An under-reported development of this campaign season is the Republican Party’s decision this week to send Gov. Mitt Romney into the presidential race on a platform effectively calling for a new gold commission. The realization that America’s system of fiat money is part of its economic problem is moving from the fringes of political discussion to the center.
This is a sharp contrast from the last time a gold commission was [...]
From David Galland, Managing Director, Casey Research:
As much as I read, and despite interacting with very smart people on a daily basis, until just recently I have missed something about our economy that, on reflection, should have been as obvious as the computer screen I spend far too many hours staring at.
Allow me to emphasize the point in somewhat stronger terms.
That I could have overlooked this particular aspect of the [...]
What is the biggest economic problem that the United States is facing? Very simply, our biggest problem is that we have way too much debt. Over the past 30 years, household debt, corporate debt and government debt have all grown much faster than our GDP has. But no nation on earth has ever been able to expand debt much faster than national output indefinitely. All debt bubbles eventually burst. [...]
There is a widely-held notion on the political left that the key economic problem our civilisation faces is income inequality.
“America emerged from the Great Depression and the Second World War with a much more equal distribution of income than it had in the 1920s; our society became middle-class in a way it hadn’t been before. This new, more equal society persisted for 30 years. But then we began [...]
February 16, 2012
Editor’s note: Mikis Theodorakis is a renowned Greek songwriter and composer. He is best known for his songs and for his scores for the films Zorba the Greek (1964), Z (1969), andSerpico (1973). His open letter serves as a case book example of how the IMF money men take down countries and subject their people to misery. Every American should read Mr. Theodorakis’ open letter because what he describes will ultimately arrive [...]
This article originally appeared in the Daily Capitalist. It was written by DoctoRx who writes market commentary for us.
On Monday, Sept. 19, I suggested that the price of gold was vulnerable, and also suggested that the stock prices of miners were a better intermediate-term bet. This was two days before the FOMC meeting, which much of the “smart money” expected would produce a Jobsian “one thing more” [...]
According to Gallup, attempts to distract the US population with trivial side stories is failing spectacularly, as 74% of survey respondents have responded that the economy is the “most important problem” facing America today, which is the highest percentage in two years, and since the market lows in March 2009. So even as the market has doubled, this appears to have done little for [...]
by Davos Sherman Okst of Financial Sense
Prove The Mayans Right: Address Structural Economic Problems With Chicanery: Part 1 of 2
Structural Economic Problem #1: Unemployment
Seventy percent of our economy is driven from private sector employment:
Without consumers the economy is finished
Without jobs and with maxed out debt loads the consumer is finished
A fourth grader can connect these two dots and conclude: â€œItâ€™s the jobs stupid.â€
Our current chicanery â€œfixâ€ for high [...]
Back in 2008 at the height of the credit crisis Hu said that the problem is not the real economy. The problem is the amount of paper out there masquerading as money that does not have sufficient collateral backing. At the same time the head of the Chinese Central Bank said that the root of the problem was the Triffin Dilemma named after American economist Robert Triffin who said [...]
by Free Radical
R.I.P, Homo Economicus: On the End of Ubiquitous Poverty and the Beginning of Universal Abundance
â€œI draw the conclusion that, assuming no important wars and no important increase in population, the economic problem may be solved, or be at least within sight of solution, within a hundred years. This means that the economic problem is not â€“ if we look into the future â€“ the [...]
The National Inflation Association today announced the release of its report about NIA’s projections of future U.S. food price increases due to the massive monetary inflation being created by the Federal Reserve’s $600 billion quantitative easing. This report was written by NIA’s President Gerard Adams, who believes food inflation will take over in 2011 as America’s greatest crisis. According to Mr. Adams, making [...]
The National Inflation Association today announced the release of its report about NIA’s projections of future U.S. food price increases due to the massive monetary inflation being created by the Federal Reserve’s $600 billion quantitative easing. This report was written by NIA’s President Gerard Adams, who believes food inflation will take over in 2011 as America’s greatest crisis. According to Mr. Adams, making mortgage payments will soon be the [...]