Economic snapshot

| January 4, 2010

The world economy is still operating under the master paradigm we outlined in our October post, How to interpret trends. The global economists and speculators on TV talk happy talk about how the Depression scenario was avoided by massive infusion of central bank stimulus, and they are predicting that the world economy is on the […]

Failing socialist states

| December 31, 2009

An overview of states’ budget problems at Dollars and Sense. States are running revenue shortfalls that average 24 percent. The big problems: states run welfare programs employing vast numbers of bureaucrats. The federal government currently supplies around 20 percent of states’ budgets, for Medicare. Neither of these trends is sustainable. Each state is faced with […]

Unstable debt

| December 2, 2009

Everyone (except the Left) is aware by now that there is too much debt in the world. The high relation of debt to real assets is causing every country and every sophisticated investor around the world to try to figure out how to get out of dollars and into tangible assets. This means, every smart […]

Bill to audit Fed passes committee

| November 23, 2009

MarketWatch reports on Ron Paul’s bill to audit the Federal Reserve, now approved by the House Financial Services Committee. Ron Paul’s commentary.

Helping the West commit suicide

| October 17, 2009

Reuters is the vehicle for pro-euthenasia propaganda from Britain, where doctor-assisted suicide is supposedly gaining in popularity. The article gets into the financial aspect of socialized medicine part way through: “It is good holistic palliative care, not medical killing which is the answer to the real distresses of so many people when contemplating natural death,” […]

How to interpret trends

| October 16, 2009

Economic observers are split into two camps, doomsday prophets and cheerful global recoverists. We expect an unpredictable middle path with surprises, some ugly. We are less certain about the economy than we are about the global socialist takeover, which appears inevitable. Orient your thinking toward both scenarios and weigh your options from your unique position. […]

Unemployment rising

| October 12, 2009

On the Wall Street TV shows the talking heads agree that “the worst is over” as stock markets recover from the global financial crash. Their conventional wisdom is, now is a good time to get back into the market. Housing prices may be nearing a bottom, and manufacturing and trade are picking up again. The […]