Jim Rickards: Inflation On The Way
KingWorldNews audio interview with Jim Rickards: Fed likely to engage in “nominal GDP targeting,” “Ben Bernanke and Tim Geithner are a greater threat to the national security of the United States and the value of the US Dollar than any adversary of the United States.” Eighteen minutes. Click on this link to download and listen.
Financial Oligarch’s Playbook
Step 1: Armageddon! In a speech in Washington Berlin, Treasury Secretary Paulson Lagarde warned that the US world economy was on the brink of tanks in the streets a “defining moment”, adding: It is not about saving any one country or region. It is about saving the world from a downward economic spiral. How is [...]
Strong Dollar Policy
From KingWorldNews: Below are the last day of the year quotes for gold: 2000 — $273.60 2001 — $279.00 2002 — $348.20 2003 — $416.10 2004 — $438.40 2005 — $518.90 2006 — $638.00 2007 — $838.00 2008 — $889.00 2009 — $1096.50 2010 — $1421.40 2011 — $1566.80
A $Trillion And A Half In Deficits, And All I Got Was This Lousy Stock Market
If you watch bubblevision financial news, you might think that the stock market has been great this year. After all, the government deficit-spenders and Federal Reserve money-printers have been very busy trying desperately to prop up their phony baloney managed economy so that we all “keep believing.” On these pages, we have repeatedly and sincerely [...]
Blood from a Stone
The RTD recently ran a series of articles about the status of the state employee pension system in Virginia. I thought the attempts at reassurance were very humorous, right along with the justification for the high salaries. Public employees: Your futures are being stolen by this crisis, just like everyone else’s. There is no future [...]
Goodnight, Irene
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 [...]
Megan Greene: “It’s Very Difficult To Draw A Line Under This Eurozone Crisis”
20 minutes. This is an excellent, mostly plain-language description of the failing paradigm that confronts the EU. If you listen carefully, close your eyes and substitute “the United States” for “the Eurozone,” you will hear a description of exactly what is headed our way. The interviewer, Michael Hewson, at 1:30: “We’ve had numerous EU (for [...]
Third World USA
Click on the Link below if you can stand it. WHEN WILL THE GOVERNMENT STOP ALL THE DEFICITS, LYING, INTERVENTIONS, AND NONSENSE, GET OUT OF THE WAY, AND LET THE ECONOMY ACTUALLY GROW? WHEN? 50 Economic Numbers From 2011 That Are Almost Too Crazy To Believe
