I started this blog in June 2007 asking these questions: Are we in a massive asset bubble that will blow up in our faces ??? - ANSWERED YES ! Is western and particularly British society on the verge of social collapse??? What are the best common sense long term investment strategies to keep you rich? When will consumption/debt bubble economics end and a real savings/production economy begin ???

Saturday, 27 March 2010

China property: Biggest bubble in the world

Beijing has unleashed another round of property market tightening measures, and this time it's tightening mortgage loan terms considerably: The mortgage interest discount has been reduced for first-time homebuyers; the discount has been abolished and down payment requirement raised to 40% for second-time homebuyers; and rates are at banker discretion while the required down payment has been raised to 60% for third-time buyers.

Predictably, sales volumes in the primary and secondary markets have collapsed. But no one is panicking, not even those who live off the property bubble. Why? Aren't they supposed to be terrified when Beijing cracks down?

It seems we have seen this movie before. Beijing launched property-tightening measures several times in the past but then relaxed them as soon as the market felt the bite. The bottom line is that local governments, and Beijing through them, depend very much on property for fiscal revenues. And now, the market does not believe the government will cut off the hand that feeds it.

more ...

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Thursday, 25 March 2010

Ben Bernanke was Wrong



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Bob Murphy vs Fed Economist: New Keynesian vs Austrian Economics

Brace for the second, third and more dips in the great inflationary recession - easy money just lengthens the pain:



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Tuesday, 23 March 2010

Scott Baker: Modern Georgist







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Thursday, 18 March 2010

Capitalism versus the Free Market

Economic Liberty Lecture Series: Sheldon Richman from The Future of Freedom Foundation on Vimeo.



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Ron Paul - Imagine if America were Occupied



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The Myth of the Free Market: Force = No Free Market



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Ron Paul: The power of the Fed





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Monday, 15 March 2010

Has China succumbed to hubris ?



China has succumbed to hubris. It has mistaken the soft diplomacy of Barack Obama for weakness, mistaken the US credit crisis for decline, and mistaken its own mercantilist bubble for ascendancy. There are echoes of Anglo-German spats before the First World War, when Wilhelmine Berlin so badly misjudged the strategic balance of power and over-played its hand.

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7442926/Is-Chinas-Politburo-spoiling-for-a-showdown-with-America.html

http://www.telegraph.co.uk/finance/comment/liamhalligan/7436875/The-more-America-huffs-about-the-yuan-the-less-China-will-do-about-it.html

http://www.telegraph.co.uk/finance/china-business/7448633/Britain-warns-China-against-protectionism.html

http://www.telegraph.co.uk/finance/china-business/7419840/Chinese-inflation-hits-16-month-high-raises-pressure-for-stimulus-cut.html

http://noagendaforums.com/index.php?topic=1973.0

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Sunday, 14 March 2010

What is inflation and what are its effects ?







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Saturday, 13 March 2010

Essential differences between Keynesian and Hayekian theorizing



http://www.auburn.edu/~garriro/macro.htm

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Sunday, 7 March 2010

THE GLOBAL SECURITY FUND

Is there a secret $75 trillon dollar fund from the 80s that could be used to pay off western debt but is being used by Bush, Clinton and the CIA to run black ops ?

http://dastych.wordpress.com/2010/02/18/the-wanta-plan-the-global-security-fund/

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Saturday, 6 March 2010

Thomas E. Woods: The Austrian Business Cycle for Dummies

















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Thursday, 4 March 2010

Ron Paul: Anti-war, Anti-government, Pro-freedom



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Tuesday, 2 March 2010

Madoff Whistleblower Harry Markopolos

Government regulation of finance does not work. Only a real free market can keep people honest !



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Daniel Hannan on the British Tea Party movement



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Warren Buffett Watch

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