Endless Sun Solar

Category: Economics

Essays and commentary to better understand the financial world we live in as well as the consequences of the actions and policies pursued by governments, central banks and the average Joe.


The Protectionist Industry – Today’s Quote

This protectionist industry association (the American Society of Interior Designers) has engaged in a decades-long campaign to push licensing and titling laws for interior designers on several states. (Who else will save us from avocado appliances and bad feng shui?) Veronique de Rugy via Free the Horse Masseuses! – Reason.com Andrew’s Note:  Cosmetology licenses required for hair braiders, food handling licenses required for the little old ladies at the church bake sale, ride share exchanges being put out of business by the taxi concessions, $100,000 fines for fathers teaching their children how to start a small farming business and compliance requirements that preclude our friend P.I.G., a licensed broker dealer from exercising his freedom of speech.  It seems to me that licensing and certification laws and regulations began as a way to protect the public but have now become a mechanisms for industry associations to assure high prices and tools for petty tyrants. FacebookPinterestGoogleRedditTwitterTumblrEmailPrintPocketMoreLinkedInLike this:Like...

Great Depression II – Today’s Quote

[The Fed’s] vastly misguided monetary policies are now setting the stage for a new economic and social catastrophe — one that could rival the financial crisis and horrors of the 1930s. Steve Forbes via Link dollar to gold or face Great Depression II | WashingtonExaminer.com FacebookPinterestGoogleRedditTwitterTumblrEmailPrintPocketMoreLinkedInLike this:Like...

They Understand Nothing – Today’s Quote

Nobody smart enough to handle the job ever seeks such positions. Governments are run by lawyer-politicians who think they need only decree some law that solves the problem. They understand nothing. Tyler Durden via Cameron, Confiscation, And “What’s Yours Ain’t Yours!” | Zero Hedge FacebookPinterestGoogleRedditTwitterTumblrEmailPrintPocketMoreLinkedInLike this:Like...

Victim To The Welfare Mentality – Today’s Quote

I am angry about the mammoth, out-of-control social welfare entitlement programs from Washington, DC, that were supposed to solve our problems. The obvious truth is these impractical, politically motivated programs have irreparably damaged the fabric of our black society and community. The irony is, we were told these policies would help us most of all, and yet our community has ended up being the most grievously harmed. To those who fell victim to the welfare mentality, I am sorry to say, you were sold a horrific lie. You are shackled to the twenty-first-century economic plantation. We want nothing more than for you to be liberated as well, because you cannot continue to live in bondage. The Republican Party was established for one reason: the abolition of slavery through passage of the Thirteenth Amendment. Against the Democratic Party, the Republicans engaged in a fundamental philosophical fight for individual freedom from physical bondage. Today the fight for freedom continues with the same protagonists and antagonists, except now it is economic rather than physical bondage that must be defeated.” Former U.S. Representative and U.S. Army Lieutenant Colonel Allen West from his book Guardian of the Republic: An American Ronin’s Journey to Faith, Family and Freedom FacebookPinterestGoogleRedditTwitterTumblrEmailPrintPocketMoreLinkedInLike this:Like...

A New Form of Slavery – Today’s Quote

When Booker T. Washington talked about education, self-reliance and entrepreneurship, he was describing economic independence. But the Great Society has left a legacy of economic dependence, a new form of slavery, and to me, a far more dangerous one, because it destroys the will and determination to excel. As President Franklin Roosevelt said, welfare is “a subtle destroyer of the human spirit.” And that is what I see when I go back to the ol’ Fourth Ward… The Great Society has turned out to be a big lie, and sadly, those in my community who bought into it are stuck on the twenty-first-century plantation.” Former U.S. Representative and U.S. Army Lieutenant Colonel Allen West from his book Guardian of the Republic: An American Ronin’s Journey to Faith, Family and Freedom FacebookPinterestGoogleRedditTwitterTumblrEmailPrintPocketMoreLinkedInLike this:Like...

Debt is Servitude – Today’s Quote

I place [the] economy among the first and most important virtues, and public debt as the greatest of dangers to be feared…we must not let our rulers load us with perpetual debt. We must make our choice between economy and liberty…or profusion and servitude. Revolutionary & President Thomas Jefferson FacebookPinterestGoogleRedditTwitterTumblrEmailPrintPocketMoreLinkedInLike this:Like...

Paying The Cost Of Our Own Slavery – Today’s Quote

But if you wish to remain slaves of bankers and pay the cost of your own slavery, let them create money. Baron Josiah Stamp; Director, Bank of England, 1928 FacebookPinterestGoogleRedditTwitterTumblrEmailPrintPocketMoreLinkedInLike this:Like...

Gold Is Money – Today’s Quote

Gold Is Money, and Nothing Else. Banker and Financier, J.P. Morgan, testifying under oath to Congress before the Pujo Commission in 1913 FacebookPinterestGoogleRedditTwitterTumblrEmailPrintPocketMoreLinkedInLike this:Like...

Gold Backed Yuan – Today’s Quote

I note that China is doing two things: it is building up its gold reserves, and it is building up its military.  Furthermore, I believe China is getting ready to make its currency, the yuan, convertible…  China is preparing to make the yuan the world’s next reserve currency.  And I’ll ask this question once more — would you rather own a yuan which is backed by gold and a powerful military, or would you rather own a dollar, which is backed by debt and a shrinking military? Richard Russell – via My Blog Andrew’s Note:  Today’s quote was suggested by our very own P.I.G. FacebookPinterestGoogleRedditTwitterTumblrEmailPrintPocketMoreLinkedInLike this:Like...

Top 10 Symptoms of Poor Man’s Disease

I’ve been unemployed, I’ve lived check-to-check and I once lived in such a bad neighborhood that I made a game of seeing how many prostitutes I could count on my way home from work (high score was 12) but I’ve never been poor.  I’ve been researching and reading a lot about World War II lately and thinking about that generation that endured not only the great depression, but also the TEOTWAWKI event that was World War II.  We are so wealthy as a society even in the midst of this recession (that Uncle Sugar tells us was over in 2009) compared to what my grandparent’s generation endured.  Most of our ‘poor’ today live like kings compared to even the typical middle class family of the 1940’s but some people still insist on being poor.  I call this insistence on being ‘poor,’ these attitudes that guarantee you won’t improve your situation, ‘poor man’s disease’ and below are the Top 10 Symptoms of Poor Man’s Disease. Top 10 Symptoms of Poor Man’s Disease Contracting Poor Man’s Disease is the best way I know not only to guarantee that you’ll have trouble making ends meet but also to sustain a generally poor and depressing attitude.  While I jokingly call these the Top 10 Symptoms of Poor Man’s Disease they are in reality the activities that help you contract this life altering mental illness. Avoid education or advanced training in a trade:  No need to seek an education in a productive field or specialized training that will qualify you for an in-demand trade because you’ll be able to get by on your good looks, sparkling personality or uniqueness. When you suspect that your job will become obsolete don’t seek other opportunities:  You’re a widget guy… always have been, so when the widget industry is going the way of buggy manufacturer don’t look into...

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