In a recent article, I pointed out that the election year cycle "rich-versus-poor" fight is being ramped up by the media in an effort to get people thinking once again in terms of "us-versus-them," "left-versus-right," etc, etc. PIMCO's El-Erian had this to say about income inequality: "The Federal Reserve and other central banks may have [...]
In a prominent article in yesterday's Richmond Times Dispatch (front page, above the fold), the paper reported that gasoline prices could reach $4 per gallon by June. The article went on and on about middle east tensions, "risk premium," "the Iran factor" and so on. Interestingly, the word "demand," as in "gasoline demand," appears only [...]
...as I assured you they would. Just wanted you to know.
From Zerohedge (source: Opensecrets.org): Romney's top campaign contributors: Directly from Opensecrets.org: Ron Paul's top campaign contributors (for some reason I can't copy a similar image to the one above): US Army $24,503 US Air Force $23,335 US Navy $17,432 Mason Capital Management $14,000 Microsoft Corp $13,398 Boeing Co $10,620 Google Inc $10,390 Overland Sheepskin [...]
Bloomberg (props yet again to Zerohedge); China makes a major move clearing the way for dropping the use of USD in international trade: Japan and China will promote direct trading of the yen and yuan without using dollars and will encourage the development of a market for companies involved in the exchanges, the Japanese government [...]
...because, it seems, that your assets may have been pledged multiple times as collateral in a leverage process known as "Re-hypothecation." Absent proof otherwise, this should probably be assumed to include any money you might have in an IRA, any alleged retirement you think your employer owes you, (what do you think the company does [...]
Or does everyone still think there's a solution to this mess? I just think it hasn't gotten painful enough yet. Not that I'm any fan of pain, understand. I think everyone is still way too comfortable with things "the way they are." Why do I say that? Well, nothing's changed, has it? In case you've [...]
Well, things certainly are getting interesting: Federal regulators have discovered that hundreds of millions of dollars in customer money has gone missing from MF Global in recent days, prompting an investigation into the brokerage firm, which is run by Jon S. Corzine, the former New Jersey governor, several people briefed on the matter said on [...]
News is flying by real fast. Grab your hat, it's gonna get windy. The European Central Bank (ECB) is fighting a losing battle. It is easy to tell this is so: they are telling ever-bigger lies about their soon-to-be-really-announced, no-kidding-we-really-have-a-great-plan, bailout program-of-the-hour, ever more frequently. There is no money; the ECB has invented a massively [...]
...and are they using recycled taxpayer money? Is it really this easy to connect the dots? Courtesy of John Lohman, shamelessly ripped from Zerohedge (click on the image for a full size pic): So where did they get the money? Why, maybe from you! Goldman's share of AIG bailout money draws fire Suspicions of potential [...]
I have been and will continue to be critical of the rush to dismiss the OWS protests as entirely silly / unwashed / redistributionist. It is simple to take one sign or one action and use it to dismiss the entire movement as any of the above. Most so-called "conservatives" are rushing to do [...]
Props to WilliamBanzai7 for the pic, shamelessly ripped from Zerohedge.