Last Updated: Nov 19th, 2009 - 11:07:39 Newsletters : 2009 Newsletters : 13 March 2009 Thought for the Day From the recent Jobs forum our new government has produced a list of 40 "things to do". Each of these things involves one or more government departments actively pursuing a new process. I think we have found a lot of work for the bureaucrats. Developing the new strategies should involve many hundreds of them for the next year or two! Remember, private enterprise generates wealth - governments take this wealth by force and after keeping some for their own operation they distribute what's left amongst their friends and voters and other worthy causes. For the government to give me a dollar to keep me in a job they will need to take more than $1 from someone else working in the REAL Economy. This lowers the productivity of the REAL Economy. To get the country up and running at full tilt we should reduce our government bureaucracy to the bare minimum and just let those who create wealth get on and do it as fast and as much as possible. This will generate our new array of jobs in new industries! Entrepreneurs know how to generate wealth and they are very keen to get going and to get wealthy. They will also hire all the people they need to help do it. This is what generates REAL Jobs. Mar 13, 2009, 12:37 Newsletters : 2009 Newsletters : 13 March 2009 In Government We Trust? Last week I received a kind invitation to listen to a speech by Jerry Jordan a retired President and CEO of the Federal Reserve Bank of Cleveland. Amongst the audience was Alan Bollard our very own CEO of our Central Bank. So at question time I asked a "gold" question to see what our guest speaker had to say about gold vs a fiat currency. Since he was an American I thought he would know Congressman Ron Paul as Ron had been a recent Presidential candidate. So I asked him what he thought about Ron's emphasis on returning to a gold standard. In short, he said that in 1981 he had worked with Ron Paul to determine how to do this. They looked at ways to return to the gold standard and not have a Federal Reserve bank at all. He also said that the Constitution of the USA specifically states that only gold and silver should be used as money. So, surprisingly he was not taken aback by the question but was very forward in explaining why he was for a return to gold. To help understand this thinking you can read a recent article from Ron Paul. Just click the heading above. Mar 13, 2009, 12:24 Newsletters : 2009 Newsletters : 13 March 2009 Science Is as Science Does This article makes a very important point which modern economists completely fail to understand. If Economics is an empirical science then it has done a particularly poor job demonstrating that its theories are substantiated by the facts. As a mathematician I have to say that I do not agree with the author's assertions that mathematics is a science or even scientific in the normal sense but that does not detract from his argument and merely adds spice to what is a rather erudite discussion. [ Visit Website ] Mar 13, 2009, 11:27 Newsletters : 2009 Newsletters : 13 March 2009 Modern Gold Rush Under Way The Russia Today television network's interview with GATA Board of Directors member Adrian Douglas, conducted by Marina Portnaya and elaborating on the gold price suppression scheme of the Western central banks, was posted at YouTube today and you can watch it here: [ Visit Website ] Mar 13, 2009, 10:23 Newsletters : 2009 Newsletters : 13 March 2009 Wall Street on the Tundra So if you want to know about paper money - read this! [ Visit Website ] Mar 10, 2009, 16:03 Newsletters : 2009 Newsletters : 13 March 2009 Hedge Fund Investors Turn to Gold The big advantage we have is that we know about REAL Economics and understand the difference between paper money and REAL Money. The theory is explained in our recommended books at our web site and we can see it working in REAL Life around the world. There is an interesting group of people who also REALLY do understand these things and that is REAL Investors. They put their money where their thoughts are and we can see what happens. Now a Hedge Fund is moving into gold. Mar 10, 2009, 14:02 Newsletters : 2009 Newsletters : 13 March 2009 Climate & Politics: Advice for the Committee I believe that the notion of Climate Change caused by humans will eventually fizzle out as the world economy declines more and more rapidly. We won't be able to afford the costs. Then, maybe, the politicians will look to science for justifications for scuttling this ridiculous notion. Besides, the world seems to be getting cooler at the moment! It seems that the only scientists that support global warming are those that are getting money from governments to "prove" the point. The notable biologist, Bellamy, is skeptical about this question and now the BBC have refused to have him running any more shows. Politicians are taking this world down a very dangerous path. [ Visit Website ] Mar 10, 2009, 12:59 Newsletters : 2009 Newsletters : 13 March 2009 Tax Protest in USA I have never before seen a revolt against Taxes. These people have more sense than Obama - and other socialists. [ Visit Website ] Mar 9, 2009, 12:35 Newsletters : 2009 Newsletters : 13 March 2009 Emerging Economies May Seek Gold as Dollar Fears Rise Major emerging economies are seeking to raise their central banks' gold reserve holdings as fears of a sharp depreciation in the U.S. dollar mount, senior industry officials said on Monday. Mar 3, 2009, 12:43 Newsletters : 2009 Newsletters : 13 March 2009 The Long Slump Jim Rogers founded the Quantum Fund with George Soros. Jim knows what he is talking about. Hear him interviewed here. [ Visit Website ] Mar 3, 2009, 12:19 Newsletters : 2009 Newsletters : 13 March 2009 Central Banks Don't Want Their Leased Gold Back What is gold leasing? Why does it happen and how does it work! Mar 2, 2009, 11:50 Newsletters : 2009 Newsletters : 13 March 2009 A REALLY Inconvenient Truth As predicted; When the politicians come up against the inevitable bust after the boom years, they print more money! [ Visit Website ] Feb 28, 2009, 14:47 Newsletters : 2009 Newsletters : 13 March 2009 Hoorah For Capitalism! What is this magical thing called Capitalism? Feb 28, 2009, 13:29 Newsletters : 2009 Newsletters : 13 March 2009 Quote for the Week The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary. H. L. Mencken Hence the existence of "Global Warming". - (Ed.) Jan 9, 2009, 13:30