▶ Punk Economics- The Kidnapper wears Prada – YouTube

Published on Dec 18, 2013

The Kidnapper wears Prada: Why the rich are getting much, much richer, why the Fed is in a corner and what it means for you!

As the Federal Reserve gets a new chair and decides what to do next, whether to print $85 billion a month more or not, we examine the heist, who gets all the loot, why today’s kidnappers wear Prada. Wake up. See what happens when financial kidnappers dress up as loyal patriots and extort money in the name of the common good.

▶ Keiser Report: Art Market Melt-Up – Guest, Jim Ricards

Published on Nov 19, 2013

 

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the melt up in the art market as the very wealth scramble for safe havens from the taxpayers angry at the billions in free money they’ve been given. They also discuss financial irrigation, amputated gold and a special mince meat pie and Jamie stew for Christmas. In the second half, Max interviews Jim Rickards, author of Currency Wars, about central bank vaporware, straws in the dollar wind and about how Janet Yellen is to Ben Bernanke as Miley Cyrus is to Lady Gaga – trashier than the original.

The Greeks Have Already Dumped the Euro | ZeroHedge

Via Michael Krieger of Liberty Blitzkrieg blog, [ZH: We first noted the shift to a barter economy that is occuring in Greece back in April. But Mikes excellent update below shows that this barter has progressed to a new alternative currency] Really fascinating article about how many cities and communities in Greece have already moved on from the euro to bartering as well as alternative currencies. The city of Volos, 200 miles north of Athens with a population of 170,000 is highlighted in the article due to the size of its alternative money market centered around a local currency call the Tem. This sort of behavior will be the wave of the future in all countries, as Central Bank currencies are debased into extinction. It’s interesting because while I was in Crested Butte over New Year’s I noticed they have a local currency going there called Crested Butte Bucks and I was really surprised to see that you can spend them pretty much anywhere in town. I also highlighted this trend in my post earlier this year English City of Bristol Launches its Own Local Currency. Now, from the Guardian:

via Guest Post: The Greeks Have Already Dumped the Euro | ZeroHedge.

New Year’s Resolutions for Congress – Ron Paul

As I prepare to retire from Congress, I’d like to suggest a few New Year’s resolutions for my colleagues to consider.  For the sake of liberty, peace, and prosperity I certainly hope more members of Congress consider the strict libertarian constitutional approach to government in 2013.

In just a few days, Congress will solemnly swear to support and defend the Constitution of the United States against ALL enemies, foreign and domestic.  They should reread Article 1 Section 8 and the Bill of Rights before taking such a serious oath.  Most legislation violates key provisions of the Constitution in very basic ways, and if members can’t bring themselves to say no in the face of pressure from special interests, they have broken trust with their constituents and violated their oaths. Congress does not exist to serve special interests, it exists to protect the rule of law.

I also urge my colleagues to end unconstitutional wars overseas.  Stop the drone strikes; stop the covert activities and meddling in the internal affairs of other nations. Strive to observe “good faith and justice towards all Nations” as George Washington admonished.  We are only making more enemies, wasting lives, and bankrupting ourselves with the neoconservative, interventionist mindset that endorses pre-emptive war that now dominates both parties.

All foreign aid should end because it is blatantly unconstitutional. While it may be a relatively small part of our federal budget, for many countries it is a large part of theirs–and it creates perverse incentives for both our friends and enemies. There is no way members of Congress can know or understand the political, economic, legal, and social realities in the many nations to which they send taxpayer dollars.

Congress needs to stop accumulating more debt. US debt, monetized by the Federal Reserve, is the true threat to our national security. Revisiting the parameters of Article 1 Section 8 would be a good start.

Congress should resolve to respect personal liberty and free markets. Learn more about the free market and how it regulates commerce and produces greater prosperity better than any legislation or regulation. Understand that economic freedom IS freedom.  Resolve not to get in the way of voluntary contracts between consenting adults.  Stop bailing out failed yet politically connected companies and industries. Stop forcing people to engage in commerce when they don’t want to, and stop prohibiting them from buying and selling when they do want to.  Stop trying to legislate your ideas of fairness.  Protect property rights.  Protect the individual.  That is enough.

There are many more resolutions I would like to see my colleagues in Congress adopt, but respect for the Constitution and the oath of office should be at the core of everything members of Congress do in 2013

via New Year’s Resolutions for Congress.

Sparkling Shame: Cash spent on Christmas decor could end US homelessness – YouTube

The spirit of Christmas isn’t just a good feeling, it’s a multi-billion dollar industry. Lights, tinsel, decorations all make for a pretty sight, but sometimes, they obscure those less fortunate.

Nicht So Gut: 7.5 mln Germans ‘functionally illiterate’ – YouTube

Published on Dec 23, 2012

To become one of the world’s industrial titans you need a work force that’s ready for anything, but grim statistics in the heart of Europe show millions of adults are being left behind because they have trouble reading and writing.

Keiser Report: Crazyflation (E383 ft. Peter Schiff)

Published on Dec 22, 2012

In this episode, Max Keiser and Stacy Herbert look at the the central bank revolution that will end in disaster with Japan leading the way after voters have demanded even more aggression with the nation’s monetary policy. They also look at Moody’s ratings getting no respect because nobody has done better than flipping a coin for 50 years in a slow burning prison. In the second half, Max Keiser talks to Peter Schiff about bonds, dollars and governments buying their own debt.

[youtube http://www.youtube.com/watch?v=CHicpd7EWNs]

2012 Year in Review | David Collum

Free Markets, Rule of Law, and Other Urban Legends

[Every year, friend-of-the-site David Collum writes a detailed “Year in Review” synopsis full of keen perspective and plenty of wit. This year’s is no exception. Moreover, he has graciously selected PeakProsperity.com as the site where it will be published in full. It’s quite longer than our usual posts, but worth the time to read in full. A downloadable pdf of the full article is available at the bottom of the post — cheers, Adam]

http://www.peakprosperity.com/blog/80283/2012-year-review