Jeff Nielson's  Instablog

This was a commentary which I had intended never to write. The reason is that by this point in time I simply assumed that the topic would have been covered so many times that any further analysis would be redundant. How wrong I have been!

Like all commentators, I am somewhat constrained in what I write about: it has to be a subject in which people have interest. Sure, I could write about Greek mythology or backpacking in Bolivia, but if no one reads it, it becomes a fruitless exercise – and raises that cliché question “if a tree falls in a forest...?”

There are no shortage of universal truths in economics for people, like myself, who like to study “the big picture”. As I see discussions of current unemployment, and speculation about future employment prospects, it is clear that no other commentators understand the long-term dynamics of employment.

Since I began writing about silver, one of the first facts which really caught my eye was that there had been more, new silver patents than for any other metal. More patents translates into more, new products and applications – which, in turn, translates into greater demand.

“I believe deeply that it's very important to the United States, to the economic health of the United States, that we maintain a strong dollar policy.”

        -U.S. Treasury Secretary Timothy Geithner, November 11^th, 2009

As I have previously stated, the economic propaganda which the U.S. government calls “statistics” do not just represent exaggerations of actual data – but often simply complete fabrications. The most obvious example is that any and all state-by-state data shows the U.S. economy still plummeting downward, while “national” data (i.e. the aggregate total of the state-by-state data) shows the U.S. economy mildly improving.