Last Updated: Oct 22nd, 2010 - 15:35:08 Newsletters : 2010 Newsletters : 11 June 2010 Thought for the Day In all the history of the world no attempt at fiat currency has ever worked. The Chinese tried it over 1000 years ago and it lasted 100 years until they moved back to a silver based currency. The US Federal Reserve started this latest attempt in 1913 and Nixon finished the job in 1971. Since then inflation of our paper money has been endemic and we are now suffering the consequences. It now looks as if America, Britain and Europe have passed the point of no return. We are in much better shape after our readjustment in the 1980s but we will be placed under great stress by the force of world politics and the major economies suffering the turmoil on the way back to a sound money again. Good luck. Jun 11, 2010, 11:16 Newsletters : 2010 Newsletters : 11 June 2010 Why Governments Hate Gold This week I will let Dr. Ron Paul provide the opening salvo. [ Visit Website ] Jun 11, 2010, 11:03 Newsletters : 2010 Newsletters : 11 June 2010 The Foundations of a Free Society For those of you with a more philosophical bent this is an interesting article. It helps put a solid foundation under economic thoughts. Common sense is a very uncommon thing - but this article is a gem of common sense. [ Visit Website ] Jun 11, 2010, 10:55 Newsletters : 2010 Newsletters : 11 June 2010 What happened to the "death of the dollar?" This is an interview with F William Engdahl who is an economist and author and the writer of the best selling book "A Century of War: Anglo-American Oil Politics and the New World Order." Mr Engdhahl has written on issues of energy, politics and economics for more than 30 years, beginning with the first oil shock in the early 1970s. Mr. Engdahl contributes regularly to a number of publications including Asia Times Online, Asia, Inc, Japan's Nihon Keizai Shimbun, Foresight magazine; Freitag and ZeitFragen newspapers in Germany and Switzerland respectively. His newest book is called "Gods of Money: Wall Street and the Death of the American Century". He is based in Germany. [ Visit Website ] Jun 10, 2010, 14:43 Newsletters : 2010 Newsletters : 11 June 2010 Pimco’s Crescenzi Sees ‘Endpoint’ in Devaluations A new phrase has been added to the economist's lexicon: The "Keynesian Endpoint". This is the point at which government borrowing and printing paper money fails to stem the tide of debt washing over an economy. A number of countries are now entering this territory. [ Visit Website ] Jun 9, 2010, 11:22 Newsletters : 2010 Newsletters : 11 June 2010 Detroit to Bulldoze Thousands of Homes in Fight for Survival This is hard to imagine - but it is really happening. Stupidity and lots of central control can destroy an economy. Then your house price REALLY does go down. [ Visit Website ] Jun 2, 2010, 14:20 Newsletters : 2010 Newsletters : 11 June 2010 Net Neutrality: Unwarranted Intervention Why do you think that Helen destroyed Telecom? Why do you think that the Australian government sold off half its shares in Telstra and then started legislation to ensure they cooperated with the government plans for the mega-data-pipe around Australia? Why do we have a bunch of "stake holders" pushing for government legislation and control over access to the internet? Big Brother is arriving. [ Visit Website ] Jun 2, 2010, 13:46 Newsletters : 2010 Newsletters : 11 June 2010 'Pieces of Eight': The Constitution and the Dollar Now, for the first time, the main street press is really starting to ask the proper questions of the government of the United States of America. The Wall Street Journal asks, "What has happened to real money as described in the Constitution?" The BIG question is now "out there!" Jun 2, 2010, 11:31 Newsletters : 2010 Newsletters : 11 June 2010 Put Patients and Doctors Back in Control of Healthcare Ron Paul is also an obstetrician. The US Health system is broken and not because it is a "Private" system but because of too much government meddling. Sound familiar? We need to start thinking along Ron Paul's lines if we are to get an excellent health system. Less tax, smaller government and let doctors and nurses work directly to help patients. We have been going in the opposite direction for many decades and continual fiddling is not much of a solution. [ Visit Website ] Jun 2, 2010, 10:27 Newsletters : 2010 Newsletters : 11 June 2010 Felix Zulauf Tells it Like it is. Our newspapers report that, "GDP growth will be 2.3% this year . . ." or maybe it is 1.8% or some other economist predicts that it will be 3.2%. Meaningless. Listen to Felix explain what will happen over the next few years but more particularly over the next year or so. This is much closer to the truth. [ Visit Website ] Jun 1, 2010, 12:40 Newsletters : 2010 Newsletters : 11 June 2010 Is Europe Heading for a Meltdown? The mainstream press is starting to understand the problem. [ Visit Website ] May 31, 2010, 10:23 Newsletters : 2010 Newsletters : 11 June 2010 Two More Census Workers Blow the Whistle The Obama government has recently been lauded for its efforts in creating jobs. Newspapers and talking heads on the TV explain that this means "we are moving out of the recession". But government statistics are not all they seems to be. [ Visit Website ] May 31, 2010, 10:00 Newsletters : 2010 Newsletters : 11 June 2010 A Greek Tragedy in the Making Still not sure about what to do to protect yourself against the death throes of paper money? This article may help. [ Visit Website ] May 29, 2010, 14:07 Newsletters : 2010 Newsletters : 11 June 2010 Fiat Central Banks Down for the Count? All that we have predicted is coming to pass. But this is just the beginning of the end. Things will change mightily over the course of the next few years. [ Visit Website ] May 29, 2010, 13:37 Newsletters : 2010 Newsletters : 11 June 2010 The Recovery Starts With Sound Money Have you ever considered how strange it is that our government should have a Ministry of Weights and Measures to ensure that we get the exact agreed measure of petrol or potatoes or rope when we make our purchases and then have no standard agreed value for the dollars that we use in payment? Our dollars have been unsteadily decreasing in value by around 10% per annum since 1971. So the effect for me of buying my "bag of spuds" each month is the same as if the Government jiggled the standard kilogram weight by 0.8% each month and gave me a short measure. The only reason they can get away with it is because the pricing fluctuations jiggle around the gradual increase with random movements and the amount is fairly small so we don't notice over a shorter time period. The end result is the same. We are being cheated by those who print up extra money. Maybe we need a standard value for the dollar? How about 1800 of them to exactly one ounce of gold? That would preserve our purchasing power. May 28, 2010, 15:24 Newsletters : 2010 Newsletters : 11 June 2010 Quote for the Week The only freedom deserving the name, is that of pursuing our own good in our own way, so long as we do not attempt to deprive others of theirs, or impede their efforts to obtain it. Each is the proper guardian of his own health, whether bodily, or mental and spiritual. Mankind are greater gainers by suffering each other to live as seems good to themselves, than by compelling each to live as seems good to the rest. John Stuart Mill (1806-1873) English philosopher and economist - Source: On Liberty, 1859 May 27, 2010, 11:32