Two kinds of economists exist in the world: those who know first-hand the inner-workings of the economy and those who theorize about how they think it should work and implement policies that have the opposite effect intended. That is the story of the difference between the Austrian school of economics and Keynesianism. One view is [...]
Posts Tagged ‘Economics’
The Real Issue with Dubai’s Debt
Dubai is just a harbinger of things to come for sovereign debt – Jeremy Warner
These are the exact things Peter Schiff and Gerald Celente were warning about a while back. The issue with this surprise Dubai news is not that they may default on $80-90 billion in debt (the news that came out today). Rather, [...]
Russia Today with Gerald Celente on the Economy
Gerald Celente discusses the current status of our economy with Russia Today. In posting this, it is not an attempt at fear-mongering, but simply to point out what needs to be heard so we elect leaders who know what they’re doing to get us out of this. Frankly, even most Republicans don’t seem to understand [...]
Discussion of a Financial Coup D’Etat on our Economy … on PBS
http://www.pbs.org/moyers/journal/10092009/watch.html
(For the record, I do not necessarily agree with every view in this interview. As far as Moore is concerned, I agree with him concerning the assessment of the problems, that bankers (though I would add the government intertwined with the bankers) have created the problems. But I do not agree with his assessment that [...]
Dumping the Dollar in the Middle East, Russia, China, Japan, and France?
From the Independent: The demise of the dollar:
“In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and [...]
Ambrose Evans-Pritchard on the Real Cause of the Crisis
Germany declares economic war
“… Banks did not cause this global crisis. Governments around the world caused the crisis by forcing down the price of credit (Greenspan, Bank of Japan, and ECB on short rates: China et al on long rates, by flooding the global bond market) far too low for many years, encouraging debt. Banks [...]
Why the Concern Over Global Governance?
In all reality, we’re already there to some degree. The infrastructure has been put in place for the past 50-60 years. It’s getting switched on now. When a global governing body, in this case the WTO, begins dictating to nation-states when they can and can’t fine other countries, whether one country owes another or not [...]
Orwellian Financial Doublespeak – Update 1
This really makes you wonder who is really running the engine of this nation now: from politics to corporations to the media, it really seems to be the moneychangers now, the banks and major investment firms. And instead of the Fed addressing the “too big to fail” issue, the bailed out banks are even bigger [...]
