Culture of Life News

Martin Jr And The Destruction Of Gold Peg

To be frank, going back into old Fed Reserve speeches, one is struck by both how similar today's problems are to past difficulties as well as how openly earlier Fed chiefs used to try to talk to Congress and the public. People thought Greenspan was very smart and clever because he talked in circles and made little rational sense. This supposedly made his many mysterious policies look difficult and thus, we had to trust him because he knew more than us little people. Well, that was a false front. Today, we go back to when I was born to see what Mc Chesney Martin Jr thought about Fed policies after WWII and during the Korean War. He is the Fed chief who shoved things to the bitter destruction of the gold standard and the devaluing of silver coinage.

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Friedman Wants US Economy Magically Fixed

Good old boy Flat Earth We Shall Win In Two Months Friedman of the NYT is concerned about...global inflation! Wow! He also notices the US is deep in the red thanks to the flat earth free trade he promotes and pushes! Will he commit suicide like a good Japanese Samurai who screws up so badly? Nope! He wants us to shift gears and do alternative energy! Buy solar panels and wind mills from China, I suppose? Or Japan? Or how about Europe? They have them! And again, we look at charts that clearly show how demented prognosticators for peering into the future really are. Demented, to say the least. And the NYT frets about nations hoarding food and fuel when there is raging inflation. Duh. And the rich guy who owns Pimco sent a letter to Obama warning him to not spend too much money. Too bad Gross didn't send Bush a warning, too, 7 years ago.

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The Truth About Inflation Eludes US Public

Three headlines from Bloomberg News, the ONLY news service today that tells the economic truths, illustrate clearly that we are in the exact same matrix as we were in during the end of the Vietnam war and the beginning of the oil wars in the Middle East. On all fronts, the news is nearly exactly identical to that key time period we called 'Stagflation'. Once again, we go to old Federal Reserve speeches to see clearly how we are in the exact same traps we fell into back then. And the solutions are still exactly the same and these solutions destroyed our industrial base as well as the financial health of the working class in America.

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Old Federal Reserve Speeches

The Federal Reserve is releasing a lot of data and old speeches and meeting minutes. Going through this is very instructive. We are going to have two stories about a series of speeches concerning Free Trade and Inflation. Speeches made from 1969 to 1981 are very, very illuminating because they show with fierce clarity, the 'solutions' the Fed chiefs wanted are DIRECTLY responsible for the huge mess we are in today with a giant trade deficit, giant government overspending, wild military adventures, off shoring, outsourcing and the weak dollar. What these guys wanted, they got. This is due to them blaming inflation on workers, not war mongers or crazed bankers. Namely, themselves.

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Financial Black Holes

The most interesting thing about this epic meltdown of the US/UK New World Order's empire is how this collapse is exposing so many of the financial and social systems. We get to see the innermost workings of the normally hidden parts of 'capitalism'. Just like the communist push to take over the capitalist systems exposes the gears that make this system operate. Something very bad happened 35 years ago. The US/UK system collapsed and was replaced with the Floating Currency regime. It took a third of a century for all the weaknesses of this system to come to fruition. Today, we visit the older empire: England---to see how this works.

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There Are No Antiwar Candidates

Ron Paul gives a speech that nearly says all the dangerous things I harp on here at Culture of Life News. But as usual, Ron Paul stops short of doing the next step: resigning from the GOP and running an anti-war campaign for President! All the news in the world is about how both Russia and China are leaping forwards in their diplomatic and economic programs. OPEC refuses to bail us out of our own mess we created when Bush and the Europeans joined hands in menacing Iran and boycotting Iranian oil. So we pay through the nose for this. And Bin Laden's strategy of bankrupting the US continues and will totally succeed. And the Arabs know this and they are joining Russia and China in this enterprise.

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Bernanke Wants Inflation

People are buying gold again while the brutal bidding war for oil continues as saber rattling wrecks world oil markets. The Concert of Nations after WWII is collapsing rapidly. Our allies are increasingly fearful and agitated that the US will not only stop buying their manufactured goods but also maybe end up like the Soviet Union and leave Europe and Japan alone to face the full fury of Russia and China when we go bankrupt. 'Fix the DOLLAR!' the G7 dwarves shriek at old Grumpy. But he can't fix the dollar. For it is weak because our trade and budget deficits are immensely in the red. Libra is balancing Her scales in preparation for October, the month She usually delivers Very Bad News.

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Oil Over $142 A Barrel

Both gold and oil are shooting up again. I suppose part of this is due to all those IOU 'free money' checks Uncle Sam is rapidly mailing out to US voters. Funny, how this causes inflation. Moscow is delighted with the high energy prices and plans to colonize the US oil industry. Like China is moving into Brazil, Peru and Venezuela's oil industries. Russia is also poised to start taking over Afghanistan, too. As well as other former Soviet satellite nations. The price of uranium is rising faster than gold. And we learn the hazards of drilling for energy deep in the earth.

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Economics Game Theory Is Worthless

We all know that world stock markets are now falling like dominoes due to the sudden hike in oil prices thanks to US efforts to shove Muslim oil nations around. The common trick of the oil consuming super power which always drops the value of the dollar like a rock when oil goes up in price is causing the US itself to fall into the same stupid pit it fell into with each oil price hike due to wars in oil pumping areas. The US has raging inflation at home while international trade plummets. Today, we visit the BIS, Bank for International Settlements to see what is going on over there. The latest paper published by them concerns currency games. It is a weird study that has some unbelievable premises.

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Expensive War Robots Bankrupt USA

The Pentagon is the military arm of the US and it a major motor in US industry. The military-industrial complex is slowly being turned into money machine that produces robots that can kill barely armed civilians resisting US occupation forces sent to crush them. Oh, how the Nazis would have loved having this ability! These robots are expensive and are bankrupting America. War talk about Iran grows louder and greater. So the world price of oil is nearly $150 a barrel this month. Another $10 to go. If it reaches $200 a barrel, the world's economy will collapse and Iran Kitty will win WWIII. So to speak. And rather bizarre news from Israel about the Sarkozy visit. Didn't make the news here, of course.

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