|Last Updated: Mar 25th, 2013 - 16:46:15
Thought for the Day
The only way that humans can improve their living conditions on this earth is by the application of scientific thought to the problems we face. Our living standard today was achieved after we provided more freedom for the individual to follow their own star and this led to amazing developments in technology which was made available to us all by the natural wonders of capitalism.
This release to freedom of the individual and natural capitalism is exemplified by China's rise to riches after the death of socialism within its borders.
Socialists, now calling themselves social-democrats, would destroy this flowering of humanity with firm control by Nanny State. Chris Trotter explains how in this morning's DomPost.
I prefer REALITY.
Jul 25, 2008, 12:14
Inflation Deflation Red-flation Blue-flation
One of the places to look for the truth about money and what is happening to our financial world today is in the world of investments. Intelligent, well educated and highly motivated people are trying very hard to ensure that their clients increase their wealth no matter what governments do to the money supply or how they impede the private sector.
Matthew Beller is a former employee of the Federal Reserve Board of Governors and the Securities and Exchange Commission. He currently works for a private investment firm in Los Angeles.
In this article he explains just exactly what inflation and deflation are and how this affects us. His references are all about the USA but apply just the same to any other country including New Zealand.
Our government has had a select committee inquiry into the causes of inflation. This article gives the answer precisely. Unfortunately our current government will take no notice.
[ Visit Website ]
Jul 25, 2008, 11:58
The Inovator, the Imitator and the Idiot
"“Buffett once told me,” he said, “there are thee ‘I’s’ in every cycle. The ‘innovator,’ that’s the first ‘I.’ After the innovator comes the ‘imitator.’ And after the imitator in the cycle comes the ‘idiot.’” We’re in the idiot phase now, he says."
I have found in my watching of the "Web Waves" that the people who come closest to the truth about the economies of the world are those investors who understand the foundations of Austrian Economics.
They have predicted this future we are now experiencing where no other group except the Austrian Economists themselves had a clue about what was happening.
The reason that these investors follow the Austrian Economic ideas so closely is because it helps them to understand REALITY so much better than normal economists. Thus they can make better investment decisions.
Some of this information I pay for, and some just wafts for free across the Web Waves. Here for your information is some of the latter, from Chris Mayer.
Jul 24, 2008, 11:22
Mariana Fights Inflation, 1605
Last year the government convened a Select Committee Inquiry into the causes of inflation. I provided information from the Austrian School of Economics about the cause of inflation.
Interestingly the cause of inflation was well understood 400 years ago by Father Juan de Mariana - a Jesuit Priest.
Are we really entering the "Dark Ages" of economics?
Jul 24, 2008, 10:52
World Economy In Greatest Danger
Central Bankers are not all-powerful.
The world economies are in danger of major retrenchment as the money wells dry up.
Ambrose reads the tea leaves!
Jul 21, 2008, 19:54
The Economic Outlook - Speech to Diplomatic Club Luncheon
Dr. Cullen gave this speech at the end of February 2006.
Subsequently New Zealand dropped two places in the OECD and this year the economy has tanked.
Why do the people in charge have such little insight?
Jul 21, 2008, 10:56
Quote for the Week
Believe nothing just because a so-called wise person said it. Believe nothing just because a belief is generally held. Believe nothing just because it is said in ancient books. Believe nothing just because it is said to be of divine origin. Believe nothing just because someone else believes it. Believe only what you yourself test and judge to be true.
Buddha - Hindu Prince Gautama Siddharta
Jul 5, 2008, 13:07