from KingWorldNews:
Today a legend in the business told King World News, “… we are going to see an incredible squeeze,” in a key commodity that nobody is watching. Keith Barron, who consults with major gold companies around the world, and is responsible for one of the largest gold discoveries in the last quarter century, also said this commodity is, “… going to go parabolic.”
Barron also said we will see $2,000 gold within months. Here is what he had to say: “Certainly the gold price has been moving up nicely over the past couple of weeks. Part of this rise has been in anticipation of this Jackson Hole meeting in a few days time. Everyone is expecting that Bernanke is going to come through with an announcement for QE3.”
Barron continues @ KingWorldNews.com
Today a legend in the business told King World News, “… we are going to see an incredible squeeze,” in a key commodity that nobody is watching. Keith Barron, who consults with major gold companies around the world, and is responsible for one of the largest gold discoveries in the last quarter century, also said this commodity is, “… going to go parabolic.”
Barron also said we will see $2,000 gold within months. Here is what he had to say: “Certainly the gold price has been moving up nicely over the past couple of weeks. Part of this rise has been in anticipation of this Jackson Hole meeting in a few days time. Everyone is expecting that Bernanke is going to come through with an announcement for QE3.”
Barron continues @ KingWorldNews.com
The Complete 'Ranked' World Calendar Of Events To The End Of The Year
The market over the summer has been quieter than we had expected - thanks to Draghi's threats
placating-words and Bernanke's promises. Equities rallied, Bunds and
Treasuries sold off, and government spreads in Europe declined. All
these markets look more constructive. However, the event calendar in the near future is very heavy, notably the political one. This article from UBS' global strategy group does three things. First, they provide a list of events until the end of the year.
Second, the relative importance of the various events are ranked; and
finally, they provide, where needed, a comment on what to expect. We
still believe three topics will drive markets: (1) the ongoing European sovereign crisis,
where we see some progress (albeit slow) as Draghi has pushed forward
his agenda and found some support from politicians; (2) the political issues in the US, although the main change is the more dovish Fed; and (3) world growth, which has been disappointing and is a major risk to monitor. So Much For The Great "Buy BRICs" Trade
Presented without comment. Those who need explanation are encouraged to call Jim O'Neill. He will be delighted to explain this.Odds of Global Recession Are 100%
Admin at Marc Faber Blog - 8 hours ago
"Odds of a global recession are 100 percent." - *in CNBC *
*Marc Faber is an international investor known for his uncanny predictions
of the stock market and futures markets around the world.*
Commodities: The Bull Market Will Continue
Admin at Jim Rogers Blog - 8 hours ago
The bull market will continue until a lot of supply comes on stream and the
problems since 2008 ensure not a lot of supply is coming on stream. - *in
Investment Watch*
Related: United States Oil Fund LP (ETF) (NYSE:USO), SPDR Gold Trust (ETF)
(NYSE:GLD), iShares Silver Trust (ETF) (NYSE:SLV), PowerShares DB
Agriculture Fund (NYSE:DBA)
*Jim Rogers is an author, financial commentator and successful
international investor. He has been frequently featured in Time, The New
York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The
Financial Times and is a regular guest on Bloom... more »
"You Are Here": Echoing The Cognitive Dissonance Of September 2006
With
an almost perfect six-year lag, the S&P 500 appears to be
following the same path as it did into the Subprime crisis from the Feb
2003 lows - almost too accurately. The analog is stunning 'optically' and even more concerning from a behavioral perspective. By this time in 2006,
we had seen the US Home Construction Index drop 40%, Subprime lenders
going bankrupt left and right, Magnetar Capital had started to create
CDOs with the express intent of failing, and Nouriel Roubini had just
given his IMF presentation on the forthcoming US housing bust and major
recession. Despite all of this, which in hindsight was extremely
worrisome, the S&P 500 managed to gain 200 more 'the Fed has
our back'-points before cognitive dissonance finally gave in to the
reality that the 'music had stopped' - first out wins, and large crowds
and small doors don't mix. With the current market rising on
ever-decreasing volumes (in futures and stocks - so it's not about the
high-price equities), divergence between the new highs in equity indices
and falling 'net new highs' in NYSE stocks, and near-peak post-crisis
level of complacency in options prices, it seems risk and reward are at
best skewed neutral, and at worst flashing red warning signals.
Barack Obama has destroyed the future of America in order to improve
his chances of winning the next election. Under Obama, 5.3 trillion
dollars has been ruthlessly stolen from our children and our
grandchildren. That money has been used to pump up the debt-fueled
false prosperity that we have been experiencing. When the U.S.
government borrows money that it does not have from someone else (such
as China) and spends that money into the economy it is going to make our
economic numbers look better. Even if the government spends that money
on incredibly stupid things, it still gets into the hands of average
Americans who in turn spend that money on food, gas, clothes, etc. If
we were to go back and take that extra 5.3 trillion dollars out of the
U.S. economy, I guarantee you that we would be in a rip-roaring
depression right now. We would look a lot like Greece
at this point. For several years Greece has been raising taxes and
cutting government spending in an attempt to balance the budget and
these austerity measures have resulted in an unemployment rate of over
23 percent and an economy that has contracted by close to 25 percent.
Most Americans don’t want to go through pain like that so they are
okay with continuing to financially rape our children and our
grandchildren. Just imagine how you would feel if your parents died
tomorrow and you found out that they had left you with a million dollar
debt that you were legally obligated to pay off. How would you feel,
knowing that you had just been sold into debt slavery for the rest of
your life? Well, that is how our children and our grandchildren are
going to feel. We are destroying the greatest economic machine the
world has ever seen, we are accumulating the biggest mountain of debt in
the history of the planet, and the coming economic collapse that we
have caused is going to wipe out the promising future that our children
and our grandchildren were supposed to have. If they get the chance,
future generations of Americans will curse us bitterly and will spit on
our graves. What we are doing to our children and our grandchildren is
the kind of stuff that horror movies are made of. You should be ashamed of yourself America. Read More @ TheEconomicCollpaseBlog.com
from RonPaul2008dotcom:
Top You Tube comment: “History will show, that America’s biggest mistake was not electing Ron Paul President!!!” – drinkingwithbob
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from Testosterone Pit.com:
It started on Monday. “Poverty is returning to Europe,” said Jan Zijderveld, head of Unilever’s European operations, in an interview.
The British–Dutch consumer products company, third largest in the
world, was adjusting its commercial strategy to this new reality, he
said, by redeploying to Europe what worked in poor countries of the
developing world. Now the stars of the industry are affirming it. “The
logic of pauperization,” L’Oréal CEO Jean-Paul Agon called it on
Wednesday.
“If Spaniards are down to spending on average €17 per shopping trip, I can’t sell him detergent for half of his budget,” Zijderveld explained. “In Indonesia we sell individual packages of shampoo for 2 to 3 cents and still earn a fair amount.”
That this strategy was widespread in Asia I found out in Vietnam in 1996. I cut my finger at a table at a café in Hué as we were getting up. So, walking down the dirt street, I licked my finger to keep the blood from dripping on my clothes. The girl I was with, shocked by my barbaric behavior, took me to a street stall and bought me one singled Band-Aid, which cost as close to nothing as you could get.
Read More @ TestosteronePit.com
It started on Monday. “Poverty is returning to Europe,” said Jan Zijderveld, head of Unilever’s European operations, in an interview.
The British–Dutch consumer products company, third largest in the
world, was adjusting its commercial strategy to this new reality, he
said, by redeploying to Europe what worked in poor countries of the
developing world. Now the stars of the industry are affirming it. “The
logic of pauperization,” L’Oréal CEO Jean-Paul Agon called it on
Wednesday.“If Spaniards are down to spending on average €17 per shopping trip, I can’t sell him detergent for half of his budget,” Zijderveld explained. “In Indonesia we sell individual packages of shampoo for 2 to 3 cents and still earn a fair amount.”
That this strategy was widespread in Asia I found out in Vietnam in 1996. I cut my finger at a table at a café in Hué as we were getting up. So, walking down the dirt street, I licked my finger to keep the blood from dripping on my clothes. The girl I was with, shocked by my barbaric behavior, took me to a street stall and bought me one singled Band-Aid, which cost as close to nothing as you could get.
Read More @ TestosteronePit.com
Current monetary system is breaking down
by Matthew Lynn, Market Watch:
What would it take to break the gold price out of the $1,600 to $1,700 an ounce range in which it has been trading for the past year? Another massive blast of quantitative easing from the Federal Reserve? A final breakdown of the euro? A war between Israel and Iran?
They are all possibilities, of course. But the most likely candidate is a serious debate about a return to some form of the gold standard.
In the U.S., the Republican Party has already pledged to study restoring the link between the dollar and gold if it wins the upcoming election. In Switzerland there have been parliamentary debates about restoring the link between the Swiss franc and gold.
Central banks are already increasing their holdings of gold. Don’t be surprised if it starts to play an increasing role in the ever-more fevered attempts to fix Europe’s monetary system.
Read More @ MarketWatch.com
by Matthew Lynn, Market Watch:
What would it take to break the gold price out of the $1,600 to $1,700 an ounce range in which it has been trading for the past year? Another massive blast of quantitative easing from the Federal Reserve? A final breakdown of the euro? A war between Israel and Iran?
They are all possibilities, of course. But the most likely candidate is a serious debate about a return to some form of the gold standard.
In the U.S., the Republican Party has already pledged to study restoring the link between the dollar and gold if it wins the upcoming election. In Switzerland there have been parliamentary debates about restoring the link between the Swiss franc and gold.
Central banks are already increasing their holdings of gold. Don’t be surprised if it starts to play an increasing role in the ever-more fevered attempts to fix Europe’s monetary system.
Read More @ MarketWatch.com
by Gary North, Lew Rockwell:
There is talk of a plank in the Republican Party’s platform calling for a gold commission. The commission will study the possibility of re-establishing a gold standard.
The likelihood of a positive recommendation coming out of such a commission is as likely as a positive report of another commission to study the feasibility of restoring the Articles of Confederation.
I did a Google search on these terms: “gold commission,” Republican, platform. I got 20,000 hits.
That’s not too bad. I always like to see public interest in the restoration of gold as the backing for the U.S. dollar.
But there is a lot of deja vu about this. We have been down this yellow brick road before. It is nothing but gold-painted bricks all the way to the Emerald City: Greenback heaven.
Read More @ LewRockwell.com
Jason Hamlin, of GoldStockBull.com agrees with FSN that the only way
out of this permanent economic sink hole the world finds itself in is a
Debt Jubilee. Without getting into the Biblical origins of the concept,
man seems to have an inate ability to borrow himself into bankruptcy.
It’s just human nature. After all, why put off for tomorrow what you can
get on credit today. Therefore, any sound economic system must be based
upon encouraging savings and discouraging consumer debt. Otherwise, a
debt bubble is inevitable and systemic collapse will occur shortly
thereafter. How many times must this cycle be repeated before humanity
finally learns its lesson?
CLICK HERE FOR AUDIO INTERVIEW
There is talk of a plank in the Republican Party’s platform calling for a gold commission. The commission will study the possibility of re-establishing a gold standard.
The likelihood of a positive recommendation coming out of such a commission is as likely as a positive report of another commission to study the feasibility of restoring the Articles of Confederation.
I did a Google search on these terms: “gold commission,” Republican, platform. I got 20,000 hits.
That’s not too bad. I always like to see public interest in the restoration of gold as the backing for the U.S. dollar.
But there is a lot of deja vu about this. We have been down this yellow brick road before. It is nothing but gold-painted bricks all the way to the Emerald City: Greenback heaven.
Read More @ LewRockwell.com
Jason Hamlin, of GoldStockBull.com agrees with FSN that the only way
out of this permanent economic sink hole the world finds itself in is a
Debt Jubilee. Without getting into the Biblical origins of the concept,
man seems to have an inate ability to borrow himself into bankruptcy.
It’s just human nature. After all, why put off for tomorrow what you can
get on credit today. Therefore, any sound economic system must be based
upon encouraging savings and discouraging consumer debt. Otherwise, a
debt bubble is inevitable and systemic collapse will occur shortly
thereafter. How many times must this cycle be repeated before humanity
finally learns its lesson?CLICK HERE FOR AUDIO INTERVIEW
by Chuck Butler, Casey Research:
As I turned on the currency screens, I noticed that the euro had ticked up, albeit a small move, to a 8-week high. But the most impressive thing is that the euro has held onto its gains this week. So once again, just when it appeared that the euro was about to slide further down the slippery slope, it has bounced back. Of course that doesn’t mean that it can’t still slip further, and in fact, personally, I’m surprised it hasn’t at this point.
But here’s the reason why it hasn’t, according to my opinion. You see, there are all these things that will happen in just two weeks time, and no one wants to be short going into September and all the event risks that will take place. For, if the German Constitutional Court agrees that the ESM funds can be used to recapitalize the troubled Spanish Banks, without the Gov’t getting their hands on the money first, one HUGE obstacle for Spain will have been removed. And with the markets now feeling that contagion isn’t going to happen, the euro could be in store for a nice rally.
But then the German Constitutional Court (GCC) could go a different direction thus throwing Spain and the euro under the bus. I truly believe the GCC will approve the payments. but then I’m probably out on that limb all by myself. I don’t think I’m saying that because it’s what I wish for. I’m saying it because, maybe the GCC is like our Supreme Court, and they pull a 180 on a major decision.
Read More @ CaseyResearch.com
As I turned on the currency screens, I noticed that the euro had ticked up, albeit a small move, to a 8-week high. But the most impressive thing is that the euro has held onto its gains this week. So once again, just when it appeared that the euro was about to slide further down the slippery slope, it has bounced back. Of course that doesn’t mean that it can’t still slip further, and in fact, personally, I’m surprised it hasn’t at this point.
But here’s the reason why it hasn’t, according to my opinion. You see, there are all these things that will happen in just two weeks time, and no one wants to be short going into September and all the event risks that will take place. For, if the German Constitutional Court agrees that the ESM funds can be used to recapitalize the troubled Spanish Banks, without the Gov’t getting their hands on the money first, one HUGE obstacle for Spain will have been removed. And with the markets now feeling that contagion isn’t going to happen, the euro could be in store for a nice rally.
But then the German Constitutional Court (GCC) could go a different direction thus throwing Spain and the euro under the bus. I truly believe the GCC will approve the payments. but then I’m probably out on that limb all by myself. I don’t think I’m saying that because it’s what I wish for. I’m saying it because, maybe the GCC is like our Supreme Court, and they pull a 180 on a major decision.
Read More @ CaseyResearch.com
from Zero Hedge:
Feel like every day Europe is juggling hot potatoes? You are not alone.
As the following graphic summary from Citi’s Matt King (whose insight
into Europe, liquidity conduits, shadow banking and a comprehensive
picture of modern financial “innovation” has rapidly become second to
none) shows, the hot potatoes are getting hotter by the minute,
and are flying ever faster and higher. But the kicker: King has the
best punchline on Europe we have yet encountered: “Losses are
unquantifiable” Q.E.D.
Read More @ Zero Hedge
Feel like every day Europe is juggling hot potatoes? You are not alone.
As the following graphic summary from Citi’s Matt King (whose insight
into Europe, liquidity conduits, shadow banking and a comprehensive
picture of modern financial “innovation” has rapidly become second to
none) shows, the hot potatoes are getting hotter by the minute,
and are flying ever faster and higher. But the kicker: King has the
best punchline on Europe we have yet encountered: “Losses are
unquantifiable” Q.E.D.Read More @ Zero Hedge
from ETFDailyNews.com:
Dominique de Kevelioc de Bailleul: Desperate to print Wiemar-style to fight off the most viscous Kondratiev Winter on record, Federal Reserve Chairman Ben Bernanke may not satisfy ‘inflation trade’ onlookers at the close of his Jackson Hole speech scheduled Friday. He may, instead, merely allow months of anticipatory front-running of stocks do the work of propping up asset prices for him. Get my next ALERT 100% FREE
And if investors don’t get the ‘all-systems go’ at Jackson Hole, there’s always the FOMC meeting of Sept. 12 & 13 to get the good news. That’s whenmarket
volatility could move off the charts, maybe extreme volatility to the downside, according some Wall Street analysts.
“With the equity market pricing in a significant chance of QE3, stock prices are no longer as useful a signal to Fed officials. Should the Fed disappoint at its September policy meeting, the risk of a stock sell-off is high,” Bank of America Merrill Lynch analysts wrote in a note to clients, Aug. 21.
Read More @ ETFDailyNews.com
Dominique de Kevelioc de Bailleul: Desperate to print Wiemar-style to fight off the most viscous Kondratiev Winter on record, Federal Reserve Chairman Ben Bernanke may not satisfy ‘inflation trade’ onlookers at the close of his Jackson Hole speech scheduled Friday. He may, instead, merely allow months of anticipatory front-running of stocks do the work of propping up asset prices for him. Get my next ALERT 100% FREE
And if investors don’t get the ‘all-systems go’ at Jackson Hole, there’s always the FOMC meeting of Sept. 12 & 13 to get the good news. That’s when
“With the equity market pricing in a significant chance of QE3, stock prices are no longer as useful a signal to Fed officials. Should the Fed disappoint at its September policy meeting, the risk of a stock sell-off is high,” Bank of America Merrill Lynch analysts wrote in a note to clients, Aug. 21.
Read More @ ETFDailyNews.com
from KingWorldNews:
Today Rick Rule told King World News the frightening global Ponzi scheme continues. Rule also stated that he thinks, “… it’s very, very scary.” Rule, who is now part of Sprott Asset Management, also believes the current action in gold, “… will lead to a much stronger gold market.”
Rule also warned about the ongoing bank run in Europe: “… about 5% of the retail deposits in Spanish banks have been pulled out of the banks in the last two weeks.” But first, here is what Rule had to say regarding the gold market: “I’ve looked at a lot of speculation concerning the reason for the increase in the gold price in the last two or three weeks. There are a lot of factors involved. Obviously there is some fear involved, and what I think is really healthy, in terms of the price increase, is that it doesn’t seem to have come about from an increase in institutional demand, that is from hot money.”
Rule continues @ KingWorldNews.com
Today Rick Rule told King World News the frightening global Ponzi scheme continues. Rule also stated that he thinks, “… it’s very, very scary.” Rule, who is now part of Sprott Asset Management, also believes the current action in gold, “… will lead to a much stronger gold market.”
Rule also warned about the ongoing bank run in Europe: “… about 5% of the retail deposits in Spanish banks have been pulled out of the banks in the last two weeks.” But first, here is what Rule had to say regarding the gold market: “I’ve looked at a lot of speculation concerning the reason for the increase in the gold price in the last two or three weeks. There are a lot of factors involved. Obviously there is some fear involved, and what I think is really healthy, in terms of the price increase, is that it doesn’t seem to have come about from an increase in institutional demand, that is from hot money.”
Rule continues @ KingWorldNews.com
by Pater Tenebrarum, Financial Sense:
A log chart of the dollar’s purchasing power from just before 1800 to about 2003. The dotted line shows the periods when gold convertibility was suspended – click chart for better resolution.
What is so remarkable about this chart is that the dollar’s purchasing power was still the same on the eve of the founding of the Fed as it was at the beginning of the 19th century. Clearly the decision to abandon the gold standard has hastened the collapse of the dollar’s value – at the point where the chart ends, 7 cents of the purchasing power of the gold-backed dollar of yore were left. Since then we have actually arrived at a paltry 4 cents.
So much for ‘stable prices’ under the fiat money regime – it has produced a 96% decline in the currency’s purchasing power over the past century, in contrast with the perfect preservation of purchasing power during the century preceding the founding of the Fed.
Read More @ Financial Sense.com
A log chart of the dollar’s purchasing power from just before 1800 to about 2003. The dotted line shows the periods when gold convertibility was suspended – click chart for better resolution.
What is so remarkable about this chart is that the dollar’s purchasing power was still the same on the eve of the founding of the Fed as it was at the beginning of the 19th century. Clearly the decision to abandon the gold standard has hastened the collapse of the dollar’s value – at the point where the chart ends, 7 cents of the purchasing power of the gold-backed dollar of yore were left. Since then we have actually arrived at a paltry 4 cents.
So much for ‘stable prices’ under the fiat money regime – it has produced a 96% decline in the currency’s purchasing power over the past century, in contrast with the perfect preservation of purchasing power during the century preceding the founding of the Fed.
Read More @ Financial Sense.com
by Jeff Nielson, Silver Gold Bull:
While I often write about the massive gold-buying currently taking place among many of the world’s central banks, what sometimes is omitted is mention of the surge in individual gold (and silver) buying in various parts of the world.
Today, the name in the news is Kurdistan. Prior to that, we have been getting steady reports from Iran of much more massive gold-imports, month after month after month. What we don’t hear about (in our supposedly “free press”) is much about the surge in bullion-buying taking place across much/most of Europe.
While the propaganda machine is quite happy to gloat over the poor people in Portugal forced to pawn their gold, what they don’t want to talk about is how pretty much anyone and everyone with sufficient financial resources in Europe is adding to their holdings of precious metals – and these are people who are not going to begin selling just because the price rises 40% or 50%.
Indeed, it is the strength of “physical” bullion-buying in Europe which was one of the reasons the banksters were unable to cause gold prices to break down – despite “predicting” that gold was headed below $1500/oz again and again.
Read More @ SilverGoldBull.com
While I often write about the massive gold-buying currently taking place among many of the world’s central banks, what sometimes is omitted is mention of the surge in individual gold (and silver) buying in various parts of the world.Today, the name in the news is Kurdistan. Prior to that, we have been getting steady reports from Iran of much more massive gold-imports, month after month after month. What we don’t hear about (in our supposedly “free press”) is much about the surge in bullion-buying taking place across much/most of Europe.
While the propaganda machine is quite happy to gloat over the poor people in Portugal forced to pawn their gold, what they don’t want to talk about is how pretty much anyone and everyone with sufficient financial resources in Europe is adding to their holdings of precious metals – and these are people who are not going to begin selling just because the price rises 40% or 50%.
Indeed, it is the strength of “physical” bullion-buying in Europe which was one of the reasons the banksters were unable to cause gold prices to break down – despite “predicting” that gold was headed below $1500/oz again and again.
Read More @ SilverGoldBull.com
by Robert Cinque, ZenGardner.com
The Oppressor uses our humanity as a weapon against us. Our ability to
feel compassion for victims of a crime, to take action in their defense,
to hold the perpetrators accountable, is the Controller’s weapon of
choice. This is why false flag attacks are staged, to arouse a righteous
indignation against the enemy who must be hunted down at any cost.
This is why those who believe the official government story of 911 about 19 hijackers cannot fathom how anyone could possibly question America’s rise to the occasion in confronting ruthless terrorists who killed innocent people and who somehow have the ability to overcome our $60 Billion defense network and pulverize a million tons of steel and concrete in 10 seconds. Undaunted by the facts of physics, believers in the official story make a cause and effect relationship between planes and fires and the disintegration of the buildings. The fact is the planes and fires had nothing to do with the disintegration of the buildings which was the equivalent of “sticking a pencil through a screen door”, according to the architect of the WTC complex. The fact that the buildings hit the ground in 10 seconds led researchers to conclude that explosives or nukes must have been employed, but further research shows that neither nuclear bombs nor nanothermite could possibly do the job because there were no chunks of the building, no rubble, only dust and a pile of debris not more than 2 stories tall.
Read More @ ZenGardner.com
The Oppressor uses our humanity as a weapon against us. Our ability to
feel compassion for victims of a crime, to take action in their defense,
to hold the perpetrators accountable, is the Controller’s weapon of
choice. This is why false flag attacks are staged, to arouse a righteous
indignation against the enemy who must be hunted down at any cost.This is why those who believe the official government story of 911 about 19 hijackers cannot fathom how anyone could possibly question America’s rise to the occasion in confronting ruthless terrorists who killed innocent people and who somehow have the ability to overcome our $60 Billion defense network and pulverize a million tons of steel and concrete in 10 seconds. Undaunted by the facts of physics, believers in the official story make a cause and effect relationship between planes and fires and the disintegration of the buildings. The fact is the planes and fires had nothing to do with the disintegration of the buildings which was the equivalent of “sticking a pencil through a screen door”, according to the architect of the WTC complex. The fact that the buildings hit the ground in 10 seconds led researchers to conclude that explosives or nukes must have been employed, but further research shows that neither nuclear bombs nor nanothermite could possibly do the job because there were no chunks of the building, no rubble, only dust and a pile of debris not more than 2 stories tall.
Read More @ ZenGardner.com
from Azizonomics:
Monopolies contribute to many problems — the record of evidence illustrates the potential inefficiency, waste and price fixing.
Yet the greatest trouble with monopolies is what they take away — competition. Competition is a beautiful mechanism; in exercising their purchasing power and demand preferences, individuals run the economy — it is their spending that allocates, labour, capital, resources and brainpower. It’s their spending that transmits the information that determines what gets made, what doesn’t, which businesses succeed and which don’t. Individuals exercise a far greater political and economic power in a free economy when they spend, and when they work than when they vote. So without competition, the power of choice suffers, and businesses, markets and societies can become economically stagnant and rampantly corrupt; look at North Korea and the myriad other examples of once-prosperous societies impoverished by a lack of economic competition.
Read More @ Azizonomics.com
Mitt Romney
and Barack Obama have done everything they can to bring more people
into the US medical system. Radically changing that system has never
occurred to these two clueless politicians.
Like much of America, they accept the cliches and slogans about American medicine. “It’s the best in the world.” “People are being denied treatment.” “We must take care of our citizens.”
How about this accurate slogan: “Let’s force more Americans to die in the care of doctors.”
The American healthcare system, like clockwork, causes a mind-boggling number of deaths every year.
Read More @ NaturalNews.com
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Monopolies contribute to many problems — the record of evidence illustrates the potential inefficiency, waste and price fixing.
Yet the greatest trouble with monopolies is what they take away — competition. Competition is a beautiful mechanism; in exercising their purchasing power and demand preferences, individuals run the economy — it is their spending that allocates, labour, capital, resources and brainpower. It’s their spending that transmits the information that determines what gets made, what doesn’t, which businesses succeed and which don’t. Individuals exercise a far greater political and economic power in a free economy when they spend, and when they work than when they vote. So without competition, the power of choice suffers, and businesses, markets and societies can become economically stagnant and rampantly corrupt; look at North Korea and the myriad other examples of once-prosperous societies impoverished by a lack of economic competition.
Read More @ Azizonomics.com
by Jon Rappoport, Natural News:
Like much of America, they accept the cliches and slogans about American medicine. “It’s the best in the world.” “People are being denied treatment.” “We must take care of our citizens.”
How about this accurate slogan: “Let’s force more Americans to die in the care of doctors.”
The American healthcare system, like clockwork, causes a mind-boggling number of deaths every year.
Read More @ NaturalNews.com
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