THE DOLLAR VIGILANTE BLOG

Free Medicine For All!

By me | January 13, 2011

The state, as in the nation-state, or government, is, by its very nature, coercive, violent and anti-free-market.

The fact that anyone wants to live in a nation-state and be governed by a government is unbelievable to me.  But, most people don’t know that there are other options.  Like freedom.

I’ve spent much of my adult life avoiding living in countries which are heavily statist and replete with rules, regulations, laws, police, prisons and taxes.

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The Worst Argument Against Gold – Part II

By Ed Bugos | January 12, 2011

Yesterday’s rant on Kanada’s Globe & Mail article, “The Case Against Gold“, garnered a lot of feedback and so Jeff asked me to take the helm again on today’s blog in response.

It received a lot of feedback for a number of reasons.  The most common response was from Canadians themselves who wrote in to tell us that Canada is spelled with a ‘C’ and not a ‘K’ and that “not all Canadians are socialist.”

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The Worst Argument Against Gold We’ve Ever Heard

By Ed Bugos | January 11, 2011

A note from Ed Bugos,

Kanada is a very unusual place.  Jeff was wise enough to escape from this Socialist paradise years ago but I have remained.  It is unusual because, due to nothing but pure luck, the nation is host to some of the world’s largest reserves of almost every known commodity as well as gold, but the great majority of people in Kanada are socialist and therefore have no interest in or concept of why gold as money is such a valuable thing.

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The Separation of Money and State

By me | January 8, 2011

Yesterday we featured an excellent video called The American Dream which we applaud because any insightful and entertaining ways to get the general public to wake up to their monetary slavery is a good thing.

However it should be pointed out that the video implied one thing that is patently incorrect.

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The American Dream

By me | January 7, 2011

“The American Dream: You Have to Be Asleep to Believe It” – George Carlin (see an excellent monologue by the late, great George Carlin on The American Dream here)

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The Real Reason Paul Volcker Wants Out

By me | January 6, 2011

The news that Paul Volcker plans to step down from a “panel of experts” advising Barack Obama today will likely whip market participants into a bit of a frenzy analysing what this could possibly mean.

But, the problem with their conclusions will be that they are starting from an incorrect premise.  The great majority of market participants believe that Paul Volcker was responsible for ending the inflation of the 1970s.  And, as usual, the great majority of market participants are wrong.

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“Gold Rush Alaska” Miners Better Off Buying Junior Gold Stocks

By me | January 5, 2011

Have you seen the new reality show, “Gold Rush Alaska”?  There are many things that make it worthwhile watching.

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2011 – Final Days of the American Empire

By me | January 4, 2011

Happy new year to all and welcome back to our first blog post of the year!

As we just released the January issue of The Dollar Vigilante newsletter a few moments ago we thought we’d take a snippet from the newsletter and post it here.

Here are our comments, titled, 2011 – Final Days of the American Empire:

The definition of insolvency is having liabilities or debts in excess of their assets and being unable to service payments on the debt with existing income.  The US Government certainly qualifies in terms of having much more debt than assets.  As for being able to service the debt, the time when they cannot is now drawing clear.

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A Holiday Wish from The Dollar Vigilante

By me | December 26, 2010

At Christmas time,

Or so it seems,

Everyone wishes for love, and peace,

And sweet dreams

 

Love is easy,

Once you let go of fear,

And dreams as well,

Are made of good cheer

 

So that leaves peace,

Which is easy as well,

Just take back money from central banks,

And all would be swell

 

But Governments don’t want this,

The reason is clear,

Without dishonest money

They could not use fear

 

To ransack and defraud,

Pillage and screw,

So get rid of Governments,

And Peace on Earth will finally,

Come True

?

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Asia’s Rise – Go East, Young Man

By me | December 23, 2010

As usual, I had found myself incredibly lost in China.  It’s quite easy to do so, something I proved to myself on numerous occasions.

Of the nearly 100 countries I have visited in my travels, the top three most difficult countries to get around as an English speaking foreigner were China, Russia and, this one may surprise you, Mexico.

Considering its proximity to the US I was quite surprised to find how many people in Mexico don’t so much as speak a word of English.

But, at least the alphabet is basically the same and, in fact, most of the words can be figured out pretty easily as they come from the same origins.  I didn’t tend to get too lost in Mexico when I could read signs like, “Farmacia”, “Restaurante” and “Policia”.

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Can Consumption Improve An Economy?

By me | December 22, 2010

Asia are now the producers of the world.  The West, largely, are the consumers.  The proof is in the numbers.

Consuming more than you produce is bad, by the way, despite what American politicians say.  If you plan to improve your life in the future it is always better to produce more and consume less.  That’s about as basic as it gets.  But with leaders like George W. Bush intoning Americans to “Get out there and shop!” after the 9/11 attacks this logic obviously goes over his head!

Take a look at the current account balance (effectively exports minus imports of goods & services) leaders taken from the 2008 World Economic Outlook database.  Here are the top 25 producing nation states:

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Recovery.gov – Report Fraud, Waste and Abuse!

By me | December 18, 2010

I had just returned from a lovely stroll on the beach in drug-war-torn Acapulco and was pleased by, yet again, returning un-beheaded – despite the warnings from the western mass media.  I entered into my 29th floor beachfront condo with a full view of Acapulco Bay – a place, by the way, that cost me less than $100,000 and has annual property taxes of $300 (shameless plug: you can own one too: Acacondos.com).  (Perhaps that is why the American media is trying to portray Mexico as being hell on earth – if American’s knew how beautiful, free and cheap it was here they’d be climbing that wall to get into Mexico!)

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Don’t Believe the Hype

By me | December 17, 2010

There are many reasons not to believe anything you hear on TV or in the mass media.

For one, just like in our “Those Who Can, Do.  Those Who Can’t, Teach.” article, reporters aren’t generally experts in any particular field.  If they were, they’d be working in that field and not reporting.  A good reporter is one who can scope out the real story and find and get access to the best sources of information from which to present the fairest argument for both sides.  Suffice it to say, if you want fair and balanced, Fox News isn’t a place you should go anywhere near.

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European Vacation

By me | December 16, 2010

As most of our subscribers know we have been predicting further turmoil in Europe and an outright collapse of the euro currency since our publication began.

After each bailout we receive email from some people saying that the problems are now over in Europe.  After each announcement of austerity measures we hear the same thing.

But, in our estimation all of these problems can only be resolved once the euro currency is relegated to the dustbin of history, barely even lasting more than a decade.

The problems are too intractable.  The debt and deficits too large.  The demographics too poor.

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A Ball of Confusion, That’s What The World Is Today… Hey Hey!

By me | December 15, 2010

TEOTMSAWKI (The End Of The Monetary System As We Know It) is certainly interesting, if anything.

The markets, from stock markets, to the bond market, to commodities and fear indexes are all either at extremes or making extreme moves.  Just looking at all these movements might have you humming “Ball of Confusion” by Love and Rockets (see video here).

Let’s start with the bond market.  Treasuries and Municipal bonds have been getting destroyed in the last few weeks.

Treasuries have been sliding significantly ever since Ben Bernanke announced QE2 in August.

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Ben Bernanke on the Verge of a Nervous Breakdown?

By me | December 14, 2010

Federal Reserve Chairman, Ben Bernanke, did a 15 minute interview on 60 Minutes recently.  I avoided watching it for a few days because I just can’t take hearing so much wrong information in such a short period of time.

But I decided to view the interview today on Youtube (below).

 

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The Collapse of the USSA

By me | December 11, 2010

Incoming Speaker of the House, John Boehner, fresh off of ridding Congress of those out-of-control, tax and spend Democrats announced his first big plan to cut the budget today and he started close to home – in his and other congressman and senator budgets.

He stated:

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Those Who Can, Do. Those Who Can’t, Teach.

By me | December 10, 2010

I remember hearing the expression, “Those who can, do.  Those who can’t, teach.” sometime soon after I had all but dropped out of high school (I did get my diploma but I actually tried not to) and after I had been kicked out of College.

My mom had signed me up for College.  She was worried about me and thought that putting me in College was the best thing.  She did the same thing right after I got out of high school when she signed me up for the Canadian Navy.  But that’s a whole other story for another day.

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An Open Letter to Janet Napolitano

By me | December 9, 2010

Dear Mrs. Napolitano,

I recently viewed the following video which is being played at 588 Walmart stores in 27 States in the US and it inspired me to report some suspicious activity I’ve noticed for decades now but had never been requested to divulge this information to the US government in the past.  I was delighted to be informed of not only my ability, but also my obligation to do so.  Thank you for your kind offer!

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Governments Gone Wild

By me | December 8, 2010

“In a free society we are supposed to know the truth. In a society where truth becomes treason, we are in big trouble.” -Ron Paul

The recent news about Wikileaks founder, Julian Assange, is just further proof that governments around the world are out of control and will stop at nothing to retain their power and withhold the truth from the light of day.

In case you haven’t been following it, a website called Wikileaks recently published a number of secret government documents which many governments weren’t too happy about.

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American Retirement Funds at Serious Risk of Being Seized

By me | December 7, 2010

The news of Hungary effectively seizing private pension fund assets to pay for the debt obligations of the state last week should come as yet another reminder of the urgent need to get tax-sheltered retirement savings away from the clutches of the state before it’s too late.  Hungary is just the latest country to decide that it’s citizens retirement savings are the property of the state.

The last major country to use similar tactics was Argentina who confiscated about $3.2 billion of pension savings in 2001 before the country stopped servicing its debt and then nationalized the $24 billion industry two years ago to compensate for falling tax revenue after a 2005 debt restructuring.

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