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The Startling Reality of Money Power
November 05, 2012
It is not actually Britain that has been doing the invading but, apparently, the City of London. What this book doesn't tell you, or at least not the review, is the timeline of invasion. Here's a speculation: The number of invasions and their seriousness picked ...
The Logic of Entitlement
November 05, 2012
Not long ago I woke up to the disturbing news from the Big Apple that some disgruntled ex-employee of the Empire State Building went on a shooting spree and killed someone, after which he was himself shot to death by police. No, I don't know the details but eve ...
Detlev Schlichter on the Nature of Money and the Evolution of an Inflationary Depression
November 04, 2012
The Daily Bell is pleased to present this exclusive interview with Detlev Schlichter. Daily Bell: Tell us more about your book, Paper Money Collapse. It provides a fundamental economic analysis of paper money systems in general and our present system in particu ...
The Dilemma of False Terrorism
November 03, 2012
A New York Times article has attracted attention in alternative media circles for its portrait of Bernard von NotHaus, the "Rosa Parks of the constitutional currency movement." Entitled, "Prison May Be the Next Stop on a Gold Currency Journey," the article desc ...
Bank of England Reports Whitewash Central Bank Reality
November 02, 2012
News comes of the release of no fewer than three separate probes into the Bank of England's performance during the financial crisis that actually started in 2007 and expanded in 2008. The reviews do not apparently cover any of the critical 2007 area. They comm ...
Don't Conceal Your Face At Canadian Protests
November 02, 2012
Yet another erosion of Canadian civil rights. We shouldn't fool ourselves. It is tempting to think of the positives regarding this bill that mostly revolve around police provocations. There are, for instance, credible reports that Canadian police authorities ha ...
The Downside of Debt
November 02, 2012
Cristina Fernandez de Kirchner, president of Argentina, will never be remembered as a great economist. Nor will she win any awards for 'accuracy in government reporting.' Au contraire, under her leadership, the numbers used by government economists in Argentina ...
What Do You Want?
November 02, 2012
Sometimes we can have a sense that things aren't working well or we'd like something to be different in our lives, and we can try to take steps to change. But without an idea of what isn't working well, what we'd like to have different, or what we would like to ...
Election 2012: When There's No 'There' There
November 01, 2012
Lawrence Summers is offering up his usual recipe for a successful national economy. He seeks government involvement in all ways. Nonetheless, from a perspective of dominant and sub-dominant social themes it is instructive to deconstruct Summers's arguments. The ...
Fake Meme of Food Scarcity Is Deadly Serious
November 01, 2012
There are plenty of sub-dominant themes growing out of this main one of food scarcity. In fact, it is such a deep meme that one could compare it to a bush with many branches. A lot of these sub-dominant social themes could be classified as dominant themes thems ...
'Government' vs. 'State'
November 01, 2012
Concepts such as that of "government," like those of "democracy," "law," "justice," "freedom" and "love," to cite just a few, is what W. B. Gallie called "essentially contestable" (see his "Essentially Contested Concepts," Proceedings of the Aristotelian Societ ...
Spain: Consequences of a Generalized Depression
October 31, 2012
Sometimes dominant social themes and sub-dominant social themes are unstated instead of stated. One out of every four Spanish workers is now without a job. This is a full-fledged depression by any standard. This statistic is topped by another one, that 50 perce ...
Now Central Bankers Directly Boost Occupy Movement
October 30, 2012
What a surprise ... not! We're long on the record as explaining the essential phony nature of this pseudo youth movement. Funded by George Soros among others and putatively generated out of the socialist-anarchist publication Adbusters, Occupy Wall Street is su ...
Global Warming Meme Powers Hurricane Coverage
October 30, 2012
This Vancouver Sun article is typical of some of the coverage of Hurricane Sandy, which hit New York City and environs yesterday. It is written by William Marsden, author of Fools Rule: Inside the Failed Politics of Climate Change (Knopf). We looked up the book ...
Let the Markets Clear!
October 30, 2012
French businessman and economist Jean-Baptiste Say is credited with identifying the fundamental economic principle that aggregate demand for goods in an economy will equal the aggregate supply of goods when markets are permitted to operate. Or in Say's words, " ...
The First 30 Years of the Mises Institute, and the Future
October 30, 2012
This talk was delivered at the 30th Anniversary Supporters Summit of the Ludwig von Mises Institute, Callaway Gardens, Georgia, on October 26, 2012. What a thrill to speak to you on this happy occasion of the Mises Institute's thirtieth anniversary. I am deligh ...
Reporter Exposes Tax Evasion Among Greek Politicians, Targeted for Arrest
October 29, 2012
So it turns out that many Greek politicians have Swiss bank accounts and are not paying taxes due. What does this tell us about "austerity"? ... Only that it is a meme, as we have previously discussed. What is going on in Greece and elsewhere is that a small cl ...
Spain Probes Shoppers for Tax Evasion
October 29, 2012
Tax crackdowns are an emerging meme but this news, above, is especially egregious. The powers-that-be use a divide-and-conquer approach when it comes to much business and regulation. And this approach is increasing. The idea basically is to turn businesses into ...
How Can Obama Not Turn Our Backs on Failing Businesses?
October 29, 2012
During the rather brief and confusing discussion about bailing out automakers President Obama announced with his characteristic misplaced righteousness that we "will not turn our backs on one of America's basic industries." Of course, Mr. Obama and his cheerlea ...
The Virtual Recovery
October 29, 2012
Since mid-2009 the US has been enjoying a virtual recovery courtesy of a rigged inflation measure that understates inflation. The financial Presstitutes spoon out the government's propaganda that prices are rising less than 2%. But anyone who purchases food, fu ...
Ron Holland on Gold, Switzerland and the European Secessionist Movement
October 28, 2012
The Daily Bell is pleased to present another exclusive interview with Ron Holland. Daily Bell: You felt the system of control itself was not working so well anymore last time we interviewed you. Can you elaborate? Ron Holland: Today, in the middle of the Intern ...
Switzerland Will Continue to Thrive and Outperform
October 27, 2012
"Senator John Kerry released his plan today to eliminate the deficit. He said all we have to do is find a really rich country like Switzerland and marry it." ~ Jay Leno; the approach of courting the Swiss has since turned out to be a little less amicable... The ...
The Recovery Meme and Why It's Just Talk
October 26, 2012
No. It's just not true. There is no real recovery in Britain or anywhere else in the world, for that matter. The banking elites that caused this rolling depression are in full cry about the struggles they are taking to cure it. In doing so, they reinforce the m ...
The Afghan War: Just the Facts
October 26, 2012
The deaths in Afghanistan, after more than a decade of war, keep climbing. Our paradigm proves itself out daily. The West is not in Afghanistan to help its women. The West is not in Afghanistan because of its mineral wealth. The West is not in Afghanistan to cr ...
Diminishing EU a Wonder to Behold
October 25, 2012
Ambrose Evans-Pritchard partially redeems himself with this article. After going through a bad patch when he loosed his inner Keynesian and inflicted it on innocent readers, he provides us with a fairly crisp perspective on the reality of Britain's stance versu ...
Drug Data Manipulation Is Merely More of the Same
October 25, 2012
We're not surprised about this only because we've lost our capacity to be shocked. These days we're surprised only if our worst expectations are NOT fulfilled. Everything – and we do mean everything – in Western culture and corporate enterprise is bent towa ...
Ayn Rand and Libertarians Misunderstood
October 25, 2012
Paul Ryan has some affinities with Ayn Rand's political philosophy and is now taking flack for this. Apparently eager to besmirch Ayn Rand and through her Mr. Ryan, claims now abound in the media that go like this: "Rand's libertarianism has an underlying philo ...
Elite View: The Yo-Yo Economy
October 24, 2012
There are problems with Germany but the good news regarding China brings us back to emotional parity. This seems to be the gist, the dominant social theme of this Reuters article. We're supposed to be depressed about Germany but excited about China. The idea th ...
Debt Jubilees and Memes …
October 24, 2012
The idea of a debt jubilee is gaining more and more traction, as John Rubino observes (above) in a recent article posted at Dollar Collapse. Ron Holland has also just written a clear, bold article on a similar concept, debt repudiation, posted today at The Dail ...
Secession Fever Sweeping Europe Meaningless Without Debt Repudiation
October 24, 2012
While regional independence is superior to both the failing European Union and the façade of special interest controlled democracy, one further action should taken by any jurisdictions that choose secession: Newly restored sovereign nations should repudiate th ...
In Amerika There Will Never be a Real Debate
October 24, 2012
God help them if Obama and Romney ever had to participate in a real debate about a real issue at the Oxford Union. They would be massacred. The "debates" revealed that not only the candidates but also the entire country is completely tuned out to every real pro ...
Central Banking Premises Are Lacking?
October 23, 2012
This article at Slate illustrates the growing radicalization of the Fed conversation and also how words and premises make it increasingly difficult to discuss central banking logically. It is an analysis of whom Mitt Romney would pick for Fed Chairman if he bec ...
UN Shoe Drops on Internet Terror
October 23, 2012
So here it comes. The powers-that-be have decided that they need to track user details on the Internet to prevent crime. We've reported for a while on private justice. Why is it that proponents of the state simply assume that crime is the state's business? Actu ...
The Internet Revolution is a Liberty Revolution
October 23, 2012
Until the late 1990s, individuals interested in Austrian economics, US constitutional history and libertarian philosophy had few sources of information. They had to spend hours scouring used book stores or the back pages of obscure libertarian periodicals to fi ...
Rediscovering IMF Working Papers
October 22, 2012
The Telegraph's Ambrose Evans-Pritchard has caught up to a working paper entitled "The Chicago Plan Revisited" issued by IMF staff members Jaromir Benes and Michael Kumhof. His summary: "Personally, I am a long way from reaching a conclusion in this extraordina ...
What is a Government Job?
October 22, 2012
Can government "create" jobs? Free-market types believe it is impossible for government to generate employment, though politicians claim various kinds of job creation all the time. The New York Times thinks it can. Most of the time, analysis turns on government ...
Am I a Corporate Shill?
October 22, 2012
It has always been my view that corporations are groups of people united for various purposes, often to benefit from a business venture guided by competent management. Initially, I worried little about either the legal details or even about the legal history. A ...
Brian Doherty on the Trouble With Governments and Benefits of Anarchism
October 21, 2012
The Daily Bell is pleased to present this exclusive interview with Brian Doherty. Here's a brief snippet: Daily Bell: You received a Bachelor's degree in journalism from the University of Florida. What do you think of Western mainstream journalists and media? B ...
British 'End of Life' Panels Are Bad News for Everyone
October 20, 2012
The Daily Mail received a lot of attention this week for an article entitled, "3,000 doctors putting patients on 'death lists' that single them out to be allowed to die." Now, some of the feedbacks that the Mail received claimed that the End of Life Care Strate ...
Down With the West, Long Live the BRICs …
October 19, 2012
Jim O'Neill, the Goldman Sachs creator of the term "BRICs," wants to convince us that the BRICs are not only magnificent engines of growth and prosperity but also the future of finance and investment. To this end, he attended the Telegraph's Festival of Busines ...
BBC Will Find the Sharpest Brits … or Will They?
October 19, 2012
The West's fascination with numeracy continues. It surely is kind of power elite dominant social theme. We've written about this before, in fact. The elites search out a certain kind of intelligence and even select for it. In our view, this is the reason for th ...
Japan Chosen as the Global Economic Model!?
October 19, 2012
"There is essentially no difference between one administration and another, no matter what the platform." ~ Ron Paul, on CNBC Futures Now; he also stated that "They haven't the vaguest idea what Austrian free-market hard-money economics is"... I am writing this ...
Obamneycare Converts Health Care Into Profits
October 19, 2012
In the guest section [at Paulcraigroberts.org] there is a new contribution by Dr. Robert S. Dotson. He points out that Obamneycare is two versions of the same thing. A person has to be gullible and uninformed to believe the claims of Obama and Romney that their ...
Now Mexico Bans Cash
October 18, 2012
What we consider to be the "phony" war on terror is the gift that keeps on giving to those who run our governments. The phony war on drugs only adds to the rationales for telling people what they can and cannot do with their resources. What is going on is a pat ...
BBC Deserves What It Gets
October 18, 2012
The BBC is nothing that the market itself would ever create. At once vindictive and sanctimonious, BBC culture is that of entitlement: Every Briton is forced to pay an annual stipend for the privilege of viewing the BBC. It is held up as a beacon of good taste ...
Society as an Organic Body
October 18, 2012
Karl Marx, in his posthumously published work Grundrisse identified his view of humanity very clearly. Humanity is an organic whole (or body). People aren't individuals but the cells of this organic entity whose development and maturation Marx tried to chronicl ...
Banks Punished For Central Bank and Political Errors
October 18, 2012
In recent decades politicians have increasingly followed the Keynesian prescription of economic growth through continued government borrowing and the creation of undreamt of amounts of fiat money by central banks. To facilitate this process, the larger commerci ...
Housing Demand Is Built on Monetary Policy
October 17, 2012
So builders are busy again in the US. The Fed has been flooding the market with cheap money so we are not surprised. But there are ramifications. It certainly is a dominant social theme, however. The idea is that the economy went through a rough patch but that ...
Ms. Clinton Goes to War?
October 17, 2012
It seems like Hillary Clinton's very own terrorist strike force is about to become a reality. We first wrote about this back in May. You can see the article here: "As Commandos Raid Tampa US State Department Demands Power to Declare War." Ms. Clinton was attend ...
Inflation: Washington is Blind to Main Street's Biggest Concern
October 17, 2012
Journalists, politicians and economists all seem to agree that the biggest economic issue currently worrying voters is unemployment. It follows then that most believe that the deciding factor in the presidential race will be the ability of each candidate to con ...
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