Government Price Fixing Causes Food Shortage In Phillippines
Industry sources said the flour shortage was a direct result of the order by the Department of Trade and Industry forcing flour millers to cut their price by as much as P160 per bag.
Dear Chief Secretary, I’m Afraid There Is No Money
by Gary North
The new British government’s Chief Secretary to the Treasury, David Laws, walked into his new office. On the table there was a note from the previous secretary.
“Dear chief secretary, I’m afraid there is no money. Kind regards – and good luck! Liam.”
The Best Of Clarke And Dawe’s Economic Satire
The funniest clips from Australia’s John Clarke and Bryan Dawe’s economic and political humor
US Dollar Falls Below Canadian Dollar
Canada’s dollar was worth more than the U.S. currency for the first time since July 2008 on the back of the rising price of crude oil and the prospect of higher interest rates.
CA Students Protest 30% Fee Increases
University of California students take to the streets on Thursday to protest fee hikes and what they call privatization of the public system that was a beacon for the state in the 1960s.
Fear Takes the Wheel
by Peter Schiff
Over the past three or four years a strange phenomenon has developed in the global investment markets. With some exceptions, many asset classes, in particular domestic and foreign equities, commodities, and foreign currencies have tended to move in the same direction on a day to day basis. The mega-correlation has lasted so long that most now take it for granted. This leaves investors with relatively simple choices:
‘Dollar Crisis’ Author: 2010 Will Bring More Stimulus
“This current round of stimulus will begin to wear out and everything will start to weaken again, and that will require another round of stimulus, not just from the US but from China as well”
Jim Rodgers on CNBC “You Will Be A Farmer Soon”
Jim Rodgers gives his thoughts on the current situation in the US. Gold is not in a bubble, but silver is a better deal. Foremost he is urging us all to become farmers.
CHINA: “The world does not have money to buy more US Treasuries”
Deputy governor of the People’s Bank of China referred to the overall situation globally. Be prepared for a currency crisis.
Mission Not Accomplished
by Peter Schiff
Although Barack Obama has refrained, at least for now, from delivering triumphant speeches in a naval flight suit, there is nevertheless a strong tone of accomplishment emanating from the President and his deputies. Over the weekend, top White House economic adviser Lawrence Summers even pronounced that the recession is now over. Without hedging his bets, Summers declared that thanks to the Obama Administration’s wise stewardship, economic stimuli, and emergency bailouts, another Great Depression, set up by the prior Administration, had been narrowly averted.