The history of the U.S. Wild West frontier is rich with tales of gunslingers and cattle rustlers. Even though it seems like a crime of yesteryear, in fact incidents of cattle rustling have spiked in recent years, right along with the price of beef. But have you heard of pistachio and maple syrup rustling? In a nation relatively rich and well-fed, what is behind the rise in agricultural crime? Could the food insecurity that has sparked political turmoil in other parts of the world become a problem for the United States?
Feb 05 2014
Despite silence and zero denials from the conventional media outlets, our post Media Gets It Wrong — Debt Ceiling Suspended (Permanently), Not Raised, appears to have got it right and offers a cautionary observation on prospects for the value of the Federal Reserve’s dollar in the months and years ahead.
Despite a big to-do about the impending Congressional battle over raising or refusing to raise the debt levels in one way or another (ceiling began in 1917), the newly enacted law of the land in the U.S. remains unmentioned in mainstream media, with annual theater proceeding just as it has for hundreds of years.
On October 20, 2013, U.S. law changed to transfer final spending authority from the legislative to the executive branch. The little-noticed yet epic transfer of power was enacted as part of the Continuing Appropriations Act passed on October 17, 2013.
Feb 04 2013
While most of the world clings to its doomed global fiat currency system, desperate to keep the Ponzi scheme afloat for as long as possible, a small number of governments have set up laws that anticipating the changes, and will benefit their neighbors and citizens.
Singapore took one more step towards becoming “the new Switzerland,” as Mike Maloney often calls it, when Swiss precious metals refiner Metalor decided to build a new refinery on the Pacific Rim, as reported by Metalor Group CEO Scott Morrison:
Dec 28 2012
On the first Friday of every month, the Bureau Of Labor Statistics (BLS) issues the Jobs Report. This report oftentimes is a predictor and influencer of future economic reports. For this and many other reasons, the rhetoric surrounding these reports is filled with political posturing. To cut through the hot air to the true picture, it’s important to understand what the Jobs Reports say… and don’t say.
Dec 07 2012
Ever since the November elections, the primary stories in the media have been about one aspect or another of the so-called Fiscal Cliff. Most of these reports fail to address fundamental economic realities. The lack of clear and accurate media reporting, on the one hand, and the fallacies that are promoted, on the other, are in part responsible for the fact that most Americans are tragically ill-informed about how the economy and our global monetary system work, and thus ill-equipped to protect themselves and provide security for their families. Let’s take a look at some surprising facts:
Nov 20 2012
As Western investors continue to agonize over the United States’ impending “fiscal cliff” and whether Europe’s recent currency expansion and debt relief programs will save the euro, the nation of Peru, little noticed by pundits and major media outlets, is providing an example of how to do things right. Both the media and the leaders of the world’s largest economies might do well to borrow a page from Peru, which has consistently delivered GDP growth of between 6% and 9% year over year. So what is Peru doing right that the rest of the world is doing wrong?
Nov 01 2012
Candy Candy Candy: The Halloween Video Guide to Exchanging and Trading Candy
Kid-safe Version of Buzzfeed's Halloween Guide to Trading Candy.
Credit for the original video: Buzzfeed.com
We did remove a few frames for our family readership.
Yes, as the Halloween video states, “unfortunately, Butterfinger, Almond Joy, and Mounds [bars] should be set aside for the mom-and-dad tax,” because parents will be needing the calories due to rationing groceries as a result of rampant unemployment. Because, for all of the Americans who thought they actually had jobs this Halloween, thanks to the figures from ADP payroll service, sorry, you are still unemployed.
Oct 19 2012
Somewhere around October 5, gas prices in California spiked overnight, with prices going up by 30 cents to 45 cents throughout the state. The immediate question on the minds of most California drivers was, why?
In fact, this is a question that is asked often in California, as the volatility of gas prices causes a range of emotions, from anxiety and anger to aggravation and annoyance. Because rising gas prices can have such a profound effect both on household finances and economic prosperity, let’s take a look at the various factors that can and have caused the price of gas to fluctuate so drastically.
The most obvious factors are the supply and demand of both gasoline and dollars. As reported by Bloomberg earlier this month, an interruption in gasoline supply from refineries led directly to reduced availability to retailers.
Oct 05 2012
For too long, the economy has been run by people with lots of letters behind their names—all of whom are certain they know better than the markets and even better than history. They are the academic elite running the Federal Reserve and other central banks worldwide, arguably the most powerful, influential group of people in the world. There’s just one problem: Their solutions aren’t working.
Rothbard Shone Light On Destructive Influence of Government Intervention
Economist, historian and social philosopher Murray Rothbard carried into the late 20th century Ludwig von Mises’ teachings that economies are based in the logic of rational human action and picked up where F.A. Hayek left off in refuting Keynesian economics.