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
Your Future In Eleven Minutes
Kyle Bass: “In the end, the picture is so large, and the leverage in the banking system is so enormous that when you start delivering, there is no way out of this scenario, and that’s what’s happening right now.” CNBC’s David Faber: “It’s a complicated concept…” No, it’s not; it’s a remarkably simple concept: there [...]
Expansion? WHAT EXPANSION?
Bloomberg: Federal Reserve Chairman Ben S. Bernanke signaled he’s concerned Europe’s crisis will hobble a 2 1/2-year U.S. expansion that may need another boost from the central bank. The economy allegedly “grew” at about 2% this fiscal year. In the meantime, the federal government borrowed and spent the equivalent of 13% of GDP. SO if [...]
If You’re Going to Panic, Panic First
…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 [...]
WALL STREET on TRIAL
ANDREW KLAVAN: WALL STREET ON TRIAL From the Manhattan Institute, a 5 min video by Andrew Klavan, City Journal Contributing Editor: …two hearts with but a single thought., a government that will take other people’s money and give it to us. ~as asserted by Edmund Gorge, President, CEO, Consolidated Avarice
Deus Ex Machina: “God From The Machine”
A little background is in order. The phrase harkens back to ancient Greek theater. It seems that “some” Greek writers had a penchant for introducing seemingly intractable problems into the plots of their plays, and then using a machine, such as a crane, to lower one of the Greek gods onto the stage in order [...]
Bob Janjuah On Bloomberg: “No One Believes What The Banks Tell Us”
“The banks,” of course, are the big, international, Congress-owning kind. Ten Minutes. A few highlights: “We criticized Japan for keeping alive zombie banks. We’re pretty much doing the same in the West.” “There’s a grotesque misallocation of capital going on, away from the parts of the private sector that could use it, into parts, effectively, [...]
Fed Steps Up To “Do Our Part”
From the Federal Reserve’s web site: The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing coordinated actions to enhance their capacity to provide liquidity support to the global financial system. The purpose of these actions is to [...]
Obama: U.S. “Ready To Do Our Part” In Stabilizing Global Economy
Bloomberg: President Barack Obama said resolving the European debt crisis is of “huge importance” to the U.S. and his administration is “ready to do our part” in stabilizing the global economy. Obama said a “large part” of the annual U.S.-European Union summit was spent on the impact of the crisis in the euro- zone. He [...]
