Last Updated: Dec 18th, 2009 - 10:07:01 Newsletters : Current Newsletters : 18 December 2009 Merry Xmas Not to put too fine a point on it, the study of Economics can be a very dismal pastime. So let us have a laugh at the stupidities of the world we see and then enjoy our Xmas. We wish you all a Merry Xmas and a Happy New Year. Dec 18, 2009, 09:32 Newsletters : Current Newsletters : 18 December 2009 SPECIAL INVESTIGATION: Climate Change Emails Row Deepens as Russians Admit They DID Come From Their Siberian Server. The plot thickens! [ Visit Website ] Dec 18, 2009, 09:45 Newsletters : Current Newsletters : 18 December 2009 The Great Global Warming Swindle "Propaganda is persuading people to make up their minds while withholding some of the facts from them.": Harold Evans Is it Al Gore or is it these guys? Try watching all 9 parts! [ Visit Website ] Dec 15, 2009, 11:56 Newsletters : Current Newsletters : 18 December 2009 The Power of The Theory of Money and Credit The problem with regulating the money creators is that it is not possible to regulate them sufficiently to stop them printing money backed by something other than debt. Even if your own country isn't doing it then other countries are and they are generating the old carry trade trick; print money here and lend it at 0% to another country's bank who lends it on at 5%. When the Japanese run down the Americans take over! The only existing discipline for the money lenders is to revert to money backed 100% by gold. There is then no question about the value of your money and this is accepted all around the world. Unfortunately this reduces the profitability of banking and reduces the power of politicians. I find it intriguing that the Chinese are now the biggest gold producers in the world and do not export any. They have just opened up retail gold and silver money shops and are advertising them to the general population encouraging them to buy gold and silver. The population are doing just that. Europe is moving towards becoming a single large socialist state (see the next article) and China is a capitalist society moving to give the power back to the people. I think I need Xmas to think about this one! [ Visit Website ] Dec 13, 2009, 19:10 Newsletters : Current Newsletters : 18 December 2009 Is It 1984 All Over Again? British freedoms are under assault from Europe. Try the MP3 player for the interview. Very amusing but the consequences for Europe and Britain are enormous. [ Visit Website ] Dec 13, 2009, 18:32 Newsletters : Current Newsletters : 18 December 2009 The Curse of Good Government The current American financial problems would be an interesting case to point out the problems caused by governments and bureaucrats who set out to "do good" but unfortunately the Americans are running the Reserve Currency of the world. The results will be disastrous. [ Visit Website ] Dec 11, 2009, 11:50 Newsletters : Current Newsletters : 18 December 2009 Japan Sets Out $81bn Stimulus Plan The path to poverty starts with the governments first step. "Hirohisa Fujii, finance minister, noted that it would be the first time in 63 years that debt issuance exceeded tax revenues, stressing he would do everything possible to retain market confidence in government finances." What is happening to the Japanese industrial miracle? [ Visit Website ] Dec 11, 2009, 11:26 Newsletters : Current Newsletters : 18 December 2009 ‘Wake up, Gentlemen’, World’s Top Bankers Warned by Former Fed Chairman Volcker In the DomPost (Dec 11) Alan Bollard thanked the daily papers for not printing headlines about the financial crisis over the last two years. Are we that close to melt-down that a few headlines will cause the disintegration of our financial system? American bankers still don't seem to "get it". [ Visit Website ] Dec 11, 2009, 11:11 Newsletters : Current Newsletters : 18 December 2009 North Koreans in Misery as Cash is Culled One thing that socialism is bound to produce is equal misery for all. Except the political elite, of course. [ Visit Website ] Dec 11, 2009, 10:59 Newsletters : Current Newsletters : 18 December 2009 Requiem for the Dollar Now the Wall Street Journal is starting to print articles about why our money systems are failing us. Can we learn from history or are we eternally damned to follow the same path to wealth destruction again and again. To misquote Lord Rutherford, "We have too much paper money, we will have to think." [ Visit Website ] Dec 9, 2009, 18:42 Newsletters : Current Newsletters : 18 December 2009 A Devastating Response As Einstein said, "1000 scientists voting against me means very little, all I need is one scientist to show where I went wrong." (Or words to that effect.) If a theory cannot make an accurate prediction then the theory must be wrong and we need an adjusted theory or a new theory. This applies to theories about Climate Change just like any other science. Science by political consensus is nonsense. And the taxpayers of the world are now realising that they have been had! Copenhagen is getting more and more interesting by the day. [ Visit Website ] Dec 9, 2009, 18:17 Newsletters : Current Newsletters : 18 December 2009 Someone Needs to Save us From Too Much Saving I couldn't believe my eyes when I first read this article by Robin Wells. Frederick Sautet, a distinguished international economist explained to me a few months ago that the level of economic education in our universities has declined alarmingly. How right he is. *** *** *** *** Robin Wells has taught at Princeton University, MIT and the University of Southampton. She is co-author, with Paul Krugman, of several economics texts. (Notice who Robin's mentor is! Ed.) [ Visit Website ] Dec 9, 2009, 11:59 Newsletters : Current Newsletters : 18 December 2009 Climate Change Brainwashing Goebbels would be proud of these guys. [ Visit Website ] Dec 9, 2009, 11:36 Newsletters : Current Newsletters : 18 December 2009 Science or Nonscience? I think this fairly states the situation regarding the current Climate Change debate raging in various parts of the world. [ Visit Website ] Dec 9, 2009, 10:19 Newsletters : Current Newsletters : 18 December 2009 Where Is the US Economy Heading? The question is, "Can the USA get itself out of the current recession (depression) by printing more money?" This discussion is very revealing in its analysis of how money and the banking system works. [ Visit Website ] Dec 9, 2009, 09:53 Newsletters : Current Newsletters : 18 December 2009 Quotes for the Week In questions of science, the authority of a thousand is not worth the humble reasoning of a single individual. Galileo Galilei, contrarian astronomer. *** *** *** You cannot keep out of trouble by spending more than you earn. President Abraham Lincoln *** *** *** The nation must continue to spend its way out of this recession until more Americans are back at work. U.S. President Barack Obama, November 8, 2009 Dec 7, 2009, 11:56