Keynesian Economics was invented by John Maynard Keynes a century ago. It is a theory that claims political leaders can spend money far beyond what the economy produces and bankers can print money far beyond assets they have to back their loans. The banks love it because printing lots of money makes them incredibly rich. Country leaders love it because it says they can buy votes, pass out favors and live like royalty for the rest of their lives. Keynesian Economics is the theory taught in colleges and universities because it justifies the world the leaders want to live in. It is what I learned at Sonoma State University. It is what everyone who wants to work in financial fields […]
Every once in a while I go to ShadowStats.com to check the real numbers. When the liar in chief says his country has a 5% unemployment rate, do you nod and figure that isn’t much? Or do you think he is getting numbers from somewhere besides the country you occupy? Do the numbers from ShadowStats.com seem more like your real-world experience? Yeah, me too.
A small business association was interested in how I felt about their constituency. I have created, grown and sold a couple of them myself, in addition to raising my three daughters almost exclusively via my small business. Probably the best way to explain my sentiments for this group of creative entrepreneurs is to share the brochure I single-handedly created years ago… that is I took the photos, interviewed the business people, wrote the text, designed the brochure and printed a bunch of them. As you can probably tell, I designed it to be a tri-fold handout printed on both sides to promote the Libertarian Party of Idaho and my election campaign of 2006. Here is a .pdf of that document […]
EXCLUSIVE INTERVIEW Andrew Hoffman: As Fiat Currencies Collapse Around the World, Gold’s Shine Brightens With Daily Bell Staff – February 14, 2016 Introduction: Andrew (“Andy”) Hoffman, CFA joined Miles Franklin, one of America’s oldest, largest bullion dealers, in October 2011 and serves as Marketing Director. For a decade, he was a US-based buy-side and sell-side analyst, most notably as an II-ranked oil service analyst at Salomon Smith Barney from 1999 through 2005. Since 2002, his focus has been entirely on precious metals, and since 2006 has written free missives regarding gold, silver and macroeconomics. Prior to joining the company he spent five years working as an investor relations officer or consultant to numerous junior mining companies. Andy’s articles can […]
Silver Will Be The Trade Of The Decade At It’s Current Price I’m starting to warm up to the idea that the fraudulent silver price fix on the LBMA a couple weeks ago marked the final “capitulation” of the nearly 5-year price pullback in silver and 4+ year pullback in gold. We have yet to hear a satisfactory explanation from the LBMA for the exceedingly odd price behavior of silver seconds before the a.m. London silver price was set on January 28th. I believe that event marked the “last gasp” effort by the highly corrupt LBMA bullion banks to shakedown the physical silver market in order to get their hands on as much physical silver as possible at as […]
Venezuela Is Out of Food: Here’s What an Economic Collapse Really Looks Like By Daisy Luther Venezuela is out of food. After several years of long lines, rationing, and shortages, the socialist country does not have enough food to feed its population, and the opposition government has declared a “nutritional emergency.” This is just the most recent nail in the beleaguered country’s slow, painful economic collapse. Many people expect an economic collapse to be shocking, instant, and dramatic but, really, it’s far more gradual than that. It looks like empty shelves, long lines, desperate government officials trying to cover their tushes, and hungry people. For the past two years, I’ve been following the situation in Venezuela as each shocking […]
Silver prices are far below simple ore extraction costs. Refined and minted silver is over twice the price currently reflected in a heavily manipulated market. Well over 90% of the COMEX transactions used to determine the market price are of paper promises rather than solid silver. Manipulators trade extraordinary volumes of silver vaporware to keep the price artificially low. This props up the fiat paper money market AND allows the elites to continue accumulating silver (and gold) at artificially low prices. The problems for them are that silver has hundreds of industrial uses, demand is far greater than supply and people are demanding physical silver as a reliable store of wealth. Kitco’s 60 Day Silver chart looks like a game […]
Anthony Wile of The Daily Bell has interviewed Oath Keepers Associate Editor Brandon Smith, founder of the Alternative Market Project. www.alt-market.com The interview is published originally at The Daily Bell Here are a few excerpts from the interview. Please go to link above to read entire interview. ______________ Anthony Wile: How did you discover Austrian Economics? Brandon Smith: I’ve always been a big proponent of free markets and localism. It was not until 2005/2006 when I started writing for the liberty movement that I realized most of my economic foundations ran parallel to Austrian economics. I think that any analyst who pursues the concept of freedom in economics is going to come to the junction of Austrian economics eventually. Ron […]