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 ›
National Debt
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 ›
Kleptocracy a.k.a. The United States Federal Government
I couldn’t resist posting this parody of the popular family board game Monopoly that was forwarded to me by one of my friends…let’s call him Clark Kent (which he is often mistaken for). The definition for Kleptocracy: Alternatively cleptocracy or… Read More ›
Senator Obama opposed raising debt ceiling in 2006. President Obama supports raising debt ceiling in 2011. Did I just define the word, “Politician?”
In Obama’s speech yesterday, he railed against Republicans for blocking efforts to raise the debt ceiling, while using scare tactics to get the American people to accept the idea. But four years ago as Obama the Senator, he opposed raising… Read More ›
U.S. Post Office Requires $238 Billion Taxpayer Bailout – Postal Worker Labor Union Will Not Permit Saturday Cutback – You Must Pay More Instead
The U.S. Post Service just announced they can no longer afford to pay into their employee pension plans because they are out of money. They are currently running a $238 billion deficit over the next decade, with an $8.5 billion… 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 ›
MY (housing) prediction was true (unlike the “Rapture” guy)….
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 ›
Congress has raised the debt ceiling 74 times in 49 years. In politico-speak, “ceiling” must mean….what exactly?
It is for that reason I am 100% confident that Congress will do the wrong thing and raise the debt ceiling for the 75th time in 50 years. In the end there will be some kind of phony compromise with… Read More ›
A Nation of Takers – Paying People to Avoid Working – Producers On The Decline, Parasites On The Rise
“We face two dangers,” warns Rep. Paul Ryan (D, WI) in his budget proposal, “long-term economic decline as the number of makers diminishes and the number of takers grows and, worse, gradual moral-political decline as dependency and passivity weaken the… Read More ›
Why your taxes just went up and a Subway turkey sandwich costs 79% 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 ›
Hitler is informed that Peter Schiff was right
This video was too funny not to post. A little background. This is a scene, I believe, from a movie about WWII. Obviously what the actors are saying is not really what the subtitles along the bottom are saying. But… Read More ›
Remember TARP? The Bank Bailouts? A European Bank Received $31 Billion Of That Bailout Money
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 ›
One Year’s Worth. Is how long the Government could pay all its debt if we took every single penny from the wealthy.
If we agree to destroy all the producers, and take all of their income, all of their assets and wipe out the wealthy class in its entirety we could pay off just one year of what our government spends. ONE…. Read More ›
April 2011 – My Update on our Current Economic Condition – We’re In Trouble
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 ›
A 9 Minute & 50 Second Video Explains The End Of The United States
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 ›
Obama & Bush Stimulus “Destroyed or Lost” Not “Created or Saved” More Than 3 Million Jobs
First there was Bush, running out there in front on his way out shoving a stimulus bill down on us. Then came Obama for more of the same. Do you remember when Obama tried to sell us on the stimulus… Read More ›
$352M in Spending Cuts Equal to 51 Minutes of Government Spending
I remember falling out of my chair laughing when Obama made a big deal about his request to reduce spending by $100M in April of 2009. That number was so ridiculously low, it was insulting to my intelligence, and yours…. Read More ›
$61B – Less than 4% of what we owe and the Politicians can’t even agree to cut that much.
And this video leaves out the $14.1 Trillion in the national debt.
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