August 30th, 2010 by Alex

An ABC (Australian Broadcasting Corporation) documentary about the coming economic crisis. It runs about 45 minutes.

August 25th, 2010 by Alex

Rosenberg talks credit contraction (deflation). Also, if interested, check out this interview, this interview, and this article.

August 25th, 2010 by Alex

G. Edward Griffin, the author of The Creature from Jekyll Island, and Bill Still, filmmaker of The Secret of Oz and The Money Masters, were interviews on The Financial Sense Newshour. Click here to listen.

August 20th, 2010 by Alex

I keep on hearing the sound bite that companies are sitting on a large amount of cash and if they’d just spend it, the economy would turn around. Like most sound bites, it is not completely true. If you have a thousand dollars in cash, but have ten thousand dollars in debt, is the thousand dollars in cash really impressive? Of course not. And what if that thousand dollars was simply a result of refinancing at a lower rate? Is that impressive? In the big picture, that is what this talk about companies sitting on cash really means. Here is a good article that looks at the details.

August 14th, 2010 by Alex

The Secret of Oz is now availible to watch free on youtube. As I say in my book, my preferred approach to solving the money problem is with infrastructure dollars; my approach balances giving the money creation power over to the government (which is advocated in this film) with keeping money backed up by a hard asset like gold (which is advocated by people like G. Edward Griffin the author of The Creature from Jekyll Island).

July 27th, 2010 by Alex

I thought it might be useful to compile a list of notorious Inflationists and Deflationists.

So, here it is. I might have missed a few names or have a few categorized wrong. If so, contact me.

Notorious Deflationists
Robert Prechter, Nouriel Roubini, Karl Denninger, Nassim Nicholas Taleb, Gary Shilling, Kevin Depew, Mike Shedlock, Steve Keen, David Rosenberg.

Notorious Inflationists
Peter Schiff, Marc Faber, Jim Rogers, Gerald Celente, Ron Paul, John Rubino, Jim Sinclair, John Williams, Bill Bonner, Henry C.K. Liu, Robert Higgs, Eric Janszen, Robert P. Murphy, Jim Willie, Jim Puplava, James Turk, Martin Hutchinson, Steve Saville, Mogambo Guru, Puru Saxena, Howard Ruff, Paul Craig Roberts, Lew Rockwell, John Embry, Dan Denning, Alf Field, Ambrose Evans-Pritchard, Bob Chapman, Rich Toscano, John Simon, George Ure, Adam Hamilton, Kevin Phillips, Dmitry Orlov, Ned Naylor-Leyland.

Notoriously Both Deflationists and Inflationists
John Mauldin, Larry Edelson, Rick Ackerman, Mike Whitney, James Howard Kunstler, Michael Hudson, Chris Martenson.

July 1st, 2010 by Alex

Comprehensive Annual Financial Reports: Walter Burien on The Alex Jones Show May 2010

CAFR1 Trailer – The Only Game in Town – The Way Our Government Can Be

Not only does the government collect taxes, but it also makes money by investing. That investment money is basically the government’s reserve money, like bank reserves. That reserve money exists on all levels of government and is evident in Comprehensive Annual Financial Reports. Government budgets are not based on how much money is really available. The budgets are artificially low since laws restrict using that reserve money to meet the budget. Nonetheless, that reserve money is why the government hasn’t gone totally broke and totally collapsed. The government has enormous amounts of money invested in the so-called private economy. So, it is no wonder why things like car insurance are mandatory: government can get a big piece of that action by owning stock in those companies. The profitability of government investments is dependent on the health of the economy. So, bad economies are bad for government.  But nonetheless, government has plenty of excess money sitting in investments whether they are appreciating or depreciating. What governments should do with that money is use it to create public banks, not invest in the private (corporatist) economy. With public banks, governments could create their own interest free credit for things like infrastructure construction without taxation and the burden of interest-bearing loans.