“What produce the product is not toil and trouble in themselves, but the fact that the toil is guided by reason.” - Ludwig von Mises
“If there is to be any peace, it will come through being, not having.” - Henry Miller
“Work is love made visible. And if you cannot work with love but only [...]
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While MSNBC and CNN were talking non-stop gutter language about “tea bagging” and trying to frame the whole thing as a neo-con fest, the actual root of the Tea Party idea is based a huge amount on the ideas expressed in this speech.
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I have been following Northern Trust economist Paul Kasriel’s economic analysis on Safehaven.com for years (archive). I have found him to be very prescient and objective in his analysis. Rarely have I found high level disagreements with his insight.
His latest article “Are We There Yet?” makes the case that some sort of economic [...]
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After sitting through quite possibly the worst NCAA Tournament in history, hoops fans need something to get their juices flowing. Thanks to a potential Kobe and LeBron matchup, the NBA Playoffs will do just that. Not since Magic and Larry met three times in the 1980’s have the two best players in the world met [...]
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It should be noted that there is growing opposition to the unchecked statism, growing fiscal profligacy, and continued attempts to erode the People’s God-given liberties.
These social-economic-spiritual problems largely emanate from a disconnected, dumbed down, and far too corrupt Washington DC (BOTH parties).
The Tea Party protests focused primarily on the increasingly unsustainable [...]
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Real Estate/Credit Bubble Deflation 18: Tick-Tick-Tick…
By Steve Moyer
“To restore the wealth lost in the current financial crisis, the Treasury would have to monetize some $30 trillion of toxic assets, almost ten times what the Geithner Treasury is currently contemplating, and twice the size of current U.S. annual GDP. Add to that about $10 trillion [...]
Filed under: Current Events, Economics, Entertainment, Featured Guests, Politics, Social Mood, Steve Moyer - Investment Commentary | 2 Comments »
Our government has been driving drunk at 200 miles per hour with three flat tires and the oil in the car hasn’t been changed for a good decade. Oh, and there are three kids in the back seat with no seat belts.
But, hey, the Constitution is “flexible” right?
Is that the excuse I should give next [...]
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1. Mish analyzes the presently shrinking monthly trade deficit in his latest piece. Two very interesting numbers that he noted were that demand for foreign-made cars reached the lowest level since October 1996 and the trade gap with Japan was the lowest since 1984. There are a lot of years of bubblicious economic [...]
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The Federal Reserve system is a secretive, privately-owned, government-sponsored cartel with a legal tender currency monopoly in the United States and vast powers to intervene in the credit markets.
The Fed has played a MAJOR role in the boom-bust cycle, especially over the past 25 years. Our current disaster can largely be pinned on extremely [...]
Filed under: Current Events, Economics, Politics, Social Mood | 3 Comments »
