EDITORIAL
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July 21, 2012
A senior economist for the International Monetary Fund, Peter Doyle, has merely reaffirmed what is evident and obvious about the IMF ... that it is not a proactive organization when it comes to defusing global financial crises. Here's a question, however. Doyle ...
July 20, 2012
The mission statement of the newly formed Consumer Financial Protection Bureau (CFPB) is "To help consumer financial markets work by making rules more effective, by consistently and fairly enforcing those rules, and by empowering consumers to take more control ...
July 20, 2012
While the controversy over President Barack Obama's birth certificate and other important documents has not gone away, it now seems that in order to contain the damage, the President and his men have maneuvered one of the nation's most polarizing figures into b ...
July 20, 2012
"He didn't invent iron ore and blast furnaces, did he?" "Who?" "Rearden. He didn't invent smelting and chemistry and air compression. He couldn't have invented his Metal but for thousands and thousands of other people. His Metal! Why does he think it's his? Why ...
July 20, 2012
This column addresses President Obama's fallacious reasoning about property rights. I wrote it a few months ago (updated here) when Elizabeth Warren (Massachusetts candidate for the US Senate), said, "There is nobody in this country who got rich on his own. Nob ...
July 20, 2012
The [previous] article about the Libor scandal, coauthored with Nomi Prins, received much attention, with Internet repostings, foreign translation, and video interviews. To further clarify the situation, this article brings to the forefront implications that mi ...
July 19, 2012
The Christian Science Monitor, which used to be a newspaper and is now an entirely electronic publication, has posted an article profiling the battles of libertarian Congressman Ron Paul (R-Tex) with Federal Reserve Chairman Ben Bernanke. The Christian Science ...
July 19, 2012
It begins to come clearer, as has long been anticipated by at least some of the alternative media: The global elites behind the tensions, wars and economic problems afflicting the world today are deliberately setting up a regional conflagration in the Middle Ea ...
July 19, 2012
It appears, based on the economic philosophy he has been outlining in recent weeks, that President Obama believes that jobs based on economic transactions, exchanges, trade and so forth do not matter, have no significance. This has a very serious foundation, to ...
July 18, 2012
James Delingpole and Ambrose Evans-Pritchard are now in a literary face-off about money printing and what needs to be done to revive lagging Western economies. In a recent article, "Fed fiddles as America slides back into recession," Evans-Pritchard seems to re ...
July 18, 2012
The big news is that Maricopa County Sheriff Joe Arpaio has claimed that the Obama birth certificate is a fake. The fine print tells us that World Net Daily has pursued this story to an inexorable conclusion that President Barack Obama is not exactly whom he se ...
July 18, 2012
The Merriam-Webster Dictionary defines stress as: "1) A force exerted when one body or body part presses on, pulls on, pushes against, or tends to compress or twist another body or body part; especially the intensity of this mutual force commonly expressed in p ...
July 17, 2012
We've been tracking this dominant social theme for more than a year now. The elites that want to run the world are focusing clearly on a replay of 1930s Pecora Hearings that gave us public markets, "self-regulatory" organizations and the SEC, CFTC, etc. For som ...
July 17, 2012
So Pew has discovered YouTube news. This means two things. One, the quality of honest news is going down on YouTube. Two, mainstream news is now becoming popular enough on YouTube for Pew to mention it.
Pew was founded by oil company heirs but like almost ...
July 17, 2012
Later this month Congress will have an unprecedented opportunity to force the Federal Reserve to provide meaningful transparency to lawmakers and taxpayers. HR 459, my bill known as "Audit the Fed," is scheduled for a vote before the full Congress in July. More ...
July 17, 2012
The Russian government has finally caught on that its political opposition is being financed by the US taxpayer-funded National Endowment for Democracy and other CIA/State Department fronts in an attempt to subvert the Russian government and install an American ...
July 16, 2012
Though we've written a number of positive articles about Iceland, we're rapidly getting over the idea of Iceland as a courageous "mighty mite" standing up against Europe's "banksters." Our re-thinking has been caused in part by the posturing of Iceland's presid ...
July 16, 2012
Why are we not surprised? We've been predicting this for years one way or another. In many of our analyses of public banking, we've indicated that it is a popular-seeming solution – that if the power elite can print endless amounts of money, "the people" shou ...
July 16, 2012
As a lay student of the law, it has always struck me odd that in the US system the First Amendment to the Constitution exempts the ministry and journalism from government regulation while it appears to accept the regulation by all levels of government of numero ...
July 15, 2012
The Daily Bell is pleased to present this exclusive interview with Kerry Lutz. Introduction: Kerry Lutz has been a student of Austrian Economics since 1977. His diverse career has included: running a legal printing company, practicing commercial law and litig ...
July 14, 2012
This is a really irritating article, and that's saying something considering it appears in The Economist magazine, which is regularly obnoxious on a variety of fronts. Of course The Economist is fun to read and is erudite and self-consciously witty. Its owners ...
July 13, 2012
One of the world's major central banking institutions has now admitted that the impact of monetary manipulation has pushed up American equity markets, the biggest in the world, by about 50 percent for at least the past ten years. It will be instructive to see i ...
July 13, 2012
This is a good day for us. We have certain themes we try to analyze as a way of explaining that there is currently a struggle going on between those who want world government and those who want to expose it. The struggle is all-inclusive and people have to unde ...
July 12, 2012
UK Telegraph associate business editor Jeremy Warner has just written a very good appraisal of Spain's misguided "austerity" policies being put in place by Prime Minister Mariano Rajoy. And yet, as good as it is, we want to use it for purposes of this article t ...
July 12, 2012
What the hell is this? Milos Forman, who won Academy Awards for best director for the films "One Flew Over the Cuckoo's Nest" and "Amadeus," has penned a defense of the formal American military/political system, the one that is waging at least six overt and cov ...
July 12, 2012
Not for a moment do I buy that President Obama has suddenly grasped the plight of illegal immigrant children. For one, he is on record declaring that the law ties his hands about the matter – that he cannot act unilaterally, or so he said in a widely availabl ...
July 11, 2012
Yesterday, in an article entitled "Merkel and Hollande – Best in the World," we pointed out that much of what passed for news analysis in the mainstream press was simply leader-worship, a definitive dominant social theme. Yes, the power elite that wants to ru ...
July 11, 2012
It is kind of funny to see Gallup's execs wondering why Americans don't "trust" television these days. Could it have anything to do with the wider disconnect between what people are told and what seems real? We certainly think so. We notice there is no dearth o ...
July 10, 2012
Reuters and the Associated Press are the two main newswires from which so many of the bought-and-paid-for media get their copy. It is hard to say which one is worse but marginally it is probably Reuters – as this article excerpted above proves once again. In ...
July 10, 2012
We read this article on Paul Williams with considerable fascination. He's never been a favorite songwriter of ours, this famous, tiny songwriter (a little over five feet tall) who seems to have a schmaltz button where his heart should be. But there is no denyin ...
July 10, 2012
This is a fictional story showing how the last vestiges of the republic, your personal wealth and gold could disappear in 24 hours. "The illusion of freedom will continue as long as it's profitable to continue the illusion. At the point where the illusion becom ...
July 10, 2012
Last week my subcommittee held a hearing on fractional reserve banking and the moral hazard created by government (taxpayer) insured deposits. Fractional reserve banking is the practice by which banks accept deposits but only keep a fraction of those deposits o ...
July 09, 2012
Some days the UK Telegraph just provides us with an enormous amount of fodder and this is one of those days. Let's take a look at this article excerpted above and see where it departs from reality – as we see it anyway ... It is by Roger Bootle, a UK Telegrap ...
July 09, 2012
The head of the Labour Party is going green, as in "Greenbacker." One of the planks of the US Greenbacker movement, from what we can tell, is an investment bank. And now Ed Miliband is on board. In fact, the Labour Party has just issued a big white paper entitl ...
July 09, 2012
There was a movie with this title some time ago, starring Richard Dreyfuss, that had to do with whether a person has the right to end his or her own life. If one has a right to one's life, that choice is surely one's own. Having rights has to do with freedom or ...
July 08, 2012
The Daily Bell is pleased to present this exclusive interview with Richard Ebeling. Introduction: Dr. Richard Ebeling is a senior fellow at the American Institute for Economic Research in Great Barrington, Massachusetts, and professor of economics at Northwood ...
July 07, 2012
Because of the Internet's success, numerous attempts have been made to weaken it and make it less of a problem for the power elite that it is inconveniencing and exposing. We call the process the Internet Reformation and we're creating a society to formalize su ...
July 06, 2012
There is a sub-meme bubbling up from Washington DC concerning Hillary Clinton and the terrific manner in which she has conducted the business of the State Department during her tenure there as Secretary of State. We've noticed a pickup in mainstream media effus ...
July 06, 2012
This article announcing his ambition actually appeared in June. It was ostensibly triggered by a news assignment that saw the 67-year-old moving in with a "pensioner" and visiting a "care home for dementia patients" for a BBC series. Of course, we're not surpri ...
July 06, 2012
When you think of what you do in your life, how do you think of yourself? If you think thoughts such as, "I'm intelligent," or "I'm talented," or "I'm a failure," you're thinking of yourself in terms of traits. Traits are fixed qualities that do not change much ...
July 05, 2012
We've written two articles about the LIBOR scandal and yet we haven't had a bit of impact! How surprising is that? Well ... not very surprising. Nor are we surprised. The Internet Reformation is not based on individual revelations. It is a process not an episod ...
July 05, 2012
Another farcical story from the Kingdom of Farce that has resolved itself gradually into a magazine called Rolling Stone. Is it well written? Sure. Is it moving, even heart-wrenching? Absolutely. Then, you may ask, why is it farcical? Because it does what media ...
July 05, 2012
A frequent though quite unjustified charge against free markets is that they encourage what Karl Marx called the cash nexus or, as it is also put, commodification, treating people as items for sale. The claim is that when people engage in commerce, they are har ...
July 04, 2012
It is ironic that as Germany's public banking sector continues its realignment (see above excerpt), various forms of public banking become more popular on the English-speaking Internet. What most do not realize about the argument that paper money can provide th ...
July 04, 2012
The Daily Bell just had two of our biggest days ever but you wouldn't know it from Alexa, the Internet decider of record that is truly a nutty facility. Last month we received 17 million hits, down from our record of 24 million earlier in the year, but that's b ...
July 04, 2012
The Declaration of Independence, signed by members of the Continental Congress on July 4, 1776, is the founding document of the American experiment in free government. What is too often forgotten is that what the Founding Fathers argued against in the Declarati ...
July 03, 2012
Funny, you would think that private enterprise makes money, but not according to the International Monetary Fund and Christine Lagarde. Lagarde wants the US government to do more. This is an evident and obvious dominant social theme of the power elite for whom ...
July 03, 2012
We've written a number of articles about the electric universe because it's such an elegant theory and because the theory of gravitational physics keeps collapsing, in our view. Yes, while it surely is collapsing under its own weight and complexity, that doesn' ...
July 03, 2012
Last week supporters of Federal Reserve transparency had a major victory when the House Committee on Government Oversight and Reform passed my Audit the Fed bill, HR 459 unanimously with all major audit provisions intact. This clears the way for a House floor v ...
July 02, 2012
The Barclays scandal grows worse and worse. So here's a question: If you asked the average man on the street what the fuss was about, what answer would you get? And if you told him the LIBOR rate was subjective anyway, what would be the response? And that Barcl ...
