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Proper formatting of this article can be found on author's website at www.economicnoise.com The history of government management of money has, except for a few short happy periods, been one of incessant fraud and deception. Friedrich Hayek The day...
Becoming Poorer By Monty Pelerin , posted April 13th, 2010 http://www.economicnoise.com/2010/04/13/becoming-poorer-2/ Federal Reserve Monster For many years I have believed the US as a people are getting poorer. Two-income families did not arise as a...
Michael Kinsley’s Intuition is better than “Expert Opinion” By Monty Pelerin , posted March 28th, 2010 http://www.economicnoise.com/2010/03/28/michael-kinsley%e2%80%99s-intuition-is-better-than-%e2%80%9cexpert-opinion%e2%80%9d/ In an...
Government Choices By Monty Pelerin , posted March 24th, 2010 http://www.economicnoise.com/2010/03/24/government-choices/ This is a visualization of what the Fed is doing: The chart is from a Martin Weiss article dealing with Bernanke and Fed irresponsibility...
Numbers of the Future By Monty Pelerin , posted March 24th, 2010 http://www.economicnoise.com/2010/03/24/numbers-of-the-future/ ‘Rithmetic Is Getting Harder Little did Richard Feynman know when he made his humorous observation how bad things were...
Inflation or Deflation – Considered Again By Monty Pelerin , posted March 16th, 2010 http://www.economicnoise.com/2010/03/16/inflation-or-deflation-considered-again/ A reasoned view for high inflation is made on Zerohedge. My opinion is that hyperdeflation...
Bonner on Money By Monty Pelerin , posted January 29th, 2010 http://www.economicnoise.com/2010/01/29/bonner-on-money/ For those who want to understand more about money and inflation, the following piece by Bill Bonner of the Daily Reckoning is good reading...
Key to Investment Success — Inflation or Deflation? By Monty Pelerin , posted December 31st, 2009 http://www.economicnoise.com/2009/12/31/key-to-investment-success-inflation-or-deflation/ Inflation or Deflation? For investors, the critical question...
By Monty Pelerin , posted December 4th, 2009 http://www.economicnoise.com/2009/12/04/the-false-definition-of-inflation/ W. C. Fields “How is the human race going to survive now that the cost of living has gone up two dollars a quart? “ W....
By Monty Pelerin , posted December 3rd, 2009 http://www.economicnoise.com/2009/12/03/the-fed-is-nothing-but-an-atm-machine/ The Fed has reached the point where there are two choices — Allow the government to shut down or allow itself to be the Treasury’s...
Inflation changes our perspective of many things, especially numbers. Richard Feynman stated: “There are 10^11 stars in the galaxy. That used to be a huge number. But it’s only a hundred billion. It’s less than the national deficit!...
… your $200,000 ten years ago has been halved in terms of purchasing power. However, in terms of planning purposes, your anticipated retirement amount has been reduced by 75%. Given these outcomes, who will be able to retire? And for those already...
Those arguing that inflation is not a problem are either disingenuous, blind or cheerleading for Washington. Inflation is not happening in wages, nor is it happening in many products where the misallocation of capital has caused oversupply (real estate...
Stocks are off about 80% from their peak, at least as measured in ounces of gold. This chart shows the Dow priced in ounces of gold. Currently, it takes just under 10 ounces of gold to “buy” the Dow. Over time, this ratio has ranged from 1...
There is little doubt in my mind that we are heading for a train wreck. The timing and catalyst that trigger this reaction are much more difficult to determine. The potential catalysts are many, any one of which would trigger the wreck. A dollar crisis...