Last Updated: Nov 4th, 2010 - 14:15:31 Newsletters : 2010 Newsletters : 27 August 2010 Thought for the Day I was in Australia last week and during the elections one Queensland candidate bemoaned the dearth of tourists in his fine state. I happened to be in Palm Cove which is a delightful part of Cairns' "Beach suburbs". Unfortunately things are getting a little tight on the money front and one large complex of apartments was in receivership. One of apartment was purchased two years ago for $750,000 and is now for sale at - "Make me an offer in the upper $400s." 40% decline in two years doesn't look good. Maybe Australia is not immune from the property bubble bursting after all. We are all subject to the laws of REAL Economics - whether we are Keynesians or not! Aug 27, 2010, 12:49 Newsletters : 2010 Newsletters : 27 August 2010 There Will Be No Double Dip I started studying economics five years ago because I was interested in how I could help New Zealand become a wealthy country so that we could all share in the good (expensive) things in life. I was very concerned that we seemed to be slipping backwards and wondered what we could do to reverse the negative trend established by Helen Clark's Labour government. The answer after much study is just what makes good common sense; Have a very small government with the minimum of regulation and low taxes, and then let the people get on with what we all do naturally - look after our own best interests. Unfortunately it is politically impossible to achieve this desirable goal and for the last three years it has become increasingly obvious that we are in serious trouble. Egon is a REAL Investment Adviser like Doug Casey and a small number of others who provide advice to billionaires as well as just ordinary folk. They have also discovered REAL Economics and are concerned that their readers have the very best of advice about preserving their wealth. They have come to the same conclusions as I have reached and Egon sums up the present situation very well in this article. The prognosis is not good. [ Visit Website ] Aug 26, 2010, 10:47 Newsletters : 2010 Newsletters : 27 August 2010 As Dollar Slides, Safe-Haven Options Shrink The Wall Street Journal almost talks itself into understanding the truth - but not quite! Aug 25, 2010, 21:18 Newsletters : 2010 Newsletters : 27 August 2010 Gold Manipulation: Central Banks Are Now in Deep Trouble "Economics is haunted by more fallacies than any other study known to man" - Henry Hazlett. The future is certain - only the timing is unknown. [ Visit Website ] Aug 25, 2010, 10:09 Newsletters : 2010 Newsletters : 27 August 2010 Tensions Rise in Greece as Austerity Measures Backfire An economy is a natural thing and when it is bent all out of shape with paper money, debt, socialism and the welfare state things struggle to get back to the natural form. The bigger the bend the bigger the rebound! [ Visit Website ] Aug 24, 2010, 17:32 Newsletters : 2010 Newsletters : 27 August 2010 Gold Market is not “Fixed”, it’s Rigged The Federal Reserve Bank of America was founded in 1913 and the gold standard started to disappear. By the 1960s the money manipulators were striking trouble. The story warms up. [ Visit Website ] Aug 24, 2010, 17:16 Newsletters : 2010 Newsletters : 27 August 2010 The Failure of the Second London Gold Pool The money thing is rising to a crescendo. [ Visit Website ] Aug 24, 2010, 16:58 Newsletters : 2010 Newsletters : 27 August 2010 America no Longer Needs Chinese Money, For Now I think the last paragraph sums up the situation rather nicely. This will be an exciting ride! [ Visit Website ] Aug 24, 2010, 13:41 Newsletters : 2010 Newsletters : 27 August 2010 Quote for the Week The only freedom deserving the name, is that of pursuing our own good in our own way, so long as we do not attempt to deprive others of theirs, or impede their efforts to obtain it. Each is the proper guardian of his own health, whether bodily, or mental and spiritual. Mankind are greater gainers by suffering each other to live as seems good to themselves, than by compelling each to live as seems good to the rest. John Stuart Mill (1806-1873) English philosopher and economist - Source: On Liberty, 1859. Aug 12, 2010, 12:46