Economy Archive

  • But that's entirely apart from the fact that government – and I know this assertion will be shocking to most readers – has no business creating currency or minting money. Money, of all things, should be a purely market phenomenon. Government, as an institution, inevitably and necessarily corrupts everything it touches. Money is far too important to be left to the tender mercies of the state.

    Doug Casey on Cashless Societies

    Posted on March 11, 2012 | No Comments
    But that's entirely apart from the fact that government – and I know this assertion will be shocking to most readers – has no business creating currency or minting money. Money, of all things, should be a purely market phenomenon. Government, as an institution, inevitably and necessarily corrupts everything it touches. Money is far too important to be left to the tender mercies of the state.

    Continue Reading...

  • Traditionally minded people think of “cash” as the base and not gold. Everything in this world is denominated in US Dollars (world reserve currency), not gold. Generations of humans have been taught by the bank-owned educational system that “treasury bonds” are the ultimate “safe haven”.

    Exeter’s Pyramid, CDS and Gold

    Posted on November 14, 2011 | No Comments
    Traditionally minded people think of “cash” as the base and not gold. Everything in this world is denominated in US Dollars (world reserve currency), not gold. Generations of humans have been taught by the bank-owned educational system that “treasury bonds” are the ultimate “safe haven”.

    Continue Reading...

  • Recent reports from the National Bureau of Statistics show that home prices have fallen up to 50% in many parts of the country in the period from July to September. But who gives a damn about government reports? The real evidence is on the ground.

    Boots on the ground in China: signs of a slowdown are obvious

    Posted on October 27, 2011 | No Comments
    Recent reports from the National Bureau of Statistics show that home prices have fallen up to 50% in many parts of the country in the period from July to September. But who gives a damn about government reports? The real evidence is on the ground.

    Continue Reading...

  • As with animal and plant ecology the weak should be allowed to disappear. As a financial student I see new instruments and corporation types being created and others dying out because they were not able to feed in the current market ecology.

    Financial Ecology

    Posted on September 24, 2011 | No Comments
    As with animal and plant ecology the weak should be allowed to disappear. As a financial student I see new instruments and corporation types being created and others dying out because they were not able to feed in the current market ecology.

    Continue Reading...

  • From the bears who explained quantitative easing so that even CNBC anchors now know what POMO is, comes the follow up: Inflation explained. So easy that no Ivy League Ph.D. is guaranteed to understand it.

    Inflation Explained

    Posted on April 23, 2011 | No Comments
    From the bears who explained quantitative easing so that even CNBC anchors now know what POMO is, comes the follow up: Inflation explained. So easy that no Ivy League Ph.D. is guaranteed to understand it.

    Continue Reading...

  • The phrase “Black Swan” is really making the rounds these last few months. Uttering the term a year ago would have earned you a collection of confused looks and a general attitude of disinterest. Now, people behave as if they had learned about economic shockwave events and the global domino effect when they were in kindergarten. The problem is that when this kind of terminology hits the mainstream, in most cases it comes prepackaged with dumbed down and diluted definitions which promote an inadequate, cartoonish understanding of the circumstances.

    Migration Of The Black Swans

    Posted on April 14, 2011 | No Comments
    The phrase “Black Swan” is really making the rounds these last few months. Uttering the term a year ago would have earned you a collection of confused looks and a general attitude of disinterest. Now, people behave as if they had learned about economic shockwave events and the global domino effect when they were in kindergarten. The problem is that when this kind of terminology hits the mainstream, in most cases it comes prepackaged with dumbed down and diluted definitions which promote an inadequate, cartoonish understanding of the circumstances.

    Continue Reading...

  • International monetary systems are sets of internationally agreed rules, conventions and supporting institutions that facilitate international trade, cross border investment and generally the reallocation of capital between nation states. They provide means of payment acceptable between buyers and sellers of different nationality, including deferred payment. To operate successfully, they need to inspire confidence, to provide sufficient liquidity for fluctuating levels of trade and to provide means by which global imbalances can be corrected.

    Islam and The International Monetary System

    Posted on April 9, 2011 | 1 Comment
    International monetary systems are sets of internationally agreed rules, conventions and supporting institutions that facilitate international trade, cross border investment and generally the reallocation of capital between nation states. They provide means of payment acceptable between buyers and sellers of different nationality, including deferred payment. To operate successfully, they need to inspire confidence, to provide sufficient liquidity for fluctuating levels of trade and to provide means by which global imbalances can be corrected.

    Continue Reading...

  • Simply put, if you’re a member of the elite (like Jones), you have power and influence with the people who control the system. Personally I don’t like this approach because the elite’s benefits are often gained by taking value from others; in this case, Jones’ stadium has power while my parents wait to be bailed out by the Mexicans.

    Two Ways to Survive System Collapse

    Posted on February 14, 2011 | No Comments
    Simply put, if you’re a member of the elite (like Jones), you have power and influence with the people who control the system. Personally I don’t like this approach because the elite’s benefits are often gained by taking value from others; in this case, Jones’ stadium has power while my parents wait to be bailed out by the Mexicans.

    Continue Reading...

  • The whole idea of GDP gives the impression that there is such a thing as the national output. In the real world, however, wealth is produced by someone and belongs to somebody. In other words, goods and services are not produced in totality and supervised by one supreme leader. This in turn means that the entire concept of GDP is devoid of any basis in reality. It is an empty concept.

    What Is Up With The GDP?

    Posted on February 4, 2011 | No Comments
    The whole idea of GDP gives the impression that there is such a thing as the national output. In the real world, however, wealth is produced by someone and belongs to somebody. In other words, goods and services are not produced in totality and supervised by one supreme leader. This in turn means that the entire concept of GDP is devoid of any basis in reality. It is an empty concept.

    Continue Reading...

  • The Dow plunging 700 points is blamed on a perfect storm that, for some reason, takes place every two weeks.

    Daily Show: A Nightmare on Wall Street

    Posted on December 24, 2010 | No Comments
    The Dow plunging 700 points is blamed on a perfect storm that, for some reason, takes place every two weeks.

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