Chalmers Johnson on the Collapse of America, Russia, and Rome
September 4th, 2010An outstanding historical comparison of collapsing superpowers. Three-part VIDEO:
http://www.youtube.com/watch?v=ZKHXRqFiwFw
Krassimir Petrov’s Finance & Economy Blog
An outstanding historical comparison of collapsing superpowers. Three-part VIDEO:
http://www.youtube.com/watch?v=ZKHXRqFiwFw
From my Bulgarian friend Radi Russinova:
http://www.helium.com/items/1933168-us-in-economic-great-depression
U.S. empire in decline. See the details of the phases:
http://www.activistpost.com/2010/08/phases-of-empire.html
Steve Hanke is the father of many currency boards around the world. There are lessons in his latest article. I really liked his storytelling, which is quite rare in today’s financial reporting: http://www.cato.org/pub_display.php?pub_id=12081
Watch the video in the top left corner. Kotikoff is an reputable and honest professor worth listening to: http://finance.yahoo.com/tech-ticker/article/535354/%22Enron-Accounting%22-Has-Bankrupted-America:-U.S.-Deficit-Really-$202-Trillion,-Kotlikoff-Says
The bond debate rages on. The recommendation goes to the CNBC (video) interview at the bottom:
http://www.zerohedge.com/article/marc-faber-and-peter-schiff-take-bond-bulls-rosenberg-faber-gentlemens-bet
This appears to me a major development in the global financial crisis. Here is the complete title of the article: ” Greek Bonds Slump As Austerity Backfires, Country Enters “Death Spiral”, And The Violent End Game Approaches”:
http://www.zerohedge.com/article/greek-bonds-slump-austerity-backfires-country-enters-death-spiral-and-violent-end-game-appro
Sent to me by my Austrian friend David Jensen. From the article: “The world economy will soon go into an accelerated and precipitous decline which will make the 2007 to early 2009 downturn seem like a walk in the park.”
http://www.zerohedge.com/article/matterhorn-asset-management-there-will-be-no-double-dip-it-will-be-lot-worse
http://financialsense.com/contributors/peter-schiff/no-exit-stage-left-or-right
My true recommendation is actually the original “No Exit for Ben”, which has better and more comprehensive analysis: http://www.lewrockwell.com/schiff/schiff37.1.html The current article only confirms that the original analysis was brilliant.
Real Estate is still overpriced relative to gold:
http://www.lewrockwell.com/orig11/clark-j8.1.1.html
I am back from 2-month vacation. Expect me to catch up with more frequent posts of older material that are still worthwhile reading today… Paul Craig Roberts is also “back”:
http://www.lewrockwell.com/roberts/roberts280.html
From my good friend Jeremiah Arn, who suggested an important and reasonable view on “austerity”:
http://www.youtube.com/watch?v=jUmQbf1AyA8
Finally fiscal deficits are getting highly controversial. Here is a superb summary of the issues:
http://www.lewrockwell.com/schiff/schiff97.1.html
I have been teaching financial Economics for many years from Mishkin’s textbook. My students know well – I have found over 100 errors, mistakes, or logical inconsistencies. Students complain that this is confusing; it is difficult to explain that actually Mishkin is confusing: http://mises.org/daily/4442
This is a long, comprehensive, and detailed socionomic and financial analysis of the crisis. Especially recommended to my students and the younger generation:
http://www.zerohedge.com/article/guest-post-two-decades-greed-unraveling
Remember the madness of continuing to build real estate in Las Vegas? Now comes the ultimate gem of infinite economic wisdom: how about bulldozing them afterward. This is insane:
http://www.bullionbullscanada.com/index.php?option=com_content&view=article&id=12729
My good friend and colleague Prof. Donald Hendon has published recently a great book called “365 Powerful Ways to Influence”. He has just published the article “When Obama Met BP’s CEO Tony Hayward” that illustrates some of the strategies and techniques in his book: http://donaldhendon.com/blog/?p=102
A great introduction to the subject of physical gold investing for the non-professional:
http://www.zerohedge.com/sites/default/files/Passport%20Capital%20Physical.pdf
A terrific 1-hour presentation by Marc Faber that was already recommended to me by a few people. The major disappointment was that I didn’t get “when is the next AIG to fall”, as the title suggests: http://www.youtube.com/watch?v=H0sS6a9RW2E
Very insightful article on how the government will lock down the U.S. borders:
http://www.lewrockwell.com/pr/leaving-america.html
Great 75 min video: http://www.youtube.com/watch?v=EgMclXX5msc
60 min. An excellent summary of current political, economic, and financial issues:
http://www.youtube.com/watch?v=eb1n1X0Oqdw&feature=player_embedded
From my good friend Donald Hendon, pointing out that the insanity in Las Vegas continues:
http://www.nytimes.com/2010/05/16/business/16builder.html
A great two-hour movie on “Globalization” and “The New World Order”:
http://www.youtube.com/watch?v=NO24XmP1c5E
Peter Schiff debunks a common myth on Greece’s bailout. Get the real explanation:
http://www.youtube.com/watch?v=hZNkYdsd7_0
Thanks to my friend Neil Blue for pointing out this 10 minute video:
http://www.youtube.com/watch?v=br-63azx_DQ
An absolutely fascinating BBC 60-minute video. The history that led to the current financial crisis. Top recommendation: http://www.youtube.com/watch?v=y3MHFe7PX2g&feature=related