News and Views

Kisatchie National Forest was in the spotlight last week with new coins sharing a design commemorating the site in Louisiana and a ceremony introducing them to the public. This week, there is... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More ››
2015/04/26 at 3:56pm
Via: Coin News
In a nutshell, people think the financial crisis is in our past. It is not. It is in our future. That was the overture to the opera, the beginning. This thing is far from over. It is the people who didn't understand that crisis that are the ones who think we have solved the problem. They never understood the problem in the first place, which is why they were so blindsided by the '08 financial crisis. I understood the problem and that is why I was warning about it for years and that is why I ... More ››
2015/04/26 at 2:06am
Via: The Daily Bell
Re: Glut of Capital and Labor Challenge Policy Makers Dear Sirs: The worldwide commodity glut is not a surprise to Austrian school economists. It is a wonderful example of the adverse consequences of monetary repression to drive the interest rate below the natural rate. Longer term projects, such as expansion of mineral extraction, appear to become profitable. But such is not the case for the simple reason that printing money does not represent an increase in real, saved resources. Eventually it will be clear that capital has been wasted, what Austrian school economists call “malinvested”. No amount of further monetary repression can More ››
2015/04/25 at 4:14pm
Via: Mises Canada
Precious metals bobbed back and forth for most of the week, but their losses weighed heavier than their gains. Gold not only slid 2.3% on the week, it closed on Friday at a five-week low. United... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More ››
2015/04/25 at 1:45pm
Via: Coin News
Walter Brueggemann is a contemporary theologian and an Old Testament scholar from the United Church of Christ to whom I have been introduced by one of our patrons. One of the things I appreciate most about le café, besides the occasional noted of how the patrons may have been affected by things served here, is when readers bring in knowledge and ideas and stories that I have not encountered More ››
2015/04/25 at 12:50pm
Via: Jesse’s Café Américain
"Another day---and more slices" Yesterday In Gold & Silver It was a fairly quiet trading day from a price perspective in the Far East on their Friday. The price developed a negative bias right out of the gate, with the low coming at 1 p.m. in Hong Kong trading. The tiny rally after that made it back above the Thursday close in New York by a few dollars around 8:30 a.m. in London---and then it was down hill until 12:30 BST. The price chopped sideways into the London p.m. "fix"---and once that was out of the way, the More ››
2015/04/25 at 4:23am
Via: Ed Steer’s Gold & Silver Daily
Violent overlordship, as we mentioned last week, is not eternal and in fact did not exist for long periods of time. In this week's segment we will describe its beginnings. It is important in our time to understand this. If rulership is eternal and inevitable, as we are taught, then all we can do is fight about how to divide the scraps that our rulers deign to leave us. But if rulership is not inevitable, a new world of possibilities opens to us. Continued from last week... THE RISE OF VIOLENCE ... More ››
2015/04/25 at 2:06am
Via: The Daily Bell
In 1970 country singer Lynn Anderson had a hit recording of a Joe South song that opened with the line: I beg your pardon. I never promised you a rose garden. I often think of that song in connection with the libertarian philosophy. You may be asking: for heaven's sake, why? Because it's what I want to say to people who seem annoyed that freedom would neither cure all existing social ills immediately nor prevent new ones from arising. It's a strange demand to make on a political philosophy ... More ››
2015/04/25 at 2:04am
Via: The Daily Bell
Nice to see that 'the London fix' has been 'fixed.' Not! The problem was never just in London, and not just with their 'fix.' The major source of the problem is much greater, and a the dark heart of it in the bucket shop markets about 3,460 miles to London's west. This chart is from Nick Laird and his chart and data repository at   More ››
2015/04/24 at 9:41pm
Via: Jesse’s Café Américain
"Peter.  Verily, verily, I say to you, When thou were young, you dressed yourself, and walked where you liked: but when you are old, you will stretch forth your hands, and another will gird you, and carry you where you would not like to go." About 23 years ago I went on a trip to Rome with my wife, who was then three months pregnant with my son. We wanted to make a pilgrimage there, and for More ››
2015/04/24 at 7:54pm
Via: Jesse’s Café Américain
There were about 50 tonnes of gold bullion taken out of the Shanghai Gold Exchange in the latest week. That is roughly 1,606,000 ounces in one week. I include the gold inventories at the Comex warehouses below for the purposes of comparison.  The 'registered' category is what is available for sale at current prices. More ››
2015/04/24 at 6:42pm
Via: Jesse’s Café Américain
Investors take profits on their oil-related ETFs such as XOP and USO as crude prices hit the highest levels of the year. More ››
2015/04/24 at 5:02pm
Via: Hard Assets Investor