Monthly Archives: January 2009

Keynesian vs. Austrian Economics

Ron Paul goes up against a handful of uninformed mainstream media pundits. His argument is simple but they try to cloud it with Keynesian nonsense.

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Gold Rises, Dow Drops on Obama Inauguration Day

It’s a bad day if you are a a believer in the U.S. economy.

We’ve been hearing about an “Obama rally” coming in the stock market for weeks now. Apparently, Wall Street has already discounted any positive effect Obama could have on the stock market, and the dow is down well over 100 points today already on this day of cult-like worship of this new president.

Gold is also rallying today and up $15 at last check.

What’s going on?

January is typically an indicator of how the stock market will do over the course of the year. Many experts predicted a market rally in Q1 of 2009 just on expectations that the “change” many have been sold on will actually improve the economy.

The developments in the market today are ominous. There is literally nothing positive to look forward to over the next 4 years in the macro economy. We have more of the same, destruction of the dollar, and bye bye economy.

The best thing you can do is hide your assets and buy gold. Goldmoney.com is a good place to go, or buying physical gold and silver if you can find it. Pay attention to your own micro-economy and try not to focus on the nonsense going on in Washington D.C.

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Obama and the Decline of Self Ownership in America

I’ve discussed Obama with many Obamamaniacs over the past few month, and I’ve been shocked and amazed at what little they know about him, or why they even choose to support him.

I’ve asked point blank, what are the significant differences between Obama’s and Bush’s policies? Most of the time, I get a blank look or a snappy comment back. The few times that someone comes up with something, it will be a tiny issue like stem cell research (which I believe is up to the states and not the president), or abortion (which only affects a tiny percentage of Americans).

I’ve been scratching my head for months as to how people could believe there is significant change with this incoming president. I have been chalking it up to his cult of personality- it’s not what he says, it’s how he says it.

This is definitely a big part of what is going on, but recently, I have come to the conclusion that there is more.

Obama would like the government to run just about everything it could get its hands on. With Obama and his “team”, there is nothing government cannot do better than the private sector.

Since we have been going down the path of mommy and daddy government for quite some time, people have been propagandized into believing that yes, government IS filled with virtous people who not only want the best for us, but are themselves like magic, special human beings that have powers that us normal folk do not posses.

Believing in this fantasy of politicians-as-magicians has led to many people taking on the attitude of “government will take care of us” or “they’ll figure it out” or “what can government do for me next?”

This is akin to a child who never fully becomes an adult. It’s the 44-year old who got a DUI and needs his parents to bail him out of jail. It’s the 33-year old who still lives with his parents to “save money”. It’s the college student who drives home every weekend to do her laundry and have mom cook for her.

It’s the belief that we need government-as-parents from cradle to grave.

As more businesses become “nationalized”, and more industries get bailed out, the self-esteem of the individual- and the idea that we do indeed own ourselves- errodes away. This trend of Americans’ self esteem in decline has been going on now for decades, but as times get tougher and the media points the cameras towards our so-called elected officials, propagandized Americans who believe what they see on TV fall right in line with the idea of sacrificing their independent minds for the sake of the collective.

This leads to a society of nobody thinking, nobody innovating, and everybody expecting that the “authorities” will take care of things.

So what has happened is that the Obamamania exsits because people simply want to believe that their own life is out of their hands, and some “leader” is going to ride in and save the day- protect them, make everything okay- as mommy and daddy did for so many years.

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The Free Market vs. The Great Depression

“If Ben Bernanke were my student I would’ve flunked him”
-Peter Schiff

What caused the Great Depression?

There is a clear-cut right and a wrong here.

“Common wisdom” and history textbooks tell us that the Depression was caused by the free market.

But the correct answer is that government intervention caused the Great Depression.

By not allowing the free market to work, Hoover and Roosevelt set the stage for a horrible period in U.S. history. The same thing is happening right now. The government and Federal Reserve all think that that if they “do nothing” things will get worse. And they are right, things will get worse no matter what. But by artificially manipulating interest rates and printing trillions of dollars out of thin air, they are compounding the problem.

These facts should not even be up for debate. There is a clear objective truth here, and the government and bankster crooks are on the side of falsehood, with the mainstream media as cheerleaders for all that is wrong.

Can we stop living in the fantasy world that the government will take care of everything, that the government doesn’t lie, that the U.S. government is virtuous?

To save the economy we will need more than to simply adopt a gold standard. If we just switch to gold and let congress control the game, we are screwed. We must let the free market decide what currency we will use, not some central planning bureaucrats.

There is a chance that the central planners will try to roll out the Amero this year or next. However, why would anyone buy into this sham? Simply changing the name of the currency and what countries it represents does not make fake money real! A first grader could figure this out.

For now, I’m sticking with goldmoney.com and working on Plan B if things go downhill in a hurry here in the so-called land of the free!

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