Last Updated: Oct 22nd, 2010 - 15:35:08 Newsletters : 2009 Newsletters : 27 February 2009 Thought for the Day Our previous Labour governments have spent much time and energy making it more difficult and potentially more expensive for businesses to hire staff. Stories of staff rip-offs are legion. The power of the unions has been enhanced and the government has used tax-payers' money to pay the union fees of government workers. All this to make the workers' job better paid and safer. At the same time they have loaded down the businesses with excess regulation and legislation until they are now stumbling under the weight of bureaucratic overhead. The economy can no longer carry the weight. So 400,000 small businesses are forced to tighten their collective belts just to survive and they are all considering how to lower their wage bill - usually the most expensive part of running a small business, or any business come to that. If each business reduces its staffing by only one staff member we are in deep trouble with 400,000 newly unemployed. How safe are our jobs now? The only way to get more REAL Jobs in our economy is if the private sector hires more people. Let us make it very easy to hire someone and also very easy to fire someone. That way the local entrepreneur might be prepared to "give somebody a go". Without a complete change in our approach to employment law we are destined for many thousands more unemployed. Feb 27, 2009, 12:26 Newsletters : 2009 Newsletters : 27 February 2009 The Case for Natural Money This is the single most important topic in the world today. Have you ever wondered why ordinary economists work only for governments and banks? It is only banks and governments that need economists to explain their contention that paper money and all its consequences are good for people. The only group of people in the world who benefit from paper money are governments and bankers. Borrowers who get in early in the booms do well as their debts are inflated away and if they are quick enough they can repay their debts with devalued money before the bust strikes. As we have seen with the Finance Industry in New Zealand so many get stuck with the problem and ordinary citizens lose their life savings. So bankers and governments and their PR groupies (the economists) have brought us to this world wide paper money crisis. They are now proposing to solve this problem by printing Trillions of dollars more. They know so little of the consequences of their actions that they could not even predict our current recession(?) until 5 months after it had started. [ Visit Website ] Feb 25, 2009, 12:14 Newsletters : 2009 Newsletters : 27 February 2009 China Prepares to Buy Foreign Oil Companies And so we see the world order changing before our very eyes. America applying to China to continue buying up their debt and China using its wealth to buy up commodity companies around the world. China as a nation has been around for 6000 years. They have probably learned a thing or two about negotiating! Feb 24, 2009, 11:20 Newsletters : 2009 Newsletters : 27 February 2009 Silver; Past, Present, Future - Phoenix Silver Summit Speech One of the advantages of searching for answers to our economic problems with an open mind is that anything and everything can get sucked in and compared and related to all the other information floating around the internet. Some of the best analyses start from investment advisors and traders working in the real world who have studied Austrian Economics as espoused by the Ludwig von Mises University in Atlanta and their understanding makes their advice uniquely valuable. Every cloud has its silver lining - so to speak. [ Visit Website ] Feb 24, 2009, 11:06 Newsletters : 2009 Newsletters : 27 February 2009 Will Germany Deliver on Devil's Bargain of Monetary Union? The paper money trap is tightening. There is no escape. The more the nations of the world struggle to solve the unsolvable the longer the remedy will take. Every attempt in the past to use paper money instead of real money has ended in disaster - from China in 900AD to Zimbzbwe in the present time. Our sophisticated political/banking complex is just lasting longer than most. Feb 24, 2009, 10:31 Newsletters : 2009 Newsletters : 27 February 2009 Clinton Urges China to Keep Buying Treasuries It is a well known fact that when a country announces its intention with regard to foreign currency exchange that it intends to do just the opposite. Actually I don't know that this is a fact and I haven't collected any statistics but the cynical people that I read all say so! Would China really do what Hillary Clinton asks on her first visit? She says so. Feb 23, 2009, 12:13 Newsletters : 2009 Newsletters : 27 February 2009 Soros Sees Collapse, Volcker Says it's Faster Than Great Depression George Soros is the man who predicted the collapse in the pound and made one billion dollars overnight by betting against the "rock solid" British Pound. Paul Volker was the man to save the USA when high inflation threatened financial destruction in the 1980s. When they speak it pays to listen carefully. Feb 23, 2009, 11:32 Newsletters : 2009 Newsletters : 27 February 2009 Gold Primed to be 'Mania Asset' The Financial Times of London is starting to get the message! Feb 20, 2009, 14:46 Newsletters : 2009 Newsletters : 27 February 2009 An Interview With Steve Forbes Steve Forbes is President and Chief Executive Officer of Forbes and Editor-in-Chief of Forbes magazine. He offers a very interesting perspective on the world. Feb 20, 2009, 12:54 Newsletters : 2009 Newsletters : 27 February 2009 Your Bonuses Are Safe The people of America are starting to catch on. Things could get very nasty. [ Visit Website ] Feb 19, 2009, 12:01 Newsletters : 2009 Newsletters : 27 February 2009 Gold Hits Record Against Euro on Fear of Zimbabwe-like Policies As predicted, the paper money system run by the nations of the world is in big trouble. This is a natural consequence of the moral hazards produced when "easy" money is provided by governments and banks. First we get the boom and then we get the bust. I call this REAL Economics because knowing this theory enables me to predict economic events in the REAL World while the economists employed by the banks and the governments are still predicting more of the same as "last year". Furthermore, I know that every foray into paper money by nations in the past has ended in disaster and a return to a gold or silver standard. Nixon killed what was left of the gold standard in 1971 and we are on the well worn path following Zimbabwe. The difference now is that I am not predicting it - reporters are reporting it. We may put off the evil day of paper money collapse and spend some years in the Japanese style government run economy slowly running down but eventually the governments will succeed in printing enough paper money to succeed in their attempts to relive the inflationary boom times again. The result of this is inevitable. Feb 19, 2009, 11:06 Newsletters : 2009 Newsletters : 27 February 2009 Veiled in Darkness Dreadful economic results in Japan suggest that things will only get gloomier. Feb 18, 2009, 11:22 Newsletters : 2009 Newsletters : 27 February 2009 Cut Taxes for the Right Reasons REAL Economics is relatively easy to understand provided the basic concepts are understood. This article explains why Keynes got it wrong. [ Visit Website ] Feb 17, 2009, 13:51 Newsletters : 2009 Newsletters : 27 February 2009 Banks Should Raise Prices in a Recession Have our Central Banks got it exactly wrong? [ Visit Website ] Feb 16, 2009, 16:19 Newsletters : 2009 Newsletters : 27 February 2009 The Insolvency of the Fed By some accounting the banking system in the US is insolvent. That is, its liabilities outweigh its assets. But the Federal Reserve Bank stands behind the banking system keeping everything afloat. Is it possible for the Federal Reserve to fail its mission? [ Visit Website ] Feb 16, 2009, 16:07 Newsletters : 2009 Newsletters : 27 February 2009 If Eastern Europe Falls, World is Next Central Banks around the world are now printing paper money in an attempt to start growth again in their deflating economies. The IMF is busy supplying money to the more desperate nations and is starting to worry about not having enough of the readies. Could the IMF supply world money by just printing it? Europe does not have a central bank in the same way that other nations have. Can the IMF cover for it? Feb 16, 2009, 13:52 Newsletters : 2009 Newsletters : 27 February 2009 Capitalism Needs a Sound-Money Foundation When the Wall Street Journal starts publishing articles advocating a return to the Gold Standard for money people may begin to sit up and take notice. I hope so. [ Visit Website ] Feb 16, 2009, 11:47 Newsletters : 2009 Newsletters : 27 February 2009 Quote for the Week "... as all history informs us, there has been in every State & Kingdom a constant kind of warfare between the governing & governed: the one striving to obtain more for its support, and the other to pay less. And this has alone occasioned great convulsions, actual civil wars, ending either in dethroning of the Princes, or enslaving of the people. Generally indeed the ruling power carries its point, the revenues of princes constantly increasing, and we see that they are never satisfied, but always in want of more. The more the people are discontented with the oppression of taxes; the greater need the prince has of money to distribute among his partisans and pay the troops that are to suppress all resistance, and enable him to plunder at pleasure. There is scarce a king in a hundred who would not, if he could, follow the example of Pharaoh, get first all the peoples money, then all their lands, and then make them and their children servants for ever ..." Benjamin Franklin (1706-1790) US Founding Father - Source: before the Constitutional Convention, (June 2, 1787) Feb 15, 2009, 12:24