The state of Connecticut wants to require gold dealers to keep records of all their precious metals transactions. As Jeff Berwick of Dollar Vigilante notes this could be the beginning of an effective gold confiscation in the state. It wouldn’t amount to an outright ban, but by making it difficult to conduct sales because of […]
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Video: How the government is recalculating the GDP to propagandize Americans
The latest Gross Domestic Product number revealed unexpected weakness in the economy by the government and mainstream economists, so guess what? The government is just going to change how they calculate the GDP to make the economy look bigger. Now research and development will be counted in the GDP as investments rather than be written […]
Paul Krugman and his cult of debt that is mainstream Keynesian economics
Charles Hugh Smith of oftwominds.com has the Keynesian paradigm nailed. He calls it the “Keynesian Cargo Cult’s neofeudal financialization debtocracy.” For Paul Krugman and his fellow Keynesians the problem with the economy is always a lack of “aggregate demand” and the cure for that is always more debt and spending. It doesn’t matter what kind […]
More fascism from Mayor Bloomberg
Mayor Michael Bloomberg of New York City thinks our interpretation of the Constitution needs to change since the bombing attack in Boston. Politicker is reporting: In the wake of the Boston Marathon bombings, Mayor Michael Bloomberg said Monday the country’s interpretation of the Constitution will “have to change” to allow for greater security to stave […]
Just how clueless are mainstream economists about what caused the financial crisis?
A new article at DollarCollapse.com makes it painfully clear that mainstream Keynesian economists had absolutely no clue as to what the causes of the financial and economic collapse of the economy were, and failed miserably to predict even a slight problem leading up to the crisis. This of course is not news to those of […]