Last Updated: Nov 19th, 2009 - 11:07:39 Newsletters : 2008 Newsletters : 17 October 2008 Thought for the Day The Central Banks of the world are now really and truly into the paper money business as they guarantee all other banks' deposits and purchase all sorts of dubious assets in return for newly printed dollars - or pounds or euros or pesos. The next step is for us citizens to bank direct with the government, make our deposits at Number 1 the Terrace, and dispense with the Aussie banks altogether. When you start to think like this the obvious question springs to mind; Who guarantees the Central Bank? Oct 14, 2008, 12:59 Newsletters : 2008 Newsletters : 17 October 2008 Good and Bad Credit Capitalism is the process whereby people exchange their ideas and work for money and use the money to buy goods and services supplied by others. This is facilitated by ensuring that all exchanges are between willing buyers and sellers thus creating a free and open market society. As a result of these exchanges people generate wealth (REAL Money) and as they save it, this REAL Money can be lent on to entrepreneurs and businesses (for a price called the interest) to generate more wealth. Capitalism is this process running continuously and generating wealth continuously. Truly this is the Golden Goose of legend. Governments interfere with this process by taxing by compulsion which reduces the wealth available for investment. And bankers interfere with the process by using pretend money instead of REAL Money to lend out at cheaper rates. This encourages extravagant behaviour amongst the entrepreneurial classes and the bubbles start. Oh, what a tangled web we weave, when first we set out to deceive. Our Central Bankers only make this situation worse by rescuing the troubled bankers. Our present economic condition is a wonderful lesson for us all if only we can understand what is happening. My bet is that we will not understand! [ Visit Website ] Oct 17, 2008, 11:14 Newsletters : 2008 Newsletters : 17 October 2008 I, Greenspan As it is in USA - so it is in Kiwiland. Oct 17, 2008, 08:54 Newsletters : 2008 Newsletters : 17 October 2008 Let’s go back to somewhere near Bretton Woods Ideas for solving our money crisis are starting to emerge. Will anything other than a strict gold standard work? Oct 16, 2008, 12:11 Newsletters : 2008 Newsletters : 17 October 2008 It All Went Wrong When We Left The Gold Standard Is a strict gold standard the only way whereby we can maintain proper discipline in the financial markets of the world? Any students of human nature out there? Oct 15, 2008, 13:40 Newsletters : 2008 Newsletters : 17 October 2008 Escape from the Depreciating Dollar If we don't solve the paper money problem then we are doomed to a lower standard of living than we could achieve. [ Visit Website ] Oct 15, 2008, 11:17 Newsletters : 2008 Newsletters : 17 October 2008 Confidence Is Leaving the Fiat Money System Professor Polleit explains what is happening to our paper money system. Naturally, he does it much better than I. [ Visit Website ] Oct 11, 2008, 14:26 Newsletters : 2008 Newsletters : 17 October 2008 Orwellian U.K. Angers People With Tree Cameras, Snooping Kids As our financial crash echos around the world we find that governments are taking more and more power unto themselves - but of course, only in our own best interests. Our Reserve Bank has now decided to take over mortgages that banks can no longer fund. Just as the Fed Reserve is doing in the USA. In their efforts to help everyone our governments are set fair to become more and more Fascist in style: "We believe in private enterprise, but only if it does what We instruct." The UK is well down that track already. Oct 11, 2008, 14:00 Newsletters : 2008 Newsletters : 17 October 2008 A Career Working Behind Enemy Lines An interesting insight into public service! [ Visit Website ] Sep 24, 2008, 16:22 Newsletters : 2008 Newsletters : 17 October 2008 Quote for the Week "Gold in the hands of the public is an enemy of the state." Adolf Hitler Sep 17, 2008, 13:04