There are a lot of crazy people in the OWS movement, but there are some exceptionally bright stars among them. I believe OWS is a movement mostly made up of confused individuals, who do not know where that which pains… Read More ›
What is the recipe for an Angry Mob like the one in Wall Street? Mix three parts fear with two parts ignorance with one part time spent under the burden of debt, unemployment and no future.
Do you see what is happening on Wall Street? Most of those protestors have the wrong idea. Some are correctly blaming The Fed, Big Government and crony capitalism. The rest are coming out of left field. The left fielders are… Read More ›
Microsoft, Exxon Mobil & ADP now have a better credit rating, and Apple has more cash and securities, than the United States of America.
On paper, these companies do have a better credit rating. The reality is much different. When a country has its credit rating downgraded, all businesses in that country also have their credit rating downgraded by default. Why? S&P, by lowering… Read More ›
Economic Update – Government spends $13T to save $2T while food at your grocery store is getting smaller & recession moves back in like a bad roomate who wants to borrow your deodorant…
As I stated in my post on June 19th, a little over six weeks ago, “…the next Great Recession locomotive that is picking up speed would never have existed, but because of The Fed, it’s on its way, running full… Read More ›
Bernanke says “gold is not money” and anyone buying gold is doing so, “for tradition.” This moron runs our economy.
Bernanke is either exceptionally clever and a phenomenal liar or he is the most irresponsible unintelligent man of significant power in our country. In this question session between Bernanke and Ron Paul a couple of days ago, Bernanke admits his… Read More ›
Your taxes went up 11.4%, American towns begin printing their own money, rumbles of the next recession mount.
Dozens of towns have begun printing their own currency. A dozen states are considering coining their own silver and gold backed currency. You can read more about that by clicking here (since that article, Utah has made significant steps in… Read More ›
Back in late 2009, I did a post on what I felt was a bull trap in the housing market and advised buyers to wait until the bull trap had completed its cycle and look for the arrival of the… Read More ›
I saw this piece in Fortune magazine last week and thought the image captured the dangers of government-driven inflation perfectly. The sandwich pictured below in this month’s Fortune magazine is not getting more expensive because of supply and demand, it… Read More ›
We got screwed. Then we got lied to. It took a lawsuit all the way to the United States Supreme Court to force The Fed to admit where the money went. Of $111B, Dexia Bank received $31.5B. Where is Dexia?… Read More ›
Welcome to stagflation. No growth, an economy with no pulse, and rising prices. Hyperinflation is coming next. First, here are some current economic indicators that impact us all… GDP forecasts for Q1, 2011 are calling for less than 2%, as… Read More ›
The first video is an educational 9′ 50″ video on how The Fed is creating the inflation that is raising gas prices, food prices and will ultimately lead to the demise of the dollar. The second video is a fictional… Read More ›
2011 Economic Report: $5 gas, no jobs, no growth, more recession, falling home prices…and now, brace yourself for runaway inflation.
Sorry for the long post but I can’t explain it any shorter and I don’t want to break it into pieces…that said, this is important. It is the canary in the coal mine. On The Peter Schiff Show last week,… Read More ›