STAFF NEWS & ANALYSIS
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June 18, 2009
It is ironic that former president George W. Bush returns to the rhetorical fray by criticizing President Barack Obama on the issue of free markets. President Bush's tenure at the White House was marked by a concerted attack AGAINST free-markets, in the opinion ...
June 17, 2009
The consequences of fixing the price of money – like the results of any price-fixing scheme – are devastating to the economies affected. The constant predictable, cyclical collapses give bureaucrats endless opportunities to demand more power and to declaim ...
June 16, 2009
What can be said most accurately about the current leg of the business cycle is that it will continue to be extraordinarily volatile given the amount of damage that has already been done. There will be a war of words between bankers, regulators and the mainstre ...
June 15, 2009
Well, the G8 has met and apparently contemplated the beginnings of a prolonged victory celebration. We don't wish the world or its global economy ill, but if markets continue to rise, we shall surely be subject to this. And by THIS we mean the hosannas of centr ...
June 14, 2009
Doug Casey has appeared on hundreds of radio and TV shows, and has been the subject of articles in People, US, Time, Forbes, The Washington Post, and numerous other publications. For nearly three decades, Doug Casey and his team have been correctly predicting m ...
June 13, 2009
Jim Rogers is trying to make a point. If you pump hard enough, you may be able to blow anything back up, at least a little and maybe a lot. Certainly, we can see the monetary elite doing their best to puff up the world's economy once again. And once upon a time ...
June 12, 2009
Strange and stranger. The majority of the British do not like the EU and do not want to be part of it. Yet the part of Britain that perhaps matters the most, the one square mile in the center of Britain, is basically seceding to the EU - with or without the res ...
June 11, 2009
For decades, this kind of advice has been dispensed by the major media, and people have believed it and strained every fibre of their beings to conform. And what are they left with? Vastly reduced retirement funds and sour regret that THEY are somehow responsib ...
June 10, 2009
Jay Taylor is editor of J Taylor's Gold, Energy & Technology Stocks newsletter. Throughout his career Mr. Taylor worked as a commercial, then as an investment banker. Most recently, he worked in the mining and metals group of ING Barings in New York. Prior to t ...
June 10, 2009
Wasn't the Federal Reserve supposed to take over risk-regulation for a grateful, needy nation? We expected it, given how predictably the crisis was playing out. Like an adult Ferris wheel, the central-bank-driven business cycle was rotating as anticipated, alon ...
June 09, 2009
If one truly seeks to create a global currency, what would be the easiest path? Would it be to debase the dollar while quietly encouraging a controllable alternative? Is this what is taking place? Of course, the monetary elite never offers a single solution. Th ...
June 08, 2009
No, we're not really suggesting that the Post lifted our story, only that we believe we provided our readers with the above analysis three days sooner and with a broader frame of reference. Why is this important? It buttresses a serious point, one we've made pr ...
June 07, 2009
Introduction: The former Global Affairs editor of MONEYWORLD, Richard Maybury is one of the most respected business and economics analysts in America. His articles have appeared in major publications. Books include "Whatever Happened to Penny Candy?" "Whatever ...
June 06, 2009
Climate change is back - and big. The Obama administration wants a federal cap-and-trade program that would damp down carbon emissions in the United States. It may get one given the congressional advantage it holds currently. But the problem with cap-and-trade ...
June 05, 2009
Apparently, the issue is not whether the Obama administration should be spending a budget of US$3 trillion-plus for 2009, and even more for 2010, but whether the administration is spending bailout portions of it fast enough. Say, what? Yes! This is the burning ...
June 04, 2009
Until the real economy itself is allowed to work out the mal-investment, the financial slump will continue in some form or other. Funds that would be used to create new and more realistic endeavors will instead find their way into sour companies propped up by g ...
June 03, 2009
Were they laughing WITH him? Actually, we bet the Chinese were laughing AT him. That's the way it is going these days for American monetary policy. Across the sea and around the world, people perceive what the current congress and administration apparently can ...
June 02, 2009
This is truly a top down approach to economics. Can a handful of individuals make all the right decisions all the time? Monetary inflation has brought the world near to ruin in the past few years and this desperate bet on China is likely to end in tears. It is ...
June 01, 2009
Oh, Mama! Once again top central bankers grapple with the deepest problems of high finance - and admit the struggle is a most difficult one. Are we supposed to empathize? It is all so complicated, apparently. More data is doubtless needed; more analyses should ...
May 31, 2009
Bill Murphy worked for Shearson Hayden Stone and Drexel Burnham before starting up his own introducing brokerage on 5th Avenue in New York. In 1998 he opened up LeMetropoleCafe.com, a financial market website geared to the gold market. In January 1999 Bill beca ...
May 30, 2009
Those who believe governmental involvement can cultivate "shoots of green" may well be caught by surprise when the positive rhetoric does not match the negative results. The new, improved GM may come to resemble Amtrak rather than the old auto powerhouse. Centr ...
May 29, 2009
Faber obviously understands free-market economics, but the vocabulary being used makes for confusing reading for free-market thinkers. The mainstream media uses "inflation" as a catch-all term. In fact, from a free-market perspective, inflation is an expansion ...
May 28, 2009
We wonder how these groups and individuals come up with their conclusions. The mania to elaborate on hyper-regulated nation-states with increased protections for central banking monopolies can only lead to more inflation, more innovation stifling regulation, mo ...
May 27, 2009
We've been waiting to see how the Republican party is going to fix itself in America. Despite electoral losses, there are far more constituents for American republicanism in our opinion than for any other political persuasion. Most Americans in our opinion want ...
May 26, 2009
The article also portrays the debt issue as a face off between the Anglo Saxons and the Chinese. This is actually refreshing. While we have made the point many times about the British/American monetary-military partnership – the Anglo-Saxon axis – we have r ...
May 25, 2009
For anyone watching the unfolding economic crisis and using the mainstream media narrative, the timeline is fraught with surprises and even helplessness. There is a "virus" in the economy, so it is said, and it's "spreading" - according to such sources as AP (s ...
May 24, 2009
Nicholas Russo, Jr. Russo is a senior financial analyst and market strategist in the states of Arizona and Idaho. He was the winner of three stock-trading contests and is often a guest lecturer at universities and trade groups. Since 1965, Mr. Russo has been a ...
May 23, 2009
One thing is certain. Whether the current state of affairs is merely a natural unwinding or a devious plot by a monetary elite, the results will still likely involve considerable currency chaos, inflation and massive interest rate hikes. Hard money - holdings o ...
May 22, 2009
Greenspan, in our estimation, is in this instance providing a fairly reasonable assessment. If, at the height of a bubble, bad investments are made, then once the bubble has deflated those investments must be shut down and losses taken. If those loss-making inv ...
May 21, 2009
We have written that the current situation is analogous to the days of the Gutenberg press: Finally, people could read the Bible and see priestly untruth. Today, of course, the West's establishment religion is monetary. Think about it. Are we so wrong? The main ...
May 20, 2009
It is difficult to see a way out for those who are determined to ensure that there will be a new fiat-money regime to take the place of the old one. Instead of letting a real market of honest money emerge, every lever of power and profit will be pulled to make ...
May 19, 2009
When someone like Faber user the word "capitalism" and predicts its failure our brains seize up a little. The term comes from Karl Marx. And it is therefore a sentiment that is difficult to process. Is Faber upset by the idea that capitalism might fail? The cap ...
May 18, 2009
OK, so the unrolling depression is actually an "infection." And the infection is caused by high energy prices, too much growth and millions of uninsured Americans. Yet, in our opinion, the current financial problems are not an infection. An infection may be def ...
May 17, 2009
Leonard Melman has given us an eloquent and thoughtful interview. Read Melman's answers and reflect on the quality of his analysis and the power of his insight. Then go and read what passes for economic commentary in most newspapers and magazines in American an ...
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May 16, 2009
Money is an incredibly powerful force. As more and more people realize that gold and silver are going to continue to gain in value through this latest business cycle, the prognostications of the mainstream media, and those it supports, are going to be increasin ...
May 15, 2009
We've noticed how Jim Rogers seems to have raised his profile recently, and the only reason we can come up with is that he wants the world to notice what he's investing in. But in providing so much information, he is also muddying the free-market message and le ...
May 14, 2009
Before this business cycle is finished, the currencies of the Western world may well be in tatters, the European Union may have collapsed and the credibility of the American Federal Reserve may be badly damaged as well. We reported on part of the story yesterda ...
May 13, 2009
The Grayson/Coleman confrontation has to be seen to be believed, and even then it may not seem quite believable. How could the Fed, in all its monied majesty, offer up someone so unprepared to answer the questions of a single quiet and persevering congressman. ...
May 12, 2009
The budget Obama has released, borrowing 50 cents on every dollar is NOT the result of problems left over from the Bush administration. Probably at least half of it is dedicated either to economic stimulation (which is destructive to the real economy in the lon ...
May 11, 2009
We think it is reasonable to speculate that panic takes over for most middle and working class people long before they get to the point of creating a reasonable contrarian strategy. They fear, rightly, that it could all come tumbling down, even though investmen ...
May 10, 2009
Dr. Dorn: New trading methodologies will continue to develop as global brain creativity and imagination evolve through the Internet. These will be used to exploit the movements of those who for so long we have allowed to deceive and steal from us. It will becom ...
May 09, 2009
We have a hard time believing this all will work as planned. The idea that central banks are to be empowered to monitor systemic risk is especially ironic given that central banks create the instability in the first place by over-printing money. What this sort ...
May 08, 2009
Two possibilities occur. One is that this time round the monetary elite has simply run out of the political capital necessary to staunch the price inflation, in which case gold and silver will go sky high. The second possibility is that they do hike rates to 20 ...
May 07, 2009
Sure, and it did for Amtrak, too - just not for investors. We were trying to figure out where GM and Chrysler were headed when we came upon an article recently by free-market financier Peter Schiff in which he stated that the outcome of the government's interfe ...
May 06, 2009
This is a fragile sort of recovery indeed, and it the basic reason why Bernanke sounds schizophrenic. He understands that a Fed-led recovery inevitably starts with the banking industry, translates itself gradually into equity growth and from there kick-starts t ...
May 05, 2009
Commercial real-estate in America and abroad will surely constitute the next wave of defaults. Perhaps it will not be as severe a wave as the one that came before, but we wouldn't bet on it. The hard money business cycle is in full-swing and the central bankers ...
May 04, 2009
Buffet is once again busy finding value that others don't seem to assess and reinvesting in the companies and brands that he thinks will provide the next big thing. The world's most brilliant investor is perfectly willing to investigate thousands of company bal ...
May 03, 2009
The editors of the Daily Bell are pleased to present this exclusive interview conducted with Dr. Antal E. Fekete - an esteemed author, mathematician, monetary scientist and educator. He was born in Budapest, Hungary, in 1932, and graduated from the Eotvos Loran ...
May 02, 2009
Well ... we have been trying to avoid reading (or writing) about Niman (again) because he has the inevitability of a broken record. But since he has such a high profile on the 'Net, and is so very quotable, we suppose we should rehash his background for readers ...
May 01, 2009
Obviously so. The leadership, worldwide is beginning to demand it. In America, Vice-President Joseph Biden advises citizens to avoid subways and planes. Mexico has closed its government offices and is urging businesses to shut. The European Union is warning aga ...
