Posts Tagged ‘gold’
Inflation: An Expansion of Counterfeit Credit
The Keynesians and Monetarists have fooled people with a clever sleight of hand. They have convinced people to look at prices (especially consumer prices) to understand what’s happening in the monetary system.
Anyone who has ever been at a magic act performance is familiar with how sleight of hand often works. With a huge flourish of the cape, often accompanied by a loud sound, the right hand attracts all eyes in the audience. The left hand of the illusionist then quickly and subtly takes a rabbit out of a hat, or a dove out of someone’s pocket.
Laelaps was a dog that never failed to catch what it was hunting, while Talos was a giant made of bronze who circled Crete to protect the island from attack. Somehow both the dog and the javelin seem to have been lost.
The volume of financial news Europe generates in a single day is almost overwhelming – for a newspaper editor these days it must be sheer agony to decide which one of all these items should actually decorate the front page.
More Articles of Interest:
- Gold Panic
- Venezuela's Hyperinflation Crack-Up Boom on its Way to Outer Space
- Misunderstanding Gold Demand
- Italy – Non-Performing Loans Hit a New Record High
- Should You Buy a House?
- The US Stock Market and a Major Recession Warning
- The China Syndrome
- Bank of Canada Decides More Bubble-Blowing is Needed
- Transportation Sector in Trouble – What are the Implications