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What is Freegold? Or, Can the Debt Grow Forever?

By on June 26, 2012 in Biased Media, Big Business, Big Government, Central Banks, China, Crony Capitalism, Debt, Debt Monetization, Economic Analysis, Entitlement, Entrepreneurialism, Europe, Fascism, Financial Crisis, Free Markets, Globalization, Gold, Government Control, Hyperinflation, Inflation, Money, Saving, Sovereign Debt

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

By on May 15, 2012 in Big Government, Central Banks, Crony Capitalism, Debt, Debt Monetization, Economic Analysis, Europe, Financial Crisis, Gold, Hyperinflation, Inflation, Roundups, Saving, Sovereign Debt, United States

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 [...]

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Incandescent Lightbulbs Are Banned! Here is How You Can Work Around the Ban.

By on January 8, 2012 in Bans, Big Government, Canada, Europe, Government Control, Green, United States

It is now 2012, and the ban on incandescents in the United States has started. Many other countries have their own bans either already in place or planned. Canada was planned to start in 2012, but has delayed the ban due to environmental concerns over the disposal of compact fluorescents (CFLs). What are the phase-out [...]

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The Bank of Canada Stays Put on Low Interest Rates

By on December 12, 2011 in Canada, Central Banks, Europe, Housing Bubble, Inflation

For the 10th time in a row, the Bank of Canada has decided to stay put on interest rates. This is a good move for those who decided to go variable a couple years back instead of a rip-off five-year fixed. It’s not such good news for savers and people on fixed incomes. One of the [...]

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Did Germany Just Screw over the Rest of the World?

By on December 6, 2011 in Bailouts, Big Government, Central Banks, Debt Monetization, Europe, Inflation, Money, Sovereign Debt

So, once again, central banks coordinated to “save the world”. Or, did they? Martin Sibileau, writing at the Mises Institute of Canada, shares these thoughts: “Rather than liquidate those banks that were forced to hold sovereign debt (yes, forced!), generating a formidable credit crunch, the big global banks that had these unfortunate banks as counterparties, [...]

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First Papandreou, then Berlusconi: Who’s Next?

By on November 15, 2011 in Big Government, Europe, Sovereign Debt

There is a lot of anger in Greece and Italy right now, and understandably so. The Greeks may have been criticized for not paying their share in taxes, and for being unproductive and engaging in debt. However, do they deserve to be punished so that the creditors do not have to take a loss? Is [...]

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