Best of the Week
Most Popular
1. 2019 From A Fourth Turning Perspective - James_Quinn
2.Beware the Young Stocks Bear Market! - Zeal_LLC
3.Safe Havens are Surging. What this Means for Stocks 2019 - Troy_Bombardia
4.Most Popular Financial Markets Analysis of 2018 - Trump and BrExit Chaos Dominate - Nadeem_Walayat
5.January 2019 Financial Markets Analysis and Forecasts - Nadeem_Walayat
6.Silver Price Trend Analysis 2019 - Nadeem_Walayat
7.Why 90% of Traders Lose - Nadeem_Walayat
8.What to do With Your Money in a Stocks Bear Market - Stephen_McBride
9.Stock Market What to Expect in the First 3~5 Months of 2019 - Chris_Vermeulen
10.China, Global Economy has Tipped over: The Surging Dollar and the Rallying Yen - FXCOT
Last 7 days
20 Days Left to Find Buying Opportunities In Gold - 25th Mar 19
Will the Historic Imbalance in Gold Stocks to Gold Price Resolve ? - 25th Mar 19
EasySMX Wireless Games Controllers Review - 25th Mar 19
Stock Market Short-term Top - 25th Mar 19
UK Population Growth - Latest ONS Immigration Statistics and Consequences - 24th Mar 19
The Fed Follows Trump's Tweets, And Does The Right Thing - 24th Mar 19
Yield Curves, 2yr Yield, SPX Stocks and a Crack Up Boom? - 24th Mar 19
Risk/Reward in Silver Favors Buying Now, Not Waiting for Big Moves - 23rd Mar 19
Similarities Between Stock Market Today and Previous Bull Market Tops - 23rd Mar 19
Stock Market DOW Seasonal Trend Analysis - 23rd Mar 19
US Dollar Breakdown on Fed Was Much Worse Than It Looks - 23rd Mar 19
Gold Mid-Tier GDXJ Stocks Fundamentals - 23rd Mar 19
Which Currency Pairs Stand to Benefit from Prevailing Risk Aversion? - 23rd Mar 19
If You Get These 3 Things Right, You’ll Never Have to Worry About Money - 22nd Mar 19
March 2019 Cryptocurrency Technical Analysis - 22nd Mar 19
Turkey Tourist Fakes Market Bargains Haggling Top Tips - 22nd Mar 19
Next Recession: Finding A 48% Yield Amid The Ruins - 22nd Mar 19
Your Future Stock Returns Might Unpleasantly Surprise You - 22nd Mar 19
Fed Acknowledges “Recession Risks”. Run for the Hills! - 22nd Mar 19
Will Bridging Loans Grow in Demand and Usage in 2019? - 22nd Mar 19
Does Fed Know Something Gold Investors Do Not Know? - 21st Mar 19
Gold …Some Confirmations to Watch For - 21st Mar 19
UKIP No Longer About BrExit, Becomes BNP 2.0, Muslim Hate Party - 21st Mar 19
A Message to the Gold Bulls: Relying on the CoT Gives You A False Sense of Security - 20th Mar 19
The Secret to Funding a Green New Deal - 20th Mar 19
Vietnam, Part I: Colonialism and National Liberation - 20th Mar 19
Will the Fed Cut its Interest Rate Forecast, Pushing Gold Higher? - 20th Mar 19
Dow Jones Stock Market Topping Pattern - 20th Mar 19
Gold Stocks Outperform Gold but Not Stocks - 20th Mar 19
Here’s What You’re Not Hearing About the US - China Trade War - 20th Mar 19
US Overdosing on Debt - 19th Mar 19
Looking at the Economic Winter Season Ahead - 19th Mar 19
Will the Stock Market Crash Like 1937? - 19th Mar 19
Stock Market VIX Volaility Analysis - 19th Mar 19
FREE Access to Stock and Finanacial Markets Trading Analysis Worth $1229! - 19th Mar 19
US Stock Markets Price Anomaly Setup Continues - 19th Mar 19
Gold Price Confirmation of the Warning - 18th Mar 19
Split Stock Market Warning - 18th Mar 19
Stock Market Trend Analysis 2019 - Video - 18th Mar 19
Best Precious Metals Investment and Trades for 2019 - 18th Mar 19
Hurdles for Gold Stocks - 18th Mar 19
Pento: Coming QE & Low Rates Will Be ‘Rocket Fuel for Gold’ - 18th Mar 19
"This is for Tommy Robinson" Shouts Knife Wielding White Supremacist Terrorist in London - 18th Mar 19
This Is How You Create the Biggest Credit Bubble in History - 17th Mar 19
Crude Oil Bulls - For Whom the Bell Tolls - 17th Mar 19
Gold Mining Stocks Fundamentals - 17th Mar 19
Why Buy a Land Rover - Range Rover vs Huge Tree Branch Falling on its Roof - 17th Mar 19
UKIP Urged to Change Name to BNP 2.0 So BrExit Party Can Fight a 2nd EU Referendum - 17th Mar 19

Market Oracle FREE Newsletter

Stock Market Trend Forecast March to September 2019

Krugman's New Extraterrestrial Economic Plan For America

Politics / Economic Theory Aug 16, 2011 - 04:22 AM GMT

By: Jeff_Berwick

Politics

Best Financial Markets Analysis ArticleThe collapse of the US Government and US dollar is really turning into some of the best entertainment you can find. We've been enjoying it for the profit alone with our large position in gold and hard asset related investments. Just the humor, however, is worth the price of admission. We've stopped watching comedy movies. Will Ferrell can't beat this.


The biggest laughs of them all come from Paul Krugman of the New York Times. Krugman, as anyone with a functioning cerebrum knows, is nothing but a court jester or sideshow act of the collapse.


 Insane, Homeless Man Finds Suit in Trash

He looks like an insane, homeless man. And I realize that I just insulted insane, homeless men around the world.

Adding to the laugh factor, everything he says sounds like what an insane, homeless man would say! It's hard to know where to even begin with him.

Perhaps the funniest thing about Krugman is that he promotes himself as having won the Nobel Prize in Economics. There is, for the record, no such thing.

It'd be like if the Nantucket Bowling League had a "Nantucket Nobel Bowling Prize" and you went around town telling people you won the Nobel Prize in Bowling.

What Krugman attests to have won is a Nobel Memorial Prize in Economic Sciences. This "prize" is handed out by the central bank of Sweden, Sveriges Riksbank. Surprise, surprise... a central bank likes crazed Keynesian loudmouths.

In other words, it has no connection to the Nobel Prize whatsoever. Not that any connection to the Nobel Prize would be anything about which to crow. War-monger Barack Obama won the Nobel Peace Prize, after all!

But it is funny nonetheless that Krugman promotes himself this way.

But, today, Krugman even outdid.... Krugman!

He went on the State Broadcasting Network (known as "CNN" to most) to debate another Statist. That is the only kind of debates allowed on State Media in the US, after all.

His opponent stated that he approves of state spending on things as long as they are "useful" things. Krugman, offering the other side of the Statist argument, vehemently disagreed. Krugman said that ALL state spending is good and helps the economy.

Both are sadly, dangerously incorrect, of course. But even in this battle of the losers, Krugman loses.

Looking dishelved and unkempt, Krugman responded, "Look at World War II!", espousing the usual incorrect Keynesian propaganda that World War II pulled the US out of the Great Depression. And then he showed the insanity of his position.

He stated that even if we could come up with some artificial space attack by aliens, that THAT would help the economy! (You have to see it to believe it - below)


CNN - Fake Alien Invasion Can Improve The Economy

After all, we'd all be busy working on laser guns and outer space weapons technology, putting not only America back to work, but the entire world!

And, in that one statement, he showed the ludicrousity of modern Keynesian dogma.

So, if everyone in the world stopped what they were doing for a few years... No new iPads... no new flat screen TVs, no food production - except for subsistence level... and we all devoted all our time, effort and capital to preparing for a non-existant war, we'd be better off?

But even this isn't the worst part. That's how you know we are all screwed.

The worst part is that no one laughed.

Subscribe to TDV today (90 day moneyback guarantee) to access our Special Report on How to Own Gold as well as get complete access to our newsletter and portfolio selections.

The Dollar Vigilante is a free-market financial newsletter focused on covering all aspects of the ongoing financial collapse. The newsletter has news, information and analysis on investments for safety and for profit during the collapse including investments in gold, silver, energy and agriculture commodities and publicly traded stocks. As well, the newsletter covers other aspects including expatriation, both financially and physically and news and info on health, safety and other ways to survive the coming collapse of the US Dollar safely and comfortably. The Dollar Vigilante offers a free newsletter at DollarVigilante.com.

© 2011 Copyright Jeff Berwick - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules