EDITORIAL
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August 04, 2012
Brad Plumer recently posted an article at the Washington Post's Wonkblog entitled "July jobs report: Why the unemployment rate just won't budge." Plumer was responding to a report from the Bureau of Labor Statistics that the US economy added a disappointing 163 ...
August 03, 2012
Another weary article on the need for central bank money printing. This one is served up in the Guardian from J. Bradford DeLong, a former deputy assistant secretary of the US Treasury. He is also apparently a professor of Economics at the University of Califor ...
August 03, 2012
Since King Henry I took power around this time about a millennium ago, we thought we'd take the opportunity to revisit some basic truths regarding money. It was Bill Still via Money Masters and then Ellen Brown in her famous book Web of Debt who (most recently) ...
August 03, 2012
For a while an inordinately long essay has been posted all over disputing my views on government. The author is Nicholas Dykes. I wish to inject just one short comment in support of my position. One charge made against it is that it advocates coercive monopoly, ...
August 02, 2012
Ben Bernanke has gazed out over what Bob Casey calls the Greater Depression and ... decided to do nothing at all. "Good!" we say. The only action Bernanke could take that we would favor would be dissolution of the facility over which he presides. But that is no ...
August 02, 2012
We are in our "told you so" mode these past few weeks so we might as well add one more. As reporters on the dominant social themes of the elite, we never believed in the whole social network nonsense. We wrote several articles about the impending Facebook fiasc ...
August 02, 2012
Over the years, especially since the Internet became prominent and widely used, my own ideas have received a lot of challenges. Some of these come from people with different positions on this or that but quite a few actually come from people who find advancing ...
August 02, 2012
The State Department has an office that hunts German war criminals. Bureaucracies being what they are, the office will exist into next century when any surviving German prison guards will be 200 years old. From time to time the State Department claims to have f ...
August 01, 2012
Wow. Sounds like a historical kind of statement until you realize it is Bill Gross who is responsible for marketing all sorts of bond funds for giant PIMCO, including funds that purchase inflation-adjusted instruments like TIPS. Gross is just talking up his boo ...
August 01, 2012
This article posted over at the RT website has a lot of truth to it, much that is unpalatable to those who still believe in the egalitarianism of the US marketplace. It used to be that those who came to America were eager to discover a country where anyone coul ...
August 01, 2012
We often think of Karl Marx or the progressive movement as the main source of our political troubles; but the more fundamental source of America's political conflicts goes back to a time before America's founding, finding its most powerful expression during the ...
July 31, 2012
We have the movie "Two Faces of Eve" and now a journalist gives us the "Two Faces of Evans." Why bother to comment? Well, the polarity seems to us to illustrate more powerfully than anything we can do ourselves how horrible it is to try to honestly cover the fi ...
July 31, 2012
There are many opportunities for us to say "told you so," as the 2000s wind on. We've been "on the money" about gold and silver going up, about the establishment of an Islamic crescent arc in the Middle East and generally about the elite's phony scarcity memes ...
July 31, 2012
Last week the House of Representatives overwhelmingly passed my legislation calling for a full and effective audit of the Federal Reserve. Well over 300 of my Congressional colleagues supported the bill, each casting a landmark vote that marks the culmination o ...
July 30, 2012
Ambrose Evans-Pritchard is growing grimmer and grimmer. Only Mario Draghi's ECB can avert global calamity before the year is out, he writes in this remarkably gloomy article. It may be one of the strongest articles ever penned about the EU's apparently impendin ...
July 30, 2012
Sandy Weill is sending shivers up the legs of those who are partial to financial regulation. In asserting he was wrong and that Glass-Steagall was a prudent regulation, he has now assumed the role of a Wall Streeter who understands that when it comes to the sec ...
July 30, 2012
Some insist that street vendors around the country should be banned. Why? Because the majority of those doing business adjacent to the street want them to be. The issue has come up in most major cities, including New York, NY, and Santa Ana, CA. We are talking ...
July 28, 2012
An audit of the Federal Reserve would be nice but really it wouldn't change anything. In fact, it would likely prove a kind of sideshow from reality, which is that monopoly central banking should simply be abolished. And that probably won't happen until people ...
July 27, 2012
The market has rejected the euro and the EU. Now Draghi proposes to reject the market. In a groundbreaking reversal, he has indicated he will print currency to buy euro-zone sovereign debt. Mario Draghi, president of the European Central Bank (ECB), will do "wh ...
July 27, 2012
This article from the Telegraph proposes a way to fix capitalism based on the idea that free-market thinking has traveled too far, too fast. The article written by Telegraph maven Jeremy Warner focuses on the appropriate amount of regulation that is necessary f ...
July 27, 2012
Before the United States House of Representatives, Committee on Financial Services, Hearing on the Annual Report of the Financial Stability Oversight Council, July 25, 2012 Mr. Chairman, I welcome this hearing to receive the report of the Financial Stability Ov ...
July 26, 2012
According to the Daily Telegraph, the British tax collection agency is going into the teaching business by offering educational modules for use in classes. This is not surprising given where Britain is heading ... back into recession, which is really depression ...
July 26, 2012
So Russia and China have blocked the power elite from taking down Syria through the United Nations Security Council. Now those at the top orchestrating this thing will go through the General Assembly. And who is going to the General Assembly? Why, Saudi Arabia ...
July 26, 2012
I recently read Zadie Smith's essay, "North West London Blues," in The New York Review of Books, and found it an insulting, devious, and roundabout way of trying to justify statism. The quote from the late Tony Judt tells it all. Here is what he said: "We have ...
July 25, 2012
Ambrose Evans-Pritchard is feeling the heat from his suddenly affirmed Keynesian tendency and has mentioned it in this article appearing in the UK Telegraph (see above). What might seem an unimportant conversation between a journo and his readers is much more i ...
July 25, 2012
Here is yet another sign of the times we live in. ABC News Chief Investigative Correspondent Brian Ross mentioned that the so-called Batman shooter Jim Holmes might have an affiliation with the Colorado Tea Party movement and is now being reprimanded by ABC. Ho ...
July 25, 2012
Obsessive Compulsive Disorder (OCD) is a painful, debilitating and embarrassing psychological condition. Howard Hughes is a famous sufferer of OCD, and because he had the means to indulge his compulsive habits, they grew in strength, expanded in scope to an ext ...
July 24, 2012
Well known Princeton University academic and Keynesian economist Alan Blinder has written an article posted by theWall Street Journal that urges Federal Reserve Chairman Ben Bernanke to stop paying banks so much money in interest on funds that the banks hold in ...
July 24, 2012
We missed this great article back in April over at Liberty Revival. The folks at Liberty Revival are taking part in a larger argument about the positive value of government-run fiat money versus free-market tangible assets like gold and silver. What we'll give ...
July 24, 2012
The senseless and horrific killings last week at a movie theater in Colorado reminded Americans that life is fragile and beautiful, and we should not take family, friends, and loved ones for granted. Our prayers go out to the injured victims and the families of ...
July 23, 2012
John Maynard Keynes has had a bad run in the 21st century, and this article may mark an attempt by the powers-that-be to rehabilitate him. This is no doubt important to a power elite that wants to run the world and needs the justifications that Keynes provided ...
July 23, 2012
Our Ridiculous Approach to Retirement ... Seventy-five percent of Americans nearing retirement age in 2010 had less than $30,000 in their retirement accounts. The specter of downward mobility in retirement is a looming reality for both middle- and higher- incom ...
July 23, 2012
Senate Majority Leader Reid expressed outrage about the fact that the uniforms American athletes were going to wear at the opening ceremonies for this summer's Olympics in London, UK, were manufactured in China. No, he wasn't complaining because the places wher ...
July 23, 2012
What causes some people to feel compelled to make uninformed digs at President Reagan? Is it just that they are brainwashed or, if they are thoughtful people, just too involved with other matters to be well informed about Reagan? How many of the digs at Reagan ...
July 22, 2012
The Daily Bell is pleased to present this exclusive interview with Axel Merk). Introduction: Axel Merk, President & CIO of Merk Investments, LLC, is an expert on hard money, macro trends and international investing. He is considered the authority on currencies. ...
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 ...