Tag Archives: Economics

Bill Bonner: The Real Reason American Capitalism Is Failing

Posted on by

Bill-Bonner2

“Come to China, and you will be impressed, as we are, with the material progress made over the last 30 years.  China’s success is widely misunderstood. Then again, so is American capitalism.  What does it take to produce prosperity?  Property rights – you have to believe that you can control and enjoy what you produce. Stable money – you have to be able to count on the medium of exchange. Freedom of action – you have to be able to go on with your business without too much state intrusion. Meanwhile in the US, the planners… regulators… controllers… meddlers… and zombies – all those who prevent real prosperity – grew bolder and more numerous.”

http://bonnerandpartners.com/real-reason-american-capitalism-failing/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Polish $300 Billion Aid Package Hides EU Expansion Flaws

Posted on by

“Halfway through a 229 billion-euro ($317 billion) EU aid package, more than the entire Marshall Plan for postwar Europe in today’s dollars, the money kept the Polish economy growing when the rest of the continent went into recession. The new business parks, highways, soccer stadiums and airport terminals also mask how for many Poles the passage to prosperity is still to come, with 17 percent of families of four living on less than $400 a month. Unemployment is 13.5 percent. While that’s half the rate of crisis-hit Greece, it’s higher than Ireland, whose economy shrank for four of the last six years and remains a destination for many young Poles.”

http://www.bloomberg.com/news/2014-04-29/polish-300-billion-aid-package-hides-eu-expansion-flaws.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Not Just the VA: Another example of government failure in healthcare

Posted on by

“Jay Littlewolf is a Native American and a member of the Northern Cheyenne reservation in Montana. He’s talking about the Indian Health Service (IHS), another federal government-operated healthcare system. When the scandal broke about the VA, the media, pundits, and politicians quickly concluded that the remedy for the VA’s ills was reform: more funding, regulation, and accountability. But the occurrence of the same problems at the IHS suggests that these sorts of problems may be endemic to government-run systems. Unfortunately, few are stepping up to recommend a more permanent fix than to enact reforms to the existing systems.”

http://www.fee.org/the_freeman/detail/not-just-the-va

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

40% of U.S. on Benefits; More Receive Benefits Than Full-Time-Employed

Posted on by

“Let’s take the 2012 welfare total of 109,631,000 and add the 6 million Obamacare Medicaid expansion and the 17 million who get Obamacare subsidies and you have a minimum of 126 million receiving some sort of means-tested welfare vs. 118.5 million who ‘usually’ work full time.  The 2013 US Population Estimate is 316 million.  Using 316 million as a rough estimate of the 2014 population (it would likely be higher) and 126 million on welfare (that number is also higher, perhaps way higher), about 40% of the country is on some form of means-tested welfare, up from 35.4% at the end of 2012.  Over 50% gets welfare or some other form of non-means-tested assistance.”

http://globaleconomicanalysis.blogspot.com/2014/08/40-of-country-on-welfare-obamacare.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Bill Bonner: What Is the Point of Government?

Posted on by

“There is no faster path to disaster than enthusiastic leadership. Exhibit A: World War I. Exhibit B came next: the disaster known as the Great Depression. In the previous depression, 1920-21, President Harding and Treasury Secretary Andrew Mellon simply ignored it. No leadership required. Two years later the depression was over.  But in 1929, when the next one came, President Hoover and then President Roosevelt met it with aggressive leadership. Advancing the preposterous notion that they knew better than business people and investors, they promised to mitigate the Depression with ‘countercyclical policies,’ thereby stretching out the Depression for almost a decade.”

http://bonnerandpartners.com/what-is-the-point-of-government/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

CFR: Print Money and Hand It Out Directly to Consumers

Posted on by

the-daily-bell-top-logo61

“The idea that Foreign Affairs writers and editors believe that freely handing out currency is going to strengthen the economy and solidify good will for the current central banking system is either naïve or sinister. We arrive at the possibility of ‘sinister’ because it appears to us that the globalists have perhaps given up on arriving at a more structured and rationalized internationalism via stealth. Instead, they are apparently moving forward with the age-old tools of economic ruin and military engagement. Giving away currency would surely be another step toward destroying the modern system and setting the stage for a new one, presumably even more internationalist.”

http://www.thedailybell.com/news-analysis/35597/Shock-CFR-Suggests-That-Central-Banks-Print-Money-and-Hand-It-Out-Directly-to-Consumers/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Bill Bonner: Here Come the Money Helicopters

Posted on by

Bill-Bonner2

“Bypassing the banks, they will put their newly digitized money directly into the hands of the people whose votes they need to buy. This kind of flagrant money creation is becoming intellectually respectable, as a kind of final solution to the problem of insufficient demand.  Martin Wolf, the influential chief economics commentator at the Financial Times, has already suggested it publicly. Now, here comes an article in Foreign Affairs magazine titled: ‘Print Less and Transfer More: Why Central Banks Should Give Money directly to the People.’  Recognizing that QE and ZIRP are not making it to the top of the charts, the establishment is getting behind more direct inflationary measures.”

http://bonnerandpartners.com/come-money-helicopters-debt/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Dimes on Black and Dynamite on Red

Posted on by

“On the basis of measures that have been reliably correlated with actual subsequent market returns in market cycles across a century of data, we estimate that the S&P 500 Index will be no higher a decade from now than it is today. On the basis of nominal total returns (including dividends), we estimate zero or negative returns for the S&P 500 on every horizon shorter than about 8 years.  At the same time, we don’t have strong views about immediate market prospects. Still, even a run-of-the-mill completion to the present market cycle would wipe out more than half of the market’s gains since the 2009 low, so whatever gains the market experiences in the interim are likely to be transitory.”

http://www.hussmanfunds.com/wmc/wmc140818.htm

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Bill Bonner: The Committee to Blow Up the World

Posted on by

Bill-Bonner2

“Typically, investors have paid from 10 to 20 times annual earnings for shares. But when they are bearish, as they were in 1982 and again in 2009, they will want to pay less than 10 times earnings. And when they are bullish, the sky’s the limit… but seldom more than 20 times.  Currently – except for China and Russia – almost all major country stock markets are closer to the top of the range than the bottom. With the S&P 500 now trading on a Shiller P/E (which looks at the average of 10 years of inflation-adjusted earnings) of 26.5.  What would make investors so bullish? And why would this bullishness extend to practically the entire globe?”

http://bonnerandpartners.com/committee-blow-world/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Venezuela To Mandate Fingerprinting Grocery Shoppers By Year End

Posted on by

“Venezuelans could soon have to scan their fingerprints to buy bread.  President Nicolas Maduro says a mandatory fingerprinting system is being implemented at grocery stores to combat food shortages by keeping people from buying too much of a single item. He calls it an ‘anti-fraud system’ like the fingerprint scan the country uses for voting.  Critics said the new system is tantamount to rationing and constitutes a breach of privacy.  Venezuela has been grappling with shortages of basic goods like cooking oil and flour for more than a year. In the spring, the administration tried out a similar system in government-run supermarkets on a voluntary basis.”

http://abcnews.go.com/International/wireStory/venezuela-proposes-fingerprinting-shoppers-25073950

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet