Global Market Commentary, Analysis and Investments
If you are like me, then you don’t quite understand what the hell is going on with this economic stuff, but you are pretty sure that it starts with the foul Federal Reserve creating so much excess money and that a lot of people ought to be in prison Right Freaking Now (RFN).
Knowing that, you then think to yourself that your Whole Freaking Life (WFL) is one long, dreary testament to the fact that all great mistakes start with having the money to finance them.
[Read more...]According to the financial commentary of the moment, Federal Reserve Chairman, Ben Bernanke is either a genius or a moron. But your California editor would offer a slightly different perspective; he believes Bernanke to be a genius…engaged in moronic behavior.
He is “too clever by half,� as the old saying goes.
[Read more...]I was delighted by the humor of Su Wei, a Chinese climate-change negotiator at the international climate change conference, calling the United States “a pig preening before a mirror.� Hahaha! It’s funny because it’s true! Hahaha!
Of course, he meant in the context of carbon emissions and all of that “green� stuff, but it perfectly describes the fiscal policies of the Obama administration, too, but not our monetary policies.
[Read more...]As you remember, dear reader, we decided to hoist our old, tattered “Crash Alert� flag up last week. About mid-week, as we recall.
Not that we had any inside information. Mr. Market doesn’t talk to us directly. We just read the papers – just like everyone else.
[Read more...]The Dow went up 10 points yesterday. Gold went down $10.
Noise. Forget about it.
But wait…maybe this noise is whispering to us. “Watch out!â€� it seems to say.
Surveys show investor sentiment more bullish than it has been at any time since ’06/’07 – that is, since the peak of the bubble years.
[Read more...]The latest news to depress me is that incomes were reported down 0.1%, and the latest news about spending is that spending is up 0.2%.
The reason that it was extraordinarily depressing for me is that I was trying, in vain, to explain to the drooling half-witted pinhead idiot seated next to me at the bar that I think that “spending� is actually waaAAAaaay down, because, while total spending is up, it is mostly because prices have risen so much that people buy fewer things overall, but pay more per item that they do still buy, which they do because of the rapid decline of their standards of living caused by the loss of buying power of the dollar as a result of the Federal Reserve creating so many more of them.
[Read more...]When it comes time to put the current crop of economic blowhards and lunatics on trial for the disaster their insanely-bad advice caused, this quote from Frederic Mishkin, former Fed governor and who is directly responsible for the mess we are in, may come in handy.
He says, in The Financial Times newspaper, that there is a lot of talk going around that “a numerical inflation target is under consideration inside America’s central bank. And if there ever was a time to establish such a transparent and credible commitment to a specific target, it is now.� Gaaahhhhh!
[Read more...]Japan has taken an interesting approach to preventing people from accumulating so much debt that they default; The Wall Street Journal reports that Japan has a new law “restricting total loans from all lenders to one-third of a borrower’s income.� Hmmm! Criminal penalties for accumulating too much debt? Wow!
[Read more...]From Fed Chairman Ben Bernanke’s remarks to the Economic Symposium in Jackson Hole, Wyoming:
Notwithstanding some important steps forward, however, as we return once again to Jackson Hole I think we would all agree that, for much of the world, the task of economic recovery and repair remains far from complete… Central bankers alone cannot solve the world’s economic problems.
[Read more...]Copyright © 2009 - Present · All Rights Reserved · Gold Stocks Today · Contact Us
A Three-Minute Lesson in Gold Investing
TheEconomicCollapseBlog.com had an article titled “10 Things That Would Be Different If the Federal Reserve Had Never Been Created.�
This is like my list of “10 Things That Would Be Different If I Was Rich� instead of being a weird little penniless paranoid recluse whose expensive family and expensive greens fees cruelly devour all my income, preventing me from buying lots and lots of gold, silver and oil as vital protection against the catastrophic inflation that will afflict us, thanks to the horrid Federal Reserve creating excessive amounts of money.
[Read more...]
Spread the Word!