I’ve been pretty busy, so I’m going to post some very interesting articles.
by The Mogambo Guru
My brain went into some kind of weird spasm when Zhou Xiaochaun, head of the People’s Bank of China, went on record as saying that he doesn’t trust the dollar to be the world’s reserve currency anymore, and wants, instead [...]
The Secretary of Treasury Timothy Geithner wants to have the power to take over firms just like the FDIC has the power to take over banks when they are going under and they will “impact the economy.” Do you know what kind of governments take over companies? The communist/fascist/socialist/nazi kinds. It is the kind of [...]
It is time to buy some gold, or silver, platinum, palladium, copper, etc. The federal reserve has doubled the monetary base in a very short time. Against all reason it has also monetized debt. Something that comes as a huge surprise because it is a highly inflationary move according to Leonard Kaplan, of Prospector Asset [...]
If you have 75 free minutes, take a look at this video. It is a very good explanation by Peter Schiff, president of Euro Pacific Capital, of the reasons for the current economic crisis.
Here’s a little taste.
“Instead of putting Berny Maddof in jail, we should have made him Secretary of the Treasury. Because he’s got [...]
I suppose it is time to take on this AIG bonus controversy. First, let us ignore the fact that AIG probably should be in receivership with a bankruptcy court deciding its fate right now. The economy needs to get rid of the junk companies such as AIG to free up resources elsewhere. By propping up [...]
I am back in Chicago, so expect me to start posting again soon. Until then, here’s an interesting essay from an old copy of the Libertarian Enteprise. It is an intersting essay about the depression caused by the british government (much like the current recession) that lasted from 1722 until 1782 that was much more [...]
Here are a few thoughts on Obama’s proposed tax structure. He proposes that he will lower (or keep the same) taxes on everybody that makes less than $250,000 a year. He also says he will halve the deficit by the end of his first term which would bring it approximately back to the 2008 [...]
The failure of socialism has happened time and time again, yet people still call for more socialistic policies. Almost everyday I hear somebody on the news talking about nationalizing banks. This is an absolutely ridiculous idea, that will only worsen the current economic crisis.
As Lew Rockwell points out in his recent article, Ludwig Von Mises [...]
It is unfortunate, but I think that it is going to get much worse before it gets better. Sometimes I think maybe it would be better for the liberty movement to stop altogether and let the socialist move fast enough that people realize how bad it really is. Don’t slowly bring the water the frog [...]
