Tag Archives: Economics

Bill Bonner: Amor Patria

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“The trouble with patriotism – besides being a refuge for scoundrels – is that the ties that bind one patriot to another are abstract and largely phony.  What we really appreciate about America, for instance, is not the facts of it – they are too diverse – but the idea. According to a book we wrote along with Pierre Lemieux in 2003 called The Idea of America, the original concept was that a person in America could do what he wanted without having to ask permission from the government. That theory made the US different from any other country. That theory still appeals to us. But in practice, the US is now much more like everywhere else than different from them.”

http://www.bonnerandpartners.com/amor-patria/

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Bill Bonner: Repeat After Me – Economics Is NOT a Science

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“The problem is you don’t know anything. You don’t know if an economy really is like water. You don’t know where sea level is. For all you know, you’re high in the Alps. And you don’t know whether the fuel you’re using adds to the fire… or subtracts from it. QE, for example, may help heat up the economy. Or it may not. No one knows for sure.  And get this. All those little molecules, you know – those individuals in the great economic pool? As soon as they catch on to what you’re doing, they will change their behavior. That’s the big difference between water and people. Water does the same thing no matter what you say or what you think. People don’t.”

http://www.bonnerandpartners.com/repeat-after-me-economics-is-not-a-science/

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Peter Schiff: Fed Taper Will Trigger Recession

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Jeffrey Tucker Talks About Freedom, Cryptography And Bitcoin

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“Bitcoin is not only about the amazing invention of internet money or digital currency. It is much more than that, it enables a new way we can associate by eliminating the ‘third party’.  This ‘third party’ can be a bank (which is pretty obvious and publicized) but it can also be insurance companies, other corporations, social networks, huge market places, government institutions like the Federal Reserve, and even the Government itself.  This is why I decided to invite Jeffrey, also Executive Editor of Laissez Fair Books, for this interview and fortunately he kindly accepted.”

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US to lose out if it keeps stiffening Bitcoin regulations

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“Bitcoin is an indiscriminate and pure technology, with which you can be anywhere and be anybody and still be able to spend – that’s why it’s very popular in the developing world, economist Jeffrey Tucker told RT.”

http://rt.com/op-edge/us-bitcoin-technology-economist-978/

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Peter Surda Talks About The Economics Of Bitcoin – Deflation

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“Since Bitcoin is a technology that enables a new type of currency never seen before (a digital currency that behaves like a commodity currency) traditional economic schools, even Austrian, don’t really have yet the theoretical framework to explain it. This is why the contributions and research around Bitcoin of Peter Surda, arguably the first Bitcoin economist, are a must to understand the digital currency and its prospects for the future.  In this interview Peter talked about some of his findings, research, and opinions about Bitcoin.”

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Bill Bonner: Apocalypse Later!

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“Corporations can’t continue to borrow so much money at such low rates. But everyone is perfectly happy to postpone that apocalypse too.  Stock market investors are no dopes either. They know this Fed-driven bull market must come to an end sometime. By many different measures – P/Es… swollen margin accounts… enterprise-value-to-revenue ratios… investor sentiment – the stock market is already in the danger zone.  What will happen?  Either the Fed will begin to taper – probably causing a crash. Or investors will get tired of investing real money in a phony trend.  Either way, when the apocalypse comes… it will be later.”

http://www.bonnerandpartners.com/apocalypse-later/

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Three Cheers for the Red, White, and Blue

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“No nation of people has ever created a groundswell that successfully reversed the progress of a totalitarian government, once it was well underway. Generally, the course of events is that the penultimate stage is characterised by increasing domination and warfare. The final stage is one of social, political, and economic collapse.  It is difficult to picture, today, the perspective of Europeans in the late 1930s. All around them, they could see an economic and political decline, yet the vast majority of people stayed right where they were, like horses that fear to leave a burning barn. They had become accustomed to the fact that Europe was the commercial and cultural centre of the world.”

http://www.internationalman.com/78-global-perspectives/1031-three-cheers-for-the-red,-white,-and-blue

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Bill Bonner: A Barbarous Fed…

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“Barbaric people used force and violence to get what they wanted; civilized transactions are based on mutual consent and cooperation.  We know that the economy of the Soviet Union, driven by brute force, was a disaster. How do you think the economy of the US – heavily persuaded by the padded force of the Yellen-led Fed – will fare?  Is today’s Fed a modern, civilized institution? Or an archaic throw-back to the past?  And what about the dollar itself? Is it a form of modern money… or a barbarous relic, depending on the police power of the state to give it value?”

http://www.bonnerandpartners.com/a-barbarous-fed/

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Bill Bonner: The Fed Was Right…

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“Corporate earnings rose. But behind that story lurked another sordid tale. Since the March 2009 low, nearly two-thirds of the rise in operating earnings for S&P 500 companies has come from neither higher sales nor increased productivity. Instead, it has come from lower interest expenses on corporate debt. Corporate America is a debtor. It benefits from lower interest rates, while savers lose.  Second, as the so-called “risk free” return on bonds falls, future earnings streams from stocks look more attractive on a relative basis. Third, by evaporating the yields off bonds, the Fed has forced investors to ‘reach for yield’ elsewhere. An obvious place to look is stocks.”

http://www.bonnerandpartners.com/the-fed-was-right/

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