Al Jazeera: New evidence in Lockerbie bombing points to Iran Al Jazeera has uncovered classified US intelligence cables that the Lockerbie bombing was subcontracted out by Iran in retaliation for the 'shooting down of Iran air flight 655 by the USS Vincecces which killed 290 people. The US blamed Libya instead. Worthy of thought and reflection.
A viewer offers two truths which explain the situation on Earth. (1) An elite of selfishness rules the planet and (2) malevolent forces are in control. I offer a third truth, i.e. the Earth is similar to a cosmic outpatient clinic where the inhabitants (us) suffer from Egoic Dissociative Disorder, EDD.
DRSCHOON.COM features the articles of Professor A. E. Fekete of the New Austrian School of Economics, a leading expert on gold and its role in financial markets and the economy.
BONDS MAY BE DEFYING DIRE FORECASTS
But They Are Not Defying Logic (Part Two)
In Part One of this two-part series I have argued that Keynes inadvertently ignored the rule asserting that the rate of interest and the price of bonds vary inversely and, as a consequence, his conclusions concerning employment, interest and money are irreparably faulty.
In this second part I shall argue that the policy of open market operations of the Fed causes deflation rather than inflation as intended. The authors of the policy have inadvertently ignored its effect on bond speculation. This was true in the 20th century; it is true in the 21st century as well. The Fedís monetary policy is counter-productive. It is trying to foster inflation through its bond purchases, but what it in fact does is fostering deflation through capital destruction. It is responsible for the coming depression, just as bond purchases of central banks were responsible for the Great Depression of the 1930ís. full article...