I really enjoy reading The Daily Bell for the excellent research and content provided on a wide variety of issues vital to the Freedom Movement.
READ IT EVERY DAY
A defender of free markets, The Daily Bell takes a libertarian approach to expose and unravel global misinformation. Read The Daily Bell – every day!
TRUTH AT WORK
There are very few publications out there that have the smarts and guts to tell the truth about the dictatorial forces at work destroying our civilization. Thankfully The Daily Bell is one of them, and it appears in the mailbox every day.
The Daily Bell is an indispensable source of news and information for those seeking to curtail the power of the welfare-warfare state.
GREAT JOB, DAILY BELL
I can say that, unlike the mainstream press, The Daily Bell knows the questions to ask and has the chutzpah to ask them. They realize that socialism and Keynesianism are wrecking the world and they are helping to save what is left of liberty and free markets.
The Daily Bell is one of the most innovative and in-depth websites on the Internet. The breadth of the content is awe inspiring and the amount of knowledge imparted is almost impossible to quantify. For me, as a liberty minded seeker of knowledge, it is a must read.
I read The Daily Bell every day and I find it very informative.
INFORMATIVE SOURCE OF INFORMATION
The Daily Bell is an informative source of information and commentary from leading figures in the liberty movement. It's a pleasure to be interviewed alongside far more notable individuals.
PREMIER FREE-MARKET ANALYSIS
The Daily Bell rings out for liberty every day. It is the premier online source for insightful and hard-hitting free-market analysis and interpretation of economic, political and business events.
MESSAGES OF TRUTH
The Daily Bell website is one of the authentic voices cutting through the clouds of vapid opinion, the morass of mediocre media and the confusion of Orwellian doublespeak. The Bell website lives up to its name, ringing unheard messages of truth in our ears.
For alternative views on contemporary politics, culture and science, from a libertarian point of view, check out The Daily Bell.
A LEADING LIGHT
The future is created by the people who build it, not the people who predict it will not exist. You can meet lots of important builders by reading The Daily Bell.
SOURCES YOU CAN TRUST
The Daily Bell should be on everyone's shortlist of news sources you can trust. It's on mine, and we often refer to it in our own weekly news service at The Reality Zone.
CUTTING EDGE ANALYSIS
At a time when growing majorities worldwide are tuning out mainstream news, people are seeking the cutting edge, insightful and thought provoking analysis that The Daily Bell consistently provides.
The Daily Bell has a great libertarian point of view, and excellent economic analysis. Add it to your daily reading.
GUTS, OBJECTIVITY, WISDOM
Rarely does a publication have the guts and objectivity to tell it like it is, yet the eloquence and wisdom to listen carefully to the ‘other side.’ This is The Daily Bell accomplishing its daily mission.
A VIRTUAL WHO'S WHO
The good and the bad, the big dogs and the small, the thinkers and the doers among libertarians and on the "Right" – you can encounter them all in The Daily Bell's exclusive weekly interviews. Indispensable.
A MUST-READ FOR EVERYONE
The Daily Bell is a must-read for anyone who wants to understand the effects of the state on our economic future.
OUT OF THE DARK
The Daily Bell leads us out of the dark tunnel of manipulated press into the light of free press.
THE DAILY BELL IS A MUST-READ
Because the world is changing so rapidly, it is difficult to keep up, which means The Daily Bell is a must read. I consider the information critically important reading.
GREAT THINKERS YOU CAN'T GET ANYWHERE ELSE
The Daily Bell has revived that great old institution of the personal interview, extracting information from today's great thinkers you can't get anywhere else. Outstanding!
PROFOUND AND PROVOCATIVE
Every day, I rely on the Daily Bell for a different perspective you'll never find in the regular media. It's an analysis and timely insight that is profound and provocative.
VOICE OF REASON
I have thoroughly enjoyed the analysis and interviews at The Daily Bell, which has so often been a voice of reason during these perilous times
GREAT INVESTMENT INFORMATION
I love reading The Daily Bell! Interesting investment information, a political and social viewpoint that lets me know I'm not alone in the world and "annotated" with analysis. I highly recommend it to all interested readers.
I enjoy reading The Daily Bell because it often has refreshing and novel ways of looking at things.
Sit down to read from The Daily Bell and experience a jolt of intellectual energy.
PART OF MY DAILY NEWS DIET
I read it every day!
NEVER MISS AN ISSUE
I love the Daily Bell. Every issue is principled and informative.
There is no other publication in print or on the Internet like The Daily Bell. They have the courage to report the truth and analyze current foreign policy, politics and economic events in the context of a formerly hidden history of financial elites.
AHEAD OF THE CURVE
The Daily Bell has come out of nowhere to introduce to the Internet community some of the most intriguing and proactive interviews there are out there. Let's hear it for creativity and being ahead of the curve.
THOUGHTFUL NEWS, EXCLUSIVE INTERVIEWS
I always read the Bell. The news items are thoughtfully selected, and the interviews are unavailable elsewhere.
Get outside the box with The Daily Bell and experience independent views.
SEPARATES WHEAT FROM CHAFF
The Daily Bell is a true beacon to lead in helping the reader to separate the wheat from the chaff.
I consider The Daily Bell essential reading for anyone desirous of understanding the way the world really works.
The Daily Bell is a fantastic source of challenging thought from a wide range of freedom loving people.
INSIGHT YOU CANNOT IGNORE
The Daily Bell provides unique insights on contemporary political, economic and social problems that can be found in such a concentrated form nowhere else. Whether one agrees or disagrees with it, one cannot afford to ignore it.
Liberty is under assault by Big Government. The Daily Bell is an essential tool for information for those who want to fight for freedom.
The Daily Bell does a remarkable job of exposing how money power uses central banking to crush people into submission via global government with economic and political slavery being the desired end result.
The Daily Bell features consistently solid analysis of and thoughtful challenges to contemporary statism. I am proud to be on the team.
The Daily Bell affords an excellent alternative perspective on some of the noise and nonsense of mainstream media. In particular, I enjoy reading Anthony Wile's 'free-market analysis' on current subjects and articles. Very insightful.
Blaming Wall Street Is Wrong
October 01, 2011
Editorial By Anthony Wile
The Blame Wall Street meme is back. A popular movement called Occupy Wall Street is attracting attention by protesting in and around the US financial district. In this editorial, I want to examine what the protest means in a larger context.
The impulse of the demonstration is surely correct insofar as it goes. Today's monetary system is likely creating a kind of globalist society verging on feudalism. But are the fingers pointing in the right direction? I'm not so sure. We've written about this in the past, here:
In fact, we've been waiting for this subdominant social theme to make progress for some four years now since the economic meltdown of early 2008. People are very angry, and it's handy to blame stockbrokers and bankers for what's gone wrong.
It's not entirely right, of course. Wall Street, or much of it, provides an essentially transactional function. It wouldn't exist as it does without the larger economic system of the Western world driven by central banking.
There are very large centers of money power in Wall Street such as Goldman Sachs; and Goldman Sachs is certainly an integral and purposeful part of the modern corporatist system. But even much of what Goldman Sachs does is essentially transactional. It's fundamentally a business, an intermediary, and its employees are paid (a lot, admittedly) to perform certain functions. The real control, I'd argue, lies elsewhere.
To get at the root of the problem, one should be protesting, say, in London's City where central banking originated. Or protesting in front of the Federal Reserve in Washington DC. These are real seats of power. But the shadowy and excessively powerful and wealthy individuals who have created the modern economic system are quite satisfied no doubt to have Wall Street take the blame. It suits their purposes.
In fact, the handful of powerful Anglosphere families that control central banking have done everything they can to focus the blame on the financial industry (the evil intermediary part) since 2008. The record is plain to see. Just Google "banks" and "regulation" and you'll get an idea of how pervasive the attack on the securities industry and commercial banking has been.
It started right after the economic crisis took hold and it continues even now. America's regulatory system has been restructured and so has Britain's and Europe's. And the reforms have given government more power than ever (and thus provided more leverage to the central-banking families that have a hold over Western governments). Everything that was wrong with the current system has been reinforced.
The results of this restructuring have been ever-more massive centralization of power by federal governments and unelected bureaucrats. The increased regulation perversely will only benefit the powers-that-be who thrive on regulatory capture. Regulation ALWAYS benefits the largest players at the expense of the smaller.
What we call the Internet Reformation – the era of the Internet – has provided a good deal more information on the way the world works. It's helped people understand why government doesn't work and why regulations are generally pernicious and usually encourage the very trends they are supposed to prevent.
But education only goes so far; and it's an ongoing process. In response, the Anglosphere power elite that we write about regularly has fought back. It's been trying to crank up the "blame Wall Street" theme for several years now. Finally, it's catching on.
During the Great Depression of the 1930s, Wall Street came in for a great deal of criticism and then was comprehensively regulated. Fast forward to 2011. Things are worse than ever. The centralization is worse, the corruption is worse – and the economic system (call it "capitalism") doesn't work any better than in the 1930s.
Regulation doesn't work at all. Regulating Wall Street doesn't work. Using the Leviathan (federal government) to tame the abuses of the securities industry only makes things worse. Giving unelected bureaucrats power over banks and the securities industry centralizes the corruption and guarantees more of the same in bigger amounts.
Unfortunately, Occupy Wall Street has taken a (predictably) anti-free market turn. It's apparently being hijacked by the modern Left, and the rhetoric of individuals involved increasingly mimics the socialist heyday of the early 20th Century.
On purpose, they are creating a straw man. Free markets don't really exist these days. Today's corporatist capitalism, fighting for life within the ambit of regulatory democracy, has little to do with vibrant entrepreneurialism or even allowing people a chance to control the monetary and fiscal levers that dominate their lives.
Recently, the BBC made more news than they expected interviewing trader Alessio Rastani who said he "dreamed" of a stock market crash and a depression because he would make a great deal of money. The interview caused a sensation because it seemed to confirm what people thought about "money men" generally, who were happy to thrive on other people's misery and pain. Boy, did he feed the meme!
And just yesterday, the United Steelworkers (USW) put out a press release supporting Occupy Wall Street's activities and goals. "The United Steelworkers (USW) union stands in solidarity with and strongly supports Occupy Wall Street," it begins. Here's some more:
The brave men and women, many of them young people without jobs, who have been demonstrating around-the-clock for nearly two weeks in New York City are speaking out for the many in our world. We are fed up with the corporate greed, corruption and arrogance that have inflicted pain on far too many for far too long. Our union has been standing up and fighting these captains of finance who promote Wall Street over Main Street.
We know firsthand the devastation caused by a global economy where workers, their families, the environment and our futures are sacrificed so that a privileged few can make more money on everyone's labor but their own.
Wall Street and its counterparts on Bay Street (Toronto), The City (London) and across the world tanked our economy in 2008. They caused a crisis that we're still suffering from – record job losses, home foreclosures, cuts to schools, public services, police, fire and so much more. They've gambled with our pension funds and our futures for far too long ...
It's time to hold those who caused our economic crisis accountable, to ensure they don't get away with it again, and to demand that everyone pay their fair share ... The USW is proud to join with the brothers and sisters of the Occupy Wall Street movement as we continue this important fight for a more just economy and a brighter tomorrow.
Notice the rhetoric. "Workers ... are sacrificed so that a privileged few can make more money on everyone's labor but their own." This is a purely Marxist formulation. The problem, as has been amply analyzed by the alternative press, begins with central banking and the current practice of producing fiat money – printing money from nothing – which creates first booms and then devastating busts. Austrian economics is quite clear on this point and its descriptions correspond to reality, unlike those of Keynesian finance.
The press release blames Wall Street, Bay Street and The City for the financial crisis, but it's obvious that the USW is pointing the finger at those individuals who are involved in the transactional business of high finance, not those who run central banks or control the modern monetary system.
According to Wikipedia, the aim of the Occupy Wall Street demonstrations is to begin "to draw attention to Wall Street's apparent misdeeds and call for structural economic reforms" especially as regards "wealth disparity."
If this is really the goal of Occupy Wall Street, then its organizers should move at least some of their protests to Washington DC and to the mile square City of London, for these areas contain the central banking mechanisms that cause the real damage.
It is too bad that the Occupy Wall Street movement seems to be obscuring the larger issues by apparently blaming the private (transactional) sector in entirety for what has occurred in the past few years. Perhaps I'm wrong, but this seems to be the case. And if it is, then the demonstrations are a step back rather than forward.