The Daily Bell

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The Daily Bell

Daily Bell: The Tyranny of Copyright

The Internet has greatly increased the argument over copyrights and "intellectual property" and now comprehensive treaties (see article above) are being negotiated to harmonize intellectual property rights across the globe. Sub domina…

Oliver Stone, Central Banking Apologist

This new Oliver Stone financial film, "Money Never Sleeps," (a follow to his big 1980's hit "Wall Street") is notable for what it leaves out. Even with immense pressure on the Federal Reserve from a variety of sources, O…

Daily Bell: Moon Hoax and Margaret Atwood

We were glad to read this article (excerpted above) about Margaret Atwood who is one of the greatest writers in the world and also what Samuel Johnson would call a "leveler." We always wonder how such great minds, with such great insi…

State Fundamentalism

True, the idea came to me after having read many of Paul Krugman's missives, both his columns in The New York Times and essays in such magazines as The New York Review of Books. In his often very polemical writings – for a Nobel Laureate he does se…

An open letter to Paul Volcker, Chairman of the Board of Governors of the Federal Reserve, 1979-1987; Chairman of President Obama's Economic Recovery Advisory Board, presented to him, in person, last year. Dear Paul: In 35 years our paths have cros…

We have puzzled some readers with our insistence that EU austerity was another fear-based promotion of the power elite, but in this article we will seek once again to why the elite has attempted to enforce austerity and why it is failing. Anyone, in ou…

While we have written numerous articles on the bureaucracy of big science and its varying incompetences, we have neglected to point out the impact that the unrolling financial crisis is having on what the Register (see above article excerpt) ca…

In our time, not entirely unlike in others, the main appeal politicians hold out for millions is that they join them in their resentful bashing of the rich. This is a successful ploy because in the past, of course, most riches came from conquest, from …

This past week the administration announced its choice for the first credit czar at the new Consumer Financial Protection Bureau. This bureau was created as part of the supposed Wall Street reform bill recently passed by Congress. This new bureau, whic…

The power elite used to move along the waters of the world like a majestic supertanker with plenty of time to take evasive action when an obstacle was sighted. These days it races along like nuclear-powered destroyer. An additional dominant social them…

No Way Could I Support Republicans

At times I have the impression that maybe there are practicing political allies out there somewhere, ones who are involved with current affairs, and at times it looks like these would be Republicans and especially conservative ones. That's because …

We've watched the Michael Vick story unfold with some fascination. It tends to confirm what we think about sports reporters in general, that they exaggerate every single wrongheaded characteristic of mainstream reporters. This stands to reason afte…

Land Ho!

Savvy investors – having realized that the stock market is not necessarily the way to generate terrific riches – are going back to the land. The dominant social theme might be, "Who can trust these paper products? Give us tangible, pro…

Some have been demeaning the right to private property – which is very closely linked to America's political tradition and if sufficiently discredited would also help destroy the country – because such a right is supposedly created by a legal syste…

The UK Telegraph remains a mainstream anomaly; articles by Ambrose Evans-Pritchard often do not buttress the dominant social themes that the power elite is trying to promote. On the other hand, Evans-Pritchard is no free-market monetarist. He seems to …

Is it jaw-jaw rather than war-war with Iran? Portions of the US military industrial complex obviously want war-war, but the pushback from other US military, intelligence and civilian sectors seem to mitigate against it. We remember when it seemed certa…

We can only repeat that what is happening is a process, not a series of inexplicable, serial events. Of course, we may yet be wrong. Perhaps the power elite can – via censorship and military force – reverse the trends that we see continuing to grow. Bu…

As a loyal though reluctant reader of The New York Review of Books – too masochistic an experience at times but in my line of work unavoidable – I have read a lot of essays by the recently deceased public intellectual and NYU professor Tony…

The Gold Council research makes the point that "The gold price is consistent with its long-run average level compared with a range of different assets, including equity indices and hard assets like oil." Or to put it another way, there is a n…