democrats

How Gold Could Save America from Nazi Theory

Keynesian economics is the root of economic problems for most countries around the world today. So it’s important to understand both what Keynesian economics stands for and what the opposing brand of economic thinking called Classical economics maintains. In a nutshell… Classical Economics: Keynesian Economics: Thrift, hard work, and productivity are virtues. The classical gold standard restrains the state from inflating and provides a stable monetary environment in which the economy can flourish. Government should strive for balanced budgets and fiscal responsibility. The state should adopt a general policy of laissez-faire of non-interventionism in economic affairs: low taxes, free trade, and minimal bureaucracy. Production is more important than consumption. Say’s Law: Supply is more important than demand since supply of one good creates the demand for another. An increase in savings can contract income and reduce economic growth. Consumption is more important than production, thus turning Say’s Law upside down. There is no need for a gold standard; fiat currency is preferable. Demand is more important than supply. Teaches that governments and politicians can be trusted. It’s no wonder politicians love Keynesian economics over Classical economics. To control the economy, most governments around the world have been using Keynesian economics for the past 75 years. It is the only economic thought that is taught in the schools and universities. “They” want us to believe they are wise and intelligent souls who know what is best for us. But nothing could be further from the truth throughout most of economic history… Read this quote from Adolf Hitler, who openly embraced Keynesian ideas: Gold is not necessary. I have no interest in gold. We will build a solid state, without an ounce of gold behind it. Anyone who sells above the set prices, let him be marched off to a concentration camp. That’s the bastion of money. The Nazis’ economic success when Hitler first came into power was a result of Hitler cooking the books. The rest of his time in power goes down in history as one of the worst atrocities in the history of mankind. Only two other twisted power-seeking devils in the annals of time are responsible for the killing of more people than Hitler &mdash…

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The WSJ’s Most Controversial Article… Ever

Filed in BP, CBS, democrats, economy, euro, Gold, GOld juniors, Gold Market, o, Warren Buffett, yuan by on February 2, 2011 0 Comments
The WSJ’s Most Controversial Article… Ever

On January 9th, The Wall Street Journal ran an article that would become the most viewed, commented-on editorial in the publication’s history. The article was so controversial that the author — a Yale Law School professor — received several death threats. Thousands of enraged American readers went so far as to accuse her of advocating physical and emotional violence against children… Meet Amy Chua: a petite, 48-year-old Chinese American and the author of the WSJ firestorm piece, “Why Chinese Mothers are Superior”. Obviously, the headline caught my attention. My wife is Chinese and we have three children. But what really surprised me was the viciousness of the comments from readers. But as I perused through the comments of anger, hate, and even threats to Chua, I realized I as was actually reading comments of insecurity, fear, and envy. Think about it… Had this article been written by anybody other than a Chinese professor, it would’ve gone largely unnoticed. Bottom line: Americans fear the Chinese juggernaut. Here are just a few headlines from the past year that have caused panic among Americans and the West: Pentagon Surprised, Concerned as China Debuts High-Tech Weapons — Politics Daily Chinese ‘Carrier-Killer’ Missile Could Reshape Sea Combat — Fox News Chinese ‘carrier-killer’ missile raises concerns of Pacific power shift — Associated Press China Stealth Fighter? Photos Released Online Raise Speculations — Huffington Post China’s First Stealth Fighter Test Successful — CBS News China backs Spain to emerge from crisis: Beijing — Sydney Morning Herald Move Over Europe, China Is Pushing to Bailout the Greek Economy — Washington Post Wow: China to Bail Out Europe? — Daily Mail UK China’s Pres. Hu calls dollar’s preeminence ‘thing of the past’ — Wall Street Journal President Hu provoking the US by suggesting yuan replace dollar as reserve currency — AsiaNews.it And now Americans are fearful of the Chinese mother, as reported by Time Magazine: “Tiger Mom: Amy Chua Parenting Memoir Raises American Fears.” I hear it every day… “China is going to overtake the U.S. economy… We need to catch up before they flood our markets with electric cars, wind turbines, and …

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NEWSFLASH: The Meltdown Didn’t Have to Happen

Filed in Alan Greenspan, BP, democrats, Federal Reserve, Gold, Gold Market, lead, Lear, o, Yahoo by on January 28, 2011 0 Comments
NEWSFLASH: The Meltdown Didn’t Have to Happen

Watching the government do practically anything is often akin to watching molasses run down the hill in January. But like that slow running ooze, even the government eventually manages to accomplish its feat. The problem in this case is that they are telling us what we already know. So here’s the newsflash sportfans: the financial meltdown could have been stopped. Gee thanks… From the New York Times by Sewell Chan entitled: Financial Meltdow was ‘Avoidable’, Inquiry Concludes “ The 2008 financial crisis was an “avoidable” disaster caused by widespread failures in government regulation, corporate mismanagement and heedless risk-taking by Wall Street, according to the conclusions of a Congressional inquiry. The government commission that investigated the financial crisis casts a wide net of blame, faulting two administrations, the Federal Reserve and other regulators for permitting a calamitous concoction: shoddy mortgage lending, the excessive packaging and sale of loans to investors, and risky bets on securities backed by the loans. “ The greatest tragedy would be to accept the refrain that no one could have seen this coming and thus nothing could have been done,” the panel wrote in the report’s conclusions. “If we accept this notion, it will happen again.” The commission’s report finds fault with two Fed chairmen: Alan Greenspan, a skeptic of regulation who led the central bank as the housing bubble expanded, and his successor, Ben S. Bernanke, who did not foresee the crisis but then played a crucial role in the response to it. It criticizes Mr. Greenspan for advocating financial deregulation and cites a “pivotal failure to stem the flow of toxic mortgages” under his leadership as “the prime example” of government negligence. It also criticizes the Bush administration’s “inconsistent response” to the crisis — allowing Lehman Brothers to go bankrupt in September 2008 after earlier bailing out another bank, Bear Stearns, with help from the…

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Illinois is No Peter Pan

Filed in BP, democrats, economy, Gold, Gold Prices, o by on January 14, 2011 0 Comments

“I’ll never grow up, never grow up, never grow up, Not me!” – Peter Pan, Lyrics from play “I knew Peter Pan and you’re no Peter Pan.” – Vice-Presidential candidate Lloyd Bentsen, (sort of), 1988 “Top Illinois Democrats have agreed to push a plan that would temporarily boost income taxes by 75 percent and double Illinois is No Peter Pan originally appeared in the Daily Reckoning . The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

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Mass Killing Was Insanity, Not Politics

Filed in BP, deflation, democrats, Ford, Gold, Lear, New Gold, o, Spot Gold, target, US Dollar by on January 12, 2011 0 Comments
Mass Killing Was Insanity, Not Politics

It’s not the Second Amendment I’m worried about right now, but the First. According to popular opinion it was a combination of the two that got six people killed and left Rep. Gifford in critical condition. Gun-ownership supporters are getting the usual flack after Jared Lee Loughner used a gun to kill six people and injure fourteen others. But the political environment is such that a bunch of other groups are getting smeared for having ever opened their mouths… Libertarians, conservatives, Tea Party members, advocates of small governments of every stripe, anyone who’s ever criticized the government too vigorously…They’re being told to “tone it down a bit.” The complaint from lovers of the state is that we’ve gotten too vicious, that all the strong words have finally led to someone taking extreme measures. Never mind that the shooter was a just a lone nut whose main concern with government was that it was using mind control. One does not list the Communist Manifesto or Mein Kampf in one’s top ten list if one is for smaller government. In fact, anyone who thinks these books belong in the same list as We the Living — a warning against the dangers of communism — cannot be thinking too clearly. And it seems that Loughner wasn’t thinking too clearly at all. In fact, he seems to have had all the usual earmarks of the mentally unbalanced who occasionally pop up and kill somebody famous or slaughter innocents in a fast food joint or from atop a tower. Jared Lee Loughner didn’t kill and injure all those people because he listened to Sarah Palin…or because he loved liberty. He did it because he was a murderous lunatic. Never ones to let a disaster or tragedy go to waste, lawmakers immediately got to work on legislation to curb liberty a little bit more. The Left immediately went on the offensive and claimed that this was all Sarah Palin’s fault. They claimed she practically instructed the mentally unstable among us to start shooting Democrats…that with their charged rhetoric the Right had been fostering a political atmosphere ripe for violence. The Right immediately went on the defensive. They pointed out that…

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Market Wrap-Up for Dec.3 (WAG, PVH, BTU, DD, COST, more)

With this morning’s jobs’ number worse than expected, we could likely see the Democrats and Republicans align on extending the “Bush Era” tax cuts. This could lead to the capital gains tax rates remaining the same, also good news for dividend payouts as well. Well-known bond guru Bill Gross of PIMCO was on the wires earlier, saying the Federal Reserve will likely be unable to raise interest rates for several years. Income investors will need to be alert to this continuing trend and look for the best investment vehicles that will take the place of savings accounts and CDs. The good news is you’ll need to look no further than dividend-paying stocks as a great source to help your current retirement/wealth goals. Taking a peek at today’s action, the averages were able to muster late gains following the weak monthly unemployment report. Phillips-Van Heusen ( PVH ) traded lower following the company’s earnings results. Safeway ( SWY ) was also lower on a negative analyst call. Walgreen Co. ( WAG ) was up on solid November sales data. Also higher were shares of Dupont ( DD ) and Peabody Energy ( BTU ), following bullish analyst commentary. Gold and oil prices pushed higher on the weak economic data from the morning as well. Looking ahead to next week, earnings will be continue to be light, with notables such as Costco ( COST ) and National Semiconductor ( NSM ) coming out with earnings results. Be sure to catch up with our latest watchlist updates, including the new reports on earnings/story stocks, analyst upgrades/downgrades and how those names performed on the week. All that will be available this weekend on Dividend.com Premium , and as always, you can view our current recommendations on our industry-leading Best Dividend Stocks List. Have a great weekend everybody, and thanks for reading! Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Why Soaking the Rich Doesn’t Work

Filed in Debt, deflation, democrats, inflation, lead, o, recession, revenue, Spot Gold, US Dollar by on November 8, 2010 0 Comments

Last week’s episode of 60 Minutes featured a 13-minute segment on “taxing the rich” in order to cure the government’s debt problem. In addition to being an outrageously biased story, the coverage was filled with more economic fallacies than I can address in a single article. “Progressive” Income-Tax Codes Lead to Volatile Revenues In the opening moments of the segment, correspondent Lesley Stahl explains “eight states have increased so-called millionaire income taxes so far as a way of avoiding drastic budget cuts.” Of course, many of you reading this really mean it when you say theft is wrong, and that a majority cannot justly take an individual’s property, even if they plan on doing something nice with it. On this score, raising taxes is wrong for purely ethical reasons. Unfortunately, most Americans don’t endorse this way of thinking, and so, in the present article, I’ll focus on pragmatic arguments. In the first place, Stahl had to use the qualifier “so-called millionaire income taxes” because not all of the high surcharges kick in at that level. According to this compilation, only two states — California and Maryland — actually have a bracket for people making at least $1 million. The term in practice simply means a high tax rate for people earning big incomes. For two examples, Connecticut’s income tax has three brackets: 3 percent on incomes below $10,000, 5 percent on incomes between $10,000 and $500,000, and 6.5 percent on incomes above $500,000. New Jersey has a similar state-income-tax code, with the first five brackets jumping modestly up through $75,000 in income, but the sixth and highest tax rate kicking in at $500,000. To be sure, someone making, say, $550,000 per year is not on the verge of starvation. Yet it’s not clear that such a person is a “millionaire” either, especially if he is young, has kids, and works in a big city with a high cost of living. The very term “millionaire tax” — which conjures up landed aristocrats who sip martinis on their yachts instead of going to work every day — is misleading. Beyond the deceptive terminology, the policy of “socking it to the millionaires” actually exacerbates the boom-bust cycle in state-government revenues. As I explain in this policy paper, what …

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Doug Casey on the Tea Party Movement

Louis: So, Doug, about the Tea Party? Doug: Consider what seems to be brewing in the Tea Party movement. It’s just a straw in the wind, of no real significance itself, but a foreshadowing of something ominous. All the false hope this Tea Party movement is creating impresses me as similar to what was going on in France in the late 1780s… L: I think I can guess, but why do you say that? As much as you dislike the government, isn’t it a good thing that so many people are finally fed up with it and at long last are showing signs of willingness to throw the bums out? Doug: Well, you know I don’t like making predictions, so I’m not prepared to say that it’s a terrible thing, but it’s at least a double-edged sword. Of course it’s nice to see that there are people out there who are unhappy with the status quo, with the so-called two-party system, and with the Republican party in particular. But the process of “throwing the bums out” has gone on since Day One, and it’s accomplished absolutely nothing. The system itself has degraded hugely. And more than ever before, government draws the absolute worst type of people and totally corrupts those who might be decent. That’s because government is so overwhelmingly powerful today. L: Power corrupts, absolute power corrupts absolutely. But why the Republicans in…

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Sweeping Fraud under the Rug

Filed in bank of america, Debt, democrats, Gold Market, jp morgan, obama by on October 22, 2010 0 Comments

It’s things like this that aggravate me… Americans have been ransacked by Republicans and Democrats alike… for years. Failed policies and ideas have been nothing more than a joke. Debt is out of control. Housing isn’t improving. Yet we’re told that all is well. That we’re in a recovery… but it just won’t feel like a recovery. We’ve bailed out the banks countless times.. only to watch them screw us again and again. And now we’re told the foreclosure crisis is nothing to get upset about. Come on. As I’m reporting in Saturday’s Wealth Daily: A Wells Fargo employee in South Carolina said in a March deposition that she typically signed 300 to 500 foreclosure documents in a single day and that her only other responsibility was to make sure her name and title were written correctly. Shown a foreclosure affidavit that she had signed in 2009, she said she did not know if the information was accurate. “My knowledge of this affidavit is very minimal,” she said in the deposition. And there’s overwhelming “spin” that these are merely paperwork problems. Sham documentation and paperwork, and clerical gaffes aside, the systemic risk here is troubling. No one knows how many fraudulent mortgages and proceedings are out there. According to JP Morgan’s Ed Reardon, “In our view, many of the mortgage foreclosure problems highlighted in the…

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Democrats Announce Plan to Bribe Seniors with $250 Check as Election Nears

Filed in democrats, gld, Gold, Gold Spot Market by on October 19, 2010 0 Comments

Kurt Nimmo | Democrats insist the bribe is meant to make up for a second year without a cost-of-living increase.

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Nothing Is More American Than Working

Filed in deflation, democrats, New Gold, Spot Gold, US Dollar by on October 15, 2010 0 Comments

A disturbing bit of news emerged on the 29th of September. Meg Whitman’s campaign for governor of California was body-checked by a damaging news report just weeks before the election. It was alleged that she had someone in her employ who had not fully complied with all the laws of this great Republic…someone who toiled in her very household, in her home, near her hearth, in the very bosom of her vie familiale . Right under her nose, in other words. And it turns out this person was neither a card-carrying Democrat, nor card-carrying Republican. In fact, that was the problem. She had no card at all. The Associated Press reports: Whitman denounced the allegations as a “baseless smear attack” by Democratic challenger Jerry Brown in what has become a dead-heat race five weeks before the election. The central issue is whether Whitman knew about a letter that the Social Security Administration sent her in 2003 that raised discrepancies about the housekeeper’s documents – a possible tip-off that she could be illegal. The letter is the foundation for claims by former maid Nicky Diaz Santillan that Whitman and her husband knew for years she was in the US illegally, but kept her on the job regardless. For two days, Whitman forcefully denied receiving any such letter and said she fired the $23-an-hour housekeeper last year immediately after learning she was illegal. Revelations about the illegal housekeeper have also thrown Whitman’s carefully managed campaign completely off track and opened the door for Democrats to accuse her of hypocrisy. “The essential fact remains the same,” said the husband, “neither Meg nor I believed there was a problem with Nicky’s legal status,” the husband said. “The facts of this matter are very clear: Ms. Diaz broke the law and lied to us and to the employment agency.” Shame…shame…shame. What were they thinking? Were they thinking at all? We don’t know if there’s been any progress in the case. But from what we know so far, it appears that the Whitmans had a woman in their employ who gave good and faithful service for nearly 10 years. Then, when they …

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Microsoft Proposal Opens Door For Government Licensing To Access Internet

Filed in Bank Gold, democrats, gld, Gold, Gold Spot Market, lead, obama, ubs by on October 7, 2010 0 Comments
Microsoft Proposal Opens Door For Government Licensing To Access Internet

State should have power to block individual computers from connecting to world wide web, claims Charney Paul Joseph Watson Prison Planet.com Thursday, October 7, 2010 A new proposal by a top Microsoft executive would open the door for government licensing to access the Internet, with authorities being empowered to block individual computers from connecting to the world wide web under the pretext of preventing malware attacks. Speaking to the ISSE 2010 computer security conference in Berlin yesterday, Scott Charney, Microsoft vice president of Trustworthy Computing, said that cybersecurity should mirror public health safety laws, with infected PC’s being “quarantined” by government decree and prevented from accessing the Internet. “If a device is known to be a danger to the internet, the user should be notified and the device should be cleaned before it is allowed unfettered access to the internet, minimizing the risk of the infected device contaminating other devices,” Charney said . Charney said the system would be a “global collective defense” run by corporations and government and would “track and control” people’s computers similar to how government health bodies track diseases. Invoking the threat of malware attacks as a means of dissuading or blocking people from using the Internet is becoming a common theme – but it’s one tainted with political overtones. At the launch of the Obama administration’s cybersecurity agenda earlier this year, Democrats attempted to claim that the independent news website The Drudge Report was serving malware , an incident Senator Jim Inhofe described as a deliberate ploy “to discourage people from using Drudge”. Under the new proposals, not only would the government cite the threat of malware to prevent people from visiting Drudge, they would be blocked from the entire world wide web, creating a dangerous precedent by giving government the power to dictate whether people can use the Internet and effectively opening the door for a licensing system to be introduced. Similar to how vehicle inspections are mandatory for cars in some states before they can be driven, are we entering a phase where you will have to obtain a PC health check before a government IP czar…

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