Taste of The International Forecaster

This week's taste of The International Forecaster
by Bob Chapman

Several years from now many will see through the fallacies of Keynes and the nostrums that caused its demise. In the case of the Fed its goal is sustainable economic growth and price stability and that long term inflation expectations remain contained. As we have seen stability has been relative and inflation has been with us for many years, particularly since August 15, 1971, when the US dollar, the world reserve currency, abandoned gold backing. The simple conclusion is you cannot have both no matter what Keynes postulated. Central banks, and particularly the Fed, have allowed inflation to always be present, because deflation strikes absolute terror into their hearts. That is why the privately owned Fed demands total control over the US money supply. The Fed contends that they can control the economy via the money supply and manipulation of interest rates. The result is that stable prices are impossible. Growth has to be accompanied by inflation under Keynesianism; there can be no other outcome.
http://www.intforecaster.com/

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We are a long-time subscriber.   BK

Great Set of Articles From JSMineset.com

Jim Sinclair's www.jsmineset.com does a GREAT job updating everyone on the gold market. We visit his site daily.

http://jsmineset.com/2010/11/08/in-the-news-today-700/

Big winner at Caesars loses at the border

Fri Nov 5, 3:22 PM

By Trevor Wilhelm

WINDSOR, Ont. ­ A Caesars Windsor gambler lost $20,000 to the U.S. government after border guards called his bluff.
After a man from Birmingham, Mich., won $40,000 at Caesars Monday, he put half in deposit at the casino and tried to bring almost $20,000 back to Michigan without declaring it, according to U.S. officials.
"If he'd showed up at the border and said I've got $20,000 with me, we would have counted it, filled out the form and he would have been on his way home with his money."
Failing to declare the cash isn't a criminal offence, so the man's name hasn't been released.
For Canadian gamblers or others crossing the border with a lot of cash, the rules at the border are similar. There is no restriction on the amount of money you can bring to or take out of Canada, but you must report amounts of $10,000 or more. That includes cash, coins, bank notes and securities such as travellers cheques, stocks and bonds.  LINK...