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 | Frank Shostak |
| Is Money Created by Government Decree |
| According to popular view people accept money because of a government decree.1 A government decree it is argued makes a particular thing accepted as a general medium of exchange. But, does it make sense?Demand for a good arises from its perceived benefit. For instance, people demand food because of the nourishment it offers them. It is different with money people demand it not for direct use in consumption but in order to exchange it for other goods and services.Money is not useful in itself, buSaturday, July 4, 2020 |
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 | Wolf Richter |
| Negative Yields Not Required: Even “Low” Interest Rates Screw Up the Economy |
| How to make a mess in the era of low demand.
This is the transcript from my podcast last Sunday, THE WOLF STREET REPORT:
Now the plot thickens: I’ve got a former Secretary of the Treasury backing me up. We’ve already seen, including in my last podcast, how negative interest rates screw up the economy. Negative interest rates are so absurd that just thinking about them gives me a headache.
In the era of negative interest rates, owning financial assets such as government bonds, or savings in the bThursday, August 29, 2019 |
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 | Mac Slavo - ShtfPlan |
| Selco: What We Ate and How We Got Food When the SHTF |
| This report was originally published by Selco at The Organic Prepper
Editor’s Note: If a disaster is bad enough and lasts long enough, it isn’t going to take long before there is no food to be had. In this interview with Selco, he shares his real-life experiences and explains how people kept from starving to death when there was no food in the stores. ~ Daisy
How do you get food when there are no stores?
At the beginning of everything, most of the people did not have any significant “stash” of Wednesday, March 14, 2018 |
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 | Andy Hoffman - Miles Franklin |
| MOPE; The Government Will Never Let It Happen … |
| How often have you heard the phrase “the government will never let it happen”? It almost doesn’t matter what the topic is you are talking about, nothing “bad” can ever really happen …or so it is thought. The reason of course is because we are so many years into “MOPE” (management of perspective economics). No matter what has happened in the past, the media, Wall Street, and the government have constantly spun the narrative to lead the “perspective”. MOPE has been with us for such a long time, itTuesday, March 6, 2018 |
|
 | Bill Holter |
| MOPE; The Government Will Never Let It Happen... |
| How often have you heard the phrase “the government will never let it happen”? It almost doesn’t matter what the topic is you are talking about, nothing “bad” can ever really happen …or so it is thought. The reason of course is because we are so many years into “MOPE” (management of perspective economics). No matter what has happened in the past, the media, Wall Street, and the government have constantly spun the narrative to lead the “perspective”. MOPE has been with us for such a long time, itTuesday, March 6, 2018 |
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| Andy Hoffman - Miles Franklin |
| Lemonade Stand Economics |
| Disclosure: This article was written for Miles Franklin by Gary Christenson. Neither Miles Franklin nor Christenson run a lemonade stand.
Summary: Timmy, a precocious ten-year-old opens a lemonade stand and learns about unbacked currencies.
“Dad, I’m excited and ready for business. Mom made me sign an IOU when she gave me sugar and frozen lemonade so I have stuff to sell.” Timmy looked up at his father and smiled in anticipation.
“Great job! This’ll be a learning experience. Here comes your fMonday, February 26, 2018 |
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 | Alasdair Macleod - Finance and Eco. |
| A Roman lesson on inflation |
| “While it is the duty of the citizen to support the state, it is not the duty of the state to support the citizen” – President Grover ClevelandThe point President Cleveland made back in the 1880s was that individuals and vested interests had no rights to preferential treatment by a government elected to represent all. For if preference is given, it is always at the expense of others.Those days are long gone, and the last president to take this stance was Calvin Coolidge in the 1920s. He was follFriday, February 23, 2018 |
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 | Jesse - Le Cafe Américain |
| Russiagate, Twitter Meddling, the New McCarthyism: The Credibility Trap of the Increasingly Hysterical Elites |
| You may find this worth hearing.
And you probably will not hear it on the mainstream media.
The professional ruling class cannot accept responsibility for their many failures, and hypocrisies, and compromises with duty, and abuses of privilege because they are craven careerists in a corrupted system, caught up in a credibility trap. Their motto should be 'go along to get along, though the heavens may fall.'
Remarkable times when the truth is being told by comedians, and not the unintentionaFriday, February 23, 2018 |
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| Jesse - Le Cafe Américain |
| Blue Monday - |
| "It was a time of terrible suffering. The contradictions were so obvious that it didn’t take a very bright person to realize something was terribly wrong. And people blamed themselves, not the system. They felt they had been at fault. People who were independent, who thought they were masters and mistresses of their lives, were all of a sudden dependent on others. Relatives or relief. People of pride went into shock and sanitoriums. My mother was one.
What I learned during the Depression chaTuesday, February 6, 2018 |
|
 | Thorsten Polleit - |
| Central Banks Put a Safety Net Under Financial Markets |
| Most early business cycle indicators suggest that the global economy is pretty much roaring ahead. Production and employment are rising. Firms keep investing and show decent profits. International trade is expanding. Credit is easy to obtain. Stock prices keep moving up to ever higher levels. All seems to be well. Or does it? Unfortunately, the economic upswing shows the devil’s footprints: central banks have set it in motion with their extremely low, end in some countries even negative, interesFriday, January 26, 2018 |
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 | Przemyslaw Radomski CFA - SunshineProfits |
| USD/CHF Under Long-term Support! |
| Earlier today, the greenback declined to the lowest level against the Swiss franc since mid-September 2017, which resulted in a small drop under the long-term support line. Is this a sign of bigger move to the downside or just a trap?
EUR/USD
The first thing that catches the eye on the daily chart is a tiny breakout above the upper border of the blue consolidation and a fresh 2018 high. Although the size of the move is not impressive at the moment of writing these words, please note that theWednesday, January 24, 2018 |
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 | Mark O'Byrne - gold.ie |
| The Next Great Bull Market in Gold Has Begun – Rickards |
| – ‘Gold is in the early stages of a sustainable long-term bull market’ Rickards
– Rickards believes the next bull market in gold will be even more powerful than those of 1971–1980 and 1999–2011
– This new rally could send gold $1,475 or higher by next summer thanks to Fed rate hikes
– Warns of Peak Gold ‘Physical gold is in short supply. Refiners can’t get enough to meet demand.’
– ‘Now looks like a good time to jump on board to enjoy the ride’
– The Axis of Gold ‘continue to buy gold overtly anSaturday, January 20, 2018 |
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 | Gary Tanashian - Biwii |
| Gold Miners' Status Updated |
| After a positive year-end with the expected precious metals rally we noted on Dec. 31, in NFTRH 480:“With HUI dwelling just under the 195 resistance parameter, a pullback can come at any time. But there are enough other factors still in line to expect a resumed rally after any grind at resistance comes into play.”and then on Jan. 7, in NFTRH 481:“What HUI actually did was immediately push up into the 195-200 resistance zone, become overbought and hang around there all week in consolidation. HereMonday, January 15, 2018 |
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| Jesse - Le Cafe Américain |
| And Now Comes the Internet Censorship |
| "A credibility trap is when the regulatory, political and/or informational functions of a society have been so compromised by a long term, generalcorruption that they cannot address any meaningful reform without implicating, at least incidentally, themselves. The status quo has at least tolerated the corruption and fraud, if not profited directly from it, and most likely continues to do so. The power brokers have become susceptible to various forms of blackmail. And so a failed policy is sustWednesday, January 10, 2018 |
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| Jesse - Le Cafe Américain |
| Thomas Frank: Predatory Elites and the Political-Professional Establishment |
| "That ain't workin' that's the way you do it
Get your money for nothin' get your chicks for free
We got to install microwave ovens custom kitchen deliveries
We got to move these refrigerators we gotta move these color TV's
Now that ain't workin' that's the way to do it
Play the guitar on the MTV
That ain't workin' that's the way you do it
Money for nothin' and chicks for free."
Dire Straits, Money For Nothing
Here is a link to Reality Asserts Itself Part 9, the interviews between Paul Jay aWednesday, January 3, 2018 |
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| Jesse - Le Cafe Américain |
| Thomas Frank Interviews 7 and 8 with Paul Jay on the Real News Network |
| Here is the two part continuation of the interviews on the Real News Network between Paul Jay and Thomas Frank.
Frank has the Clintons nailed, and continues to reiterate the high points of how they led the Democratic Party into an historic betrayal of their base, the working people. For money and power.
However, he is far, far too kind, almost to the point of what can be called a willful bias, to Barack Obama.
I am sorry, but can it be more obvious that Obama was a bait-and-switch brand for Friday, December 29, 2017 |
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| Jesse - Le Cafe Américain |
| Nader Explains the Ongoing Collapse of the Democratic Party |
| "People of privilege will always risk their complete destruction rather than surrender any material part of their advantage. Intellectual myopia, often called stupidity, is no doubt a reason. But the privileged also feel that their privileges, however egregious they may seem to others, are a solemn, basic, God-given right."
John Kenneth Galbraith
The last presidential election was obviously, and by choice of the parties, a contest between the lesser of two evils. The Democratic candidate waSaturday, December 16, 2017 |
|
 | Steve Saville - Speculative Investor |
| Interesting Links |
| 1) Stockman on fire
Former Reagan budget director and current proprietor of the eponymous “David Stockman’s Contra Corner” was on fire in the Bloomberg interview linked below. Within the space of 8 minutes he manages to explain:
a) Why the tax reform package being negotiated in the US will add upwards of $1.5 trillion to the US federal debt over the next several years without prompting a significant increase in domestic investment or providing any other real help to the US economy.
b) That formeMonday, December 11, 2017 |
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 | Mish - Global Economic Analysis |
 Six Ways US Stocks Most Overvalued in History |
| US large cap stocks are the most overvalued in history. Let's investigate six ways.Crescat Capital claims US large cap stocks are the most overvalued in history, higher than prior speculative mania market peaks in 1929 and 2000.
Their 25-page presentation makes a compelling case, with numerous charts. It's worth your time to download and investigate the report.
Six Ways Socks Most Overvalued in History
Price to Sales
Price to Book
Enterprise Value to Sales
Enterprise Value to EBITDA
Price to EMonday, December 11, 2017 |
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| Alasdair Macleod - Finance and Eco. |
| Inflation v Deflation – State Finances |
| There is a general belief, and that is all it is, that state finances fare better in an inflationary environment than a deflationary one. This perception arises from the transfer of wealth from lenders to the state through a devaluation of the currency, which occurs with monetary inflation, compared with the transfer of wealth from the state to its creditors through deflation. The effect is undoubtedly true, even though it is played down by governments, but it ignores what happens to continuing Friday, December 8, 2017 |
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