I recently read a great post over at FOFOA, titled “The Debtors and the Savers 2012“. I’ve been reading a lot of FOFOA lately, and learning more about the “Freegold” thesis. The essence of the thesis, as I understand it, lies in the following chain of events: The U.S. economy is currently running massive deficits, [...]
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Midweek Reading: Exorbitant Privilege Edition
I’ve been reading some really interesting posts on FOFOA’s blog, namely Inflation or Hyperinflation? and Peak Exorbitant Privilege. These posts go over the banking system, the role of the US dollar in the world economy, and the gradual withdrawing of political and ancillary support from the USD as the world’s reserve currency. Based on the latest numbers, the [...]
Ron Paul: The One True Hope for Change in 2012
It’s now 2012, and the United States will elect a new president to run the (still) most powerful country in the world. It’s now been nearly four years since the eve of the ongoing global financial troubles, and I am very interested in how this election is going to play out. Americans were promised hope [...]
Canada’s 2012 Budget: Does It Deliver, or is It Full of BS?
Canada’s Economic Action Plan 2012 is out! Did the new budget cut as much as some people feared? Did it cut enough? Are we on a path toward sustainable government and responsible spending levels? Read on and find out more. First, to get an idea of what Canada’s spending is like, let’s review actual spending [...]
How the Federal Minimum Wage Crushed the Economy of American Samoa
Most people probably have not heard of American Samoa, or what has been happening there. It is a small island located tens of thousands of miles away from the continental United States, and has a small economy with a high rate of unemployment and a low level of income per capita. The island is frequently [...]
The Role of Money in the Financial Crisis
There is an interesting post by Jeffrey Tucker on the Mises Institute of Canada about the ongoing “crisis of capitalism”. If one is talking about the current world economic order, then there is indeed a crisis going on, but it all depends on how you define the word “capitalism”. Jeffrey writes, “What’s most interesting is [...]
Canada is More Economically Free Than the U.S.
Have you seen the 2011 Economic Freedom Index report? According to the report, here are the top ten countries: Hong Kong Singapore New Zealand Switzerland Australia Canada Chile United Kingdom Mauritius United States The U.S. just barely managed to make it onto the list! The Economic Freedom Index report is used to rank countries based [...]
China Bubble About to Explode?
Was the U.S the only country to go on a big credit binge? Reports from China are indicating that the property markets there may be set to burst. I have been greatly fascinated with China’s ascendency from the ashes of Mao Zedong’s communism. It is a testament to the failure of this ideology that even [...]
Doug Casey on Occupy Wall Street
So what is Occupy Wall Street really about? Is it a group of disenchanted and angry people, rightfully directing their anger towards those who are unfairly profiting from the system at the expense of everyone else? Or, are they a band of socialists asking for fairy tales and fantasies to come true? Do they rightfully [...]
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