Proving once again that investing in fixed-yield bonds when the foul, filthy Federal Reserve is creating so much money (so that their governments can deficit-spend it!) is a stupid, stupid, stupid idea because inflation will result, Agora Financials 5-Minute Forecast newsletter reports that Already since October, the rate on the 10-year has jumped from 2.4% to 3.6% a 50% increase. Yikes!
[Read more...]Digesting the Importance of Chinese Gold Investing
August 11, 2010 By Leave a Comment
Naturally, I started having pleasant daydreams about being rich, rich, rich after the Chinese government surprised me by announcing that it would finance the buying of foreign gold mines, and ordered their banks to set up big distributed systems for buying and selling gold at the retail and whole levels and all kinds of stuff like that. Wow!
[Read more...]Government Employees: The Last Great Consumer Base
August 4, 2010 By Leave a Comment
Things in the economy are getting more and more stressful, and the company's revenues are down, precipitating the rumor around here that there are going to be more cuts in staff, and the odds are pretty good that I will be one of those unceremoniously fired since, ever since they fired Carl, I am now the company's worst employee.
[Read more...]Fed Credit, Inflation and the Idiots in the Middle
June 25, 2010 By Leave a Comment
A whole series of alarms occurred after I got the news, although I lost the source, that “food stamp usage just soared to a new record high? of 40.2 million persons.
This number is alarming in itself because it means that the economy is so bad that more and more hungry people cannot afford to even feed themselves, sort of like teenagers, but with hopefully better manners and dietary choices.
[Read more...]Food Price Inflation to Spur Zombie Takeover
May 17, 2010 By Leave a Comment
A recent email blared, The National Inflation Association says there is reason for grave concern, to which I thought to myself, Well, welcome to my world, chumps, because all I do is bewail the horrors of the coming inflation in prices that will follow such huge inflations in the money supply!
[Read more...]Borrow and Spend Economics to Pay for Borrowing and Spending
March 4, 2010 By Leave a Comment
Okay, I will admit that we had a little accidental gunfire around here recently, but nobody was hurt, and all that really happened is that I wasted a lot of very expensive ammunition and scared the hell out of a lot of people, including myself, a commotion which instantly activated my Amazing Mogambo Reflexes (AMR), making me drop the delicious Hostess Cupcake that I was noisily eating and take cover on the floor, falling, as I did, on top of the aforesaid cupcake, smashing it all over myself, and all over the floor, which made it taste terrible after that.
[Read more...]The Obama Budget and the Horse You Rode In On
February 4, 2010 By Leave a Comment
From the AP I read the astonishing item that In a face-to-face encounter, President Barack Obama chastised Republican lawmakers Friday for opposing him on health care, economic stimulus and other major issues. Hahahaha! This is too rich! Hahaha!
Composing myself for just a moment and taking a quick look to see if my zipper is up, I stand up and say, Let me be the first to tell that arrogant commie bastard that Republican lawmakers are not the only ones opposing his arrogant, insane fiscal monstrosities, and I will be the first to say that I have nothing but Utter Mogambo Contempt (UMC) for anyone who is NOT opposed to such lunacies that are, already, budgeted to spend $3.8 trillion in the fiscal year when the Whole Freaking Economy (WFE) is only $14 trillion, and out of that, the Congressional monsters plan to deficit-spend $1.6 trillion in the year, which is So Much Money (SMM) that if your brain has not exploded at the sheer inflationary horror of increasing the money supply by $1.6 trillion in one year, then say goodbye to the last of your brain cells when I tell you that this whopping, gargantuan, insane $1.6 trillion of deficit spending is only the beginning!
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No Writing Down the Taxpayer’s Role in the Mortgage Crisis
Whenever I am confronted with some new monetary or fiscal outrage, I go through the 5 Stages of Shock, namely starting with Denial (“Nobody is that stupid!”)
Then I quickly move to the Anger (“Those bastards!”) stage, followed by Fear (“We’re Freaking Doomed”) and Bargaining (“I’ll use my votes for the persons who are as against this outrage as I am, and who campaign on a platform of tracking down the banker and neo-Keynesian economist trash that did this to us, and put them in jail so that I won’t have to personally get up off my fat, lazy butt to rise up and lead a popular rebellion to abolish the Federal Reserve, put the United States back on a gold standard and re-establish the Glass-Steagel separation of banking from investing”).
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