Economy, spending, and debt
Kudos to these Senators for finding a way to preserve hard-earned taxpayer money: "U.S. Senators Jim DeMint (R-South Carolina), Orrin Hatch (R-Utah), David Vitter (R-Louisiana) and John Cornyn (R-Texas) today offered an amendment to the Economic Development Revitalization Act to roll back the International Monetary Fund’s (IMF) ability to use $108 billion in taxpayer dollars [...]
"...even if it's just the viewers of your network." http://www.youtube.com/watch?v=Wgfcl5arHPQ&feature=player_embedded#at=32
A hard-hitting video highlighting the harsh reality of where the economy stands one year after "recovery summer" was claimed as a victory. From American Crossroads.
The principle purpose of banking is asset-stripping. What is asset-stripping? The best way to understand it is this: financial terrorism. It's really very simple, very insidious, very effective, and it wears a suit. First, it's important to understand the main operational aspect of banking: counterfeiting. Ooops, did I say counterfeiting? I mean "Fractional Reserve Banking." [...]
An excerpt from my latest post on redstatevirginia.com: We heard all kinds of doomsday prophesies from the Washington Spenders about how the world would literally end if America didn’t raise its debt ceiling in time. Yet when we reached it, all Treasury Secretary Geithner had to do was move some funds around to keep us [...]
"Can We Please Stop Pretending the GDP Is Growing"? Through the miracle of simple arithmetic, Charles Hugh Smith is able to bring you this analysis of federal spending and the American GDP that I guarantee you won't see in any Federal Reserve publication or on any business or national news program: The Federal government borrowed [...]
And they're taking it from us, bit by bit. But who are "they"? Often I am asked whether I think the economic and political destruction of this thing we call "America" is merely a consequence of various unrelated actions, or if I think it is a course of deliberate actions set upon by people who [...]
Thirteen minutes; this is the second half of an interview with Max Keiser. Please watch and understand. http://www.youtube.com/watch?v=sX7M3w02Bfw&feature=player_embedded#at=751
This is not investment advice. I am not an investment professional, and you should seek professional advice before making any investments. Bloomberg: Gold imports by China may increase after investment demand more than doubled in the first quarter, with the country overtaking India to become the largest market for gold coins and bars, the World [...]
You might not know about this: GM sponsors and celebrates soon to be released Chi-Com propaganda film In late 2010, General Motors agreed to sponsor a propaganda film celebrating the 90th anniversary of the Chinese Communist Party (CCP). The CCP made film titled (translated to English) “The Birth of a Party” or “The Great Achievement [...]
Philadelphia Fed Business Outlook: See that dip and then up-spike in late 2010? The up-spike was the start of QE2. The markets are now pricing in the scheduled end of QE2 next month. Would anyone care to guess what happens next? What happens when the irresistable force meets the immovable object? Peter Schiff has some [...]
Those of us who believe that the government was mostly to blame for the 2008 financial crisis and its continuing effects have been reinforced by revelations from Peter J. Wallison, one of the 10 members of the Financial Crisis Inquiry Commission appointed by Congress to investigate the causes of the crisis and a fellow in [...]
