We can place booms, busts, bubbles and economic catastrophes firmly on the lap of the Federal Reserve System. Individuals such as Alan Greenspan and Ben Bernanke should have know better…yet they contributed to monstrous booms that finally collapsed, leaving many people’s financial and personal affairs in complete disarray.
Around the hard money camp, these “prestigious” Fed Chiefs are known by their nicknames “Bubbles” Greenspan and “Helicopter” Bernanke. I’m not sure if old Alan got his nickname from his preference for bubble baths or bubble economies. Bernanke once remarked something about tossing dollars out of helicopters.
In this article, we’re concentrating on the monetary policies of Alan Greenspan. Let’s find out if his tenure as Fed Chief violates the economic policies Objectivists believe in. Is he a traitor to Objectivism?
Continue reading “Alan Greenspan – Traitor to Objectivism?”
As you read every word of this article…you will realize the Federal Reserve System sits in first place as Public Enemy Number One. You do realize the Fed stands for the continued screwing of the honest citizen. In addition, it appears its ill-fated monetary policies may cause a global economic collapse.
When Ron Paul states we need to End the Fed, he clearly understands it creates monetary disasters. Is it any wonder the Elite and its Soldiers made sure he never became President.
Note: All their power couldn’t get Hillary Clinton elected…as Donald Trump pulls a stunning upset.
Continue reading “Will the Fed Eventually Cause a Global Economic Collapse?”
You probably know…the political and financial establishment seems to purposely march us down the dark road of economic destruction. Because of this unhappy fact, it occurred to me that maybe we should offer you some hope for every day living…especially since continuous economic mayhem is inevitable. We may not be able to do anything about the treachery of the establishment…but we definitely possess the means to overcome the negative thinking and debilitating pessimism of the Hive Mind Mentality.
In Nassim Nicholas Taleb’s marvelous book Fooled By Randomness he suggests that a negative pang (event) has an average of a 2.5 more intensity than a positive pang (event). If this is true, it’s no wonder that the Social Maze pollutes people’s lives with pain and suffering. Continue reading “Illusions of the Hive Mind Mentality”
Gold and silver stumbles. Jim Rickard’s reporting from the Daily Reckoning.
“Gold had its biggest one-day loss in almost three years…Tuesday 10/4/16. The question is why.
There was no shortage of explanations (as usual). The main theme was that the dollar is getting stronger partly due to sterling weakness on new Brexit fears. The market also took the view that a December rate hike is likely (we agree) and higher rates also add to dollar strength.”
Here’s an update on Saturday, February 25, 2017. Continue reading “Gold and Silver Stumble Ends – Special Edition”
Does anyone actually believe governments and fiscally responsible monetary policies go together? Reality based individuals know the term good government is an oxymoron. Only a person lost in a haze of fantasy could answer in the affirmative. Obviously, governments always resort to the disastrous monetary policies of inflation and deficit spending. Politicians allow power to corrupt their body, mind and spirit. After all, these liberty violators work for the Elite…which means they shove their economic BS down our throats.
Do you ever wonder why the economy always seems headed to a recession or a depression? The plain fact is…members of the political and financial establishment completely disregard the laws of economics. Just observe, the engine of monetary mayhem, the Federal Reserve System. Continue reading “The Elite and Their Economic BS”