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Archive for April, 2010

Economic Musings X: Legal Tender – Legal or Tender or What?

2010-04-16 9 comments

After World War II when the German Reichsmark was discredited and people were starving they would travel from their city to the local farms … Read more…

Bloom of Doom VIII: US Figures Stronger than Feared

If you think the title is a contradiction, well, not more so than the idea that debt or subsidies could increase wealth. Where truth can’t win by argument it needs to do so by stealth (that almost rhymes). The President of the United States has published a report on the state of the economy which proves how uneconomical the state has become. From that report you can glean two things, the bad and the ugly: the US economy has greatly deteriorated further and it seems beyond the point of no return.
Read more…

Breaking News: Gold Price Manipulation

2010-04-13 6 comments

While we had planned an in-depth post on how the gold price was manipulated over the past several decades in a few days’ time, there has just been a whistle-blower who went public two days ago:

“The banks, which do the Federal Reserve’s bidding in the metals markets, have long been the government’s lead actors in keeping down the prices of gold and silver, according to a former Goldman Sachs trader working at the London Bullion Market Association.” (Emphasis CrisisMaven)

Read the full story in the New York Post – MICHAEL GRAY: “Metal$ are in the pits – Trader blows whistle on gold & silver price manipulation“, Last Updated: 4:33 AM, April 11, 2010.

If you want to know the complete proof, go to GATA – Gold Anti-Trust Action Committee, esp. their “Documentation“.

(Statistical resources in our References section!)

You will then understand why the gold price currently is not reflecting the true debasement of the dollar and its kindred fiat currency brothers and sisters … and why therefore the surge, once it comes, will be completely out of proportion with anything you’ve ever seen (and anything most analysts dare currently to predict in order to not be ridiculed – but make no mistake, just think why a zero divisor for integers in mathematics leads to an undefined result in computing and what that result would actually be called in common language).

Categories: Uncategorized

Economic Fallacy VII: The Net Economic Gain through Pharmaceuticals

2010-04-12 9 comments

Are double-blind studies of pharmaceuticals enough to prove the efficiency of a new drug? You may be surprised to hear that potentially 90% of such studies could be flawed.
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Economic Musings IX: We could all be millionaires …

2010-04-10 3 comments

… if we hadn’t destroyed literally trillions over the last 200 years!

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Economic Musings VIII: Is there a limit to economic growth?

Something which puzzles many thinkers and frightens many young people concerned about waste or the pillaging of our natural resources is the question: can “an economy” (whatever that is – we’ll come to that in a minute) grow indefinitely?

How can there be unlimited economic growth if we’ve never heard of unlimited growth in, say, an elephant? Read more…

CrisisMaven’s Blog News 2010-03-07: Over 25,000 Webpage Views!

2010-04-07 4 comments
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