News Analysis

Testimonials
  • NEVER MISS AN ISSUE

    I love the Daily Bell. Every issue is principled and informative.

    Lew Rockwell
    Founder of the Mises Institute

  • 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.

    Richard J. Maybury
    Author, Editor of U.S. & World Early Warning Report

  • INTELLECTUAL JOLT

    Sit down to read from The Daily Bell and experience a jolt of intellectual energy.

    Dr. Nathaniel Branden
    Psychotherapist, Bestselling Author

  • SEPARATES WHEAT FROM CHAFF

    The Daily Bell is a true beacon to lead in helping the reader to separate the wheat from the chaff.

    Dr. Antal Fekete
    Author, Educator and Monetary Scientist

  • FANTASTIC SOURCE

    The Daily Bell is a fantastic source of challenging thought from a wide range of freedom loving people.

    Dr. Joel Wade
    Author, Psychotherapist and Life Coach

  • AWE INSPIRING

    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.

    Jeff Berwick
    Founder of DollarVigilante.com

  • 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.

    Craig Huey
    Author, Small Business Owner

  • EXCELLENT ANALYSIS

    The Daily Bell has a great libertarian point of view, and excellent economic analysis. Add it to your daily reading.

    Peter Schiff
    Chairman and Chief Executive Officer, Euro Pacific Capital

  • 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.

    Dr. Edwin Vieira
    Author and Constitutional Expert

  • 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.

    Jeffrey Armstrong
    Award-winning Author, Vedic Philosopher

  • 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.

    Alexander McCobin
    Executive Director of Students for Liberty

  • 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!

    Jeffrey Tucker
    Author, Executive Editor of Laissez Faire Books

  • 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.

    Gerald Celente
    Bestselling Author, Founder of the Trends Research Institute

  • 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

    Dr. Thomas Woods Jr.
    NY Times Bestselling Author & Senior Fellow, Mises Institute

  • VERY INFORMATIVE

    I read The Daily Bell every day and I find it very informative.

    Marc Faber
    Dr. Marc Faber, Author, Publisher of The Gloom Boom & Doom Report

  • 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.

    Dr. Richard Ebeling
    Author, Professor of Economics at Northwood University

  • POWERFUL INSIGHTS

    I consider The Daily Bell essential reading for anyone desirous of understanding the way the world really works.

    Lord William Rees-Mogg
    Author, Former Deputy Editor, Financial Times

  • ESSENTIAL READING

    Liberty is under assault by Big Government. The Daily Bell is an essential tool for information for those who want to fight for freedom.

    Steve Forbes
    Chairman and Chief Executive Officer of Forbes Media

  • 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.

    G. Edward Griffin
    Author, Founder of Freedom Force International

  • RECOMMENDED READING

    For alternative views on contemporary politics, culture and science, from a libertarian point of view, check out The Daily Bell.

    Michael A. Cremo
    Author, Vedic Archeologist

  • EXCELLENT RESEARCH

    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.

    Dr. Mark Skousen
    Author & Founder of FreedomFest

  • INDEPENDENT

    Get outside the box with The Daily Bell and experience independent views.

    Paul Craig Roberts
    Author, Former Assistant Secretary of the Treasury in the Reagan Administration

  • 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.

    Nelson Hultberg
    Author, Director of Americans for a Free Republic

  • 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.

    Bill Murphy
    Chairman of Gold Anti-Trust Action Committee

  • COURAGEOUS REPORTING

    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.

    Ron Holland
    Author & Monetary Analyst

  • CONSISTENTLY SOLID

    The Daily Bell features consistently solid analysis of and thoughtful challenges to contemporary statism. I am proud to be on the team.

    Dr. Tibor Machan
    Author and Philosopher

  • 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.

    Rick Rule
    Founder of Global Resource Investments Inc.

  • 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.

    Dr. Hans Herman-Hoppe
    Author, Economist and Libertarian Philosopher

  • 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.

    Dave Morgan
    Author, Editor of Silver-Investor.com

  • THOUGHTFUL NEWS, EXCLUSIVE INTERVIEWS

    I always read the Bell. The news items are thoughtfully selected, and the interviews are unavailable elsewhere.

    Doug Casey
    Bestselling Author and Founder of Casey Research Group

  • 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!

    Charles Payne
    FOX Business Analyst

  • REFRESHING

    I enjoy reading The Daily Bell because it often has refreshing and novel ways of looking at things.

    Bill Bonner
    Bestselling Author, Founder of Agora Publishing

  • PART OF MY DAILY NEWS DIET

    I read it every day!

    Jim Rogers
    Bestselling Author, Co-founder of the Quantum Fund

  • EXCELLENT PERSPECTIVE

    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.

    Frank R. Suess
    Chairman & CEO of BFI Capital Group Inc.

  • 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.

    Catherine Austin Fitts
    Former Assistant Secretary of Housing and Federal Housing Commissioner

  • 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.

    Dr. Thomas DiLorenzo
    Professor of Economics, Loyola University Maryland

  • SIMPLY TERRIFIC

    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.

    John Browne
    Former Secretary of the Conservative Defense and Finance Committees, UK Parliament

  • INDISPENSABLE INFORMATION

    The Daily Bell is an indispensable source of news and information for those seeking to curtail the power of the welfare-warfare state.

    Dr. Grant Havers
    Chair, Department of Philosophy, Trinity Western University

  • 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.

    James Jaeger
    Telly Award-winning Filmmaker

  • OUT OF THE DARK

    The Daily Bell leads us out of the dark tunnel of manipulated press into the light of free press.

    John Perkins
    Bestselling Author

 

Subscribe now to start your FREE email subscription to:

The Daily Bell Newswire

By subscribing, I confirm that I have read the privacy policy and the terms of use policy in its entirety and I understand and accept these terms.

 

 
The IMF's Meaningless Words

IMF Raises Global Outlook as Advanced Nations Accelerate ... The International Monetary Fund raised its forecast for global growth this year as expansions in the U.S. and U.K. accelerate, and urged advanced economies to maintain monetary accommodation to strengthen the recovery. Bloomberg

Dominant Social Theme: The IMF speaks and the world listens.

Free-Market Analysis: When did IMF utterances start to command the front page? These unelected and for the most part faceless bureaucrats have just decided the world will be in a lot better shape in 2014.

We don't believe it for a minute. Starvation is not going away and neither is joblessness. But it sounds good. And it helps with a particular narrative.

In fact, it fits right into our documentation of the Wall Street Party. Using various regulatory and monetary means, top globalists have set the stage for continued equity ascension. The constant promotion of fracking and the suspicious collapse of the gold market support this theme.

Soon there will be nothing else to consider, no other game in town but equity, and – if we are correct – the stock market will respond to this flogging for a while. Though not forever.

Like all such predictions, the IMF seeks to organize reality in a certain way. None of this organization is necessarily true. In fact, in many ways it is fiction. But that doesn't matter. There is one predetermined goal, apparently. And that is to convince people there is a "recovery" underway.

But what has been created by excess money printing is a series of unsustainable reflations – asset bubbles. We are not supposed to notice that. Here's more:

The global economy will grow 3.7 percent this year, compared with an October estimate of 3.6 percent, the IMF said in revisions to its World Economic Outlook released in Washington today. U.S. gross domestic product will expand 2.8 percent, compared with 2.6 percent; Japan will gain 1.7 percent versus 1.2 percent; and the U.K. will increase 2.4 percent from 1.9 percent, the report showed.

"In advanced economies, output gaps generally remain large and, given the risks, the monetary policy stance should stay accommodative while fiscal consolidation continues," the Washington-based organization said in the report.

"In many emerging market and developing economies, stronger external demand from advanced economies will lift growth, although domestic weaknesses remain a concern."

Central banks in the U.S., Japan and the euro area face inflation levels under their targets while trying to accelerate growth with policies including benchmark interest rates near zero and bond-buying programs.

While it raised the outlook for advanced nations, the IMF said "downside risks remain," including financial-market volatility in emerging markets ...

An important line in this story is the IMF's advice that economies around the world ought to remain "accommodative," which means bureaucrats around the world ought to keep printing more money than their respective economies need.

They never know how much "accommodation" is too much. In fact, this level of stimulation is historical. It's never happened before. We're supposed to believe it's sensible because it corresponds to a given narrative. But in a sense, the entire argument is rhetorically dishonest, proceeding from false premise to false conclusion.

New Bank of England head Mark Carney provides us with another example of this directed history. Here, from the UK Telegraph regarding the IMF's recent decrees:

IMF endorses Carney stimulus as it upgrades ... The International Monetary Fund has handed a boost to the Governor of the Bank of England (BoE) by pledging its support for continued economic stimulus, even as it ramped up growth projections for Britain's economy.

The organisation forecast on Tuesday that Britain will grow by 2.4pc this year, against the 1.9pc prediction it made in October. The IMF also upgraded its predictions for the US, China and the eurozone, although it warned that the vulnerable state of some European and emerging nations meant a global recovery was "not yet out of the woods" and that central banks should continue to nurse economies back to health.

In endorsing continued stimulus, the IMF appeared to lend support to Mark Carney, the Governor of the BoE, who has emphasised the need to keep interest rates at their current lows for an extended period. Mr Carney has stressed that the recovery remains fragile and that there is significant "slack" in the economy.

"In advanced economies, output gaps generally remain large and, given the risks, the monetary policy stance should stay accommodative while fiscal consolidation continues," the IMF said in its report. "Activity in the UK has been buoyed by easier credit conditions and increased confidence... but economic slack will remain high."

Mr Carney has indicated that the Bank of England (BoE) is likely to maintain its ultra-low rates even beyond the current threshold of a 7pc unemployment rate, which is expected to be reached in the first half of this year. The US Federal Reserve and European Central Bank have also said that policy will remain loose for some time.

It all seems so ... neat. And it is. These are institutions of man not nature. Their controllers know each other. They go to school together. They run into each other at parties and conferences. They apply for the same jobs. They know what is professionally prudent to say and what is not.

And so they play their parts. All over the world people with high IQs and high net worths move their lips so sounds come out, but the meaning is suspect and worse.

It is impossible to build economies on debt. It is impossible for governments to create prosperity. It is impossible for technocrats to understand how much money to print. It is impossible for IMF bureaucrats to sum up "economic progress" around the world with a few conflicting statistics.

But that doesn't matter. There is a narrative to construct and a plan to activate. The balls have to stay in the air long enough to convince people that the world is in the grip of a great stimulative boom.

Conclusion

And so let the "party" begin.

Rate this article:

Total Ratings: 21 - Average Rating: 4.8

Books by Anthony Wile
Financial
Freedom

The High Alert Way to Discover Winning and Profitable Investment Ideas

Free Download

The Best of
Anthony Wile

Select Editorials & Exclusive Interviews As featured at TheDailyBell.com

Free Download

High
Alert

How the Internet Reformation is causing a financial hurricane - and how to profit from it

Free Download

The Liberation
of Flockhead

A modest, monetary fable

Free Download

Who We Are

The Daily Bell is published by a dedicated team of experienced researchers and writers who utilize Anthony Wile’s VESTS model to analyze sociopolitical, economic and financial information from a free-market perspective, debunking mainstream media memes and providing insights and analysis derived from business cycle analysis that yield timely insights into profitable investment trends.

 
Sign Up for our FREE Newsletter

Subscribe now to start your FREE email subscription to
The Daily Bell Newswire.