An Introduction to Austrian Economics

Introduction to Austrian Economics

Publish at Scribd or explore others:Non-fictionBookslibertyLibertarian

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Martin Armstrong: The Coming Great Depression

Coming Great Depression 120408

Publish at Scribd or explore others: Research economy martin armstrong

http://en.wikipedia.org/wiki/Martin_A._Armstrong

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If a metal-based currency ever emerges to end the reign of fiat paper, it is just as likely to be a "Copper Standard" as a "Gold Standard"

China's State Reserves Bureau (SRB) has instead been buying copper and other industrial metals over recent months on a scale that appears to go beyond the usual rebuilding of stocks for commercial reasons.

Nobu Su, head of Taiwan's TMT group, which ships commodities to China, said Beijing is trying to extricate itself from dollar dependency as fast as it can.

"China has woken up. The West is a black hole with all this money being printed. The Chinese are buying raw materials because it is a much better way to use their $1.9 trillion of reserves. They get ten times the impact, and can cover their infrastructure for 50 years."

more ...

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Gold is Free Market Money

Recorded at the Mises Institute Supporters Summit, 1 November 2008; Auburn, Alabama. Walter Block is a professor and chair of economics, college of business administration, at Loyola University. See WalterBlock.com for more information.



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Is Antarctica warming or cooling? Either way it proves global warming, according to climate modelers.

In the 1990s, predictions of a greenhouse-warmed Antarctic abounded. As time passed, though, problems surfaced. Research paper after paper indicated that, other than the tiny Antarctica peninsula, the continent was in fact cooling -- and had been doing so for many decades.

Skeptics pointed to this as a flaw in global warming theory. Not so fast, cried the climate modelers. They quickly spun a number of possible explanations, including ozone holes, ocean currents, and terrain that cut off Antarctica from the world's warming. As the certainty in the cooling trend grew, so did their statements, until they eventually began stating that they had predicted a cooling trend all along.

http://www.dailytech.com/Will+the+Real+Antarctica+Please+Stand+Up/article14028.htm

http://www.globalwarminghoax.com/comment.php?comment.news.109

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Harvard: the Inside Story of Its Finance Meltdown

For a long while Harvard's daring investment style was the envy of the endowment world. It made light bets in plain old stocks and bonds and went hell-for-leather into exotic and illiquid holdings: commodities, timberland, hedge funds, emerging market equities and private equity partnerships. The risky strategy paid off with market-beating results as long as the market was going up. But risk brings pain in a market crash. Although the full extent of the damage won't be known until Harvard releases the endowment numbers for June 30, 2009, the university is already working on the assumption that the portfolio will be down 30%, or $11 billion.

http://www.forbes.com/forbes/2009/0316/080_harvard_finance_meltdown.html

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Why You've Never Heard of the Great Depression of 1920

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A history of global warming 1957 to 2009

The global warming frenzy was becoming the cause célèbre of the media. After all, the media is mostly liberal, loves Al Gore, loves to warn us of impending disasters and tell us "the sky is falling, the sky is falling." The politicians and the environmentalist loved it, too.

But the tide was turning with Roger Revelle. He was forced out at Harvard at 65 and returned to California and a semi retirement position at UCSD. There he had time to rethink Carbon Dioxide and the greenhouse effect. The man who had inspired Al Gore and given the UN the basic research it needed to launch its Intergovernmental Panel on Climate Change was having second thoughts. In 1988 he wrote two cautionary letters to members of Congress. He wrote, "My own personal belief is that we should wait another 10 or 20 years to really be convinced that the greenhouse effect is going to be important for human beings, in both positive and negative ways." He added, "…we should be careful not to arouse too much alarm until the rate and amount of warming becomes clearer."

And in 1991 Revelle teamed up with Chauncey Starr, founding director of the Electric Power Research Institute and Fred Singer, the first director of the U.S. Weather Satellite Service, to write an article for Cosmos magazine. They urged more research and begged scientists and governments not to move too fast to curb greenhouse CO2 emissions because the true impact of carbon dioxide was not at all certain, and curbing the use of fossil fuels could have a huge, negative impact on the economy, jobs, and our standard of living. Considerable controversy still surrounds the authorship of this article. However, I have discussed this collaboration with Dr. Singer and he assures me that Revelle was considerably more certain than he was at the time that carbon dioxide was not a problem.

Did Roger Revelle attend the summer enclave at the Bohemian Grove in Northern California in 1990 while working on that article? Did he deliver a lakeside speech there to the assembled movers and shakers from Washington and Wall Street in which he apologized for sending the UN IPCC and Al Gore on this wild goose chase about global warming? Did he say that the key scientific conjecture of his lifetime had turned out wrong? The answer to those questions is, "Apparently.” People who were there have told me about that afternoon, but I have not located a transcript or a recording. People continue to share their memories with me on an informal basis. More evidence may be forthcoming.

Roger Revelle died of a heart attack three months after the Cosmos story was printed. Oh, how I wish he were still alive today. He might be able to stop this scientific silliness and end the global warming scam. He might well stand beside me as a global warming denier.

Al Gore has dismissed Roger Revelle’s mea culpa as the actions of a senile old man. The next year, while running for Vice President, he said the science behind global warming is settled and there will be no more debate. From 1992 until today, he and most of his cohorts have refused to debate global warming and when asked about us skeptics, they insult us and call us names.

http://www.kusi.com/weather/colemanscorner/38574742.html

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Stop living in the matrix people !

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Corrupt Socialism, IMF loans and currency manipulation did this to Argentina, so why is the uk going down the same path ?

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Max Keiser on Alex Jones Tv

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From Bubble to Depression?

But what sparks bubbles? Why does one large asset bubble -- like our dot-com bubble -- do no damage to the financial system while another one leads to its collapse? Key characteristics of housing markets -- momentum trading, liquidity, price-tier movements, and high-margin purchases -- combine to provide a fairly complete, simple description of the housing bubble collapse, and how it engulfed the financial system and then the wider economy.

http://online.wsj.com/article/SB123897612802791281.html

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