Last Updated: Oct 22nd, 2010 - 15:35:08 Newsletters : 2009 Newsletters : 23 October 2009 Thought for the Day Our aim is to increase the wealth of all citizens. Some will get more than others for that is the capitalist way. The alternative is the equal poverty for all that socialism produces. To get there we need: - Small government and low taxes, - Absolute property rights, - Sound money. This is a problem of education not coercion. It will take generations - if it can be done. Oct 23, 2009, 11:48 Newsletters : 2009 Newsletters : 23 October 2009 These Humans are Fast Learners . . . Yeah, Right. What have we learned in 2,064 years? "The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." Cicero 55 BC. So, evidently we have learned nothing. Oct 23, 2009, 09:43 Newsletters : 2009 Newsletters : 23 October 2009 Wall Street's Naked Swindle Bankers talk about the moral hazard associated with paper money. This story is about how this moral hazard is affecting the heart of America's money centre. The language is a bit extravagant but the story is very interesting. [ Visit Website ] Oct 23, 2009, 09:32 Newsletters : 2009 Newsletters : 23 October 2009 The Plunge Protection Team How the Invisible Hand Moves the Markets I have written of the Plunge Protection Team before. Here is quite a good summary of what is known. We no longer have free and open markets, we have the market that the government and the bankers want us to have - tilted! Why do people still try to operate in these unfair circumstances? Can it simply be habit? [ Visit Website ] Oct 22, 2009, 13:37 Newsletters : 2009 Newsletters : 23 October 2009 Dollar Hegemony For Another Century Ambrose gives his own opinion instead of reporting the information that he finds. Quite an interesting overview. His only problem is that he hasn't really addressed the problem caused by paper currencies. They don't revalue - they disappear! [ Visit Website ] Oct 22, 2009, 11:10 Newsletters : 2009 Newsletters : 23 October 2009 Dollar Decline Draws International Protest The two basic requirements for growth in wealth for a modern nation are small government (and hence low taxes) and sound money. Read what the Wall Street Journal has to say as the paper currencies of the world vie for the lowest position on the world markets. The race is picking up speed! Oct 22, 2009, 10:40 Newsletters : 2009 Newsletters : 23 October 2009 Son of a Bubble And a gently reminder of the real world in Europe and America. We are cruising at the moment but they are "Cruisin' for a bruisin'. Oct 22, 2009, 09:33 Newsletters : 2009 Newsletters : 23 October 2009 Is Limited Government an Oxymoron? To obtain wealth in a country you need a small government and thus low taxes as well as sound money. This website contains a discussion about small government and whether this is even possible. To a casual observer it would seem that governments continue to grow larger and larger until they break down due to a financial meltdown of some sort. They then have to start again from a much lower base. Just like our government in the 1980s broke down under Muldoon's edict of controlled prices, wages and interest rates and Lange and the Labour boys had to demolish many government institutions and start again - this time with a market economy. Zimbabwe has broken down. Argentina broke down and Mexico broke down and needed to be helped back to normality a decade ago. The UK is in trouble and America is in BIG trouble as the people in this video explain. Our world recession is just getting started. See the video: [ Visit Website ] Oct 21, 2009, 23:37 Newsletters : 2009 Newsletters : 23 October 2009 Has the US Reached The Hyperinflation Tipping Point? There have been 28 episodes of hyperinflation of national economies in the 20th century, with 20 occurring after 1980. Peter Bernholz (Professor Emeritus of Economics in the Center for Economics and Business (WWZ) at the University of Basel, Switzerland) has spent his career examining the intertwined worlds of politics and economics with special attention given to money. In his most recent book, Monetary Regimes and Inflation: History, Economic and Political Relationships, Bernholz analyzes the 12 largest episodes of hyperinflations – all of which were caused by financing huge public budget deficits through money creation. His conclusion: the tipping point for hyperinflation occurs when the government’s deficit exceed 40% of its expenditures. It is estimated that the USA will reach 40.1% in 2009! [ Visit Website ] Oct 20, 2009, 12:03 Newsletters : 2009 Newsletters : 23 October 2009 How Much Imaginary Gold Has Been Sold? Is the gold market all it is made out to be? Could the banks be running a Madoff ponzi scheme? We know that banks run a fractional reserve system and rely on the Central Bank to rush around with more paper money if they run out. We saw this at Northern Rock in England last year. But could they also be doing the same thing on the London Gold market? What happens when there is a run on the gold market and there is no gold for the late arrivals? The Central Banks cannot print more gold! This could be serious. Oct 17, 2009, 18:40 Newsletters : 2009 Newsletters : 23 October 2009 How much imaginary gold has been sold? Part 2 We are about to learn how important gold is as REAL Money. Oct 16, 2009, 09:54 Newsletters : 2009 Newsletters : 23 October 2009 How I Found the Austrian School It is very hard to explain Austrian Economics in a nutshell. When Ludwig von Mises wrote his main treatise on economics (Human Action) he explained everything in about 900 pages. When I try I find that it is very difficult to know just where to start so that my audience can follow my arguments. This article is a great starting point. [ Visit Website ] Oct 14, 2009, 12:16 Newsletters : 2009 Newsletters : 23 October 2009 Remarks to the 2009 New Orleans Investment Conference Chris Powell gives us an interesting summary of what we know so far as confirmed facts about the actions that Central Banks, particularly the US Federal Reserve Bank, are taking to control the money of the world. Remember, if you control the money you control the people. Oct 13, 2009, 11:22 Newsletters : 2009 Newsletters : 23 October 2009 The Explosive Dynamics of The Gold And Silver Markets This article sums it up nicely. What a pity our Reserve Bank no longer holds gold bullion. Oct 12, 2009, 22:27 Newsletters : 2009 Newsletters : 23 October 2009 Mexico's Hugo Salinas Price interviewed by King World News The most important things for a country that would be wealthy is that the government be small and hence taxes low and that the country should have sound money. Hugo Price has lived through the trauma of these things not happening. "Hugo Salinas Price, president of the Mexican Civic Association for Silver, was interviewed for about 20 minutes Friday by Eric King of King World News. They discussed the trauma of currency devaluation, the use of the U.S. dollar as a system of imperial taxation on the world, and the necessity of a means of real settlement of international trade, the dollar not really being one, since so many dollars are used only to purchase more U.S. government debt, which leaves open the obligation to pay. They also discussed Salinas Price's plan for remonetizing silver in Mexico, the land of silver. You can listen to the interview at the King World News Internet site here." [ Visit Website ] Oct 12, 2009, 12:08 Newsletters : 2009 Newsletters : 23 October 2009 Quote for the Week Alan Greenspan said what? “Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.” From "Gold and Economic Freedom" a 1966 Essay by Alan Greenspan Oct 10, 2009, 11:06