Interested in Learning Economics? – Free Ebook

If you are interested in learning economics, which I think you should be, take a look at this free ebook.

Economics in One Lesson is a great primer in learning economics.  It is easy to read and written in a way that is not heady or difficult to understand like most books on the subject of Economics.  You will enjoy learning economics with this book.

Enjoy the free ebook or order it in hard copy.  And as always let me know what you think.  I’d love to hear your comments.

Ron Paul’s Predictions – 2010 Economy Will Get Much Worse

The Depression is Not Over

from Mises Daily: Wednesday, February 10, 2010 by Frank Shostak

Real GDP increased at an annual rate of 5.7% in Q4 after rising by 2.2% in Q3 — the quickest pace in more than six years. This was above Wall Street economists’ forecast for a 4.6% increase in Q4. The yearly rate of growth of real GDP climbed to 0.1% in Q4 from −2.6% in Q3. The yearly rate of growth of GDP at current prices, i.e., nominal GDP increased by 0.8% in Q4 from −2.1% in the prior quarter.

The bounce in the growth momentum of both real and nominal GDP is due to the Fed’s massive money expansion. However, a sharp fall in the growth momentum of real AMS[1] poses a threat to the growth momentum of GDP in quarters ahead.

Most economists, including the White House chief economist Christina Romer, hailed the Q4 GDP data as “the most positive news to date on the economy.”

But economic growth presented in terms of GDP just describes monetary expenditure. GDP is designed along the line of Keynesian thinking, which holds that spending equates with income — hence more spending leads to a higher national income and in turn to higher economic growth. On this logic, a tighter monetary stance by the Fed leads to slower economic growth while increases in monetary pumping produce higher economic growth. (In the GDP framework, money expansion leads to an increase in overall income in the economy, and hence to a higher rate of growth of GDP).

In reality the exact opposite actually takes place — printing more money weakens wealth generators’ ability to grow the economy whilst a decline in the money supply’s rate of growth strengthens their ability to grow the economy.

Once the central bank raises the pace of money expansion in order to lift the economy out of a recession, it prevents the demise of various false activities. It also gives rise to new false activities. The outcome of such so-called economic growth is nothing more than the strengthening of wealth consumers and renewed pressure on wealth generators. All this undermines the process of wealth generation and weakens true economic growth.

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The Unemployment Rate – Visually Over Time

Take a look at this intriguing visual of the unemployment rate, which has been moving up for quite some time.

The visual stops at December 2010 with 9.3%, but the current unemployment rate has reached 10.6%.

Enjoy the visual.

Is the Tea Party Movement Ignoring It’s Founder?

Is an Olympic Gold Medal Made of Solid Gold?

I”m sure that for many people watching the olympics the question of the gold content of a Gold Medal has crossed the mind.

So is an olympic Gold metal made out of gold?  It turns out yes: but it is not solid gold.

Check out this article by Jake Towne about the Olympic Gold Medals for more information.

Ron Paul Brings Down the House at CPAC! February 19, 2010

Why Am I So Optimistic?

In the End… We Win.

Ron Paul: Fractional Reserve Banking is Fraudulent

For more info on this subject see the links below.

9 Minute Video – Explanation of the fraud of fractional reserve banking

47 Minute Video – History of fractional reserve banking.

The FED Seeks Control, Not Profits.

by Gary North

This report is from Fortune. It says that the Federal Reserve System made $51 billion in 2009, and it returned over $46 billion to the government.

If you are a regular reader of my reports, you are well aware of this. I write articles on this at least once a year. Why? Because so few critics of the FED understand this. I keep getting questions on the forums about how the FED works.

The Federal Reserve System is not about making money at the expense of the government. It is about using a government-granted monopoly over money to regulate the economy to the benefit of a handful of large banks. This has always been its primary function.

The banking system is a cartel. The Federal Reserve System is the cartel’s protector and enforcer.

The Fortune article makes these points, all accurate.

The Fed, in a statement on Tuesday, said its members returned $46 billion of that sum to taxpayers. The central bank is an independent arm of the government and its member banks are required to return all profits to the Treasury, after certain deductions.

Those deductions account for the $6 billion difference between the two figures. Federal Reserve banks paid the private banks that control them $1.4 billion in dividends in 2009, while shoring up their own capital by $4.6 billion.

Who owns the FED? Member banks. How much money did the FED make in profit? About $1.4 billion. That’s not bad on $51 billion of income. It’s about 2.7%. But it is a far cry from the standard criticism from anti-FED critics that the FED makes huge profits by creating money out of nothing.

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