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Turk: Will Gold Cartel Succeed in Destroying Free Market System in America?

As I see it there are only two outcomes. Either the gold cartel will fail or the U.S. government will have destroyed what remains of the free market in America. I hope it is the former, but the flow of events from Washington and the actions of policymakers suggest it could be the latter. Words: 1654

February 4th, 2010 | Posted in Gold/Silver | Read More »

This ‘Recovery’ is Nothing But an Illusion

A recovery based on stimulus is nothing but an illusion. In reality, the entire inflationary mini-boomlet-within-the-depression we are enjoying at the present time is simply an illusion. ‘GDP growth’ that is bought with monetary pumping and feckless fiscal spending only misdirects and ultimately consumes even more scarce capital. Fiscal stimulus may temporarily give the impression of a recovery, but it is not a genuine recovery. It makes things worse. The moment the pumping is abandoned, the true state of affairs is simply unmasked. Words: 1227

January 9th, 2010 | Posted in Economic Overview,Inflation/Deflation | Read More »

 

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