RSSCategory: Category: Economy

Two More IMF Papers See Savings Tax And Fiscal Austerity Coming

Two More IMF Papers See Savings Tax And Fiscal Austerity Coming

As we finally arrive in the magic year 2014, in which almost every economic and business cycle is trending down, it seems that the idea of a debt reduction through savings confiscation is gaining traction. If it would have been true that the debt crisis was contained, then there is a huge divergence with what the IMF research lab is producing. In December alone, two working papers appeared in which debt restructuring is mentioned as the most likely way to reduce the untenable debt burden.

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Ron Paul vs Paul Krugman: Who Is The True Prophet, Who Is The False?

| November 29, 2013 | Category: Economy
Ron Paul vs Paul Krugman: Who Is The True Prophet, Who Is The False?

Journalist Jeremy Hammond had the ingenious idea of contrasting the Austrian, free-market school of economics with the Keynesian, pro-government school on the recent financial crisis through a close examination of the words of two commentators: former Congressman Ron Paul, schooled in the Austrian perspective, versus the Nobel Prize–winning Keynesian and New York Times columnist Paul Krugman. The book is a must read for everyone who is serious about economics and looking for the truth.

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Tips From Legendary Contrarians To Prosper During This Crisis

| November 18, 2013 | Category: Economy
Tips From Legendary Contrarians To Prosper During This Crisis

In this video released by Future Money Trends, several legendary contrarians explain their vision on economic developments in the coming years. Some of them provide tips on how to thrive and prosper in these challenging economic times.

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Why Banking, Corporate America And The Government Need Each Other

| November 14, 2013 | Category: Economy
Why Banking, Corporate America And The Government Need Each Other

It should not come as a surprise that banking, industry and government are closely connected. In order to understand who is behind most of decisions and who the beneficiaries are, one should go back in history to the end of the 19th century. Murray N. Rothbard revealed in his book “Wall Street, Banks and American Foreign Policy” in great detail that the financial and political stakeholders are one and the same. Join us on this journey behind the scenes where the banking elite, the corporate elite and politicians in the United Stated laid the foundations of their empire.

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Financial Repression Starts Showing Its Ugly Head

| November 7, 2013 | Category: Economy
Financial Repression Starts Showing Its Ugly Head

2013 is proving to be a hallmark year in the ongoing saga which is called “economic recovery.” If anything has started to become blatant, it is undoubtedly the distortion in money, markets and metals.

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Easy Money Is Again Leading To Bubbles – Courtesy Of Central Banks

| November 3, 2013 | Category: Economy
Easy Money Is Again Leading To Bubbles – Courtesy Of Central Banks

In this week’s commentary, John Mauldin looks at two highly relevant concepts: easy money (call it QE or money printing) and economic bubbles. Obviously the two are linked to each other. Although in the minds of central bankers there is not necessarily a direct effect between both, we simple human beings all know that the inherent risks are huge. After having studied a lot of the materials, speeches, presentations by the central banking pundits, our key take-away is that central bankers believe they can “manage” the effects of their monetary policies.

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Peter Schiff: The Collapse Of The Dollar Is Unavoidable

| October 22, 2013 | Category: Economy
Peter Schiff: The Collapse Of The Dollar Is Unavoidable

In a Q&A with GoldSilverWorlds, Peter Schiff, explained why the mother of all collapses is still in front of us and shared his top tips on how to protect financially. Looking at the course of the economy and the markets, Schiff sees a confirmation of the outlook he presented in his books. The collapse of the dollar is unavoidable and will be the worst of all crises.

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The Ongoing Depression Could Force A Return To The Gold Standard

| October 19, 2013 | Category: Economy
The Ongoing Depression Could Force A Return To The Gold Standard

This is an excellent interview with Jim Rickards. He explains that we are in a depression currently. The answers to that problem from the US government and central bank will likely force them to impose monetary discipline through the return to a gold standard. The longer the dollar based monetary system is suppressed, the more likely that market forces will induce a dollar collapse. This piece provides deep insights in a complex matter, brought in an easy to understand way.

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Politicians Continue to Bankrupt Nations and Steal from Individuals

| October 15, 2013 | Category: Economy
Politicians Continue to Bankrupt Nations and Steal from Individuals

Personally, I am certain that some type of cosmetic deal will be reached soon and it will be back to business as usual. The U.S. Debt Ceiling will be raised once again. Another increase in the debt ceiling will allow U.S. politicians to continue spending which will lead to a further loss in confidence as well as the value of the U.S. dollar. And, as this happens the price of gold will go much higher.

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Faith Is Why World Leaders Are Sure About Economic Recovery

| October 12, 2013 | Category: Economy
Faith Is Why World Leaders Are Sure About Economic Recovery

In the CNN Debate on the Global Economy, leaders from all corners of the world discussed the economic outlook. The interesting thing is to get to know why these leaders think a recovery is underway, given the flood of depressing economic data. There are plenty of quotes which are worth reflecting (mostly in a concerning way though).

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The Debt Ceiling And Implications For Gold Investors

The Debt Ceiling And Implications For Gold Investors

Most recent news items and analysis miss some key points. Either the consequences of the worst case scenario are overestimated (resulting in doomsday expectations), while in others the seriousness of the debt “ceiling” has been overestimated. The potential outcomes from different scenarios after the events remain rather underexposed. These observations led to a thorough analysis, but one from an Austrian perspective. The implications for gold investors are discussed as well.

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Shutdown, Debt Ceiling, and Prospects of Gold

Shutdown, Debt Ceiling, and Prospects of Gold

The news that the government will be hitting the debt ceiling by Oct. 17 is something that can have serious repercussions on the economy. Most analysts believe that if the shutdown is stretched for around two weeks, and then the government is also not able to make a way out of the debt ceiling quagmire, the investor confidence in the US economy will go down. Gold proponents are of the view that a deadlock over a decision on increasing the debt ceiling might create a gold rally in the market.

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Ronald Stoeferle: Gold Bubble or Bargain?

Ronald Stoeferle: Gold Bubble or Bargain?

The big bubble is not in gold; it is in bonds. The structural debt figures are most known by the debt to GDP ratios of sovereign countries. Besides that, however, Stoeferle gets some worrisome data by looking into the US forecasts of the CBO. Based on the damage on the chart and the length of the correction, Stoeferle expects gold to revisit $1,900 in two years, i.e. 2015.

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Collapse Is In Hindsight – It Is A Matter Of Time (Part III)

| October 2, 2013 | Category: Economy
Collapse Is In Hindsight – It Is A Matter Of Time (Part III)

We live in a world of exploding debt, unsustainable deficit spending, Quantitative Easing, corrupt politicians, and “forever” wars that benefit the political and financial elite. We will need help to survive the collapse of failing economic and political systems.

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