Last Updated: Feb 25th, 2010 - 09:50:10 Newsletters : 2009 Newsletters : 20 November 2009 Thought for the Day I thought today that I would let someone else provide the thought for the day. It seems to be relevant. "About the time the U.S. became a republic (1787), Alexander Tyler, a Scottish history professor at the University of Edinburgh, wrote the following about the fall of the Athenian Republic: 'A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship. The average age of the world’s greatest civilizations from the beginning of history, has been about 200 years.'" Nov 19, 2009, 10:19 Newsletters : 2009 Newsletters : 20 November 2009 French Bank Tells Clients How to Prepare For 'Global Collapse' Better to be sure rather than sorry! Ambrose again with an interesting story. Nov 19, 2009, 11:05 Newsletters : 2009 Newsletters : 20 November 2009 Money in War-Ravaged Iraq Here is a real life description of how money starts in a community and how it works perfectly well - particularly without government "help". Government does not solve our problems - government is the problem. [ Visit Website ] Nov 18, 2009, 17:39 Newsletters : 2009 Newsletters : 20 November 2009 Ostalgie: The Haunting Fear that Others are Diddling the System Better Than You Are Many people complain that capitalism isn't working. The fact is that we don't have just plain old vanilla capitalism anywhere, anymore. What we have is State controlled capitalism/socialism. And when all the centralised regulation causes problems in the economy, the bureaucracy "fixes" things with more regulation. This of course produces further problems needing more "fixing". We are fortunate in living in this modern world because we do not need to understand REAL Economics to see what is happening. We can see the events playing out before our very eyes. Unfortunately what we see is that things continue to get worse until a catastrophe strikes and the nation has to rebuild from ground zero with a more capitalist system. More freedom from regulation much smaller government and sound money. But the beggars just won't leave well enough alone. As soon as the economy starts to flourish the people vote in a "strong leader" who knows best what they want and who is prepared to spend what it takes to give it to them. Socialism and the modern welfare state then strikes again and when it fails the bureaucrats blame capitalism. Nov 16, 2009, 11:51 Newsletters : 2009 Newsletters : 20 November 2009 Is China Headed Toward Collapse? If you understand REAL Economics you will understand booms and busts and how paper money leads to mal-investment and misallocation of resources. China is now well into the boom, which has been artificially sustained this year and is about to go bust. What happens then? [ Visit Website ] Nov 13, 2009, 10:02 Newsletters : 2009 Newsletters : 20 November 2009 The Man Who Predicted the Depression Mr. Spitznagel is the founder and chief investment officer of the hedge fund Universal Investments LP, based in Santa Monica, California. Successful REAL Investors understand Ludwig von Mises and his theory of REAL Economics. A theory that is proven time and time again from REAL Life experience. [ Visit Website ] Nov 12, 2009, 10:11 Newsletters : 2009 Newsletters : 20 November 2009 Merkel Says Worst Still Ahead in Germany Germany has been regarded over recent years as running one of the best economies in the world. Europeans are known to change Italian printed Euros for German printed ones. Talk about paranoia! But times are tough and Angela has a plan for the future. Our National government might do well to have a look at her ideas on taxes. [ Visit Website ] Nov 12, 2009, 09:58 Newsletters : 2009 Newsletters : 20 November 2009 When Currencies Crash Real investment advisers understand about REAL Economics - that is why their advice is worth listening to. Nov 12, 2009, 09:44 Newsletters : 2009 Newsletters : 20 November 2009 Everybody Knows U.S. Gold Reserves Are Leased And Shorted The mood around the world is starting to change. We are now starting to see more and more articles of a general nature about gold in the daily papers. Is this the beginning of major change for our world money system - out with paper and in with gold? Will we see a mania for gold as we did back in 1980? Should Central Banks hold gold? Read a Canadian point of view. The Reserve Bank of New Zealand holds no gold reserves. Nov 12, 2009, 09:07 Newsletters : 2009 Newsletters : 20 November 2009 Vietnam Acknowledges Trying to Push Gold Price Down Vietnam to Allow Gold Imports to Prevent Speculation. China, Russia, India, Sri Lanka, Canada, Vietnam - the stories about gold chase around the world. Nov 12, 2009, 08:17 Newsletters : 2009 Newsletters : 20 November 2009 Which Will Come Out on Top: Paper or Gold? William Rees-Mogg has had a distinguished career with The Times and The Sunday Times. He was Deputy Editor of The Sunday Times before becoming Editor of The Times in 1967, a position he held until 1981. He was made a life peer in 1988. Since 1992 he has been a columnist for The Times, writing on a variety of issues. He has also been chairman of the Broadcast Standards Council and British Arts Council. Lord Rees-Mogg also understands that there is a REAL Economy running alongside the paper money economy in the world today. This consists of REAL Money, REAL Estate and REAL people in private industry and commerce doing REAL Jobs that generate wealth. He is coming to some interesting conclusions. [ Visit Website ] Nov 11, 2009, 18:21 Newsletters : 2009 Newsletters : 20 November 2009 Inside The Global Frenzy For Gold Some journalists are starting to become "gold bugs". Nov 9, 2009, 16:46 Newsletters : 2009 Newsletters : 20 November 2009 A Path To Runaway US Inflation REAL Economics knows what is happening. The Austrian School of Economics explains it precisely. We have seen many sides of this impending inflationary burst and here is an explanation of why America is well set on the inflationary path. New Zealand had it's big bust in 1987 and consequent recession in 1990 so we were free to begin the ascent of the wealth mountain for the first time in a generation or two. Unfortunately Helen took us back down the path of socialist do-gooderism and we lost our way. Fortunately we are not in the bad shape that the Americans are in but when they go bust we had better be prepared for the worst. It is very difficult for a nation to have a sound economic policy while using a paper currency. The end result will be either a long drawn-out depression of Japanese proportion (the last 20 years) or run-away hyperinflation as we saw in Zimbabwe (recently). If the government does nothing the change will be dramatic, violent and short but since governments do not like rioting in the streets they will do something. They will always do something anyway as that is in the nature of governments. Generally speaking the easiest path for a government to take is hyperinflation as this seems to be solving the problem. How many trillions of dollars has America just printed? How will a hyperinflating world reserve currency affect the New Zealand economy? We are about to find out. [ Visit Website ] Nov 9, 2009, 11:58 Newsletters : 2009 Newsletters : 20 November 2009 Gold Suppression is Public Policy and Public Record, Not 'Conspiracy Theory' Remarks by Chris Powell, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. International Precious Metals and Commodities Show Olympia Park, Munich, Germany. My old Granny told me, "Don't forget the Golden Rule - He who has the gold, rules." Nov 9, 2009, 09:43 Newsletters : 2009 Newsletters : 20 November 2009 Tungsten Alloy for Gold Substitution Did you know that Tungsten has almost the same density as gold? This Chinese firm knows it: [ Visit Website ] Nov 7, 2009, 10:21 Newsletters : 2009 Newsletters : 20 November 2009 Quote for the Week It is well that the people of the nation do not understand our banking system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford Nov 6, 2009, 13:57