Last Updated: Nov 4th, 2010 - 14:15:31 Newsletters : 2010 Newsletters : 13 August 2010 Thought for the Day We are off to Australia for a week of warmth so I am sending out this newsletter a week early. If a find a large curtain with a Central Banker face suspended above I shall whisk back the drapes and let you know what the Wizard of Oz looks like. Maybe a bit like the photo in the next article! Aug 12, 2010, 13:04 Newsletters : 2010 Newsletters : 13 August 2010 UK Central Bank Loses Credibility I watched Mervyn King being interviewed on American Television the other night and he looked most uncomfortable explaining the unexplainable to a group of American journalists who didn't seem to believe him. And asking them for their opinion! He looked lost. This must have been a strange experience for a Central Banker! Especially of the Bank of England! [ Visit Website ] Aug 12, 2010, 12:54 Newsletters : 2010 Newsletters : 13 August 2010 Murray Rothbard and the Deflation Bogey The Austrian economists seem to understand REAL cause and effect. This is the essence of the current world financial woes. [ Visit Website ] Aug 11, 2010, 14:13 Newsletters : 2010 Newsletters : 13 August 2010 Desperate to Get US Economy Moving To quote The Daily Bell: "Yes, the crack-up boom has arrived, just as Austrian economist Ludwig von Mises said it would. It was in our opinion 100 years in the making and it will be as virulent as predicted, in part because it has been so long coming. Western central banking regimes have so distorted the economy with their excessive money printing that it is now impossible to tell a viable business from a bankrupt one." [ Visit Website ] Aug 10, 2010, 10:57 Newsletters : 2010 Newsletters : 13 August 2010 Commodity spike queers pitch for Bernanke's QE2 For those of you who think that the world's Central Bankers are in control of the world economy - think again. Aug 9, 2010, 11:22 Newsletters : 2010 Newsletters : 13 August 2010 Gold Dinar, Silver Dirham REAL people with a REAL understanding of REAL Money. Amazing! [ Visit Website ] Aug 5, 2010, 14:40 Newsletters : 2010 Newsletters : 13 August 2010 What is George Soros up to in the Gold Market? George Soros knows quite a bit about money and the value of things. What did he mean when he said that gold is the ultimate bubble? If I said that the Bledisloe Cup was the ultimate prize you would point out to me the error of my ways and explain that the Rugby World Cup was the ultimate prize - and I would be forced to agree with you. Ultimate is the "end of the road". There is no more and nothing to succeed "The Ultimate". When Gold reaches a peak it is not that it is in a bubble but that competing paper monies have lost their appeal to ordinary people who seek safety in hard times. After this the world deflates back to a normal economy - not the boosted economy that fiat currency produces. This has all happened before and will probably happen again. [ Visit Website ] Aug 5, 2010, 12:47 Newsletters : 2010 Newsletters : 13 August 2010 Quote for the Week When plunder becomes a way of life for a group of men... they create for themselves, in the course of time, a legal system that authorizes it, and a moral code that glorifies it. Frederic Bastiat, The Law [1850] Aug 4, 2010, 13:08