Wednesday, February 10, 2010
Bob Chapman : Gold is The Eternal Money
Bob Chapman on RBN 09 February 2010
Bob Chapman The International Forecaster says that they push the Dow Jones below 10,000 because they want the public money to leave the stock market and go purchase the T-Bonds , so that the FED does not have to have to buy them with freshly printed dollars as they did last year , cause it is something that could bring hyperinflation and the destruction of the Dollar ...The UN is controlled by the european monarchies and black nobility explains Bob Chapman , but we should not waste our time trying to find out who is controlling who Bob Chapman added , they are all bad and we should get rid of all of them.....
Mr. Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.
Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.
Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.
In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster..
Tuesday, February 9, 2010
Commercial Property Values Bottomed in 2009 says Craig Leupold
Feb. 9 (Bloomberg) -- Craig Leupold, president of real estate consultants Green Street Advisors, talks with Bloomberg's Carol Massar about the outlook for the commercial property market and investing in so-called blind-pool assets. Leupold says commercial property values "troughed" in the middle of 2009. (Source: Bloomberg)
US Stocks Rally on EU Greece bailout
U.S. Stocks Rally on Prospects EU Will Support Greece
Feb. 9 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. U.S. stocks rallied, sending the Dow Jones Industrial Average back above 10,000, as prospects for a bailout of Greece eased concern that deteriorating government finances will derail the global economic recovery. (Source: Bloomberg)The CIA is the largest Heroine trader in the world Bob Chapman
We Are in Afghanistan for the poppy fields not to fight Al-Qaeda
Are we in Afghanistan fighting Al Qaeda or are we there for the poppy fields , are we going to win a war in which we are financing both parties the Pakistani and Saudi regimes and secret services who are the mentors for Al Qaeda and the puppet Karzai Mafioso regime , why Obama is sending an extra 30 000 soldiers to Afghanistan in order to fight 100 Al Qaeda members ?!?! The truth of the matter is that we are in Afghanistan as we were in Viet Nam for the CIA drug trade operations....
Mr. Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.
Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.
Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.
In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster..
Why Platinum is a Better Investment Than Gold
Brenton Saunders, director at Taurus Funds Management Bullish on Platinum
Place your bets on platinum, says Brenton Saunders, director at Taurus Funds Management. He tells CNBC\'s Oriel Morrison why he is upbeat on the commodity.Weak Euro or Strong Dollar ?
The Euro stabilizing against the dollar today, with CNBC\'s Rick Santelli, Simon Hobbs & Ron Insana.
Possible Oil shortage in 2015
Crude Oil Crunch in 5 years ?
Discussing the probability of an oil shortage in 2015, with John Kilduff, Round Earth Capital, and Dr. Robert Hirsch, Management Information Services.
Where does Obama Stand on Offshore Drilling
Obamas Stance on Offshore Drilling
The Institute for Energy Researchs Patrick Creighton on whether Mr. Obama has changed his mind on expanding U.S. drilling projects.Dollar and Euro soon at parity Says Gary Shilling
Dollar rebounds as the Euro Falls , sell Euros and buy Dollars says Gary shilling
Reports of a rescue for Greece is giving the Euro a bounce today versus the dollar. However, Shilling is not about to buy Euros; believing in tough times, investors will continue to flee to the greenback, simply because it's "the best of a bad lot."
With that in mind, Shilling is short the euro and long the dollar. As he tells Henry in this clip, dollar - euro parity is in the offing. "It will go down to one to one," he declares.
Russian Lukoil eyes profit in Iraq
Published 09 February, 2010,
Russia's largest private oil company, Lukoil, has told RT it can make a profit from its huge investment in Iraq.
The head of the firm's overseas operations, Andrey Kuzyaev, admitted that these days they must take risks to make a profit. West Qurna contains the world's second largest known oil reserves. In December Lukoil and Norway's Statoil won the right to develop stage 2 of the project. The companies will earn only $1.15 a barrel under their contract with Iraq's oil ministry, but Kuzyaev says the $30 billion investment is worth it.
Deposits in Iraq are incomparable with those in any part of the glove. Developing the worlds largest hydrocarbon fields stimulates technology and supports contractors with Russian companies among them.
Russia's largest private oil company, Lukoil, has told RT it can make a profit from its huge investment in Iraq.
The head of the firm's overseas operations, Andrey Kuzyaev, admitted that these days they must take risks to make a profit. West Qurna contains the world's second largest known oil reserves. In December Lukoil and Norway's Statoil won the right to develop stage 2 of the project. The companies will earn only $1.15 a barrel under their contract with Iraq's oil ministry, but Kuzyaev says the $30 billion investment is worth it.
Deposits in Iraq are incomparable with those in any part of the glove. Developing the worlds largest hydrocarbon fields stimulates technology and supports contractors with Russian companies among them.
The Whole System is coming Down says Bob Chapman
The Dow is below 10000 , gold is rising up again , The PIIGs are dring the Euro zone and the Euro down the tube , The US Dollar is not in a better shape , The German surplus is diluted in the wider Eurozone area , The European union is in danger
Mr. Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.
Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.
Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.
In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster..
Mr. Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.
Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.
Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.
In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster..
Monday, February 8, 2010
Debt fears drag Dow below 10,000
NEW YORK (CNNMoney.com) -- The Dow closed below 10,000 Monday for the first time in three months, with financial shares leading the way, as worries about the U.S. economy and European debt weighed on investor sentiment.
The Dow Jones industrial average (INDU) tumbled 104 points, or 1%, ending at 9,908.39. The last time the Dow finished below 10,000 was Nov. 4, when it closed at 9802.14.
The S&P 500 index (SPX) ended just below break-even. The Nasdaq composite (COMP) shed 15 points, or 0.7%. Neither closed at notable lows.
Read entire article
The Dow Jones industrial average (INDU) tumbled 104 points, or 1%, ending at 9,908.39. The last time the Dow finished below 10,000 was Nov. 4, when it closed at 9802.14.
The S&P 500 index (SPX) ended just below break-even. The Nasdaq composite (COMP) shed 15 points, or 0.7%. Neither closed at notable lows.
Read entire article
Bristow of Randgold Sees Gold in $1,000-$1,200 Range
Randgold's Bristow Sees Gold in $1,000-$1,200 Range
Mark Bristow, chief executive officer of Randgold Resources Ltd, talks about fourth-quarter profit and the outlook for gold prices. Bristow speaks with Bloomberg's Maryam Nemazee and Rishaad Salamat in London
David Icke On The UK Surveillance Society BBC5.TV
David Icke On The UK Surveillance Society BBC5.TV
Former BBC sports journalist David IckeMonday, December 15th, 2008
David reminds people what the dangers are of the encroaching Big Brother state. Filmed in May 2008 after his presentation in Brixton.
Connecticut Plant Blast Sounded Like Sonic Boom
Conn. Plant Blast Sounded Like Sonic Boom
An explosion that sounded like a sonic boom blew out walls of an unfinished power plant and set off a fire during a test of natural gas lines Sunday, killing at least five workers and injuring a dozen or more.
Lack Of Economic Data Creates Mixed Money Markets
Lack Of Economic Data Creates Mixed Money Markets
02/08/10 The money markets traded mixed this session following a lack of economic data that has left currency pairs mostly unchanged.Aaron Gurwitz Equity Market Nervous Over Deficit Woes
Equity Market Nervous Over Deficit Woes Aaron Gurwitz
Feb. 8 (Bloomberg) -- Aaron Gurwitz, head of global investment strategy at Barclays Wealth, talks with Bloomberg's Betty Liu about the stock market and investor sentiment. Gurwitz also discusses the outlook for the Dow Jones Industrial Average. (Source: Bloomberg)
Gold Rally on Bargain hunting and Weak Dollar
NEW YORK (TheStreet) -- George Gero, vice president of global futures at RBC Capital Markets, says today's relief rally could be short lived as gold prices test the $1,025 area.
Where is The Best Apartment Market in the U.S.
Best Apartment Markets in the U.S.
Hessam Nadji of Marcus & Millichap discusses which cities present the best opportunities for apartment buyers and investors.
Gold Rebounds today and Randgold Posts Triple the Profit
What is a Currency Carry Trade FX Forex
Insights from the Trading Floor: What is a Carry Trade?
Bilal Hafeez, Global Head of FX Strategy at Deutsche Bank, discusses currency carry trades, which are one of the most popular and widely used currency investment strategies used by forex traders.
stock up in dehydrate food Gold and Silver says Bob Chapman The game is over
Bob Chapman believes that Obama wont be reelected , the politicians in Washington are bought and paid for with campaign contributions ...bob Chapman recommends amongst all currencies the Canadian dollar first then the Aussie dollar , Canada as he said is a resource rich country and most importantly with a sane banking system and it is the biggest oil exporter to the USA...If one should be in a currency then the Canadian dollar is the best choice , but of course Bob Chapman by prefers gold and silver hard assets than any Fiat Currency out there ....
Mr. Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.
Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.
Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.
In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster..
Mr. Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.
Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.
Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.
In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster..
Why $15,000 Gold is Possible Mike Maloney, author of Guide to Investing in Gold and Silver
Mike Maloney, author of Guide to Investing in Gold and Silver, reve
Mike Maloney Silver Can Hit $1,500
“The world is going to rush into gold, but just like at the end of ’79, once it gets too expensive for the common man, which I believe is somewhere between $2,500 and $5,000 an ounce this time, the public changes their preference and they start noticing that silver is still cheap, and they start buying silver. That’s when silver blows the doors off of gold on a percentage basis just like in ’79.” Silver mining costs are below those of Gold , Silver is incredibly under valued says Mike Maloney, author of Rich Dad's Guide to Investing in Gold and Silver, predicted $15,000 gold but think silver offers more upside over the long term. Original air date: 2/3/10
Great Opportunities in China Energy Stocks
NEW YORK -- Stephanie Link, Director of Research for Action Alerts Plus, explains why she is such a fan of CNOOC, where she expects growth to come from and how she recommends playing the stock.
Great Opportunities in China Energy StocksSunday, February 7, 2010
Technical Analysis Introductory Lesson
Technical Analysis Lesson 1: Intro to Technical Analysis
Lesson 1 of a series introducing technical analysis for traders of the stock futures and forex markets fromSoros is behind the attacks on Gold Price says Bob Chapman
George Soros Warns Gold is now the ultimate bubble
Mr George Soros, arguably the most famous hedge fund manager in history, warned that with interest rates low around the world, policymakers were risking generating new bubbles which could cause crashes in the future. In comments delivered on the fringe of the World Economic Forum, Mr Soros said: "When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold."How To See Through Real Estate Broker Tricks
Some real estate brokers have a lot of tricks up their sleeves. Learn to beat them at their own game.
How Oil Thirsty America is Financing Terrorism
Oil Thirsty America is financing terrorist and dictatorial states , the same money americans spend in filling up the tanks of their SUVs , that same money is used by Al-Qaeda to kill americans and challenge American interests all around the world , should americans still drive huge gas thirsty SUVs and should become more responsible awarw and careful like say the Europeans and the Japanese ??
Second Phase Of Mortgage Defaults
The true experts know that all the government figures are false and they are lying to us. This is just one of the many reasons there is almost no chance of a real recovery without some major breakthrough in energy or similar. Lets look for the next shoe to fall being the Alta A's and commercial real estate collapse.
There will be a point in 2010 where they will have to pull the plug and devalue the dollar and print money so as not to default on debt. This will lead very rapidly to increase in food prices and likely shortages. Gold and silver is your only protection.
There will be a point in 2010 where they will have to pull the plug and devalue the dollar and print money so as not to default on debt. This will lead very rapidly to increase in food prices and likely shortages. Gold and silver is your only protection.
Soros Front run the Attack on Gold Bob Chapman
Bob Chapman on the Alex Jones 05 February 2010
As every Friday Alex Jones welcomes back Bob Chapman of the International Forecaster to the show.Bob and Alex talk about the economy, and the important issues of the day.
Saturday, February 6, 2010
Bob Chapman : There is an 85% Chance The Euro will Collapse and the Eurozone will breakup
In a 2 to 3 years there will be a a probable breakup in the Eurozone , there is 85% The Euro will Collapse and the Eurozone will breakup , Germany alone cannot keep on holding the Eurozone , regarding the North American Continent , despite the dollar rising lately the facts are The US government is broke and so is Wall Street so the only place you want to be says Bob Chapman is the hard assets of GOLD , Gold have been the only valid currency for the last 6000 years , Bob Chapman explains why he thinks gold is even better than Silver,
Friday, February 5, 2010
David Morgan Buy Gold on This Pullback
NEW YORK (TheStreet) -- David Morgan, founder of Silver-Investor.com, says to be a scale in buyer as gold prices head to the $1,000 an ounce support area.
Wall street is a criminal enterprise its a license to steal and they have been loathing us for the last 96 years Says Bob Chapman
The elite want to shut down the Internet says Bob Chapman
Bob Chapman the international forecaster is today Feb 04 2010 with 'a Marine Disquisition ' speaking about economy and politics and answering listeners questions a wide range of topics have been analyzed and discussed in details...Many big banks and brokerage firms will go bankrupt says bob Chapman ...
Mr. Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.
Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.
Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.
In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster..
The elite want to shut down the Internet Bob Chapman
Thursday, February 4, 2010
Stocks Sink amid New Worries
U.S. stock prices slid dramatically, as the Dow closed near 10,000 points for the first time in three months. Anthony Mason reports that high unemployment and European markets may be the cause.
The social Security Medicare and Medicaid all Bankrupt says Bob Chapman
The Government cannot guarantee anything it is bankrupt , the safest place to be is gold and silver says Bob Chapman ....
Mr. Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.
Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.
Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.
In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster..
Silver shares down by about 7.6%
In midday trading Thursday, Silver shares were relative laggards, down on the day by about 7.6%. Helping drag down the group were shares of First Majestic J
McCullough Gold will go again below $1000/oz
McCullough Favors Dollar Bearish on Gold, China
Feb. 4 (Bloomberg) -- Keith McCullough chief executive officer of Hedgeye Risk Management and a Bloomberg Television contributing editor, talks with Erik Schatzker about his investment strategy for gold and the dollar. McCullough also discusses the Obama administration's proposal to prohibit commercial banks from owning hedge funds and limit how much they could trade for their own accounts. (Source: Bloomberg)
Mastercard Selander Discusses Company Growth
Feb. 4 (Bloomberg) -- Robert Selander, chief executive officer of Mastercard Inc., talks with Bloomberg Television about the outlook for company growth. (This report is an excerpt. Source: Bloomberg)
Crude Tumbles On Strong Dollar
02/04/10 Front month crude prices took a big hit this session by falling more than 2% on a stronger dollar and weak jobless claims figures.
European Big Oil titans Royal Dutch Shell, BP Increased earnings
There is earnings and deal news to tell you about out of Europe's big oil titans. Royal Dutch Shell (RDS) posted fourth quarter earnings of $1.96 billion, as compared to a loss of $2.81 billion in the same quarter last year, when the company took a huge write down on the decline of oil prices.
Wednesday, February 3, 2010
Oil Prices Slide Following Rally
New York Financial Press
Feb. 03, 2010
02/03/10 Front month crude prices were on the downside this session after posting huge gains the day before.
Dollar Spikes Against Yen Amid Toyota Recall Turmoil
Feb. 3 (Bloomberg) -- Bloomberg's Sara Eisen reports on the outlook for Japanese yen as the turmoil surrounding Toyota Motor Corp.'s vehicle recall escalates. (Source: Bloomberg)
France town Goes Back to French francs
French town rakes in French francs for exchange
It’s been eight years since the French franc was officially replaced by the euro and yet the Bank of France estimates some 27 million notes still haven’t been traded in. The money is thought to be either in the hands of collectors or lying undiscovered in people’s houses. A group of shopkeepers in the Indre region of central France has set up a system enabling customers to pay in francs, in the hope it will boost their takings. Duration: 02:03.
Home Sales Jump last September
Home sales post one of the biggest gains in years, Microsoft shares jump and a vote for universal phone chargers. The AP's Mark Hamrick reports. (Oct. 23)
Tuesday, February 2, 2010
Big Oil News: BP Swings to a Profit, Exxon Upgraded
BP (BP) said it swung to a profit for the fourth quarter, as crude oil prices crept higher and the company cut costs. Earnings totaled $4.3 billion for the British oil giant, as compared to a loss of $3.34 billion in the same quarter of 2008.
Silver Is Poised To Rise In The Long Run, But The Short-term Situation Is Complicated
By: Przemyslaw Radomski
Perhaps you may have heard mentions recently of the Austrian School of Economics versus the Keynesian branch. Maybe you saw televised interviews with Congressman Ron Paul (R-Texas.) He is the Congressman who has been trying for decades to pass a bill that would give Congress the power to audit the Federal Reserve Bank. What was once a ridiculed, marginal proposal recently passed the House and will soon be considered by the Senate.
Congressman Paul blames the country's economic woes on a long-dead economist by the name of John Maynard Keynes, whose present-day adherents, he says, are the ones bringing the country's economy to the cliff's edge.
Keynesian economics gained dominance after World War II and it was President Richard Nixon who proclaimed in 1971: "We are all Keynesians now." It was about the same time that Nixon "temporarily" severed the link between the dollar and gold, thus laying the framework for the currency's debasement. Congressman Paul is an adherent of the Austrian school of Economics.
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