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| Last Updated: Oct 31st, 2008 - 11:19:59 |
Newsletters
:
2008 Newsletters
:
26 September 2008
Thought for the Day
Such a lot has happened in America and goes largely unreported out here at the far end of the Earth that I have arranged a rather larger than usual set of articles for you.
The world is in trouble with its money system and it will be touch and go as to whether we will survive or not. If we survive this round then you are forewarned - the next panic will be even worse.
In this situation, any serious discussion on how to improve the economy and get back to steady growth is a waste of breath. Let us hope that we can get a government in November that is capable of understanding the problem - then we may have a chance.
Sep 25, 2008, 12:21
Newsletters
:
2008 Newsletters
:
26 September 2008
Time For A Gold Ruble?
Every paper currency not backed by gold or silver that has ever existed has eventually inflated to nothing - just like the Zimbabwe dollar is doing now. The Chinese tried it 1000 years ago and the same thing happened. They then changed to a silver backed currency which lasted till the Americans persuaded them to change to paper in the 1930s.
Because the power of politicians, bankers and their economists depends so much on the control they get from free paper money I couldn't imagine how this cycle would break down apart from the hyperinflation route.
John Laughland has an idea.
Sep 25, 2008, 09:13
Newsletters
:
2008 Newsletters
:
26 September 2008
Gold Bugs See Vindication In Wall Street Mess
Then again it may turn out that the general public become panicked about the lack of certainty with banks and an inflating currency and go for gold themselves.
Is this starting to happen?
Sep 25, 2008, 08:31
Newsletters
:
2008 Newsletters
:
26 September 2008
Does U.S. Face A Run On Its Currency?
Ambrose, who always tells a good story seems both optimistic and pessimistic. Read on . . .
Sep 24, 2008, 16:57
Newsletters
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2008 Newsletters
:
26 September 2008
What's Behind the Financial Market Crisis?
If you want to get a better understanding of how the turmoil in the USA banking system came about then it helps to have an understanding of REAL economics as promoted by the Austrian school of economics.
Antony Mueller explains some ideas in this article.
Sep 24, 2008, 10:26
Newsletters
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2008 Newsletters
:
26 September 2008
Gold May Regain Lustre for World's Central Banks
In this world of financial turmoil with paper money it is interesting that Central Banks may be deciding to become buyers of gold rather than sellers as they have been for the last decade. This will no doubt have interesting repercussions for the price of gold - and the price of the US dollar!
Gordon Brown will be kicking himself for selling all Britain's gold at around $200 per oz in 1998.
Sep 23, 2008, 15:07
Newsletters
:
2008 Newsletters
:
26 September 2008
Economists Becoming Skeptical Of Bailout
Some economists are aware of the dangers of bailing out the busts that follow the booms. As each boom/bust pair follows the last we seem to be building up to a crescendo.
Greenspan once wrote an article (see "money" on our web site) showing that only a gold standard would do for keeping any country safe from the ravages of run-away inflation. Unfortunately when he had the chance to behave he chose to follow the "party" line and do the Keynesian thing - just print more paper money!
Sep 23, 2008, 11:24
Newsletters
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2008 Newsletters
:
26 September 2008
Almost Armageddon: Market Was 500 Trades From A Meltdown
The Plunge Protection Team promoted by Mr Bush has done its job well. Last week the markets were saved with a massive injection of money (paper) from Treasury. We are talking about US$1 Trillion.
I grew up thinking a million dollars was a huge amount of money and millionaires were few and far between. Over the past decade or two the numbers have referred more and more to Billions and now to get on the rich list in the USA you will need to be a Billionaire; mere millionaires need not apply.
Now we are talking in Trillions. The pace quickens.
Sep 23, 2008, 10:49
Newsletters
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2008 Newsletters
:
26 September 2008
U.S. Govt Has Little Idea Of What It's Doing
By and large we have seen in New Zealand that governments can set out to do good because they are convinced they know what they are doing. This is why they decided to fix the vicious dog problem by micro-chipping all dogs. In this morning's paper one more small victim lies in hospital. Obviously micro-chipping hasn't managed to change the genes of pit-bull terriers. Our Greenie led Labour government has failed us yet again.
If politicians can fail so miserably with such a simple problem (such as ban all pit-bull dogs) how will they cope with something as complex as the economy?
Yes, dear reader, you are correct. They haven't a snowball's chance in hell of fixing the problem.
What will our politicians do when the paper money tsunami hits New Zealand? We will have to wait and see. It shouldn't be too long now!
Sep 22, 2008, 13:32
Newsletters
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2008 Newsletters
:
26 September 2008
Financial Houses Would Acquire Banks To Rob Them
Market analyst, journalist, and general provocateur Max Keiser was interviewed for five minutes Thursday on Aljazeera's international English TV service about the turmoil in the financial markets, and made an especially effective point about the essentially predatory nature of the New York financial houses that are tumbling into insolvency. That is, Keiser said, in seeking to acquire ordinary banks, the financial houses are trying to steal more of the savings of ordinary people. You can watch it at YouTube here:
http://www.youtube.com/watch?v=WMUN9I0VMok
[ Visit Website ]
Sep 22, 2008, 12:46
Newsletters
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2008 Newsletters
:
26 September 2008
China’s Emergence
Out here in sleepy old New Zealand desperately trying to be the most politically correct country of all we have no idea of the forces let loose in the world today.
The most powerful of all forces is that of Capitalism. Each individual following their own destiny and employing capital and human ingenuity to increase their own wealth.
We are quietly slipping out the back door while Asia is leap-frogging the erstwhile powers of the 20th century. The scale of change and the speed is immense. This is just one example.
Sep 15, 2008, 10:52
Newsletters
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2008 Newsletters
:
26 September 2008
Quote for the Week
“Give me control of a nation’s money and I care not who makes her laws.”
— Mayer Amschel Rothschild
Jun 24, 2008, 15:03
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