Economy, spending, and debt
Everyone has an agenda, me included. Look for them. They're embedded in everything you see, hear, and read. You...YOU...have to be informed and stay informed. Take nothing at face value. You...YOU...have to be ready. Remember this guy? http://www.youtube.com/watch?v=VjMTNPXYu-Y&feature=related It's not just Rahm who thinks that. All of the power players think the same thing: "How [...]
Irresistible force, let me introduce you to immovable object? Economy in Congress’s Hands As Fed Runs Out of Bullets Ben Bernanke took a lot of flack from politicians ahead of the central bank’s statement on Wednesday. But now after the Federal Reserve chairman downgraded the economic outlook and initiated a Treasury-buying program in an attempt [...]
"William Black: Why Nobody Went to Jail During the Credit Crisis" Did you buy a house during the boom? Do you wanna know why you paid too much? Professor William Black recently did an interview with Jim Puplava of the Financial Sense Newshour. Follow the link above and listen to the interview (Once on the [...]
Jamie Radtke’s statement regarding President Obama’s “jobs speech” President Obama’s speech proves one fact: He doesn’t understand how to get government out of the way of job creators. So he’s trying the same old approach that he already tried and that already failed and is just putting a new spin on it. He’s chasing the [...]
Precious metals "bugs" have long predicted that the final phase of the hyperinflationary depression would be a "race to the bottom." This race is a currency race, or more correctly a war, where each nation tries to boost its domestic industries by making its exports cheaper. How does it do that? By shamelessly and radically [...]
The August employment report, ZERO new jobs, was a wake up call. What's going on? The mainstream press has gone to great lengths to convince us that the wise economists in their lofty heights of academia have broken economics down to a science. They'd like us to believe the economy is like some purposely-built machine [...]
Even the Canadians understand that you can't extract money out of the US economy from one entity and give it to another, and then expect jobs/economic growth...its a net zero. This is really, really basic math.
I'm sick of all the failed interventions, regulations, stimulus plans, bailouts, off-balance sheet hidden losses, Too-Big-To-Fails, politically-chosen winners and losers, save-me-from-myself Nanny State crapola. Whatever else it is, you can rest assured Obama's coming "jobs" program will be some FDR-like nightmare of make-work unproductive government jobs, with "employees" paid with borrowed Chinese money and/or newly-clicked [...]
Presented without additional comment: the price of an average U.S. house, priced in ounces of gold. The chart is from a May 2009 article. As of today, the ratio is down to 95.
Hey, all you radical terrorist Tea Party fiscal budget-balancers! Here's why you're all wrong, and we should immediately borrow $Zillions more from the Chinese and Spend! Spend! Spend! China must punish US for Taiwan arm sales with 'financial weapon' Now is the time for China to use its "financial weapon" to teach the United States [...]
From Bloomberg: S&P Cuts U.S. Rating for First Time on Deficit Reduction Pact The U.S. had its AAA credit rating downgraded for the first time by Standard & Poor’s, which slammed the nation’s political process and said lawmakers failed to cut spending enough to reduce record deficits. “The downgrade reflects our opinion that the fiscal [...]
