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| Last Updated: Aug 15th, 2008 - 11:26:43 |
Newsletters
:
2008 Newsletters
:
25 April 2008
Thought for the Day
As Michael and the Banshees survey the economic wreckage spreading out before them and watch 70,000 New Zealanders heading off every year for the pot of gold at the end of the rainbow (in the land of Oz), they must surely feel some hint of remorse at making things so bad.
Do they understand that things are about to get much worse?
Apr 24, 2008, 10:41
Newsletters
:
2008 Newsletters
:
25 April 2008
Bold Steps Needed To Arrest Slide
I have found information about many countries that can do it better than New Zealand. I have also found many people who can explain our problem and provide a solution and who can say it better than I.
This article appeared in the NZ Herald earlier in the month and tells the same old story about Labour's effort on the economy. We didn't change our winning ways by accident. We didn't fall into the bottom quarter of the OECD by accident. The government made it happen.
The simple unavoidable fact is that individuals in the private sector generate the wealth from which we all get our standard of living and it is the government that reduces our wealth by taking a large proportion of that wealth in taxes and wastes about a third of it. Big government means poor people.
But Rob McLeod puts the case so much more clearly in this article.
Apr 24, 2008, 10:13
Newsletters
:
2008 Newsletters
:
25 April 2008
The REAL Cost Of Inflation
The Mail's Cost of Living Index reveals food prices rising at SIX times official figures.
It is time that someone provided realistic figures for the effects of inflation. Different groups of people buy different things from week to week. We need an "Old Age Pensioners" inflation figure and a Middle Income Couple inflation rate and a Young Singles inflation rate, each tracking the cost of what these groups typically purchase.
Our current CPI and its oft quoted cousins the Headline Inflation Rate and the Core Inflation Rate are designed to confuse and bamboozle rather than to enlighten the populace.
Someone else has noticed this problem and written about it in the Daily Mail. Nanny State's statistics need revisiting.
[ Visit Website ]
Apr 23, 2008, 16:52
Newsletters
:
2008 Newsletters
:
25 April 2008
Bank of England Unveils Huge Bond Swap Operation
As we have seen, as soon as the banks move away from a strict gold standard they are on a slippery slope to the big bust.
When Commercial banks cannot meet their obligations to their depositors they rely on the Central bank to provide cash (paper money called "liquidity" so it sounds better) to bail them out. Politicians like this arrangement since they can use the Central banking facility to provide them with cash when needed which is less obvious to the average punter than raising taxes. This enables George W Bush, for instance, to wage war at a cost of $1 Trillion against Iraq and Afganistan without raising taxes to pay for it. This $1 Trillion then depreciates by 10% each year and the debt which will fall on future generations will be smaller and smaller each year. What a good scheme. A bit like New Zealanders borrowing a 100% mortgage, never bothering to pay it back and seeing it become smaller and smaller when compared to the price of the property with each passing year.
A GIANT PONZI SCHEME.
The Bank of England is struggling with this problem right now. This unfolding story should be very instructive!
Apr 22, 2008, 10:26
Newsletters
:
2008 Newsletters
:
25 April 2008
Has Capitalism Failed?
Ron Paul explains how far the American Way is from the principles of capitalism. It is because Americans are not following capitalistic principles that we see the current problems of the Credit Crunch and the Derivatives Disaster.
It is democracy that produces politicians prepared to buy votes from tax money. This then produces distortions in the capitalist economy as they provide special favours for friends. The Americans call it "pork barrel" politics.
Dr. Paul is running for President of the United States and has a large popular internet following - once raising $6,000,000 in one day with donations over the net.
He is a medical doctor and a very interesting guy.
[ Visit Website ]
Apr 17, 2008, 12:56
Newsletters
:
2008 Newsletters
:
25 April 2008
Central Banks Face Custer's Last Stand With Gold
To develop a sound and growing economy we need small government, maximum freedom of the individual, property rights, justice that is always done and seen to be done, an uncorrupted police force and a sound money system.
World wide paper money is the major problem we all face. Politicians seeking elections and bankers seeking riches work together to issue easy credit and the inevitable happens. Booms and busts.
One hundred percent gold money is the only stable influence that can restrain politicians and bankers. See how they strain to hide the problem from us in this article by John Embry.
[ Visit Website ]
Apr 14, 2008, 11:26
Newsletters
:
2008 Newsletters
:
25 April 2008
Petrodollars and Inflation
Fascinating account of world money problems. Did you know that current IMF regulations prohibit its members from backing their currencies with gold? I wonder why?
[ Visit Website ]
Apr 13, 2008, 17:23
Newsletters
:
2008 Newsletters
:
25 April 2008
Oh Keynesian, Where Art Thou?
Now this is an article to gladden the heart of REAL economists. Unfortunately it shows again that paper money and the Central Bankers will eventually end up with hyperinflation. Worse still this will tend to produce more and more central command over the economy in a desperate effort to retain control and this will spiral us into socialism with the State controlling all aspects of money and therefore of the economy.
No wonder we regard economics as the "dismal science".
Apr 9, 2008, 10:57
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