Why Won't Bernanke Come Clean on Glut?
Perhaps the greatest mystery in the world of finance and economics is why Fed Chairman Ben Bernanke refuses to acknowledge that paper money creation by central banks produced the “global
The Great Depression and The New Depression
A worldwide economic depression began in 2008. This New Depression was caused by the same factors as the Great Depression and followed exactly the same pattern. Thus far, however, the
Currency Manipulators Created $7 Trillion, Ca…
The single most important development affecting the global economy over the past decade has been the creation of $7 trillion worth of paper money by central banks in developing countries.
Debt-Financed Trade Caused The New Depression…
The United States trade deficit hit $2 million A MINUTE in 2006. That was the rate ($800 billion that year) at which the US was going into debt to the
What Every American Needs To Understand About…
As the United States debates its economic future in light of large government budget deficits, it is important that the public has a clear understanding of how the economy works.
Why Chairman Bernanke Is Wrong [Part One]
There are many areas where my views differ from those of Ben Bernanke. Here is the first. Fed Chairman Bernanke believes in the Monetary Theory of the Great Depression, which
Economics In The Age Of Paper Money
“Irredeemable paper money has almost invariably proved a curse to the country employing it.” So wrote America’s greatest economist, Irving Fisher, in 1911. Sixty years later President Nixon severed the
THE FUTURE: AVERTING DISASTER
The future – the happiness and prosperity of mankind – will be determined by how global supply and global demand are brought back into balance. If the means are found
THE PRESENT: ON THE BRINK OF DISASTER
The global economy is in crisis. Government intervention on a multi-trillion dollar scale is the only thing preventing a worldwide collapse into a new great depression. This crisis is structural,
THE PAST: ABANDONED PRINCIPLES AND MISGUIDED …
When I was born in 1960, the political leaders of the United States believed very strongly that it was their duty to balance the government’s budget and to ensure that
