By GoldSubject on September 3, 2010
European Central Bank chief Jean-Claude Trichet recently described the world’s economic prospects as being characterized by Knightian uncertainty, which means that they are truly unpredictable and not consistent with a probability distribution that can be used to calculate odds. Does anyone else think this is rubbish? Yes, the future is unknowable — of course it [...]
Posted in Economy | Tagged Buying gold, deflation, Economy, Freegold, inflation
By GoldSubject on September 2, 2010
Summer is drawing to a close and the noxious mixture of economic malaise and ignorance at the highest levels of government is slowly but noticeably heating up. Far from being “unusually uncertain,” the future of the economy is in fact remarkably clear, give or take a few minor details. I experienced acute frustration in July [...]
Posted in Economy | Tagged Austrian economics, Buying gold, Economy, hyperinflation, recession
By GoldSubject on July 3, 2010
1) Double-dip recession fears Only the dim mainstream media “fears” a double-dip recession; the enlightened (a) are fully expecting one and (b) refuse to call it a double-dip, because using such nomenclature constitutes an acceptance of its implicit premise, namely, that there was a recovery. The only folks who believed in the fraudulent “recovery” were [...]
Posted in Economy | Tagged Economy, recession, weekly review
By GoldSubject on June 26, 2010
1) Geithner says the U.S. can no longer drive global economic growth No kidding! The fascinating aspect of Geithner’s statement is that it is correct, which is something to which we are not accustomed. My analysis is that the truth must be let out — it is inevitable — but only very slowly, following the [...]
Posted in Economy | Tagged deflation, economic depression, Economy, gold, Keynesian economics, quantitative easing, recession, weekly review
By GoldSubject on June 25, 2010
FOFOA has asked for our support — let’s do our best! I will be requesting an “absentee ballot,” as he calls it, and would encourage anyone who is not familiar with his blog to go over and do some reading. You will be glad you did! I have a lot to thank FOFOA for. I [...]
Posted in Advanced gold concepts | Tagged Buying gold, Freegold, store of wealth
By GoldSubject on June 23, 2010
I know that there are many people out there considering purchasing their first gold coin. Once you hold a gold coin in your hand for the first time, there is no going back — you are hooked for life! The brain has a delightful ability to compare the weight of the coin with its size [...]
Posted in Gold basics | Tagged Buying gold, saving, store of value
By GoldSubject on June 22, 2010
Of the many incorrect economic ideas bandied about these days, there are a few that truly drive me up the wall. 1. “Gold is an investment to be unloaded when the price reaches its peak” Gold should not be thought of as an investment, except for the issue of Freegold, which is a once-in-a-millennium opportunity. [...]
Posted in Economy | Tagged Buying gold, debt, economic depression, Economy, recession, store of value, wealth destruction
By GoldSubject on June 21, 2010
I am delighted to see that, despite Obama’s entreaties, Merkel is forging ahead with budget cuts and good financial sense. The message being sent by the Old World is clear: no more spending, no more deficits, no more toxic economic “stimuli” that only stifle the economy. You know someone is truly clueless when they express [...]
Posted in Economy | Tagged debt, economic depression, Economy, Keynesian economics, recession
By GoldSubject on June 20, 2010
There is a misconception floating around that unemployment inhibits inflation. As an example, take this quote from Ben Bernanke: “A significant amount of time will be required to restore the nearly 8-1/2 million jobs that were lost over 2008 and 2009…In this environment, inflation is likely to remain subdued” (source) I can see why some [...]
Posted in Economy | Tagged debt, deflation, Economy, inflation, recession
By GoldSubject on June 19, 2010
My weekly review of some news pieces that caught my eye. 1) Investors betting on Lehman-style collapse Of course they are! Investors can see approximately what lies ahead and do not believe the appalling lies issued by the media. Austerity lies ahead because today’s and tomorrow’s shopping was done yesterday, so all that remains now [...]
Posted in Economy | Tagged debt, economic depression, Economy, fiat money, Keynesian economics, weekly review
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