Economics

Demise Of The Petrodollar Has The Potential To Reshape The Geopolitical World

Source: New Eastern Outlook November 23, 2017 James ONeill In the early 1970s President Richard Nixon instigated two changes that had profound effects. The first of these was taking United States off the gold standard; i.e. henceforth US dollars would no longer be convertible to Gold. Ordinarily this might have …

2nd Amendment

Colorado Democrats Driving Businesses Out of State

posted on February 18, 2013 by Giacomo Evidently, Colorado Democrats aren’t concerned about their 7.6% unemployment rate with their newly proposed legislation. On Friday, the Colorado State House of Representatives which is controlled by Democrats, used a voice vote to give an early approval House Bill 1224 that would drive …

Banking and Monetary Policy

IF THE BANKS OWN ALL THE GOLD, WHY WOULD WE WANT A GOLD-BACKED MONEY SYSTEM?

by G. Edward Griffin 2009 October 21 One of the most entrenched myths of our modern day is the assumption that (1) the bankers own all the gold and (2) therefore, the concept of a gold-backed money system is a very bad idea, because it would give them even more …

Banking and Monetary Policy

Facts and Truth About U.S. Inflation, Debt, and Political Crisis

The U.S. Bureau of Labor Statistics (BLS) yesterday released their consumer price index (CPI) data for the month of July. The BLS reported an increase in year-over-year CPI growth to 3.63%, the highest rate of U.S. price inflation since October of 2008. July’s official government reported year-over-year U.S. price inflation …

Banking and Monetary Policy

World Domination By ‘The Money Changers’

The Secret of Oz It is commonly known in economics academia that The Wonderful Wizard of Oz written by L. Frank Baum in 1900 is loaded with powerful symbols of monetary reform which were the core of the Populist movement and the 1896 and 1900 presidental bids of Populist Democrat William …

Banking and Monetary Policy

Important Debt Ceiling Update

President Obama just announced late this evening that a deal has been reached to cut government spending and raise the debt ceiling in order to avoid a debt default. If the deal is approved on Monday, it will raise the debt ceiling by between $2.1 and $2.4 trillion in three …

Economics

The Broken Window Fallacy of Economics

Have you ever witnessed the anger of the good shopkeeper, James B., when his careless son happened to break a square of glass? If you have been present at such a scene, you will most assuredly bear witness to the fact, that every one of the spectators, were there even …