Other Experts
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Other Experts |
Not only are the eurozone's troubles
with Greece understated and misunderstood but, as Münchau expertly explains,
the problems in Europe go way beyond this. Under almost any scenario, the
common currency appears headed in only one direction: DOWN.
Citi: The Commodity Collapse Could be “Subprime Part II”
– Joe
Weisenthal, 11/23/09 – The Business Insider Green Sheet;
www.businessinsider.com
In our own November issue, we lay out a couple scenarios that might soon
lead to violent reversals of all the dollar carry trade-fueled manias in
gold and elsewhere. Here’s another take on the situation.
Why
Bernanke is in Panic Mode
by Dr. Gary North, posted 8/2/09 to
www.goldseek.com
The Helicopter Ben-led Federal Reserve does not want you to know its
business. Dr. Ron Paul’s Fed audit bill is now all but dead (as of late
November). The central bank is stonewalling on court cases brought under
the Freedom of Information Act to come clean as to how much funny money has
been doled out behind the scenes, and to whom, as it ostensibly acts to
rescue the markets. Even the U.S. Treasury has to maintain some
accountability, even if its after the fact; do you suppose the Fed can tell
Congress, the courts and the public to go to Hell because they are NOT
really a part of the government?
Food
Will Never be so Cheap Again by Ambrose Evans-Pritchard; 10/25/09,
from
www.telegraph.co.uk
The gold mania is interesting and suspect for a few reasons; not the least
of which is you can’t eat gold. Evans-Pritchard explains here why
one of the next high-profile bull moves could come from what you can
eat.
The Effects of Epic Stimulus by Chris Mayer; from The Daily Reckoning of 9/10/09; www.dailyreckoning.com
The
Liquidity Pipes Remain Clogged by Gillian Tett; 8/6/09 from
www.FT.com
The Financial Times’ award-winning columnist explains how the U.S. has
embarked on the same kind of ill-fated “stimulus” as did Japan in the
1990’s. All those measures accomplished in “the Land of the Setting Sun”
were to bolster financial markets at the expense of the economy, and greatly
increase the public debt. We’ll be lucky if that’s all that happens as the
U.S. repeats Japan’s errors.
Downside Danger: Why the World’s Central Banks Must Become More Vigilant About Falling Prices -- by Ben S. Bernanke -- The then-member of the Fed’s Board of Governors gives us a glimpse into his mind in this fascinating piece from the November/December, 2003 issue of Foreign Policy. In it he, in part, lays out the road map he has followed as Fed Chairman as he attempts to slay this deflationary monster.
The Economy Has Hit Bottom -- by Alan Blinder (from the July 24, 2009 Wall Street Journal) -- The former Fed vice-chairman explains why you should be wary of coming “good” economic reports
Hyper-Deflation on the Streets of Paris
by Bill Bonner,
from the June 26, 2009 issue of The Daily Reckoning --
www.thedailyreckoning.com
History of China
-- by Robin Bromby, from the July 16 issue of
Australia's on-line publication www.Miningnewspremium.net
Any analysis of what's happening in China must include a realistic
assessment of the once and would-be empire's mind set...
Warning: More Doom Ahead by Nouriel Roubini, from the Jan./Feb. 2009 issue of Foreign Policy -- www.foreignpolicy.com
Local Currencies to Build Resiliency: Time Dollars (from the Spring, 2009 Green America Today newsletter.)
The welcome, healthy movement towards localized currencies that benefit people—as opposed to the “banksters”—has received an unintended boost from the economic upheaval. This is a movement Chris wrote on some time ago in profiling a local currency (Ithaca HOURS) based in our native upstate New York.
Ponzi Prosperity – Built-to-Fail Economic Models by Satyajit Das
A technical yet thorough guest piece found recently on Prudent Bear’s web site (www.prudentbear.com) which, when you boil it down, some would sum up with two words: We’re doomed!
Hyperinflation or Deflation? by Puru Saxena
As subscribers will read in our own July issue, we take a somewhat different position on this question; but like Saxena’s characterization of the “flations” ahead of us nevertheless. It was the July 9 guest commentary on the daily e-mail newsletter from The Daily Reckoning (www.thedailyreckoning.com)
In Praise of Folly by Randall W. Forsyth--- Pinch-hitting for Alen Abelson in the “Up and Down Wall Street” column in the March 19 Barron’s, Forsyth adds his own indictment of the folly of former Fed Chairman Alan Greenspan who among other things helped give birth to the “innovations” that have spawned the beginnings of an historic housing (and broader credit) blow-up. CHICK HERE to read Forsyth’s piece together with our own comments.
I.M.F. Gets Bearish on Metals -- This is an editorial by The Northern Miner (its issue dated September 15-21, 2006) concerning a recent International Monetary Fund report that is decidedly downbeat on the long-term trend for certain commodities. (As always we throw in our two cents at the end-and especially have some things to add on this subject!)
Gold: Challenging Fundamentalism -- By Kevin Norrish and Kamal Naqvi (from the April 12-18, 2004 issue of The Northern Miner. The writers here look at what they call the "five pillars" of the bullish case for gold--and discuss why gold bulls have become too complacent.
"The End of Empire"--by William Greider
Straight Talk on Mining--by Keith Barron, Ph.D.
(NOTE: This guest item was included in the April, 2002 issue of The National
Investor. In it, Keith Barron lays the groundwork for what could be the next big
phase of gold's new bull market)
The Deflation Monster--By Jude Wanniski, posted November 12, 2001 http://www.gilder.com/AmericanSpectatorArticles/Deflation.htm
An Analyst's View: It's a Mistake to Depend on Foreign Farm Labor--By Mark Krikorian, The Idaho Statesman, Sunday, July 22, 2001 (posted August 20, 2001) http://www.idahostatesman.com/news/daily/20010722/Editorials/139874.shtml
The End of Paleoconservatism--By James Lubinskas, FrontPageMagazine.com, November 30, 2000 (posted June 13, 2001)
A Surprising Quiz: Bush's First 100 Days--By Steve Dasbach, posted June 5, 2001
Imperial Pretensions--By Doug McIntosh, May 28, 2001 (posted on June 5, 2001)
An Unlikely Conspiracy, An Entirely Likely Swindle--By Doug Casey-- http://www.dailyreckoning.com, May 16, 2001
"The Fed, The Fed, The Fed"--By Professor Hans F. Sennholz (also included in the April 2001 issue)
These Are Conservatives?--By Chuck Baldwin, February 16, 2001 (posted on March 15, 2001)
Why The War On Money Laundering Should Be Aborted--Presentation by Richard W. Rahn at the conference: Financial Cryptography 2001, February 20, 2001
Transformation of American Opinion--By Lew Rockwell--Turn off the electronic toilet (TV), grab your favorite beverage and absorb this exceptional assesment of America past, present and future by the founder and president of The Ludwig von Mises Institute.
How Adam Smith Would Handle China--by Patrick Buchanan
David Korten on "The Betrayal of Adam Smith"
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