Foundation for Economic Growth - Newsletter

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Last Updated: Jul 3rd, 2017 - 15:54:31


Newsletters : 2017 Newsletters : 13 February 2017
Thought for the Day

Last week I explained how science enables us to know what is true and how this helps us to work towards a better future.

Science is really easy to understand. Perhaps the best way to look at it is by looking at an example of science in action.

In 2007 two school girls decided to test the drinks available to them to see how healthy they were. Ribena claimed that it was much healthier than oranges because black currents contained four times the Vitamin C.

Unfortunately when the girls tested Ribena they found that it hardly had any Vitamin C at all.

The theory was that Ribena was a very healthy drink for students but when this theory was tested it was proven to be wrong. The theory was false!

Two 14 year old girls conducted a simple test and proved that Ribena was lying about its product. This reflected very badly on Ribena as the next article shows.

There was also a theory that Cadburys made chocolate from chocolate and New Zealanders were very fond of it.

However we found one day that our chocolate didn't taste right. It didn't taste like 'real' chocolate. I noticed and threw the remains out and we bought chocolate from Whittaker's after that. I also discovered that many other Kiwis had applied the taste test and found one of their favourite theories was wrong. After some hassle Cadburys was forced to admit that indeed it had tried to cheat its customers and was using palm oil instead of the 'real' thing.

We all conducted a scientific taste test. Taste is a very sensitive measuring instrument and 5,000,000 New Zealanders couldn't be fooled by the big global oligarchs.

It is easy to be a scientist. Trial and error and continual testing. We all do this sort of thing all the time.

Many Kiwis are now questioning the Giant Global Pharmaceutical companies. Some side effects are causing real harm, and the trouble is that we don't know what harm is being caused until after the event.

BIG Pharma will lose this battle too. Perhaps when the Medical fraternity decides to put itself on the side of the patient and runs independent studies with REAL Statisticians on BIG Pharma's dubious claims.

So this is how we can use science to test economic theories.

We cannot rely on our governments and the bureaucratic regulators to help us keep these evil people at bay. We need to think for ourselves.

Just don't buy junk food. Don't believe BIG Pharma's claims on TV. They are lying to you just as the BIG Food oligarchs are lying to you. We have just proven that two BIG Food companies have lied to us. Why do we believe anything they now say.

What do our economists tell us?

Let us just put it to the test.

Test the economists. Are they telling the truth?


Feb 13, 2017, 16:36

Newsletters : 2017 Newsletters : 13 February 2017
Schoolgirls rumble Ribena vitamin claims

Science in action!

Visit Website ]
Feb 13, 2017, 16:43

Newsletters : 2017 Newsletters : 13 February 2017
Cadbury stops using palm oil in chocolate

Another global giant tries to rip off its Kiwi customers.

Another liar found out and is abandoned by chocolate lovers from one end of the country to the other.

Scientific testing is not so hard and it can really PROVE that a theory is wrong.

The trust is now gone. And so is the Cadbury's chocolate from our super-markets.

In economics we are told that our paper money is sound and that it is gold that is a bit suspect and unreliable. In fact the globalist bankers tell us that gold is a barbarous relic.

The people of the world - especially those in the East - are now discovering that they are being lied to.

Paper money is not sound. Gold is the most reliable money on Earth.

Central Bankers around the world should be very worried.

The worthy citizens are putting their paper money to the test!

And it is failing.

Visit Website ]
Feb 13, 2017, 16:30

Newsletters : 2017 Newsletters : 13 February 2017
Gold Is Rallying Because Western Central Bank Vaults Are Running Out Of Physical Gold

The truth is slowly coming out.

Eventually all will be revealed.

The emperor has no clothes.

Visit Website ]
Feb 13, 2017, 15:44

Newsletters : 2017 Newsletters : 13 February 2017
The pivot to China

We were told last century that China would dominate this century.

It is beginning to look that way to me.

Visit Website ]
Feb 13, 2017, 15:26

Newsletters : 2017 Newsletters : 13 February 2017
Gini and monetary policy

Real Economics can be completely understood without the use of statistics or other mathematical contrivances.

I am a mathematician with post-graduate qualifications in Statistics and Operations Research. Operations Research is the use of mathematical and other techniques to solve business problems. Mathematics (as currently used by economists) is not applicable to economics because value is only "in the eye of the beholder" and cannot be determined as being a particular size in terms of money.

In any trade the buyer sees more value in the product than in her money and the seller sees more value in the money than in the product.

If this was not the case then the trade would not occur!

AND it is not possible to say just how much money these two values represent.

AND the value is not necessarily the same for different buyers.

AND may be different for the same buyer on different occasions.

Ludwig von Mises noted this when he said "Economics is an ordinal study, not a cardinal one."

Economists fail to understand this basic truth about economic matters.

Economists also fail to understand what is true and what is not true and do not use the Scientific Method to ascertain the truth amongst their many theories(?).

This why our Keynesian economists who try to explain why paper money works are nothing more than Central Bank shills. - Spending their lives confusing the public with their strange assertions and their orchestrated litany of statistics.

Unfortunately for the economists, the people are beginning to understand and to believe the evidence of their own eyes - always a good test for any theory.

Visit Website ]
Feb 11, 2017, 17:24

Newsletters : 2017 Newsletters : 13 February 2017
A Large Crack Appeared In The Global Market…. And No One Noticed

In a world of paper money it is not easy to understand what is real anymore.

Visit Website ]
Feb 8, 2017, 13:21

Newsletters : 2017 Newsletters : 13 February 2017
Biased strangers take a DNA test - the results show why we shouldn't judge others on their looks

I am indebted to Leah Mexted for this little snippet of humanity.

It helps explain why I believe that we need to stop all racial division in New Zealand and start working towards designing our laws to be the same for everyone.

We will either live together finding harmony or we will live apart in discord.

Just what is your MP's opinion?

Visit Website ]
Feb 8, 2017, 12:36

Newsletters : 2017 Newsletters : 13 February 2017
Learning to Prosper in Silver - Jeff Nielson

Buy when there is blood in the streets.

Buy low and sell high.

But people can't follow all this good advice.

They are too busy buying shares and bonds when they are too high and they will keep them too long and then sell them at a low price.

Then they will leave the stock and bond markets forever.

I do not expect anyone to follow the advice I give.

Visit Website ]
Feb 7, 2017, 12:30

Newsletters : 2017 Newsletters : 13 February 2017
Tightening the Money Supply will Inevitably Lead to a Bust

The US economy is heading towards failure and there is not anything the Federal Reserve can do about that.

Keynesian economists may find this discussion interesting.

Visit Website ]
Feb 7, 2017, 12:09

Newsletters : 2017 Newsletters : 13 February 2017
Quote of the Day

"It's easier to fool people than to convince them that they have been fooled."

Mark Twain


“For the naive mind there is something miraculous in the issuance of fiat money. A magic word spoken by the government creates out of nothing a thing which can be exchanged against any merchandise a man would like to get. How pale is the art of sorcerers, witches, and conjurors when compared with that of the government’s Treasury Department!”

Ludwig von Mises


"When the truth is replaced by silence, the silence is a lie."

Soviet dissident Yevtushenko



Feb 6, 2017, 17:38

Creating Wealth and Keeping it

The New book by Phil Scott, President of the Foundation for Economic Growth.

"This book is good, damn good and no statistics!" Lindsay Gordon, MA, MSC, PHD.

Every serious economics student should have a copy and read this ground-breaking foundation of clear economic thinking. Real Economics explains how human actions shape our world and why so much seems to be going wrong for Western economies. This book will bring enlightenment for the general reader who will see why a few very wealthy are becoming exceedingly rich and the middle classes are on the road to serfdom.

See more: www.realeconomics.co.nz