Vigilance

20-Year Treasury Bond ETF Could Be Safe Haven from Overbought Equities

Treasury bills may be an effective place to protect yourself from devaluation short term. But by now everyone should have got the message that deficit finance and creation of paper money out of thin air by the Fed is a major part of the problem and federal bonds are part of that process. What could be more unpatriotic then than buying mortgages on your country, which is what you do when you buy government bonds? In the long run then (and perhaps not so long) those bonds you purchase will hasten the devaluation and possibly the ultimate destruction of the dollar.

The WSJ Is Right - U.S. Should Return to a Gold Standard

I get a kick out of the argument that gold can't work as money because it is so scarce. That's one of the primary reasons it does work ( and has during most of recorded history). Conversely, it's precisely why paper money never works. Power hungry politicians quickly realize that they can fund as many vote-buying entitlement programs as they want by the simple expedient of printing more money. But they CAN'T inflate gold. How frustrating that would be for the poor dears.
Under the Articles of Confederation, the Continental Congress was granted the power to "emit bills of credit". At the Constitutional Convention, the Founders, deliberately did not include that power because of the disastrous experience with the continental; an early form of currency that became so badly inflated that for years, "not worth a continental" was a popular description of anything worthless. Of course, it is out of fashion these days for our leaders to abide by the Constitution. Mentally, ninety-nine percent of them mentally cross their fingers when they take the oath of office. (Thank Gd for Ron Paul, a noteworthy exception).
It's also ludicrous to claim that arguing for a gold standard is just a republican ploy. When did a Republican Party platform last call for a return to gold?

A Simple Post on Gold

If there's too little gold to function as a medium of exchange, seems to me that's a nice problem than when there is too much paper money. Maybe you've all heard of the man in Germany with a wheel barrow full of the old marks...Someone dumped the marks on the street and stole the wheel barrow.
Gold has been a medium of exchange for thousands of years, which is to say it has outlasted every paper currency. Like a lock pick to a burglar, paper money is a convenient theft mechanism for politicians. It's pretty difficult for politicians to dilute the value of gold but easy to do so with paper money when they have a partner in crime like the so-called Federl Reserve. By inflating the amount of paper money, they water down the soup but gold is not soluble.

It's Inflation, Stupid

Great article. A candle amidst all the bs.....errr darkness.

Stop the Bailout Madness

The most sensible and logical article I've seen here.

A 5-Point Plan for Getting Out of This Mess

I'm with Ronslim...End the Fed and give us sound money. The Founders wisely gave congress the exclusive power to coin (not print) currency. And that same wonderful document did NOT give congress the power to delegate that power.

The Fed's Monetary Expansion Isn't Necessarily a Failure

Clever argument but it doesn't wash. Inflation can result from two causes: Inflating the supply of paper money ( like watering down the soup) and fractional reserves...loaning more than you actually have. Inflating the money supply wasn't necessary ( from their standpoint) back then because Roosevelt confiscated everyon'es gold ( without due process). But margin requirements were extremely low, until the Fed slammed on the brakes by suddenly tightening credit.
End the Fed, restore gold and demand that the government abide by the Constitution.

Fun with Government Bonds

Sure, buy T bills and take out a mortgage on our already bankrupt country.
Here's a novel idea: Why don't we insist that the federal government start abiding by the Constitution? We've had nearly a hundred years of managed economy under the Fed...How about giving the free market a chance? That which is inefficient and unprofitable SHOULD fail. By the way, the Constitution granted congress the power to coin (not print) money and it did not grant them the power to delegate that power to a private cartel

Fun with Government Bonds

Sure, buy T bills and take out a mortgage on our already bankrupt country.
Here's a novel idea: Why don't we insist that the federal government start abiding by the Constitution? We've had nearly a hundred years of managed economy under the Fed...How about giving the free market a chance? That which is inefficient and unprofitable SHOULD fail. By the way, the Constitution granted congress the power to coin (not print) money and it did not grant them the power to delegate that power to a private cartel

Reasons to Bail Out GM

Reasons NOT to bailout GM:
1. It's fascism
2. It won't work
3. The free market always works better than government
4. Government never was given the Constitutional prerogative to enrich one group of people at the expense of another.

A Positive Outlook on the Markets with Obama's New Appointments

It looks like yet another presidential cabinet stuffed with members of the infamous Council on Foreign Relations (CFR). So much for change.

It's Time for the Fed to Get Serious - Barron's

The Fed is more of a streetwalker than a bashful virgin. Many of our economic problems can be attributed to their inflation of our currency and fractional reserves policies. The answer to the current mess we are in is less interference in the free market by the federal government and its un-Constitutional creation, the Federal Reserve, not more.

How Wall Street Has Failed the Individual Investor

Good article, but the list of entities that have failed us did not include the worst ones of all: the federal government and its illegitimate creation, the Fed. Why don't we demand that the Fed stop watering down the lemonade by halting the creation of fiat money? In fact, why don't we demand that the Fed be abolished altogether. And it's about time we started letting unprofitable corporate giants fail instead of foisting their problems off on the already overburdened taxpayers.

Cramer's Mad Money - Tricks of the Trades (11/28/08)

Why does Cramer so often favor federal interference with the free market? Clearly, the economic disasters that have surfaced of late can almost all be traced to governmental intrusions and sanctioned cartels such as the Fed. It would seem that someone who has become so successful through the free market, would favor a restoration of Constitutional limitations on government, restoration of sound currency and halting the process of making the poor and middle class bail out the corporate jet set.

Cramer's Mad Money - Tricks of the Trades (11/28/08)

Why does Cramer so often favor federal interference with the free market? Clearly, the economic disasters that have surfaced of late can almost all be traced to governmental intrusions and sanctioned cartels such as the Fed. It would seem that someone who has become so successful through the free market, would favor a restoration of Constitutional limitations on government, restoration of sound currency and halting the process of making the poor and middle class bail out the corporate jet set.