Amazingly, I seem to have pre-empted FOFOA by only a few days on the whole “government price fixing” point of the traditional gold standard (of yesteryear) made focal in my 7/26 post: You see it is this “fixing” that needs to end. One needs only to explore the semantics further, as in “price-fixing” to recognize both [...]

“IT is the essential linchpin for our individual freedom. IT belongs to the monetary system as a governing factor. IT forced nations to limit their debt, spending and socialist schemes, which meant sound behavioural habits were formed around those limitations, and those habits rubbed off on everyone. People were more honest, moral, decent, kind, because the system [...]

That’s right, I refuse to say, “It’s the Economy, Stupid” or “It’s the Debt, Stupid” simply because calling people stupid is just downright rude and arrogant. But I will call the folks who scoffed at our warnings when we first started this journey three years ago amazingly “hopeful”. Well … It’s the system, hopeful. That [...]

Really, it’s hard not to speak out when someone considered “expert” get’s it SO WRONG. Oddly, Zero Hedge actually published this guest post by John Tamny. This would be another excellent example of a “perceptions: polar opposite” reading, whereby the intent of Robert Mundell is clearly mistaken for its exact polar opposite. First of all, let [...]

Obama’s doin’ the Doobie Brother’s proud with his message to the fearful, the debt-indentured and the unemployed. If the audience is the United States of Failure then the message is spot on. And Obama’s eloquence in delivering that message has never been more polished, aside from the fact that you better be puffing on a [...]

I do believe that reality is poking its impertinent head above the Keynesian fog. As interest rate derivatives begin to unwind, slowly at first, then accelerating as the self-perpetuating cycle gains momentum, lots of “light bulbs” will start going off, and many investors with quite an accumulation of paper will begin having “widely shifting perceptions”. This [...]

A couple posts back, it occured to me that I’d stumbled over another “perception: polar opposite” in my thinking. Not long ago, I was well along the road well traveled by that bandwagon of bloggers pointing out how the “Federal Reserve” is about as ”Federal” as “Federal Express”. That was during a period when many of [...]