Last Updated: Jan 11th, 2011 - 11:34:34 Newsletters : 2010 Newsletters : 22 October 2010 Thought for the Day In 1999, Time magazine included Keynes in their list of the 100 most important and influential people of the 20th century, commenting that; "His radical idea that governments should spend money they don't have may have saved capitalism". Well, the Time Magazine was certainly correct about Keynes influence but it looks like his theory of governments borrowing or printing money to keep GDP growth positive leads to more problems than governments and central banks can handle. Certainly we know that paper money cannot survive for any length of time. None ever has in the past. The American dollar has lost 96% of its value over the last 96 years. The Federal Reserve has printed trillions more just recently and Bernanke is promising to start printing another trillion or so in November. It seems as though - just as predicted by REAL Economists - once governments embark on this economic path they are on an inevitable path to either hyperinflation or long slow recession. Do we blame Keynes or the Central Bankers or the government or something else? Will blame help? Oct 21, 2010, 10:38 Newsletters : 2010 Newsletters : 22 October 2010 The Golden Bubble If we can figure out what the future holds for us we will be at quite an advantage in the commercial world. That is the reason I think it is worthwhile trying to understand REAL Economics. After all we live in the REAL World - not La-la Land. [ Visit Website ] Oct 20, 2010, 10:36 Newsletters : 2010 Newsletters : 22 October 2010 Time for a 21st-century Gold Standard "Ralph Benko is senior adviser for economics to the American Principles Project (http://americanprinciplesproject.org/). He was called upon by the U.S. Treasury Department to testify before the U.S. Gold Commission on the constitutional history of American monetary policy and served as a deputy general counsel to a Reagan White House." A pragmatic voice in the wilderness? Oct 19, 2010, 19:15 Newsletters : 2010 Newsletters : 22 October 2010 Our Facebook We are starting up a facebook, so if you would like to "be a friend" have a look and sign up. You may be able to teach me how it works! [ Visit Website ] Oct 19, 2010, 17:48 Newsletters : 2010 Newsletters : 22 October 2010 Doug Casey on the Violence of the Storm, the Destruction of the Middle Class and the Coming Gold Standard Doug Casey says that there are only three places in the world worth living in and they are Thailand, Argentina and New Zealand. He owns a couple of properties here and occasionally meets up with his investors for drinks and a meal. I have met him and spent half an hour in earnest conversation with him about three years ago. He is a brilliant investment advisor, understands the Austrian Economists and everything he has been talking about over the years has come true. So if you want to know the future, read this. [ Visit Website ] Oct 19, 2010, 17:40 Newsletters : 2010 Newsletters : 22 October 2010 Interview: Eric Sprott on Gold and QE2 America is in trouble. They cannot decrease their debt. Their interest rate cannot go any lower. They can now only print money to keep government afloat - never mind the average punter! How will the demise of the Yankee dollar affect other countries? It will be very interesting to find out. [ Visit Website ] Oct 19, 2010, 15:36 Newsletters : 2010 Newsletters : 22 October 2010 Explanation of Derivative Markets A light hearted explanation! Just relax. Oct 19, 2010, 11:02 Newsletters : 2010 Newsletters : 22 October 2010 South Korea's Central Bank Looks to Gold South Korea holds 14 tons more gold than we do. Oct 19, 2010, 09:30 Newsletters : 2010 Newsletters : 22 October 2010 Changing Education Paradigms Now here's a thought. [ Visit Website ] Oct 18, 2010, 15:57 Newsletters : 2010 Newsletters : 22 October 2010 China's Not the Villain if the West Goes for Monetary Debasement Things will get messy. Oct 18, 2010, 14:12 Newsletters : 2010 Newsletters : 22 October 2010 As Goes Iceland, so Goes the EU? The destruction of the middle class continues. And don't say it cannot happen here. Just ask those who lost their savings to the finance industry recently! [ Visit Website ] Oct 18, 2010, 12:04 Newsletters : 2010 Newsletters : 22 October 2010 Why the U.S. Has Launched a New Financial World War -- and How the Rest of the World Will Fight Back How can New Zealand survive this money war? Individuals must each protect themselves. [ Visit Website ] Oct 17, 2010, 16:54 Newsletters : 2010 Newsletters : 22 October 2010 World Needs to Stay Vigilant About Active Depreciation of the Dollar The trade wars have started, the money war is heating up and the Chinese are now engaging the propaganda war. [ Visit Website ] Oct 15, 2010, 13:20 Newsletters : 2010 Newsletters : 22 October 2010 The Demise of the Dollar More stresses of our paper money system. This will cause BIG trouble! [ Visit Website ] Oct 14, 2010, 10:35 Newsletters : 2010 Newsletters : 22 October 2010 It’s the Money, Stupid Softly, slowly more and more people are catching on. Paper money will disappear sooner or later. The world's reserve currency is catching fire. Can they rescue it in time? Probably not. [ Visit Website ] Oct 13, 2010, 16:19 Newsletters : 2010 Newsletters : 22 October 2010 Currency Wars are Necessary if all Else Fails Ludwig von Mises described all this very clearly in his book, Human Action, over 60 years ago. Politicians will always choose the easy way out (for them) and print the money. Anyone want to place a bet on the outcome? [ Visit Website ] Oct 12, 2010, 10:04 Newsletters : 2010 Newsletters : 22 October 2010 Quote for the Week John Maynard Keynes was wrong about practically everything, but he was right about this: "There is no subtler, surer means of overturning society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction and does it in a way that not one man in a million is able to diagnose." Oct 11, 2010, 17:56