Above and beyond the contradiction between its strategies and goals, the elite is struggling with two other factors in Europe. First, the downturn is far worse than expected and is causing considerable tension between elite players themselves (Sark...
There is (just so we don't leave anyone in suspense) an Anglo-American elite with European roots, an intermingling of royal and industrial families and Venetian bankers probably tracing their antecedents back to Rome and beyond, perhaps eve...
The mess in Afghanistan has even Saudi Arabia concerned. In our humble opinion Afghanistan has been tortured enough after some 30 years of intermittent, cyclical war. And we wonder why the leaders of the Anglo-American axis continue to believe the blood-letting and expenditure of massive amounts of treasure is worthwhile.
The Daily Bell is pleased to present an exclusive interview with Thomas DiLorenzo. DiLorenzo is an American economics professor at Loyola University Maryland. He is also a senior faculty member of the Ludwig von Mises Institute and an affiliated scholar of the League of the South Institute, the research arm of the League of the South, and the Abbeville Institute. He holds a Ph.D. in Economics from Virginia Tech. DiLorenzo has authored at least ten books
What a day Friday was! The Daily Bell began its coverage of both the falling euro (and the failing EU) by pointing out that (as predicted), the power elite and the EU political elite, particularly, were using the EU "crisis" as a way to call for increased centralization (EU Leaders Seek 'US of Europe'). But then came the news that Nicolas Sarkozy of France had threatened to withdraw France from the EU if Angela Merkel of Germany didn't go along with the EU's just-announced trillion-dollar
The Austrian School of Economics dates its beginnings back to the publication in 1871 of a slender volume: The Principles of Economics(Grundsätze der Volkwirtschaftslehre) by Carl Menger. The adjective "Austrian" was meant to be derogatory, introduced by economists of German school of historicism to ridicule Menger's idea of basing economic science on axiomatic foundations, on the pattern of logic and mathematics. The root of the word "Austrian" is "East", so the connotation of "Austrian
The gist of the tragedy is that commonly held (important) resources will be depleted and will not be replenished. And this doesn't apply only to how the wilds are being ruined by being held in common but also to national treasuries which everyone in a country believes is there for him or her to dip into indiscriminately. And then, with international communities, the tragedy isn't contained by national borders.
So maybe the power elite doesn't have in mind raping and looting Europe and leaving after all, as some in the alternative press have recently been reporting. (Yes, they'll rape and loot, but they'll likely stick around just as we've been suggesting this past week.) Seems like the EU dominant social theme is yet too valuable to discard. No surprise to us, or our readers and talented feedbackers – who've been pitching in of late with inordinate, though not surprising, brilliance.
James Turk's article Hyperinflation Looms dated April 20, 2010, is based on Quantity Theory of Money (QTM). It draws an analogy between Weimar Germany of 1923 and the United States of 2010. Both precepts are invalid. As far as the QTM is concerned, it suffices to point to the very fact, admitted by Turk, that it is possible to have a shortage of money simultaneously with the overworking of the printing presses. Hyperinflation is not the same as the ultimate inflation of the money supply.
International currencies are much in the news these days (see other article, this issue) and in this article we will contemplate two rhetorical goalposts that the power elite could use to move the world further on down the field toward a single Western international currency administered by one huge private central bank. (Is that their goal - the ultimate dominant social theme? We think it might be).