I guess this shouldn’t surprise anyone…
[Read more...]Government Grab Bag: D.C. is Wealthiest City in the Nation
October 19, 2011 By Leave a Comment
Reformed Broker’s True/False on Wall Street After Downgrade
August 8, 2011 By Leave a Comment
After another 630-plus nosedive of a day for the Dow –Â the major market indices’ most negative day since 2008′s financial crisis — it was refreshing to see a dose of levelheadedness over at The Reformed Broker.
[Read more...]Who’s Really More Productive? Ranking the Top-20 US vs European States
June 23, 2011 By Leave a Comment
While famed New York Times columnist and Nobel Prize-winning Keynesian Paul Krugman has written, “Europe is an economic success, and that success shows that social democracy works,” University of Michigan economics professor Mark Perry argues quite a different story.
[Read more...]The War on Terror is Bleeding the US Dry
May 13, 2011 By Leave a Comment
There’s plenty of reason to wish President Barack Obama would take the successful execution his Osama bin Laden targeting as the single win necessary to bring home the legions of US military forces scattered around the globe.
More than ever, the seemingly endless and boundary-less post-Osama War on Terror now appears devoid of concrete objectives. Certainly, Americans generally want US citizens to be safe at home and abroad, but at what cost to the nation?
[Read more...]Currency Manipulators Created $7 Trillion, Causing the Global Economic Bubble
February 13, 2011 By Leave a Comment
The single most important development affecting the global economy over the past decade has been the creation of $7 trillion worth of paper money by central banks in developing countries. This explosion of money creation drove up the price of stocks, bonds and commodities – and drove down yields – all around the planet. It caused the Fed to lose control over interest rates and over the economy. In short, this new money (along with the US trade deficit which played a role in its creation) caused the global economic bubble that imploded in 2008.
[Read more...]How Washington is Far Worse off Than Rome
July 29, 2010 By Leave a Comment
While there have been many comparisons of how the US’ current descent from its solitary superpower status bears an uncanny resemblance to the crumbling Roman Empire, Jim Rickards, in an interview with King World News, explains how the US is actually in a far worse situation.
From Zero Hedge:
[Read more...]Let Them Eat Losses
July 26, 2010 By Leave a Comment
This had nothing to do with the so-called “Trickle Down� theory. This was “Gush Up.� In Bush/Obama economics, the richest and biggest that had lost billions through bad investments, or were in danger of going bust, had to be rescued. If the Über-Rich weren't saved, there would be nothing left to trickle down to the population below. By government decree, those taxpayers who had never felt any trickle to begin with, now had to finance the failed financiers.
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The Chairman of the Federal Reserve is Clueless
When it came to financial failure, there was no one in Washington – or on earth – who had masterminded more disastrous policies or produced more erroneous forecasts than Federal Reserve Chairman Ben Bernanke. Had he been an imperial soothsayer in a medieval court he would have lost his head or, at best, he’d be rotting in a dungeon.
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