We Cannot Get Away From Gold Or Silver - By Hugo Salinas Price (25/3/14) PDF Print E-mail
Hugo Salinas Price   
Tuesday, 25 March 2014 06:48

Plata

It is remarkable how billions of human beings are using fiat currencies in the world today without any understanding at all of what they are doing. Curiosity and intellect are indeed very limited in supply amongst humans.

Humanity is attempting to live by the use of fiat currencies – gold and silver as means of interaction between humans are not available today.

And humans are quite ignorant of the fact that the fiat currencies they use have each of them a HISTORY behind them, without which they would not exist.

We humans tend today to discount History. The past has lost its meaning to us. We live entirely in the Present; what happened just a few years ago is no longer of interest, except to a very small minority of humans. History has become irrelevant; we are so engrossed with Technology, the God of the present era, that we have little urge to direct our attention elsewhere.

The Bitcoin is  - according to some at any rate - a technological marvel and should therefore do everything that is expected of it. But the fact that it may be a technological marvel is not enough, though people doubt that statement to begin with. "If the Bitcoin is a technological marvel, then surely it will have to be a brilliant success." This is optimistic thinking, but quite shallow.



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Bill Murphy On Money Manipulation And The Future Of Gold - By Anthony Wile (24/3/14) PDF Print E-mail
Anthony Wile   
Monday, 24 March 2014 07:20

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Hazlitt’s Timeless Wisdom - By Doug French - (24/3/14) PDF Print E-mail
Doug French   
Monday, 24 March 2014 07:17

Mudwig von Mises Institute

CNBC’s Rick Santelli used his “Santelli Exchange” segment on March 14th to highlight the wisdom of Hazlitt’s Economics in One Lesson written in 1946.

The financial network’s tea party rabble rouser and sparring partner to economist Steve Liesman said, Warren Buffett had talked that morning about reading Timothy Geithner’s new book Stress Test: Reflections on Financial Crisis and the Oracle of Omaha said maybe the government saved the world back in 2008.

Santelli highlighted chapter six from Hazlitt’s great work where he wrote that if government makes loans, that private lenders won’t make, to entities that can’t pay back, economic signals get destroyed, and chaos ensues. Hazlitt also emphasized that all credit is debt.

Another Hazlitt fan, Jim Grant of Grant’s Interest Rate Observer, delivered the Henry Hazlitt Memorial Lecture in Auburn, Alabama less than a week after Santelli’s comments.  Grant said, “I can’t imagine what the world would be like without Economics In One Lesson.”



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The Massive Problem Threatening The Global Recovery - By Bill Bonner (24/3/14) PDF Print E-mail
Bill Bonner   
Monday, 24 March 2014 07:15

Bonner & Partners

Still Struggling


The most telling stories are coming from the world economy, not its manipulated markets. The price of copper is collapsing. The Baltic Dry Index is dragging along the bottom. Seven years after the start of the debt crisis the global economy is still struggling
.
Hedge-fund-turned-family-office-manager George Soros says Europe could be in for a 25-year slump. Bloomberg reports:
 
“Billionaire investor George Soros said Europe faces 25 years of Japanese-style stagnation unless politicians pursue further integration of the currency bloc and change policies that have discouraged banks from lending. Europe “may not survive 25 years of stagnation,” Soros said in the interview with Francine Lacqua.”
 
It was in the spring of 2007 that the first crack appeared in the weakest part of the debt structure: US subprime mortgages. By March 2007 the value of subprime mortgages had risen to $1.3 trillion.



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The Case Of The US dollar… A Ponzi scheme? - By Simon Black (24/3/14) PDF Print E-mail
Simon Black   
Monday, 24 March 2014 07:12

Sovereign Man

There’s a politician in Russia trying to ban the dollar, calling it a Ponzi scheme.

20 years ago this would have been considered blasphemous. 10 years ago it would have been laughed at. Today, it’s taken seriously. And with good reason.

If you dive deep into the Federal Reserve’s balance sheets, you can see for yourself.

Just like any other bank, the Federal Reserve has assets and liabilities. The difference between the two of these is the bank’s capital. And in general, the higher the capital, the stronger the bank.

One way to measure a bank’s capital is as a percentage of its assets– higher is always better.



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