Letter Re: Greenbackism is Not The Solution

Regarding the recent link to The Daily Bell‘s discussion of state-owned banks (Brownian Schism–Ellen Brown Restoring Credit with a Publicly-owned Bank: The Model of the Bank of North Dakota), economist Dr. Gary North has shredded and exposed Ellen Brown as a statist. The siren song of Greenbackism is entrancing Congressmen like Dennis Kucinich and even normally reliable commentators like Karl Denninger. Fiat credit, either through Greenbackism or state-owned bank, leads only to misery, not prosperity. Godspeed to you and yours. – B.G. in Wisconsin. JWR Replies: SurvivalBlog readers may also be interested in this recent piece by Dr. North: How …

Economics and Investing:

Lee H. sent this: China cutting rare earth exports to the world by 10+%. China provides 97% of rare earths to the world. Peter Schiff: Home Prices Are Still Too High. (Thanks to G.G. for the link.) Steve C. sent a link to an article quoting Marc Faber: Long-Term US Treasurys Are ‘Suicidal Investment’ Items from The Economatrix: Fewer Join Unemployment Rolls; Good Sign for 2011   Stocks Down Slightly As Investors Lock In 2010   Oil Settles Below $90 On Government Supply Report   

Odds ‘n Sods:

African Huts Far From the Grid Glow With Renewable Power    o o o What a concept! ‘We the people’ to open next Congress House to read Constitution    o o o Jim B. mentioned a review of three anatomy books.    o o o Mary F. flagged this from The New York Times: With Ambulances Stuck in Snow, City Resorted to Triage    o o o Commentary from Marko The Munchkin Wrangler: The Snow Gestapo