News & Analysis
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.
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.
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!
The Daily Bell features consistently solid analysis of and thoughtful challenges to contemporary statism. I am proud to be on the team.
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.
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!
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 enjoy reading The Daily Bell because it often has refreshing and novel ways of looking at things.
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.
The Daily Bell is a fantastic source of challenging thought from a wide range of freedom loving people.
The Daily Bell has a great libertarian point of view, and excellent economic analysis. Add it to your daily reading.
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.
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.
PART OF MY DAILY NEWS DIET
I read it every day!
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.
I consider The Daily Bell essential reading for anyone desirous of understanding the way the world really works.
THOUGHTFUL NEWS, EXCLUSIVE INTERVIEWS
I always read the Bell. The news items are thoughtfully selected, and the interviews are unavailable elsewhere.
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.
For alternative views on contemporary politics, culture and science, from a libertarian point of view, check out The Daily Bell.
OUT OF THE DARK
The Daily Bell leads us out of the dark tunnel of manipulated press into the light of free press.
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.
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.
I read The Daily Bell every day and I find it very informative.
Sit down to read from The Daily Bell and experience a jolt of intellectual energy.
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
SEPARATES WHEAT FROM CHAFF
The Daily Bell is a true beacon to lead in helping the reader to separate the wheat from the chaff.
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.
NEVER MISS AN ISSUE
I love the Daily Bell. Every issue is principled and informative.
The Daily Bell is an indispensable source of news and information for those seeking to curtail the power of the welfare-warfare state.
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.
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.
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.
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.
ONE OF MY FAVORITE SITES
The Daily Bell is one of five sites that I review every day because I find there a clear, common-sense interpretation of everyday events.
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.
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.
Liberty is under assault by Big Government. The Daily Bell is an essential tool for information for those who want to fight for freedom.
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.
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.
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.
Get outside the box with The Daily Bell and experience independent views.
A global frenzy buzzes now like so many angry bumblebees. At any moment, a company started in a dormitory just eight years ago will sell promoted common shares to the investing public and become the hottest technology diva ever. Unusual animal movements have preceded extraordinary natural disasters—might they also mark onset of man-made financial mayhem? Hundreds of millions of us like using Facebook. At first blush the features and benefits seem a compelling bargain. But as far as investors in this offering are concerned, are valuation levels for Facebook's Class A common shares supported by realistic hope or by artful hype? – Washington Times
Dominant Social Theme: Now that Facebook is worth US$ 100 billion, where's the next hot deal?
Free-Market Analysis: Frankly, we've been surprised by the lack of articles doubting Facebook's US$ 100 billion valuation.
This article in the Washington Times, written yesterday, is about the closest we could come, recently, in the mainstream media.
We've been frank about our perception of what Facebook is – a creation in part of American Intel, which evidently and obviously has a stake in utilizing the data that Facebook "mines."
For this reason we have described Facebook as lacking a business model, which is odd for a company that was just valued at US$ 100 billion.
Where is this business model?
Google provides a service – a search algorithm. Microsoft provides computer software. Apple provides innovative and beautiful software.
We had the same nagging skepticism when it came to Yahoo. One day, not so long ago, we realized that whatever Yahoo had been, it wasn't that now. We couldn't define, in fact ,what Yahoo was – and others seem to feel the same way. Yahoo is on a long skid down.
And what about Facebook? It sells "connectivity" – but really, that's a fairly ubiquitous thing in this era of technology togetherness.
One can connect in many ways.
Thus, Facebook's barrier to entry is exquisitely thin. It can be undone at any time. Anyway, connectivity doesn't seem to us to be a very good business model. A business model, after all, involves money – invoices and payments.
What exactly is the bottom line for Facebook? As we tried to point out previously, the viewers themselves are not easily monetized. Many of Facebook's users may have double or triple accounts. Many may not use the system very often.
GM just pulled ads. And Mark Zuckerberg just bought a company he deemed a threat to Facebook. He paid US$ 1 billion for it.
Neither of these incidents bode well for Facebook and so we return to our original proposal. Essentially, the company is worth whatever information it can pilfer from its client base. And that information may be worth more to the American intelligence companies that apparently crowd around Facebook than to the private sector itself.
This is a company, then, that is fundamentally at war with its users. It provides the "thinnest" of services – social connectivity.
Go online and it is hard to find a kind word for Facebook. Feedback to articles (not the articles themselves) is crammed with comments on Facebook's various problems from a business standpoint.
Many deplore Facebook's lack of real privacy and manipulation of data and are skeptical about the company's prospects going forward. We share the same sentiments.
We cannot account for the US$ 104 billion that the company is putatively worth now. Google, with ten times the earnings, is worth the same amount, capitalization-wise.
Here's an interesting comment from Keith Hunt, managing partner of Results International, in an article at The Drum about the Facebook valuation:
For something to be worth over $100bn and still be in a reasonably early stage in its development, you'd want to be confident that there's some massive growth opportunities. I think the opportunity for it to grow at $150bn or $200bn is seriously limited.
Personally I think there's a real danger that Facebook is starting to peak. Its most recent quarterly revenues were down on the previous period. There's also various comments around about how the revenue comes from advertising but the advertising doesn't really work when Facebook is used in mobile devices, which is increasingly where internet usage is coming from.
So if I was investing in it I would wait for it to go up 10 to 20 percent and then take the profit and not hang on for the longer-term.
I think there is a real danger of another bubble around this. Not a dot-com bubble of the nature we saw in 2000-2001, because dot com's here to stay and will continue to grow, but within that companies can get overhyped. For me it was a massive danger signal when they paid a billion dollars for Instagram.
They were a bit too willing to spend $100bn to fix a problem when $100m might've done it. When they see their own business valued at $100bn it's easy to think nothing of spending $1bn on something else.
Good point. The money being tossed around this Facebook deal is phenomenal. Central banks, in fact, have printed so much money over the past four years that some of it has got to go somewhere.
Some of it has gone toward Facebook.
There will be plenty of analysis over why Facebook is worth so much. Few will conclude that the valuation is simply another manifestation of central bank overstimulation of the money supply. But there were several large dotcom deals last year – and now this.
Free-market economists will likely have a different view. This Facebook deal may mark either the beginning or end of another dotcom go-round – yet another speculative bubble brought to you by the good, gray bankers of the Federal Reserve and Bank for International Settlements.