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Posts tagged Keynesian Economics

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Physical silver currently hard to come by

By: Peter Cooper, Arabian Money                                                               Posted 6 October, 2011


.  .  .  what would normally happen when a commodity is in short supply is that the price would go up to encourage sellers to put some more into the market. That is presently not happening because the silver price is being artificially suppressed in the Comex futures market by the bullion banks acting on instructions from the Fed presumably, so why would you sell that silver cheaply if you happened to own some?

But something has to give and it is the price of physical silver rather than the Comex price of the shiniest of metals. If you can find any silver these days you will pay quite a substantial premium over the spot price. But pay it because that is probably still a bargain compared to where silver prices are going.

The truth is that silver is a rare metal, more rare than gold. Silver reserves have been estimatated at one-hundredth of gold reserves. Silver is after all consumed by industrial processes and reserves have dwindled over the years because the price has been kept so low for so long by market manipulation. Why is that?

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Filed under Comex economics economy physical silver politics silver silver price fixing Federal Reserve Fed End the Fed money manipulation paper money Ron Paul Ron Paul for President central banks Keynesian economics

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What Recession? We've Been in a Depression

— Posted Friday, 23 September 2011

By Jeff Berwick, The Dollar Vigilante

Times like these are why we are dollar vigilantes.  Talk is incessant about a possible collapse of the European Union - something which we consider to be a certainty.  They can let it collapse now or paper it over again and see if they can keep that dead man walking a little longer.

Meanwhile, in the US, the talking heads in mass media look dazed and bewildered that, perhaps, the US is entering “back into recession”.  Almost all of them have been brainwashed at the Keynesian alter and actually think the US economy has been “growing”.  The truth of the matter is that the US has been in a depression since 2000.  It’s an highly inflationary depression, however, and it has managed to fool the great majority.  They still listen to government statistics that are fallacious, such as the GDP (see The GDP is a Fallacy).  But if they just opened their eyes and could see through the fog of decades of brainwashing and propaganda, they’d see that the true US unemployment rate is probably closer to 23%, over 45 million people are in today’s version of soup lines (now called food stamps) and the US stock markets, in real terms (gold), are down 90% from their highs in 2000.

The scary part, for everyone, is that this depression is just getting started and the more they try to “stimulate” the economy, the worse it will get.

The great bearded one, the one who centrally plans the US economy, Ben Bernanke, added one word into his speech (the word “significant”) when talking about downside risks and the lemmings all rushed off the edge of the cliff.  It’s confusing as to why they would listen to anything Bernanke says.  Besides the fact that he is the leader of a criminal money counterfeiting cartel he also has been almost shockingly wrong on every prediction or forecast he has ever made.

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Filed under Bernanke End the Fed Fed Federral Reserve central bank central planning depression economics economy financial news government statistics politics recession Keynesian economics GDP

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Billboard Signals of Collapse

By: Jim Willie CB, GoldenJackass.com

— Posted Thursday, 22 September 2011

The billboard messages are dire, ugly, dreadful, dangerous, and full of destruction, typical of systemic failure. Too bad the Keynesian textbooks do not have a chapter on banking system insolvency, or one quarter of the households living in negative equity, or central bank toxic paper pits, or global currency war, or confiscation of tyrant accounts. The ineffective monetary & fiscal policy has ushered in the nightmarish systemic failure. That is what is occurring.  

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Filed under economy economics politics news signals of collapse Keynesian economics systemic failure banking system insolvency central bank currency war monetary policy fiscal policy Federal Reserve Fed Bernanke End the Fed

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The Case for Hyperinflation in the US
— Posted Wednesday, 21 September 2011
By Jeff Berwick, The Dollar Vigilante
 
The bankers (who are all artificial, non-free market entities in this non-free market financial system) would lose everything if the currency goes to zero.
However, that has never stopped them before.  In fact, during many of the hyperinflations of our time, including Weimar and the ongoing hyperinflation in Argentina, the last people to see the causes of the hyperinflation (money printing) are the central bankers and the economists of the banks.
Remember, they’ve all been brainwashed with modern day Keynesian economics, which is witchcraft and delusionary.  They actually believe that inflation is caused by prosperity… and not money printing. 
 
.  .  .  
And, even when the US dollar goes to zero, it does not mean the banks are out of luck.  Not if they were like the French banks in the beginning of the 20th century.  In a book published in 1912, called “Fiat Money Inflation in France”, Andrew White recounts how the government changed the rules and stated that all debts increased along with the issuance of further currency, so that for every so many additional assignats printed, one’s debts increased by 25%. 
The US Government owns all the guns.  It would not be beyond them to state that all debts held in dollars are now held in the New Dollar.  Or, what they will likely name, the “Patriot dollar”.
As Congressman Pete Stark stated, “The Federal Government can do most anything in this country.”
.  .  .   
.  .  .  Gary North states that because of the boom-bust cycle, the US will be forced to stop printing money before entering hyperinflation.  As example, he states how Volcker was forced by rapidly rising prices to slow money printing and allow T-Bill rates to rise to 22% to stop the inflation.
There is only one problem with this.  The US Government debt in 1979 was hardly anything as it had only been 8 years since Nixon delinked the dollar from gold.  Today, however, the US Government (and most western governments, ask Greece) have had plenty of time to build up mountains of debt.
Today, as we showed here, an interest rate of only 11.1% will effectively take all real income of the US Government just to pay for the interest alone.
 
In other words, raising the interest rates to even 11% this time around will destroy the US Government.
That’s why Paul Volcker, who was on a “panel of experts” advising Barack Obama already quit and left town on January 5th of this year.  He took out his calculator, punched in a few numbers, looked around and decided it was time to retire.
Greenspan left on similar premises right before his housing bubble burst.

 
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The Case for Hyperinflation in the US

— Posted Wednesday, 21 September 2011

By Jeff Berwick, The Dollar Vigilante

The bankers (who are all artificial, non-free market entities in this non-free market financial system) would lose everything if the currency goes to zero.

However, that has never stopped them before.  In fact, during many of the hyperinflations of our time, including Weimar and the ongoing hyperinflation in Argentina, the last people to see the causes of the hyperinflation (money printing) are the central bankers and the economists of the banks.

Remember, they’ve all been brainwashed with modern day Keynesian economics, which is witchcraft and delusionary.  They actually believe that inflation is caused by prosperity… and not money printing. 

.  .  .  

And, even when the US dollar goes to zero, it does not mean the banks are out of luck.  Not if they were like the French banks in the beginning of the 20th century.  In a book published in 1912, called “Fiat Money Inflation in France”, Andrew White recounts how the government changed the rules and stated that all debts increased along with the issuance of further currency, so that for every so many additional assignats printed, one’s debts increased by 25%. 

The US Government owns all the guns.  It would not be beyond them to state that all debts held in dollars are now held in the New Dollar.  Or, what they will likely name, the “Patriot dollar”.

As Congressman Pete Stark stated, “The Federal Government can do most anything in this country.

.  .  .  

.  .  .  Gary North states that because of the boom-bust cycle, the US will be forced to stop printing money before entering hyperinflation.  As example, he states how Volcker was forced by rapidly rising prices to slow money printing and allow T-Bill rates to rise to 22% to stop the inflation.

There is only one problem with this.  The US Government debt in 1979 was hardly anything as it had only been 8 years since Nixon delinked the dollar from gold.  Today, however, the US Government (and most western governments, ask Greece) have had plenty of time to build up mountains of debt.

Today, as we showed here, an interest rate of only 11.1% will effectively take all real income of the US Government just to pay for the interest alone.

In other words, raising the interest rates to even 11% this time around will destroy the US Government.

That’s why Paul Volcker, who was on a “panel of experts” advising Barack Obama already quit and left town on January 5th of this year.  He took out his calculator, punched in a few numbers, looked around and decided it was time to retire.

Greenspan left on similar premises right before his housing bubble burst.

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Filed under economy economics Keynesian economics hyperinflation US dollar Fed Federal Reserve central bankers debts interest rates Treasury bond interest rates

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ANOTHER NAIL IN OUR ECONOMY’S COFFIN


Nightmare On Pennsylvania Avenue
By Jeff Berwick, The Dollar Vigilante
— Posted Wednesday, 31 August 2011
Barack Obama, nominated a new man to head the “White House Council of Economic Advisors” on Monday.
 
It was Alan Krueger… a man who has been working in the White House for two years and who has his doctorate in Keynesian Economics from Harvard University.
I knew, just from reading that he had his PhD from Harvard that he would be a moron.  That’s just a given with those “credentials”.
 
This nomination of Alan “Freddy” Krueger only ensures that the Nightmare on Pennsylvania Avenue will continue on to the bitter end.
Our holdings in real assets, gold, silver, precious metals stocks and internationalizing our assets, especially outside the US, continues to be the most rational of choices.
Read article: 
Nightmare On Pennsylvania Avenue

ANOTHER NAIL IN OUR ECONOMY’S COFFIN

Nightmare On Pennsylvania Avenue

By Jeff Berwick, The Dollar Vigilante

— Posted Wednesday, 31 August 2011

Barack Obama, nominated a new man to head the “White House Council of Economic Advisors” on Monday.

It was Alan Krueger… a man who has been working in the White House for two years and who has his doctorate in Keynesian Economics from Harvard University.

I knew, just from reading that he had his PhD from Harvard that he would be a moron.  That’s just a given with those “credentials”.

This nomination of Alan “Freddy” Krueger only ensures that the Nightmare on Pennsylvania Avenue will continue on to the bitter end.

Our holdings in real assets, gold, silver, precious metals stocks and internationalizing our assets, especially outside the US, continues to be the most rational of choices.

Read article: 

Nightmare On Pennsylvania Avenue

Filed under economics economy recovery academic economists Alan Krueger Obama Keynesian Economics