By Ron Hera
©2010 Hera Research, LLC

The productive elements of the US economy are caught between powerful financial interests, e.g., banks seeking speculative gains, political constituencies seeking entitlements and government entities at all levels whose budgets and deficits are too large compared to their revenues. All three factions are competing for the same economic resources and all three are net consumers of wealth. The triumph of any one faction or of any combination Read More »

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NOTE: This article exemplifies exactly some of the goals of What Am I Missing Here?. Ron Robins very thoughtfully discusses how “The US government and financial elites are in many ways deceitful,” and adds that “The deceit comes in many guises.”

He concludes by saying “Welcome to the Land of the Free where deceit is alive and well in the US government, the Federal Reserve and on Wall Street.” We are in Read More »

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By Victor Davis Hanson

We are well into revolutionary times, but perhaps not in the way we traditionally think of political upheaval. Instead, insidiously, the law itself is becoming negotiable — or rather, it is becoming subservient to what elite overseers at any given time determine is a higher calling of social change.

Of course, progressive federal judges have been creating, rather than interpreting, law for decades. Yet seldom in memory have we seen Read More »

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By Gordon T. Long

The economic news has turned decidedly negative globally and a sense of ‘quiet before the storm’ permeates the financial headlines. Arcane subjects such as a Hindenburg Omen now make mainline news. The retail investor continues to flee the equity markets and in concert with the institutional players relentlessly pile into the perceived safety of yield instruments, though they are outrageously expensive by any proven measure. Like trying to buy Read More »

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By Jason Tillberg, President of Tillberg Capital Management, Inc.

The title of my article is the title of a book I recently got from the library. It was written in 1975 by William Guttmann and Patricia Meehan and is about the period in Germany from 1919 – 1923.

The title of Chapter 1 is “A license to Print Money” and starts off with a quick story from a play written a century prior called Read More »

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By John Mauldin

The debate over whether we are in for inflation or deflation was alive and well at the Agora Symposium in Vancouver this this week. It seems that not everyone is ready to join the deflation-first, then-inflation camp I am currently resident in. So in this week’s letter we look at some of the causes of deflation, the elements of deflation, if you will, and see if they are in ascendancy. Read More »

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The con of the decade (Part I) involves the transfer of private debt to the public (the marks), who then pays interest forever to the con artists.
 
By Charles Hugh Smith

I’ve laid out the Con of the Decade (Part I) in outline form:

1. Enable trillions of dollars in mortgages guaranteed to default by packaging unlimited quantities of them into mortgage-backed securities (MBS), creating unlimited demand for fraudulently originated loans.

2. Sell these MBS as Read More »

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This quote is from zerohedge.com’s comments about a very well-written article by Hugo Salinas Price, a Mexican businessman, who has argued over the past few years for Mexico to return to the gold standard, and to re-establish silver as a monetary standard.

The actual article is entitled, “The Gold Standard:  Generator and Protector of Jobs”, and its message applies to the U.S. and other industrialized nations, as well as Mexico:                                                                                                                                                                                                                                                                                                                                                                    

By Hugo Salinas Price

The Read More »

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By Bill Bonner   The Daily Reckoning

Today, we boldly announce a NEW THEORY about the way the world works.

Yes, dear reader, you are the first to hear it.

But before we get to that, let’s talk about what’s going on in the markets.

Stocks continued shuffling along like zombies…the Dow rose 24 points. But gold shot up to $1,248 – a new record.

Makes you wonder.  Inflation is no threat to anyone…at least, not now.  The Read More »

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