One World Currency
A single currency has been rumored as the goal of international bankers by conspiracy theorists for decades, it’s nothing new. The conspiracy goes much further, saying this is the first step on the road to one world government. Rockefeller has even admitted as much in his own auto-biography. Yuri Bezmenov – former Soviet KGB official explains the world
There’s no way to know if he’s honest or a mole, but anyhow, it’s an interesting interview from 1984. The hidden consequence of collapsing Chinese exports
Many economists have long known that Chinese consumer demand must rise eventually to balance the excessive trade surpluses of previous years, but the government in Beijing has been actively preventing a shift in trading trends by manipulating the exchange rate through dollar recycling. Their intent is to maintain attractive prices and encourage further American consumption of their products; however, now that American demand is drying up despite cheap prices, there is no longer a reason to maintain an artificially low currency. It hurts China unnecessarily. Ron Paul Bonanza
Remember Ron Paul? He’s had some interesting interviews lately, providing valuable insights on the inner workings of Washington and recent bailouts. Fox News 2/20/2009 with Judge Napolitano Lew Rockwell – The establishment is going down
part 1 of 2 Trickle up economics
The ideological arguments regurgitated by television talking heads, regarding how governments should intervene to resolve our current economic crisis, focus on whether bailouts should be directed at the rich or the poor… a difference without a distinction, in my opinion. Regardless of how money is injected it will always end up in the same place. Money flows in streams like water and it always trickles up because the rich own everything. When money is given to the poor, they will likely just save it in the bank, pay down debt or purchase consumer products — in other words, immediately rush to line the pocket of their neighborhood rich guy. Why government interference may fail
Let me try again to explain, more clearly, why government interference may fail. There are people who believe we have entered a new long wave cycle of increased savings and decreased consumption that may last a generation. If people are determined to save, the government can not force them to borrow. If we are entering a new savings paradigm to balance the previous few decades of excessive debt, which the evidence currently supports, government interference, both monetary and fiscal, will not only fail but significantly intensify the crisis. James Turk – Key Factors in Silver’s Bull Market
This presentation is from Nov 2008. 1 of 4 A positive spin on bankruptcies in Dubai
In most developed countries when people go bankrupt they become dependent on a government “social safety net” and drain the nation’s resources with unproductive expenditures. Keeping people fed is important, but it’s not going to help stimulate an economy out of recession. People aren’t likely to increase consumption with diminished income from employment insurance or the credit cards they don’t have. They aren’t likely to become more productive in a job they lost. Social stabilizer, yes. Economic recovery plan, no. |
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