Re-education on Capitalism

“The only certain fact about Russian affairs under the Soviet regime with regard to which all people agree is: that the standard of living of the Russian masses is much lower than [...] the paragon of capitalism,...

The Value of One Dollar

What is left of the value of a One Dollar bill? •    Never has there been such a globally important currency as the US Dollar with so much political and financial manipulation. The question arises...

How to create wealth?

A question that many people continue to search for is how to create wealth. Well wouldn’t it be nice if there were some easy method for creating wealth and passive income streams. But realistically there isn’t...

The US Dollar

Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology called a printing press that allows it to produce as many U.S. dollars as it...

Perception on recovery is false

The perception that a recovery through financial stimuli creates a multiplying effect for growth, from which the government easily can exit, is false.The common idea that almost everyone believes is that government...

Earn a Bunch of Money Become a Banker

Stocks are going up, to be hit hard when people realize that the recovery is a fraud. When will that happen? This is not known. But another big wave of foreclosures could set this off."The Second Wave Begins." is...

Where are the consumers?

If the consumer credit party is over, is it possible for businesses to grow, and prosper? Not now, when consumers stop consuming, the economy stop growing.If consumers don't borrow, the consumer economy won't...

Awards for Rewards

Rewards are given in recognition of service effort or achievement as a fair return for good or bad behaviour.When Barack Obama the Nobel Peace Prize was awarded I participated in a discussion to analyze other...

Recovery?

Stocks bounce. Bonds bounce. An economy that bounces following the Japanese experience, with a long, slow on-again/off-again period of depression to expecting some quarters of growth, followed by quarters of...

The Advantage of Gold

The unemployment rate in the US rose to 10.2% in October, which was its highest rate since April 1983, according to figures from the US Labor Department. It rose from September's figure of 9.8%. The economy lost...

Deflation explained

Deflation occurs when prices are declining over time. This is the opposite of inflation; thus when the inflation rate is negative, the economy is in a deflationary period.A decline in general price levels, often...

GDP Fraud

The government released GDP figures showing rosy 3.5% growth in the third quarter. But don’t be fooled: the books were cooked. This time by the cash for clunkers boondoggle, the first time homebuyers tax credit,...

China on Course Catching Japanese Disease

Hugh Askew wrote me a message with a request to write something sensible to the story published in the Financial Time from yesterday. “China is heading for a Japan-style bubble”“If China continues to...

Roubini's Bad News Explained

Roy C. sent me the following message: “Roubini's bad news. Could you translate some of the harder stuff into something comprehensible?”Lets try to make it better understandable:The United States is up to its...

Economies Will Change:

Rebalancing the world’s economies won't happen overnight, that will take far more time.A Headline in The New York Times says: "Americans stop buying; trade deficit declines" "For the first eight months of the...