Read the full article: http://theinternationalforecaster.com/International_Forecaster_Weekly/Deflationary_Depression_and_Purging_To_Come EXCERPT: It was a year and one-half ago we told you that $800 billion in stimulus wasn’t enough. That is now proving to be the case. Get ready for another liquidity barrage, called quantitative easing. It will also mean real interest rates will rise again. The backbone of most all…
Category: Economics
The Winter Olympics and Inequality in Global Athletics
In high school, the only sports I played to any significant extent were soccer and basketball. A lot of my friends went snowboarding or skiing, but it was a long drive to the mountains and I could not really afford all the equipment, which cost hundreds of dollars. So I never spent much time on…
China and a Canadian Newspaper call for worldwide one-child policy
This comes from the left end of the political spectrum and presents what may simply be rhetorical posturing, or a harbinger of the next big issue. Aside from a one-child policy we can expect it to trickle into areas having to do with euthanasia, health care, etc. China has recently been calling for an international…
The Manhattan Declaration: Approach with Caution
We have no reason to doubt that those who drafted and are signing the Declaration are sincere and trying to do what they believe is best for America. There are many good reasons why it may seem a good idea, but we should raise a voice of caution regarding the unintended consequences of this approach. Christians tempted to set aside theological differences, which include differences in how grace and salvation are viewed so significant that they led to the battles of the Reformation and Inquisition, and unite on points held in common in order to change society should recall the unholy results of such unions. From a Christian perspective, government and even church edicts cannot change hearts, only God can.
Economics: Lawrence W. Reed on the Seven Principles of Sound Public Policy
Lawrence W. Reed is president emeritus of the Mackinac Center for Public Policy, a Midland-based research and educational institute on September 1, 2008. The Center’s mission is to equip Michigan citizens and other decision-makers to better evaluate Michigan public policy options and to do so from a “free market” perspective. For a PDF version…
Russian President may push ‘new world currency’…
EXCERPT FROM BLOOMBERG.COM Russian President Dmitry Medvedev may discuss his proposal to create a new world currency when he meets counterparts from Brazil, India and China this month, Natalya Timakova, a spokeswoman for the president, told reporters by phone today. Russia’s proposals for the Group of 20 meeting in London in April included studying a…
China and Brazil Plan to Dump Dollar (FT)
This news will have significant repercussions for the United States economy. Editor Brazil and China will work towards using their own currencies in trade transactions rather than the US dollar, according to Brazil’s central bank and aides to Luiz Inácio Lula da Silva, Brazil’s president. The move follows recent Chinese challenges to the status of the…
ANALYSIS: European Sunday Weekly Rest Day Legislation Remains Unlawful
The main purpose for writing this article is to respond to the relentless attempts in recent times to legislate in the European Union, Sunday as an official weekly rest day. The lobbyists championing this cause have been among other associations, the Roman Catholic Bishops (COMECE), some Protestants church representatives and certain Members of the European Parliament (MEPs).[1] I will now provide a synopsis of the background on this issue and show how it has developed to the present day.
Alan Greenspan: Gold and Economic Freedom (1966)
[Given the recent state of the economy, it is important to explore whether there is a strong correlation between religious freedom and economic freedom, or individual property rights and the interest of the state. The following was published in Ayn Rand’s “Objectivist” newsletter in 1966, and reprinted in her book, Capitalism: The Unknown Ideal, in 1967. Regardless…
London Telegraph Describes G20 Plan For Bank Of The World, Global Currency
EXCERPT: A single clause in Point 19 of the communiqué issued by the G20 leaders amounts to revolution in the global financial order. “We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity,” it said. SDRs are Special Drawing Rights, a synthetic paper…