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The True Meaning of Thanksgiving: The Birth of Private Enterprise in America
November 25, 2009
This time of the year, whether in good economic times or bad, is when Americans gather with their families and friends and enjoy a Thanksgiving meal together. It marks a remembrance of those early Pilgrim Fathers who crossed the uncharted ocean from Europe to m ...
Hiding Evidence of Global Cooling
November 25, 2009
We admit once upon a time we used to read the Washington Times with a bit more enthusiasm. But the Times endlessly militant approach to the war on terror and its general Bush boosting during the previous administration became a bit much. However, in all fairnes ...
America's Broken Politics
November 24, 2009
Granted this is the leftist Guardian, so commenting on such an analysis from a free-market point of view is a bit like shooting fish in a barrel. But the article also provides us with a dominant social theme of sorts – that America will do better when the fed ...
Congress Grows Fed Up Despite Central Bank's Push
November 23, 2009
Is the criticism of the Fed getting out of control? Well, no. But since our modest paper is devoted on a regular basis to examining the promotions of the monetary elite and its relationship to free-markets, let us take a moment to analyze more precisely what a ...
Gary Taubes on Cold Fusion, Good Nutrition and What Makes Bad and Good Science
November 22, 2009
The editors of The Daily Bell are pleased to present an exclusive interview with leading science writer Gary Taubes. Mr. Taubes is the author of a number of well-received books including Good Calories, Bad Calories: Challenging the Conventional Wisdom on Diet, ...
Fed Makes Monitoring Bank Capital Foremost Concern
November 21, 2009
Well, here is an interesting conundrum. The wise men at the Federal Reserve, having thrown trillions into the larger marketplace, now worry that banks won't have the wherewithal, capital-wise, to withstand another asset-bubble blow up. The Fed's top brains are ...
Fed Faces Loss of Liberty
November 20, 2009
In the Fall of last year, Congress was persuaded' as a matter of urgency to vote $700,000,000,000 for the Troubled Asset Recovery Program, or TARP. It was the largest money vote in history. Now, Congress is concerned that TARP money has been misspent and that t ...
Is $6,300 Fair Value for Gold?
November 20, 2009
Of the mainstream press, only Ambrose Evans-Pritchard would likely have the gumption to write an article like this in our opinion (at this stage of the market, anyway), though we don't know if he made the headline up or not. And it's not that bad an article in ...
The Inescapable Law of Equilibrium
November 19, 2009
In nature just as in our personal lives, the principle of equilibrium is paramount. It permeates pretty much everything we know and do. All matters are drawn to equilibrium: the farther things move away from the state of equilibrium, the greater the forces are ...
The Bank of England Seems … Well, Confused
November 19, 2009
We've pointed out on numerous occasions that putting elderly (white) men (mostly) in a room with a time limit and letting them decide the quantity and price of money is a bad idea. In fact, if we proposed it that bluntly most people would reject it out of hand. ...
IMF Chief Says End Dollar Dominance
November 18, 2009
It really is astonishing. The Anglo-American monetary cartel, having come within a whisker of collapsing the entire international economy is no way dismayed by the economic crisis that is in our opinion still taking place. Having stabilized markets around the w ...
Michele Bachmann Strikes Fear into Liberal America?
November 17, 2009
It is great to read this article in the Guardian, a leftist British newspaper of note, because the machinery of mainstream media manipulation is laid out for anyone to see here. The dominant social theme being constructed is once again the conservative one. We ...
The Fed in the Cross Hairs?
November 16, 2009
We used to admire the mainstream media in our youth and various editors of the Daily Bell have met some of the West's sharpest journalists in younger years. What was it like? Well, the top guys and girls for the top media are all razor sharp. Imagine the "brani ...
Ron Holland on Creeping US Authoritarianism, the Decline of the Dollar and Why Switzerland Remains the Destination of Choice for Concerned Investors
November 15, 2009
The editors of The Daily Bell are pleased to present an exclusive interview with a leading global financial technician and publisher, Ron Holland. Ron is a long-time advisor to international investors seeking secure, legally compliant strategies to protect and ...
Why Sarah Palin Doesn't 'Get' Free Markets
November 14, 2009
We've indicated before that we believe Sarah Palin is being positioned by her handlers as a free-market proponent. Yet her problem and theirs is that she shows little sign of lessening her sympathies for America's increasingly massive intel-security network and ...
All UK Communications Stored by 'State Spying' Databases
November 13, 2009
The glass is either half empty or half full. If one believes – as we do – in the liberating and empowering aspects of the Internet, then one is not apt to be overly pessimistic about those who seek to abuse it. Yes, what the UK plans is an enormous abuse of ...
Quick Fixes and Economic Fallacies
November 12, 2009
Economists who favor governmental intervention in economic activity appear on television talk-shows and on the opinion-editorial pages of the nation's newspapers to offer their insights on why "the free market" has failed once again – and why only wise govern ...
Ethical Investment Funds: A Good Buy?
November 12, 2009
A better way to invest? NEIW is almost over now, but we hope a lot of people feel better because they have either participated or have thought about participating. That's mostly what the week is good for in our opinion. Sorry, don't mean to sound grouchy, but t ...
EU Attacks British Civil Liberties
November 11, 2009
Of all the things going on in the world today, the steady encroachment on civil liberties by the European Union is one of the most puzzling to decipher. It would be a little easier to understand if it were happening pre-Internet. But in fact it is happening in ...
Goldman Sachs Boss: 'Bankers Do God's Work'
November 10, 2009
And Goldman Sachs guards the pearly gates? A further, and very strange, squeak of protest from another banker. (We have been cataloguing them, see article in yesterday's Bell.) There is no question that bankers are uncomfortable with what is going on. A PR blit ...
Bank of England Says Financiers Are Fuelling an Economic 'Doom Loop'
November 09, 2009
Reregulate! Reregulate! Yes, the masters of the universe have "got it going on." Well ... no, they don't, in our opinion. It is going from bad to worse for the monetary elite we tend to believe. Why do we write this? Because our tender ears, cleverly attuned to ...
John Browne on the European Union, Germany's Startling Role and How the Monetary Elite Is Trying to Come to Grips With the Internet
November 08, 2009
The editors of The Daily Bell are pleased to present an exclusive follow-up interview with high-powered financial observer and Thatcher-confidante, John Browne. Mr.Browne, a well-respected financial observer and free-market commentator, is the Senior Market Str ...
U.S. Jobless Rate Tops 10% for First Time Since 1983
November 07, 2009
Let the good times roll? For longer than we like to remember, and along with other free-market publications, we have been writing that massive money stimulation, additional regulation and "bail outs" were not going to bring back jobs, or not the real, long-last ...
Barack Obama Blames George Bush for America's Discontent
November 06, 2009
We're not quite sure what President Barack Obama hopes to achieve by continuing to blame his predecessor for current problems. Does he hope people will agree with him – thus paring his negatives? Or is he merely trying to deflect blame because like all humans ...
Investor Risk Appetite at New Highs – While the Markets Are Going Nowhere
November 05, 2009
In America, and most other western nations alike, withdrawing from the current mode of government bailouts and spending will be difficult. The bankruptcy of CIT should drive this point home decisively. Another USD 2.3 Billion of taxpayer money has gone into CIT ...
Economic Crisis Yields Idiocy at Wall Street Journal
November 05, 2009
Here at the Bell, we believe in civil discourse. Polity is part of civil society and civil discourse is often preferable to invective, all things being equal. And all things being equal, this article in the Wall Street Journal has got to be one of the stupidest ...
Japan Spirals Into Bankruptcy?
November 04, 2009
The UK Telegraph more than any other mainstream newspaper we read (at least on the 'Net) seems to make the occasional stab at analyzing what's really going on in the world. It's covered the desperate difficulties of Eastern Europe, the deepening troubles in Ire ...
Mother of All Carry Trades Faces an Inevitable Bust
November 03, 2009
Policy is reckless, not the system. Even when the British Financial Times – a preeminent mouthpiece of the monetary elite – tries to give us an unvarnished look at the world economy it ends up fudging it in our humble opinion. Let's try to unravel the above ...
Nine U.S. Banks Seized in Largest One-Day Haul
November 02, 2009
We just finished pointing out in the article above that the prospect of a commercial real-estate crash did not quite jibe with the idea that America and Europe were powering their way toward vibrant economic recovery. In truth, the enormous amount of money that ...
Edward J. Epstein Explains the Diamond Racket and How De Beers and Others Managed Its Trade
November 01, 2009
Edward Jay Epstein studied government at Cornell and Harvard, and received a PhD from Harvard in 1973. During this time he published two books - his master's thesis, "Inquest: The Warren Commission and the Establishment of Truth," and his PhD thesis "News From ...
U.S. Emerges From Recession
October 31, 2009
The jobless recovery has begun. We don't think it's much of a recovery, though. We guess we're among the naysayers. We've figured that in America alone the numbers of jobless (those wanting jobs anyway) are between 20 percent and 30 percent. That's over 60 mill ...
Barack Obama Fails to Defeat Conservatism
October 30, 2009
Conservatives win? We just commented on this article as it appeared on the Gallup site, and now here comes a Telegraph follow-story that confirms pretty much everything we tried to point out. The article is in our opinion a kind of elegant gibberish, which conf ...
John Stuart Mill and the Dangers to LIberty
October 29, 2009
This year marks the 150th anniversary of John Stuart Mill's famous essay "On Liberty." Originally published in 1859, it remains one of the most enduring and powerful defenses of individual liberty ever penned. Both advocates and enemies of personal freedom have ...
Russia Will Sell No Gold?
October 29, 2009
In the 1990s, Western central banks played at selling gold to "talk" the price of gold down. One after the other they lined up to microphones with mainstream media logos brandishing their stems to announce their respective central bank sales of gold. It was of ...
U.S. Troops Hope Afghanistan Sacrifices Not in Vain
October 28, 2009
What exactly was the Afghanistan war about? We're still not sure. We believe that many others are unsure as well. We know initially, the war was about getting rid of Al Quaeda, but that was nearly eight years ago. Since then, the war seems to have morphed into ...
Gallup Poll Ignores Libertarians
October 27, 2009
Conservatives advance? This is a great article that shows just how the manipulation of labels confuses ideological and political issues. Gallup purposefully chooses to define individuals as conservative, moderate or liberal, whatever those labels mean. In our m ...
The Real Climate Change Catastrophe
October 26, 2009
Global warming - now climate change - is as good an example of a dominant social theme as we have got. It does seem, in writing about dominant social themes, that one is postulating a kind of conspiracy of the elite. But how else does one account for the kind o ...
Frank R. Suess on the Polanski Affair, the Resurgence of Free-Market Thinking and the Continual Benefits of Swiss Private Banking
October 25, 2009
Frank R. Suess, CEO & Chairman, BFI Consulting, started his career as a management consultant with Andersen Consulting in 1989. Before taking the lead at BFI Consulting in 1998, he held a senior management position with Price Waterhouse working as a strategic a ...
Break Up British Banks?
October 24, 2009
So the idea is that smaller banks will take less risk. In America this concept was codified as Glass-Steagall and investment and commercial banks were split off from each other. In Britain, this bifurcation was never fully achieved. Thus it is we wonder if the ...
China's Growth Is Huge Inflation Risk
October 23, 2009
We've been pointing out the breadth and depth of the potential China financial bubble for years, but only recently has the mainstream media, timidly (in our opinion), begun to conclude that there may be a wee bit wrong with double-digit growth rates. Now comes ...
Derivatives Don't Need Regulation?
October 22, 2009
We have pointed this out before and given this article, excerpted above, it is probably a good time to point out again that there is nothing wrong with derivatives. They are an inevitable evolution of the marketplace based on the computer power that is coming o ...
If the Banks Own All the Gold, Why Would We Want a Gold-Backed Money System?
October 21, 2009
One of the most entrenched myths of our modern day is the assumption that (1) the bankers own all the gold and (2) therefore, the concept of a gold-backed money system is a very bad idea, because it would give them even more power than they now have. This view ...
Higher Jobless Rates Could Be New Normal
October 21, 2009
This article, excerpted above, is a good example of how economic analysis can be confusing in the era of central banking. When money was asset-backed, everyone who used the stuff had a fairly good idea of what money was, actually, and how inflation worked. If t ...
Financial Regulation Must Be Tailored
October 20, 2009
They are keeping at it. In addition to forcing through the Lisbon Treaty, which is a big step toward building a United States of Europe, the EU mavens are continuing to move ahead with re-jiggered pan-European financial regulations. In this interview, excerpted ...
EU Lisbon Treaty Succeeds After Czech President Concedes Defeat
October 19, 2009
The Irish have voted against it. The British don't want it and neither do the French – who voted down just such a European United States a few years ago when the socialist leaders in Brussels still thought they had a chance of passing an actual constitution. ...
Al Korelin on the Global Depression, the Demise of Capitalism and Why He Believes in a Gold-and-Silver Bull Market
October 18, 2009
Legendary hard-money expert Alexander (Al) Korelin, the Founder, Chairman and CEO of A.B. Korelin & Associates. Al Korelin has been involved in the Financial Community since 1978 when he received his MBA in Finance and International Trade from the University of ...
Economic Recovery Is in the Air?
October 17, 2009
We think this article may be just a tad optimistic. We're not certain about a recovery of the larger economy any time soon either in the United States or Britain. But beyond this we have a question as to what Britain's economy would recover TO were it to recove ...
Trial Balloon Time?
October 16, 2009
For some reason, George Schultz has decided to reopen the books on the "drug war" – which took further wing with the Reagan administration of which he was part. It seems there is a history of drug war veterans recanting as to the effectiveness and the validit ...
Ron Paul Takes on Lindsey Graham
October 15, 2009
We ordinarily try to analyze news AFTER it happens, but in this case we can't wait. We think we know the gist of what Congressman Ron Paul (R-Tex) is going to say and it is not all that much different than what we have been offering on these pages. Of course a ...
Rage at Government for Doing Too Much and Not Enough
October 14, 2009
Well, it is all going remarkably as we anticipated. After the Bush years of war and paranoia, America has a peacemaker as President. Barack Obama has even been given a peace prize to ensure that Americans and the rest of the world get the message that US is no ...
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