LATEST NEWS : The Immorality Of Paper Money

One of today’s most common economic fallacies is that the soaring stock market is evidence of economic recovery. Nothing could be further from the truth. Stocks have almost tripled since the 2008 collapse, but that stock growth stems from Federal Reserve money printing (inflation) and near zero interest rates. The Fed’s balance sheet has grown […]

Continue reading

Rickards: The China bubble is bursting

Amid weaker U.S. growth and volatility in capital markets, China stands out as a beacon in the minds of many investors. It is widely assumed that China will continue to grow at about 7% without interruption and will, in time, surpass the United States as the largest economic power in the world. This China growth […]

Continue reading

Three Key Indicators Say U.S. Economy in Trouble

The mainstream and politicians tell us the “wounds” of the financial crisis are over and the U.S. economy is in recovery mode. This simply isn’t true. A few of the key indicators I follow to see where an economy stands are personal income, consumer demand, and businesses’ activity. All three of these indicators are telling me the […]

Continue reading

Is China Doomed?

“Between 1978, the year Deng Xiaoping’s sweeping economic reforms were launched, and 2011, China’s GDP increased by an average of 10 percent annually, three times that of the global economy. Now the boom times may be over. By mid-2013, economic growth had slowed to 7.7 percent. That’s still a roaring pace compared to the rest […]

Continue reading

During The Best Period Of Economic Growth In U.S. History There Was No Income Tax And No Federal Reserve

“How would America ever survive without the central planners in the Obama administration and at the Federal Reserve?  What in the world would we do if there was no income tax and no IRS?  Could the U.S. economy possibly keep from collapsing under such circumstances?  The mainstream media would have us believe that unless we […]

Continue reading