I am happy to see that some of the FOFOA regulars out there have found this series, read the critiques and commented, even if they are still hesitant to venture outside of their intellectually insulated Freegold Fortress and discuss these critiques in a forum that is not so dominated by Groupthink. But, to each his own! One comment from the FOFOA forum that I'd like to focus on here was made by regular "JR", who is known for answering questions
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I like that title, The Truth About Europe: There Is No Solution. But I don't think it can all be summed up, the reasons why I mean, in one article. So I think I'll make it a running series. Still, whatever data we can look at, past, present and future, none of it will make an essential difference. The title stands: There Is No Solution For Europe. Period. All I can do is keep pointing to news and stats and
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Even though it is obvious that the major banks wield tremendous influence over bureaucratic political systems worldwide, it is not often that you find the phrase “bankster puppet” illustrated so clearly in the mainstream media. Usually, there is some pretense or alternative justification for doling out billions of euros, dollars, etc. to the banks, such as – “if we don’t do this, the entire global economy will implode” (remember TARP?). Back then, people didn’t have a clue what was going
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Puerta del Sol- Madrid (Spain) c.1908 What’s really left to say about Spain, anymore? This 12th largest economy in the world now finds itself as close to financial meltdown as a country (other than Greece) can get, and it has gotten there by taking the most twisted and shady path that it could find. Ilargi wrote about this shadiness back on April 18 in his article, Spain, Land of Magical Financial Realism. In it, he discussed how the bank bailout
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Yesterday, we saw the story of the Roussaeu family (see Mammon is Hungry, by Surly), who had been misled, cheated and scammed by Wachovia and Wells Fargo until they had been taken for all of their savings and their home, and until Mr. Roussaeu finally decided to take his own life. Now, his wife and stepson have nowhere left to live, no one left to support them and no possibility of justice against the agents/banks who destroyed their lives. That
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January 1939. An evicted sharecropper among his possessions in New Madrid County, Missouri. 35mm nitrate negative by Arthur Rothstein. I would like to present an extremely depressing and disheartening article to you today, written by Surly of the Doomstead Diner. It contains a lengthy story that encapsulates all that is ass-backwards in modern consumerist cultures, where there is an unfathomable level of deception of the general population and an equally unfathomable lack of compassion for those who have fallen on
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This is number five in a series of articles documenting the principles and practice of eco-thrifty renovation written by Estwing of the ETR Blog for the Wanganui Chronicle. I will admit that in the first four weeks of this column I did not offer very many examples of low-hanging fruit with short payback periods as implied in the first column. I will also admit that I love Neil Diamond and I love pelmets. While I spent the last three columns
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This is a critique of the theory of Freegold (F-theory), which is part of an ongoing series entitled, Freegold: Perspectives and Critiques (FPC). A key concept underlying F-theory is that Freegold provides the world a way to abandon the debt-dollar global monetary system, after the latter has naturally run its course. It posits that the rest of the world will stop supporting the “peak exorbitant privilege” of the U.S., which it has achieved through the dollar’s reserve currency status, access
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What’s worse than creating hundreds of billions of dollars worth of absolutely unproductive debts over the course of a few years? Setting a target for how many hundreds of billions worth of unproductive debts you can create in one year, and then missing it, when the rest of the world is already saturated with debt and is relying on you to make up the funny-money difference. That is the situation in which China finds itself right now, in a nutshell.
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This is a critique of the theory of Freegold (F-theory), which is part of an ongoing series entitled, Freegold: Perspectives and Critiques (FPC). The following is a critique of FOFOA and F-theory by Reverse Engineer (RE) originally published at his blog, the Doomstead Diner. I am re-posting parts of the critique here because I believe RE hits on some key points of contention. Advocates of F-theory generally accept the foundational tenets of Austrian economic theory, even though they rarely claim
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