By Apek Mulay
Introduction
The US stock market is up more than 140% since its lows in 2009 [1]. However, US joblessness is also high. The twin deficits (Budget and Trade) have resulted from growing income disparity and offshoring high paying manufacturing jobs from the US. Questions also arise about the QE policies of the Fed. During the great depression …
By Apekshit Mulay (Apek), Microtech Analytical Labs
engmulay@gmail.com
As failure analysis engineers for companies, our job is to find the root cause of failure and recommend changes in design, process, tests, etc. to fix the problem. This type of analysis has become an important part of semiconductor mass production, which makes electronics cheaper and affordable for consumers. At the …
(PROUT Globe, September 2012) – A major US investor warns that further rounds of quantitative easing will be disastrous, and predicts the world’s leading economy will return to the gold standard.
“QE3 is coming. You know we’ve got a phony recovery, so it’s going to fail,” Euro Pacific Capital chief Peter Schiff argues. “We are headed for a currency crisis, …
By Trond Overland
Modern banking emerged during the Italian Renaissance. The idea behind it was ancient:
To make money out of lending money.
(Click image for larger image)
Today the money lender has become the master of all trades; giant banks control everything under the sun. Do they work in the interests of the people? The answer …
P.R. Sarkar
(17 April 1988, Calcutta) – In ancient times bullion was used as the medium of political and commercial transactions. In most countries gold was the preferred bullion, but in some countries silver bullion was also used. Of the countries which used gold bullion, some recognized silver bullion and some did not. If a country which used gold bullion …
By P.R. Sarkar
(13 September, 1987) – Each and every movement in this universe is systaltic. Nothing ever moves in a straight line. Due to this systaltic motion, internal clash and cohesion takes place. The ups and downs of socio-economic life in different phases of the social order are sure to take place due to this systaltic principle. When the …
(November 2010) – World Bank President Robert Zoellick has said Gold is now the “yellow elephant in the room” that needs to be acknowledged by policy-makers of major economies and central banks as discussions of a new international monetary system move forward. His recent comments on the need to reintegrate gold into the core of the global financial system have …
Dr. Susmit Kumar
Before the 1930s Great Depression, there were recessions in 1797-1800, 1807-1814, 1819-24, 1837-43, 1857-60, 1873-79, 1893-96, 1907-8 and 1918-21. The government did not intervene in any of these previous economic recessions and opted to let the economy find its own solution. Until 1930s Great Depression, economists thought that free markets would automatically provide full employment on their …
