American History–Panic of 1893–Videos

Posted on July 13, 2012. Filed under: American History, Blogroll, College, Communications, Economics, Employment, Federal Government, government spending, history, Inflation, Language, Law, liberty, Life, Links, media, Monetary Policy, Money, People, Philosophy, Politics, Raves, Regulations, Taxes, Technology, Unemployment, Video, Wealth, Wisdom | Tags: , , , , , , , , , , , |

Murray Rothbard on Economic Recessions

The Panic of 1893 with Lawrence Reed

William Jennings Bryan’s Cross of Gold Speech 

Background Articles and Videos

American Monarchy

The Wizard of Oz and the 1896 Presidential Election

Excerpt from NPR program on the hypothesis that the book, The Wizard of Oz, was based on the 1896 presidential election and the controversy over gold vs. silver as a monetary standard.  It might be noted that the hypothesis is still a matter of controversy.

Murray Rothbard vs  Nationalization pt2 

Anarchism and Terrorism in the 1890s | by Jeff Riggenbach

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Slaughtering The PIGS (Portugal, Ireland, Italy, Greece and Spain)–The Coming Defaults in Sovereign Debt–Euro Collapse–Videos

Posted on April 24, 2012. Filed under: American History, Blogroll, Communications, Demographics, Diasters, Economics, Federal Government, Federal Government Budget, Fiscal Policy, history, Inflation, Investments, Language, Law, liberty, Life, Links, media, People, Philosophy, Politics, Raves, Talk Radio, Tax Policy, Taxes, Unemployment, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , |

Axel Merk – Euro Contagion

The Eurozone Sovereign Debt Crisis: Investment Risks and Opportunities

Inside the Issues 2.20 – Sovereign Debtors in Distress

Following the recent CIGI-INET (Institute for New Economic Thinking) conference Sovereign Debtors in Distress, Pierre Siklos explains how European countries have become indebted in an unsustainable manner, and what financial mechanisms and policy options exist for states on the verge of default. A conference participant at Sovereign Debtors, Siklos is also a CIGI Senior Fellow and director of the Viessmann European Research Centre at Wilfrid Laurier University.

CIGI-INET Sovereign Debtors: Conference Overview

The CIGI-INET partnership brings together two world-class organizations that are tackling common problems together. “Sovereign Debtors in Distress” was the first CIGI-INET conference held in Waterloo, Ontario, Canada, and focused on unraveling the complex global threat of unsustainable sovereign debt. This video, featuring comments by CIGI Executive Director Thomas Bernes, INET Executive Director Robert Johnson, and the world-leading experts who participated in this conference, provides an overview of the discussions held from February 24-26, 2012.

CIGI-INET Sovereign Debtors: Roadmap for dealing with sovereign debt crises

Sovereign Debtors in Distress conference chair Susan Schadler joins panellists Michael Bordo (Rutgers University), Lewis Alexander (Nomura) and Martin Gilman (Centre for Advanced Studies) to discuss the roadmap for dealing with sovereign debt crises in the future.

CIGI-INET Sovereign Debtors: Institutional reform for sovereign debt crises

CIGI-INET Sovereign Debtors: Lessons from the Past

European Debt Crisis Explained

Europe’s Sovereign Debt Crisis: Causes, Consequences for the United States, and Lessons Learned

Northern EUSSR countries bail out more PIGS (07Apr11)

“SORRY – NO ONE BELIEVES YOU ANY MORE” – Nigel Farage

Debating the collapsing Euro and European economies, part1/2 (21Apr12)

Debating the collapsing Euro and European economies, part2/2 (21Apr12)

Moore Says Europe Debt Default Biggest Risk for Markets

Are Central Bankers just Economic Make-up Artists, Sexing-up Prices? 

Debt-ridden Countries IMF’d as “Euro Collapse” threat lures Bailout Bucks w/Michael Hudson

Marc Faber, “The Ego of Mr. Bernanke has been Badly Inflated”

Jim Rogers on Ben Bernanke, the Dollar and “Saving the Saver”

Marc Faber the Great Depression all over again

Marc Faber – When the Government Will Take Your Gold

Stimulus High Fading, Dollar, Gold, History According to Obama

Peter Schiff on Max Keiser Report April 2012

Eurozone’s debt troubles continue

Dutch Government Resigns as Austerity Talks Fail

Euro bounces back on solid Dutch debt sale

Point Break: ‘Spain last nail in Euro-coffin’

Spain sells bonds but pays higher yields

Willem Buiter: Spain And Italy Could Default In Months Or Less

After Second Bailout, Is Greece Still Likely to Default?

Marc Faber – Is Greece Irrelevant for global Markets – 10 feb 2012

Big contrast in Iberian debt 

Spain and Italy borrowing rates soar in latest auctions

Borrowing costs for both Spain and Italy rose today in their latest auction of government bonds.

“…Spain’s borrowing rate nearly doubled in a short-term debt auction as investors fretted over the euro zone’s determination to deal with its debts.

And Italy raised nearly €3.5 billion in a short-term bond sale today but at sharply higher interest rates amid fresh concerns over the euro zone outlook, the Bank of Italy said.

The Spanish treasury said it raised €1.933 billion but the timing could hardly have been worse, with financial markets slumping on concern that Europeans are wavering in their commitment to austerity.

The sale of three-month and six-month bills came a day after Spain’s central bank declared the country had plunged back into recession in the first quarter of 2012.

Markets were shaken after a first round of French presidential elections on Sunday put Socialist Francois Hollande, who wants the euro zone to focus on growth rather than austerity, ahead of incumbent Nicolas Sarkozy. The two contenders face off in a final vote May 6.

Further undermining stability, the Netherlands’ government collapsed yesterday after failing to reach agreement over austerity measures, placing its AAA credit rating at risk. But Spain still managed to lure strong interest in the auction with overall demand outstripping supply by more than four-to-one.

The money raised was towards the top of its targeted range of €1-2 billion. But it had to pay a steep price. The borrowing rate leapt to 0.634% from 0.381% for three-month bills and to 1.58% from 0.836% for six month bills, when compared with the last similar auction on March 27.

Spain has promised to cut its public deficit – the annual shortfall of income compared to spending – to 5.3% of gross domestic product in 2012 and just 3% of GDP in 2013. Last year it had allowed the deficit to hit 8.5% of GDP – 2.5 percentage points over target.

Desperate to meet its targets, the government approved €27 billion in fiscal tightening in its 2012 budget, in addition to an earlier round of tax increases and spending cuts amounting to €15.2 billion. …”

http://www.rte.ie/news/2012/0424/spain-borrowing-rate-soars-for-short-term-debt.html

UPDATE 1-More grief for Greece as recession seen deeper

By George Georgiopoulos

“…Greece’s economy will contract a deeper than expected 5 percent this year, the country’s central bank chief said on Tuesday, piling more pressure on to a citizenry already battered by crippling austerity and record joblessness.

The projection topped a previous forecast the central bank made in March, when it projected the 215 billion euro economy would contract 4.5 percent after a 6.9 percent slump in 2011.

Twice bailed-out Greece is in its fifth consecutive year of recession.

Speaking to shareholders at the central bank’s annual assembly, George Provopoulos, also a European Central Bank Governing Council member, urged strict adherence to reform and fiscal adjustment commitments Greece has agreed with its euro zone partners, saying they were needed to return the economy to sustainable growth.

Athens is under pressure to apply more fiscal austerity to shore up its finances as part of a new rescue package agreed this year with its euro zone partners and the International Monetary Fund (IMF) to avert a chaotic default.

Its continued funding under the 130 billion euro package will hinge on meeting targets.

Provopoulos warned that Greece’s euro zone membership was at stake if it failed to follow through on its pledges, especially after national elections next month.

“If following the election doubts emerge about the new government and society’s will to implement the programme, the current favourable prospects will reverse,” he said.

Greece is set to pick a new government on May 6, with the two main parties in the current coalition seen barely securing a majority in parliament, according to the latest opinion polls.

Whoever wins will have to agree additional spending cuts of 5.5 percent of GDP, or worth about 11 billion euros for 2013-2014, and gather about another 3 billion from better tax collection to keep getting aid, the IMF has said. …”

http://www.reuters.com/article/2012/04/24/greece-cenbanker-idUSL5E8FO4VU20120424

Background Articles and Videos

 

Euro is Dead – Long Live Germany? Anger over PIGS states’ bailout

Future of the US and Europe with Nigel Farage and Lew Rockwell on

Michael Pento, Eurozone Crisis, US Housing Bailouts? – Capital Account (11/11/11)

Gerald Celente talks Trade Wars, Eurozone Breakup, and MF Global

Greek crisis & Euro collapse-On the Edge with Max Keiser-12-02-2011

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American People Are Waking Up–Time For A New Political Party–Ron Paul First President–Are You A 3 Percenter?–Videos

Posted on January 17, 2012. Filed under: Blogroll, Business, College, Communications, Economics, Education, Employment, Federal Government, Fiscal Policy, Foreign Policy, government, history, Inflation, Law, liberty, Life, Macroeconomics, media, Microeconomics, People, Philosophy, Politics, Psychology, Rants, Raves, Security, Talk Radio, Tax Policy, Taxes, Unemployment, Video, War, Wealth, Weapons, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

G. Edward Griffin – The Collectivist Conspiracy

“In this exclusive 80 minute video interview, legendary conspiracy author G. Edward Griffin explains how his research, which spans no less than 5 decades, has revealed a banking elite obsessed with enforcing a world government under a collectivist model that will crush individualism and eventually institute martial law as a response to the inevitable backlash that will be generated as a result of a fundamental re-shaping of society.

Griffin discusses the similarities between the extreme left and the extreme right in the false political paradigm and how this highlights a recurring theme – collectivism. Collectivism is the opposite of individualism and believes that the interests of the individual must be sacrificed for the greater good of the greater number, explains Griffin, uniting the doctrines of communism and fascism. Both the Republican and Democrat parties in the United States are committed to advancing collectivism and this is why the same policies are followed no matter who is voted in to the White House.

“All collectivist systems eventually deteriorate into a police state because that’s the only way you can hold it together,” warns Griffin.

Carroll Quigley, Georgetown University Professor and mentor to former president Bill Clinton, explained in his books Tragedy and Hope and The Anglo-American Establishment, how the elite maintained a silent dictatorship while fooling people into thinking they had political freedom, by creating squabbles between the two parties in terms of slogans and leadership, while all the time controlling both from the top down and pursuing the same agenda. Griffin documents how the Tea Party, after its beginnings as a grass roots movement, was later hijacked by the Republicans through the likes of Sarah Palin and Glenn Beck.

Pointing out how Republicans and Democrats agree on the most important topics, such as US foreign policy, endless wars in the Middle East, and the dominance of the private banking system over the economy, Griffin lays out how the left-right hoax is used to steer the destiny of America.

Griffin also talks at length on a myriad of other important subjects, such as the move towards a Chinese-style censored Internet, the demonization of the John Birch Society as a racist extremist group, the Hegelian dialectic, the power of tax-exempt foundations and the Council on Foreign Relations, the movement towards world government, and the question of whether the elite are really worried about the growing awareness of their agenda amongst Americans.”

An Idea Whose Time Has Come – G. Edward Griffin – Freedom Force International – Full

There is no point in worrying about the erosion of personal freedom that is the reality of our present era if we can do nothing about it. They say that knowledge is power, but that is one of the greatest myths of all history. Knowledge without action is useless and leads only to apathy and despair. So the question is: what type of action can reverse this trend? Writing letters and signing petitions to the same people who have created the problem is not going to do it. Voting for candidates selected by power brokers with hidden agendas will not do it either. There have been many proposals to reverse the tide of totalitarianism but, after decades of effort, none of them have worked. In this address, G. Edward Griffin, Founder of Freedom Force, tells us why; and the reason is so simple, it will astound you. Once we clear away that single barrier, the plan for a pro-active counter-force falls quickly into place. This is the missing piece of the puzzle, the ultimate solution we have been seeking. Visit http://www.freedom-force.org
The solution is simple. It is to take back control of the power centers of society, one-by-one, just the way they were captured in the first place. Replace the collectivists with people who have no personal agendas except to defend freedom. This will unleash the vast human potential for prosperity and happiness that can be realized only in the absence of government oppression. However, to reach that goal, it will be necessary for those who cherish freedom to do more than complain and far more than just casting a vote every few years. They must reach for power. That is the reason for the motto of Freedom Force: Impotentes defendere libertatem non possunt, which is Latin for “Those without power cannot defend freedom.”

G. Edward Griffin- On Individualism v Collectivism #1

G. Edward Griffin- On Individualism v Collectivism #2

G. Edward Griffin- On Individualism v Collectivism #3

G. Edward Griffin- On Individualism v Collectivism #4

The Best Enemies Money Can Buy – Prof. Antony C. Sutton

“…A classic interview by Professor Antony Sutton, who taught economics at California State University, and was a research fellow at Stanford University’s Hoover Institution. In this talk, Prof. Sutton goes into his impeccable research on how a close-knit group of Western financiers and industrialists (centered around Morgan and Rockefeller in the US, and around Milner and the City financiers, in the UK) created and sustained their three supposed enemies right from the very beginning: Soviet Russia, Nazi Germany, and FDR’s Fabian socialism.
Particularly, he goes into how Wall Street/City of London financiers used their banking institutions and their industrial enterprises to:
1) Help finance and sustain the Bolshevik Revolution. Build up Soviet industry during Lenin’s Five-Year Plans, both through finance, technology/industrial transfers and technical assistance. Continue to build the Soviets throughout the entire Cold War, through the same kinds of deals. This included the Korea and the Vietnam eras, during which American troops were being killed by… Western-made Soviet equipment.
2) Build up Nazi Germany, both financially and industrially;
3) Get FDR into power in America as their man, and even draw up the New Deal policies, especially FDR’s National Recovery Act — designed by Gerard Swopes of General Electric and deeply welcomed by Wall Streeters Morgan, Warburg and Rockefeller.
Sutton was not a wild speculator. He was a distinguished academic researcher who documented his conclusions impeccably in his several works. Not being able to counter his research, the establishment (including academia) simply attempts to ignore it, and pretend it isn’t there. The purpose for these Wall Street policies was very simple: to create, and globalize, what Sutton calls Corporate Socialism. A system under which everything in society is ruled by the state, and the state is, in its stead, controlled by financiers who, hence, get to rule and manage society, to their liking. In other words, to get society to work for the financiers, using a socialist state as an intermediary. This is what we now know as the globalization economic model. As a result of all the clashes of the 20th century, most notably WWII and the Cold War (fought between powers that were manipulated and controlled by these banker cliques), the world has been ‘globalized’. Meaning that it has been entirely taken over by these financiers, and is ever closer to being completely ruled by them, through not only the national states and national central banking systems, but mainly through supranational agencies and institutions.
Go into Professor Sutton’s books, most notably the Hoover Institute’s series on Western technological/industrial transfers to the Soviets and the ‘Wall Street’ trilogy. If you have a difficulty in purchasing the original books, you’ll find most of them are easily available online, on pdf form. …”

Capitalist Elites Funded the Bolshevik Revolution [Professor Antony Sutton] 

Socialism – A Tool of the Capitalist Elite [Professor Antony Sutton]

George Carlin -“Who Really Controls America”

Background Articles and Videos

The Creature From Jekyll Island (by G. Edward Griffin) 

Rare year 1982 video with G. Edward Griffin & Norman Dodds#1

Rare year 1982 video with G. Edward Griffin & Norman Dodds#2

Rare year 1982 video with G. Edward Griffin & Norman Dodds#3

Rare year 1982 video with G. Edward Griffin & Norman Dodds#4

Rare year 1982 video with G. Edward Griffin & Norman Dodds#5

Rare year 1982 video with G. Edward Griffin & Norman Dodds#6

Rare Carroll Quigley interview – 1974 (Full Interview) 

G. Edward Griffin on ‘Glen Beck’ Exposes Criminal Nature and Total Secrecy of Federal Reserve System

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Cracking Communist Chinese Currency–Float The Yuan/RBN or Devalue Your Currency Via U.S. Dollar 10% Per Year For Next Five Years Or Face U.S. Import Ban–No Pressure–Your Choice–Videos

Posted on October 14, 2010. Filed under: Blogroll, Communications, Demographics, Economics, Employment, Fiscal Policy, Foreign Policy, government spending, Investments, Law, liberty, Life, Links, media, People, Philosophy, Politics, Rants, Raves, Security, Taxes, Technology, Video, Wisdom | Tags: , , , , , , , , , , , |

“The valuation of the monetary unit depends not upon the wealth of the country, but upon the ratio between the quantity of money and the demand for it, so that even the richest country may have a bad currency and the poorest country a good one.”

~Ludwig von Mises, The Theory of Money and Credit, page 278.

“The peculiar character of the problem of a rational economic order is determined precisely by the fact that the knowledge of the circumstances of which we must make use never exists in concentrated or integrated form but solely as the dispersed bits of incomplete and frequently contradictory knowledge which all the separate individuals possess. The economic problem of society is thus not merely a problem of how to allocate “given” resources—if “given” is taken to mean given to a single mind which deliberately solves the problem set by these “data.” It is rather a problem of how to secure the best use of resources known to any of the members of society, for ends whose relative importance only these individuals know. Or, to put it briefly, it is a problem of the utilization of knowledge which is not given to anyone in its totality.”

~Friedrich A. Hayek,  The Use of Knowledge in Society

September, 1945, American Economic Review. XXXV, No. 4. pp. 519-30. American Economic Association

http://www.econlib.org/library/Essays/hykKnw1.html

Capitalism in China: Should We Trade With Them? – Ayn Rand Center for Individual Rights

Dr. Milton Friedman speaking about Free Trade

The looming China-U.S. showdown

Battling over the Yuan – F24 101001

China’s Wen Jiabao: ‘Dont pressure us to raise RMB rates’

 

Lee Says China Will Appreciate Yuan to Prevent Trade War: Video

 

Eurozone troika urges ‘broad-based’ currency appreciation in China

 

Inside Look: China Currency Controversy

 

China Currency and Trade Wars

Peter Schiff – June 21 2010 – Appreciation Of The Chinese Currency Means The Implosion Of The Dollar

Mar 24 10 Hearing on China’s Exchange Rate Policy, Niall Ferguson Opening Statement

 

Mar 24 10 Hearing on China’s Exchange Rate Policy, C. Fred Bergsten Opening Statement

 

Mar 24 10 Hearing on China’s Exchange Rate Policy, Clyde Prestowitz Opening Statement

 

Mar 24 10 Hearing on China’s Exchange Rate Policy, Philip Levy Opening Statement

 

The U.S. and China (Ted Galen Carpenter)

 

Government intervention into markets always requires even more government intervention to correct past mistakes.

The central bank of the People’s Republic of China (PRC) would be well advised to just let their currency freely float against the currencies of the world.

This would mean the PRC’s official currency the  renminbi or RMB and its unit of currency the yuan  would rise in value against both the U.S. dollar and the Euro.

Yes, this would mean the PRC’s export goods would be more expensive for both Americans and Europeans and conversely American and European goods and services would be cheaper to purchase for the PRC.

The result would be a decline in the growth of exports to the United States and Europe. 

The Chinese people need to be able to increase their level of consumption and reduce their savings rate to absorb the production that currently goes almost entirely abroad as exports.

Should the PRC implement such a strategy, it would be advised to stop purchasing United States Treasury debt and as the U.S Treasury obligations mature use the dollar payments to purchase natural resource assets in the United States.

In other words diversify your portfolio out foreign government obligations into natural resources that your economy needs to manufacture goods.

As a second best solution, gradually appreciate the renminbi against the U.S. dollar at 10% per year for five years and then freely float the yuan.

Since the U.S unemployment rate is expected to exceed 8% for at least the next three years, the appreciation of the renminbi at 10% a year for five years would lead to a decline in U.S. unemployment due to increase in U.S. exports and and a rise in the demand for Chinese exports as the U.S economy recovers from the recession.

Absence an improvement in the U.S. employment situation, demand for Chinese exports would be flat or even decline.

Therefore, it is in the interest of both countries  governments to have an appreciation of the renminbi.

The U.S. Federal Reserve should also abandon its practice of intervening in the  U.S money market by attempting to set target Federal fund rates to expand the money supply and in turn credit.

Will any of the above actually happen?

Not likely.

The ruling classes of United States and the People’s Republic of China actually believe they are have the intelligence and knowledge exceeding that of free markets.

Both ruling classes are only fooling themselves.

Both are wrong.

Let the currency wars begin.

Let the ruling class of both parties demonstrate they care less for the welfare of their people.

Let the  American and Chinese people determine the fates of their ruling class.

Increasing  unemployment in both countries will lead to a revolution and the overthrow of both ruling classes.

The free market will over time prevail and the ruling class control freaks with their failed government interventionist economic policies will be replaced.

Power of the Market – How to Cure Inflation 1

 

 

Power of the Market – How to Cure Inflation 2

 

Power of the Market – How to Cure Inflation 3

 

 

“We shall not grow wiser before we learn that much that we have done was very foolish. “

~Friedrich A. Hayek

“Perpetual vigilance on the part of the citizens can achieve what a thousand laws and dozens of alphabetical bureaus with hordes of employees never have and never will achieve: the preservation of a sound currency.”

~Ludwig von Mises, The Theory of Money and Credit, page 495

 

 

Background Articles and Videos

 

China’s Economy in the Post-Crisis World

 

Obama Pressed On New Global Currency At Presidential News Conference

 

Related Posts On Pronk Palisades

Chinese Communist State Company–China National Offshore Oil Corp.(CNOOC)–Invests In Texas Oil–Videos

Printing More Money (Quantitative Easing) and The Coming Currency War and Decline In The Purchasing Power of The U.S. Dollar–Robbing The American People–Videos

The Monetarization of The Debt and Quantitative Easing: The Federal Reserve is printing $1,000,000,000,000!–Run-Away Inflation Coming Soon!

 

 

 

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