The Golden Rule - 1871 to 1913 Classical Gold Standard

Written By: The WealthCycles Staff
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testiomials Then something magical happened... international trade and foreign investment exploded! Countries found it more advantageous for their economies to end the protectionism that was considered normal and engage their neighbors in trade. Barriers fell, tariffs were eliminated, and a new era of international business and prosperity was ushered in.”

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Doing the Continental - The First U.S. Hypernflation

Written By: The WealthCycles Staff
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testiomials "If in the pursuit of the means we should unfortunately stumble again on unfunded paper money or any similar species of fraud, we shall assuredly give a fatal stab to our national credit in its infancy. Paper money will invariably operate in the body of politics as spirit liquors on the human body. They prey on the vitals and ultimately destroy them. Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice." George Washington, January 9, 1787”

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Hazlitt Deconstructs Keynes on Natural Rate of Interest

It is a new era?

It is best to be a consumer, and "help to further trade"?

As we started in Big Spenders Not Key to Real Economic Health:

This audio clip from Henry Hazlitt's The Failure of the New Economics, starts with a Keynes quote on interest rates, and then Hazlitt corrects, as it goes in line-by-line fashion "unpacking fallacies" that oft share a common thread with the staccato of others found riddling the General Theory. In under 10 minutes it ends with Patrick Barrington's sarcastic poem "I Want to be a Consumer," published in a 1934 issue of Punch, mocking the prevailing economic thought of the time that would come to sweep away governments with the promise of miraculousity of magical money from nowhere.

 

 

 

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Is Kress already king of the oligarchs?

A fellow gold and silver enthusiast with excellent record calling most major stock market turning points since 1997, Clif Droke, writes:

While cycles are important, having the right set of cycles is absolutely critical to an investor’s success. 

We couldn't agree more, and as animals act en masse (and see: Silver, Gold, and the Future of Hunger and Slavery), with efficient market hypothesis assumption especially in a time of incredible manipulation, maths on price (rather than values) are not as useful. Further, as Mike Maloney oft quips, technical analysis is wrong at least 60% of the time.

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Who Benefits from ‘Moderate’ Inflation?

The fallacy that inflation is beneficial has gained great traction in recent years. The generation of working, saving U.S. taxpayers that lived through the runaway inflation of the 1970s came out of it convinced that inflation must be stomped out at all costs. But it turned out zero inflation wasn’t so great for the sectors of society with the most the economic and political power—government and political leaders, financial institutions and the banking system. So a process of re-education of the public began, with central bankers and politicians explaining that a certain level of inflation was necessary to create jobs and allow the economy to grow, and mainstream media obligingly echoing the conventional wisdom.

From that highly effective propaganda campaign emerged what is now widely accepted as economic dogma, that a slow, steady rise in inflation at some pre-determined rate is the optimal condition for healthy economic growth.

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Farmers Increase Potassium Help Plants Discriminate over Cesium

On September 12, we re-blogged Iori Mochizuki in What's The Fukushuma 311 - Japanese National Now Reporting from Romania, where we find a volcanic passion to do what is right, and we showed what was at the time, a newly smoking volcano on the Pacific Ring of Fire.

Now the same volcano, Russia's Klyuchevskoy, north of Japan, has just sent a pillar of fire 1000M into the sky:

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Can Bitcoin Be Tamed?

Bitcoin, the virtual alternate currency that has swept the tech world, made headlines again recently when a billion-dollar Bitcoin-based enterprise called Silk Road was shut down in the wake of the arrest of its operator on a variety of shocking charges. The crack-down was cheered by investors and entrepreneurs hoping to convince regulators of Bitcoin’s respectability. But even if the online currency is corralled and regulated and co-opted by the government, there’s nothing to say “miners” outside the regulatory system can’t continue transacting with non-official, free-range Bitcoins. After all, the decentralized alternative currency was designed for just that purpose.

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Bank of England’s Carney Criticizes Japan for Wrong Mistakes

Mark Carney, the new Governor of the Bank of England, recently expressed the need for the British economy to avoid the “mistakes” that resulted in Japan’s so-called “Lost Decade” and continuing economic doldrums. The only problem is, Carney has it wrong about what those mistakes were.

Carney contends that Japan, when its economy slumped into recession in the 1990s, did not sufficiently reform its banking sector and rolled back its stimulus efforts too soon. Carney blames those shortcomings for what came to be known as Japan’s “Lost Decade”—or, more correctly, “Lost Decades.” As WealthCycles.com wrote back in 2010:

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Orwell Correct-Slavery Returned Precisely by 1984

On accounts both surveillance and labor.

To watch is to control, additionally, it is in service of other kinds of control.

In 1973, then-U.S. President Richard Nixon said citizens would be okay with the National Security Agency (NSA) doing CIA work, spying on American telecom “to control [the freedom of assembly and speech of] people protesting the Vietnam War.” There’ve been upgrades post 1984, but post telephony, Internet surveillance was “legalized” three years after broad adoption by 1999.

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Miners High-Risk Despite Modern Gold Rush

Just east of Sacramento and right on the edge of the Sierra Nevada mountains lies a seemingly bucolic area that was, in the 1840s, the hub of the California Gold Rush. Today, more than 150 years later, this same region is beginning to experience a mining renaissance. Is it possible that California will experience a second Gold Rush and the economic boom period that accompanied it? Not likely, but there is enough renewed enthusiasm for mining in the state that miners are willing to take on even California’s notoriously onerous environmental hurdles in order to gain access to the “gold in them thar hills.”

In a recent news report for All Things Considered, NPR reporter Lauren Sommer visited the Lincoln Project Mine in Sutter Creek, California, where she saw first-hand the rebirth of mining in the “Mother Lode.” The Lincoln Project Mine is just one of several mines that mining companies either have opened or plan to open in the next few years. If you are wondering why these abandoned mines are re-opening after decades of disuse, the answer is simple: the steadily climbing price of gold.

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