Last Updated: Oct 22nd, 2010 - 15:35:08 Newsletters : 2010 Newsletters : 9 July 2010 Thought for the Day The news this week is rather gloomy I'm afraid. The world economy is irretrievably enmeshed in debt and the only way out is less borrowing, less spending and less tax to encourage more work. This way we have some chance of increasing our wealth and paying off the debts that we have accumulated. We are not too badly off, here in New Zealand. Debts are being expunged and people are losing their life savings but our debts are not increasing. Some of us learned our lesson in the 1990 downturn. Our government is not unduly in debt but its debts are increasing by $10 billion per year which is not good. Hopefully our leaders are observing the tar-pit of debt that has got most other Western Welfare States ensnared and is finding a way out. The steps we are currently taking are rather timorous but perhaps as people see the danger we can all pluck up courage and take more positive steps towards prosperity. Jul 9, 2010, 14:05 Newsletters : 2010 Newsletters : 9 July 2010 Obama's 'Presidency in Peril' or 'Failed President?' The thing that Obama really understood very well indeed was, how to get elected. He even won a Nobel Prize for his effort. When he was saying, "Yes we can." He was meaning yes we can get elected. Now that he is elected President of the United States he must be wondering why it is turning out so badly. [ Visit Website ] Jul 9, 2010, 13:17 Newsletters : 2010 Newsletters : 9 July 2010 With the US Trapped in Depression, This Really is Starting to Feel Like 1932 The funny thing is that I am a very optimistic person by nature. I always see the sunny side and enjoy life. I have found that understanding the truth helps a great deal in developing this attitude. It is unfortunate that the truth about our economic status shows a looming disaster in most Western Welfare States and China is about to turn down. But, as my old Granny said, "Any day above ground is a good day". And the sun is beginning to shine again. [ Visit Website ] Jul 9, 2010, 12:12 Newsletters : 2010 Newsletters : 9 July 2010 Europe’s ‘Toothless’ Bank Tests Making Matters Worse What can I say? The Europeans are still trying to instill confidence into a skeptical market. [ Visit Website ] Jul 9, 2010, 11:49 Newsletters : 2010 Newsletters : 9 July 2010 Race to Debase - Middle 2010 Two very interesting tables, showing how fiat currencies are debasing themselves against gold and silver. Some of the individual country's results may surprise you. You may need to find the article reference. [ Visit Website ] Jul 8, 2010, 14:45 Newsletters : 2010 Newsletters : 9 July 2010 Paper Gold vs the Dollar? Interview with James Rickards The plot thickens. Russia and China are not just hanging around waiting to take a beating from the US. The thrust for world dominance is entering a new phase. REAL Money is not called REAL for nothing. [ Visit Website ] Jul 8, 2010, 14:13 Newsletters : 2010 Newsletters : 9 July 2010 Time to Shut Down the Federal Reserve? Ambrose is just a journalist. He knows more about economics than most economists. Jun 30, 2010, 18:41 Newsletters : 2010 Newsletters : 9 July 2010 Fed Looks to Hyperinflate The future is now getting set in concrete. This will be a scary ride. [ Visit Website ] Jun 29, 2010, 18:01 Newsletters : 2010 Newsletters : 9 July 2010 Ruling The World of Money Absolutely fascinating account of who is running the world. This was written in 1983 - Imagine what is happening now! [ Visit Website ] Jun 29, 2010, 11:41 Newsletters : 2010 Newsletters : 9 July 2010 The Third Depression Paul Krugman can see the parallels with the Great Depression just like an historian, but he completely fails to understand the cause. He believes that continuing to borrow and print money and push it out into the economy at 0% interest rate is the solution to the problems brought about by too much debt?!?!? Japan has been doing this for 20 years. Now they have a BIG problem. Bernanke has pushed out over $2 Trillion over the last two years and America is now looking at the abyss. When you read his article you will discover that he talks around the problem without ever trying to explain the cause or to produce any logical connections showing how this happened and how his idea will work. And this is from a Nobel Prize winning economist. Unbelievable! [ Visit Website ] Jun 29, 2010, 10:17 Newsletters : 2010 Newsletters : 9 July 2010 Chairman Greenspan: A Fiat Mind for a Fiat Age Phew! This is strong stuff. [ Visit Website ] Jun 28, 2010, 18:03 Newsletters : 2010 Newsletters : 9 July 2010 Dollar Peg is Dead as China Announces Yuan's Flexibility China money now standing on its own two feet. Jun 28, 2010, 16:53 Newsletters : 2010 Newsletters : 9 July 2010 Russia Pushes Again For New Reserve Currencies Who would have thought it, Russia proposing the ruble as a reserve currency. Jun 28, 2010, 16:45 Newsletters : 2010 Newsletters : 9 July 2010 RBS Expects 'Monster' Money Printing by Fed We are a long way from being out of the woods. We are not even half way through! Jun 28, 2010, 15:40 Newsletters : 2010 Newsletters : 9 July 2010 Manipulative Derivatives in Gold and Silver Keep Growing And so the pressure builds! Jun 28, 2010, 10:51 Newsletters : 2010 Newsletters : 9 July 2010 Can Gold Cause the Boom-Bust Cycle? Beware this may cause thinking. [ Visit Website ] Jun 27, 2010, 14:21 Newsletters : 2010 Newsletters : 9 July 2010 Quote for the Week We have two classes of forecasters: Those who don’t know and those who don’t know they don’t know. John Kenneth Galbraith. Jun 9, 2010, 14:00