Monthly Archives: August 2011

Don’t Swallow the FED’s $16 Trillion Suicide Pill

My friend Michael McKay has written a must-read article on LRC about the explosive cocktail of debt the Federal Reserve has cooked up, which makes the gunpowder plot look like a pina colada. The end result of this is going … Continue reading

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Jim Rickards: “US Will Revalue Gold to $7,000” & More

One of the smartest guys around, Jim Rickards, talks about 40 years of global fiat money, on yesterday’s anniversary of its birth on the 15th of August, 1971, and describes how he thinks Marc Faber’s ‘Great Reset’ will take place, … Continue reading

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The moral decay of our society is as bad at the top as the bottom

Peter Oborne is one of the few MSMers who can see through the elite’s fog of deception: Oborne on the Riots, Telegraph Blogs

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Peter Schiff: What to Expect, & More

Eric King interviews Peter Schiff about what Connecticut’s Finest thinks of the current global financial situation. He notes that while Alan Greenspan thinks the U.S. will never default, because it can always print money, Zimbabwe never defaulted either: Peter Schiff … Continue reading

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Fiat Money and the British Riots

Thanks to Jeff Tucker for republishing my Cornish diatribe from a couple of days back: Fiat Money and the British Riots

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Hyperinflation and Hyperreality

One of the definitions of money is that it is something which holds value. Obviously, this monetary constraint was broken in the twentieth century, the Age of Inflation. It was also the century of world wars, and hundreds of millions … Continue reading

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British rioters the spawn of a bankrupt ruling elite

Theodore Dalrymple describes the minestrone of self pity that entails the welfarista youth of Britain. He also refuses to be kind about their blessed patron saint, St. Winehouse: British rioters the spawn of a bankrupt ruling elite

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The Fiat Currency Graveyard

A great podcast from Lew Rockwell, interviewing James Turk, about how you can protect yourself and your family from the forthcoming financial Katrina, brought to us courtesy of all the wise overlord central planning bureaucrats and self-serving politicians in government: … Continue reading

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Grim outlook from Bank of England: rates static till 2013

This is going to be tricky to do from a hillside in Cornwall, with a flaky mobile connection and an iPad with a one-letter-at-a-time keyboard.  However, it’s pouring down with rain this August morning, so let’s examine the real sickness … Continue reading

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Goldbugs, Beware! A Conspiracy Theory

With its Saturn-V style vertical rise, recently, the gold price is almost certainly going to ‘correct’. But how far will it fall?  Will it drop all the way down to $400 dollars an ounce?  Marc Faber thinks it might, and … Continue reading

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