1 year ago this week

This time last year we explained why the IMF ’solution’ to the globe’s economic woes was, well, woeful, and that it amounted to nothing more than the destruction of wealth.  A year on we still believe that the big state hangover will get worse before it gets better in South Africa, and internationally a year later we are still seeing sovereign bear raids, OTC tsunamis, collapsing currencies and soaring gold.

A year ago we gave readers our top 10 steps to economic freedom in Prosperity 101, which featured the freedom to choose our money as the number 1 step toward a brighter economic future.  That of course implies gold or some metallic standard, which clearly George Soros is banking on, talking one way but doing something else.

Also, this time last year the Fed was MOPEing up liquidity with cosmetic rate hikes and not very effective open mouth operations.

So it would appear that once again these stories remain about as relevant now as they were one year ago.