The Chinese “miracle” is coming to an end. The Wall Street Journal is just now recognizing it.
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Stockman has a grasp of economic reality. Anderson has a grasp of Austrian economic theory. Together they have produced a simple yet unnerving view of the near future.
Predictions for the reestablishment of the gold standard in the next few years are optimistic. But at least the conversation is beginning.
He could have chosen the broad and seductive path. Instead, he chose the narrow way.
Within days of each other, two announcements concerning the future of the US currency appeared in the popular press, and each avoided any mention whatsoever of the primary driver of the changes. First was the announcement on November 26th from Secretary of the Treasury Timothy Geithner that the U.S. Mint will begin removing pennies and nickels [...]
I suggested that the inmates want to run the place. Unfortunately, they already are.
This is not obvious until it is seen.
Once again I am indebted to Gary North for an article to his members only for an insightful discussion of the hyperinflation going on in Iran. Indirectly, he paints the picture for what will inevitably happen here. For the record, I pay him $9.95 a month for his daily insights, and I’m glad to do it. [...]
Bernanke is a fool…a complete and utter fool. He thinks he’ll be able to quench the conflagration that he is deliberately starting.
When will this insanity stop? When the currency is totally worthless.