US Is Nearing Even Worse Financial Crisis: Jim Rogers Jim Rogers, Rogers Holdings chairman/CEO discussing the economy, rising debt, China’s growth prospects and oil prices. www.cnbc.com Why are some still listening to this guy (Bernanke)? www.youtube.com Federal Reserve Statistical Release, Z.1, Flow of Funds Accounts of the United States www.federalreserve.gov Debt Clock www.usdebtclock.org
Jeffrey Tucker interviews Kevin Duffy, a Principal of Bearing Asset Management, and discusses navigating the financial markets with an Austrian compass.
In the early 21st century, Iceland experienced one of the most spectacular cycles of boom and bust in history. For centuries, Iceland was a simple fishing society, largely shut off from mainland Europe. The people survived off the sheep in the meadows and the fish in the sea. For cultural sustenance they had elaborate sagas — intricate tales of fairies and goblins, heroes and ghosts — that would inspire JRR Tolkien and other fantasy writers. At the peak of Iceland’s boom, Stefan Alfsson left his fishing boat and started trading commodities for an investment bank. “We could do more,” he said. “I got a bigger house, bigger and more cars, better snowmobiles.” Then a modern saga began to unfold — that of a nation of fishermen who became millionaires, only to lose it all and return to the seas. Watch the full story according to ABC´s 20/20
Sign the Ron Paul 2012 Petition at www.RonPaul2012.net Please like, share, subscribe & comment! http 02/21/2011 by Ron Paul Last week, the Financial Crisis Inquiry Commission presented it’s results to the Financial Services Committee. As with most other politically appointed commissions, the results of the commission’s investigations were easy to predict. Established by the same Congress that gave us national healthcare and with a majority of its members appointed by those who seek to solve every problem with more government intervention, it was no surprise that the commission’s findings would favor increased government intervention in the economy. Minority members were not substantively involved in the commission’s operations, and the commission attempted to exclude their dissenting views by granting them very limited space to do so. However, even the minority members of the commission failed to consider the most important cause of the financial crisis; namely the Federal Reserve’s loose monetary policy. Almost a century ago, in 1912, Ludwig von Mises published his great work: The Theory of Money and Credit. This was the first systematic description of the Austrian business cycle theory, which describes the relationship of the business cycle to monetary policy. This theory explains why so many businessmen man make so many of same errors at the same time, yet not a single member of the commission undertook an analysis of the financial crisis from an Austrian economic …
Overdrawn American cities could face financial collapse in 2011, defaulting on billions of dollars borrowed and derailing the US economic recovery. Municipal bonds were once a very secure form of investment and are now defaulting, a trend that is on the rise. UMass economics professor Richard Wolff says this is going to translate into a diminished quality of life, we need more governmental services not fewer and it is going to affect everyone.
In this edition of Press TV’s ‘On the Edge with Max Keiser’, Max has an interview with Chris Martenson, who does a lot of blogging on finance and economics at his site chrismartenson.com. He is a scientist by training and was a VP for a fortune 300 company. Enjoy the show.
Question and Answer session at the IFPRI Policy Seminar, “The Financial and Economic Crash of 2008 and its Impact on Food and Agriculture in Developing Countries”, held Dec. 3, 2009 in Washington, DC
Presented by Kevin Duffy at “Austrian Economics and the Financial Markets,” the Mises Circle in Manhattan on 22 May 2010 in New York, New York. Includes an introduction by Mises Institute president Douglas E. French.
Each of the three financial statements captures different aspects of a companies financial situation – about operations as a going concern (Income Statement), about actual cash flows – also going beyond Operations to include Investing and Financing (Cash Flow Statement) and the assets and liabilities of the company (Balance Sheet). Therefore it only makes sense that some links exist between all the three statements – income and cash flows for example, income over a year that is not paid out as dividends and change in assets etc. Having an appreciation of these links is a clear indication that conceptually the 3 financial statement have become clear.
house.gov campaignforliberty.com Congressman Ron Paul’s opening statement and questioning of Federal Reserve chairman Ben Bernanke at the House Financial Services Committee hearing, March 17, 2010. Dr. Paul attempts to instruct Bernanke in the basics of Austrian Economics.
