The Bubble Goes Bang

I, Pencil | by Leonard E. Read

2010-10-08T21:18:00.001+01:00

------------------------Check out the rest of this blog here.

The Sunset of the State

2010-08-07T13:38:00.000+01:00

------------------------Check out the rest of this blog here.

Price inflation simultaneous with monetary deflation

2010-08-02T16:59:00.002+01:00

Shadowstats US CPI well over 5% while M3 contracts !What will price inflation be when M3 goes positive starting with QE2 ?------------------------Check out the rest of this blog here.

1976 video clip of M King Hubbert speaking about peak oil hitting between 1995 and 2005

2010-07-31T14:02:00.005+01:00

http://en.wikipedia.org/wiki/M._King_HubbertSaudi Aramco’s crude oil exports peaked in 2005Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy------------------------Check out the rest of this blog here.

Aussie house bubble next to pop ?

2010-07-27T15:31:00.001+01:00

The Broyhill Letter (Q2-10) ------------------------Check out the rest of this blog here.

Milton Friedman 1980 Documentary: Free to Choose

2010-07-16T21:44:00.004+01:00

Free To Choose was an award winning PBS television series featuring the Nobel Prize-winning economist Milton Friedman. 10 films make up the series, each featuring a short documentary where Milton Friedman presents his views on a given topic followed by a discussion and debate with various participants including politicians, academics, business people, et al. In general the views expressed are

Bear markets 2007 versus 1973

2010-07-12T17:31:00.002+01:00

http://www.businessinsider.com/so-hows-our-stock-market-recovery-doing-2010-7------------------------Check out the rest of this blog here.

Derivatives make BP too big to fail

2010-07-03T12:39:00.006+01:00

In fact, there isn’t that much of a difference between BP and Lehman Brothers – both have been among the major players in the unregulated $615 trillion OTC derivative market. If BP is forced to file for bankruptcy, it will probably have an even greater negative impact on the financial markets than the Lehman failure caused.http://econotwist.wordpress.com/2010/07/02/

Scariest job chart ever

2010-07-03T12:27:00.004+01:00

------------------------Check out the rest of this blog here.

Why the Abandonment of the Gold Standard is Responsible for the World's Sovereign Debt Crises

2010-06-21T18:18:00.000+01:00

The abandonment of the gold standard in 1971 is closely tied to the massive unemployment the industrialized world has suffered in recent years; Mexico, even with a lower level of industrialization than the developed countries, has also lost jobs due to the closing of industries; in recent years, the creation of new jobs in productive activities has been anemic at best.The world’s financial press,

When you price the Dow in gold you see that there were no rallies since 2001

2010-06-09T15:39:00.003+01:00

Are we due for another big move ? Either up in gold or down in stocks or both ?http://blog.afraidtotrade.com/dow-jones-priced-in-gold-long-term-view-june-8/------------------------Check out the rest of this blog here.

Higher education's bubble in the US

2010-06-06T21:08:00.005+01:00

Coming to the UK soon. Universities will be allowed to charge students what they like. However universities will not be privatised and they will partner with the government and banks to create any number of get-into-debt schemes that will be pushed on students !It's a story of an industry that may sound familiar.The buyers think what they're buying will appreciate in value, making them rich in

Gold could easily double from its current price of about $1,200 an ounce because it's really a hedge against financial instability

2010-06-05T14:38:00.001+01:00

Lots of gold bugs burrow into the precious metal because it's thought to be the ultimate hedge against inflation. Given that the U.S. national debt just passed the $13 trillion mark (or about 90% of GDP), it's not too hard to imagine a dark day of reckoning for the purchasing power of the almighty dollar not too far down the road.But it turns out that gold isn't really much of an inflation hedge

Was the flash crash the tipping point ?

2010-06-03T23:23:00.001+01:00

Confirming the Flash Crash Omen ------------------------Check out the rest of this blog here.

Cutting government spending stimulates the economy

2010-06-01T15:10:00.002+01:00

Historically minded readers may be saying, "There was a Depression in 1946? I never heard about that." You never heard of it because it never happened. However, the "Depression of 1946" may be one of the most widely predicted events that never happened in American history. As the war was winding down, leading Keynesian economists of the day argued, as Alvin Hansen did, that "the government cannot

The Euro doesn't work economically and now it doesn't even work politically

2010-06-01T10:44:00.003+01:00

The Czech Republic has not made a mistake by avoiding membership in the eurozone so far. And we are not the only country taking that view. On April 13, 2010, the Financial Times published an article by the late Governor of the Polish Central Bank Slawomir Skrzypek — a man whom I had the honor of knowing very well. Skrzypek wrote that article shortly before his tragic death in the airplane crash

Negative US M3 points to more deflation and a double dip ?

2010-05-31T15:14:00.008+01:00

The M3 money supply in the United States is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933, despite near zero interest rates and the biggest fiscal blitz in history.http://www.telegraph.co.uk/finance/economics/7769126/US-money-supply-plunges-at-1930s-pace-as-Obama-eyes-fresh-stimulus.htmlThe response to this is critical. If the US starts

Naomi Wolf - The End of America

2010-05-30T16:33:00.001+01:00

http://www.lewrockwell.com/lewrockwell-show/2008/10/31/58-americas-slow-motion-fascist-coup/http://www.lewrockwell.com/lewrockwell-show/2010/05/26/152-obamas-satanic-rogue-empire/------------------------Check out the rest of this blog here.

Better off stateless: Somalia before and after government collapse

2010-05-30T16:21:00.002+01:00

Could anarchy be good for Somalia's development? If state predation goes unchecked government may not only fail to add to social welfare, but can actually reduce welfare below its level under statelessness. Such was the case with Somalia's government, which did more harm to its citizens than good. The government's collapse and subsequent emergence of statelessness opened the opportunity for

Total U.S. debt reaches level at which any new debt reverses rather than stimulates growth

2010-05-29T15:55:00.004+01:00

http://thehill.com/blogs/on-the-money/budget/99973-us-debt-reaches-level-at-which-economic-growth-begins-to-slow------------------------Check out the rest of this blog here.

If China's economy is so strong why does it have to get most of its growth from increased lending ?

2010-05-29T13:27:00.004+01:00

the composition of China's growth has undergone a potentially treacherous change: in the absence of expanding foreign demand for its exports, it has instead come to rely on a massive surge in domestic bank lending to fuel its growth rate.Indeed, when measured relative to the size of its economy, the 27pc point jump in bank loans to GDP is unprecedented; at no point in history has a nation ever

High inflation does not necessarily mean higher stock prices

2010-05-28T07:47:00.001+01:00

in a high inflation world the Dow crossed 900 97 times between 1965 and 1982, and crossed 1000 65 times between 1972 and 1982. Since 1999 we haven’t had inflation to ease the adjustment as the overall CPI price level is only a third higher.http://ftalphaville.ft.com/blog/2010/05/27/245436/a-century-long-look-at-the-us-equity-market/------------------------Check out the rest of this blog here.

The beginning of a U.S. currency crisis and hyperinflation

2010-05-25T10:00:00.000+01:00

------------------------Check out the rest of this blog here.

Prechter on Yahoo! Finance: "On Schedule for a Very, Very Long Bear Market"

2010-05-24T23:07:00.006+01:00

This massive deflation that Prechter speaks of could only happen on a gold standard. Thus comparing the 30s to now is foolish. There will be massive deflation in the next 10 years but only when measured in terms of gold. In fiat currency terms we will have massive inflation as central banks print and print in accordance with their 'New Keynesian' ideology.The question is how much deflation can

The Dollar Bubble

2010-05-23T19:16:00.003+01:00

The US/UK governments have only one answer to deflation: print money !All this will do is create a yo-yo economy that swings between jobless inflation boom and deflationary bust until some supply shock (e.g. peak oil price spike) tips these economies into hyperinflation.------------------------Check out the rest of this blog here.