“No Bull” Prize in Economics

Posted on November 25th, 2011
Fixing By Economists by Paresh Nath, The Khaleej Times, UAE

By Richard Benson, SFGroup

The crux of any economic theory starts off with the magic words “first assume that” and then using dazzling logic follows an irrefutable happy conclusion. The real key to using economic theory and logic is in the assumptions.  Assume the correct things about the world, and you have a chance of getting the outlook right.  Assume the wrong things, and any model will generate totally unreliable garbage.

My Read More »

Manipulated U.S. Rates Seesaw Gold Prices

Posted on November 25th, 2011
Fed Zero Interest Rates by Mike Keefe, The Denver Post

By John Browne, Senior Market Strategist, Euro Pacific Capital, Inc.

This week, world attention finally shifted away from debt problems in Europe to the unresolved and worsening debt crisis here in the United States. The Congressional Super Committee, which had been created over the summer to postpone making tough cuts, chose to avoid responsibility itself. In so doing, the Committee has followed the path of least resistance and maximum irresponsibility. Given the likely Read More »

Happy Thanksgiving!

Posted on November 23rd, 2011
Happy Thanksgiving Card

Just a brief message to wish all of you a Happy Thanksgiving!

The Many Collapses of Keynesianism

Posted on November 23rd, 2011
Wrong Track by Eric Allie, Caglecartoons

By Lew Rockwell

It should be obvious to everyone but the most dedicated adherent of Keynesianism that the stimulus did not accomplish its end. The combination of outright spending by Congress, the desperate schemes to reflate the housing market, the attempt to transfuse bleeding firms with other people’s money, and the creation of trillions in artificial money, has not done a thing to lift the US economy.

Actually, the reverse has been true. Read More »

Don’t Sweat the Correction in Gold

Posted on November 23rd, 2011
Stacked Gold Bars

By Jeff Clark, BIG GOLD

I’ve told more than one concerned investor that when the gold price falls, they should “come back in three months” and see if they’re still worried. The idea is that the daily and monthly gyrations are nothing to fret over, that the price will recover and, in time, fetch new highs.

That advice has worked every time gold underwent any significant correction (except in late 2008, when one Read More »

Clinging to a Bankrupt Monetary System

Posted on November 23rd, 2011
Way to Solution by Paresh Nath, The Khaleej Times, UAE

By Eric Fry

“Europe is in one of its toughest — perhaps the toughest — hours since World War II,” German Chancellor, Angela Merkel declared yesterday.

Who would argue with her?

The Second World War crippled the European economy. The victors suffered almost as much as the vanquished. Nearly ten years after the war ended, the British were still rationing sugar and meat.

Notwithstanding these hardships, however, the history of the post- WWII European economy is Read More »

Why Gold Sells Off and What Will Happen Next

Posted on November 22nd, 2011
Fine Gold

EDITOR’S COMMENT: With the recent drop in the price of gold and the related gold shares, a number of people are asking about gold’s somewhat unexpected reaction to the latest turmoil in the Euro sovereign crisis, as well as the demise of the U.S. Deficit supercommittee. Anthony Wile provides his take on what’s happening, and what might happen in the long run to the price of gold. A very informative and thought-provoking Read More »

Occupy Wall Street Put Nation on Notice

Posted on November 22nd, 2011
Wall Street Culprits by Paresh Nath, The Khaleej Times, UAE

By Peter Morici

Occupy Wall Street may be out of Zuccotti Park but Americans ignore its message only at their peril.

Dispossessed by police from prominent venues around the country, the forces that inspired mass, albeit unseemly demonstrations have not abated.  America is rapidly fracturing into two nations—affluent players in the global economy and a growing mass facing diminished circumstances for themselves and their children.

If forces marginalizing millions are not addressed, America is headed Read More »

On the Super Committee

Posted on November 22nd, 2011
Ron Paul

By Ron Paul, U.S. Congressman

This week marks the deadline for the so-called congressional Super Committee to meet its goal of cutting a laughably small amount of federal spending over the next decade.  In fact the Committee merely needs to cut about $120 billion annually from the federal budget over the next 10 years to meet its modest goals, but even this paltry amount has produced hand-wringing and hysteria on Capitol Hill.  This Read More »

Budget Deadlock in Washington

Posted on November 21st, 2011
Supercommittee by Daryl Cagle MSNBC

EDITOR’S COMMENT: As of this writing, it is being reported (see our links) that the Deficit Supercommittee will report later on Monday that it has failed in its mission to reach $1.2 trillion in debt reduction cuts over the next ten years. Sensing this outcome, Gary North provides us with his insight, as to why this Deficit Supercommittee was doomed from the start, as well as stating emphatically that, as a result, Read More »

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