy: There's no price the big banks can't fix." Taibbi's incredulity is evident throughout the article, as well it shoud ... Sat, 27 Apr 2013 00:08:00 GMT http://www.thedailybell.com/29045/Anthony-Wile-The-Biggest-Price-Fixing-Scandal-Ever--and-the-VESTS-Solution http://www.thedailybell.com/29043/Peter-Schiff-Changing-the-Conversation Don Draper, Mad Men's master advertiser likes to say "when you don't like what they are saying, change the conversation." When it comes to the current economic weakness, which was confirmed again today by the release of lower than expected GDP data, Washington would love to do just that. Fortunately for them, they consistently outdo the master minds of Madison Avenue when it comes to misdirection. If the government doesn't like what people are saying, they don't bother just to change the ... Sat, 27 Apr 2013 00:06:00 GMT http://www.thedailybell.com/29043/Peter-Schiff-Changing-the-Conversation