The numbers on inflation, the real size of the government’s liabilities, and the “efficiency” with which money is funneled out of the back door to special interests; these are all manipulated by a shadowy tribe of vampires. And the hastily concocted “Stimulus Plan” just plays into their hands.
Right now there is only one number in [...]
Investor Peter Schiff again went to battle with a raft of establishment talking heads on CNBC yesterday who attempted to propagandize for the bailout by pushing the idea that it was necessary and inevitable.
Schiff pointed out that the word “stimulus” was a misnomer because the government has proven itself incapable of stimulating the economy and [...]
Now we have instantaneous trading so the drop takes place much faster than the sell orders of the early 30’s.
I mention this because recessions/depressions usually follow a pattern of stock dropping then durable goods manufacturing dropping, then commodities dropping, curtailed spending, finally followed by the last shoe which is unemployment.
Stocks drop more than 20% > [...]
Many aspects of the housing bust were a result the the Federal Reserve manipulating interest rates to absurd lows to allow speculation by those who otherwise would not be able to make foolish purchases (and Note: they are trying to do the same thing again). Government housing policies that forced Banks to make loans to [...]
USA Loses In An Economics War And Is Now A Defeated and Conquered Nation
with a destroyed industrial infrastructure, forced to live on imports and on credit from anyone who will offer it. Here is how it happened:
Americans have been defeated in an economics war with consequences as meaningful and damaging as if having lost a [...]
What do you think will be the near future of employment, economic growth and productivity?
THE APOCALYPSE 2010
Our Government will have total control of our entire financial system and most of America will be indebted to the US Government.
Disaster Capitalism?
Could it be avoided?
If the government would have invested it’s money on the consumer, the producer of [...]
- Crashing prices will help the vast majority of people double, triple, quadruple their standard of living.
- Those who lived above their means by borrowing against assets in the form of mortgages, HELOCs, car loans, leased cars, credit cards, etc, will be knocked down to a much lower standard of living than those who saved [...]
Congress was told that a financial collapse and martial law were a “fait a compli” if they did not pass TARP immediately. We are now 5 weeks out and Treasury only has $60 Billion left of the $350 Billion initial tranche, they will now need to go back to Congress for the second tranche. The [...]
The reason why Reaganomics and capitalism are failing is because we continually bail out companies and banks that make terrible financial decisions. They pay nothing- there is no consequence! They receive a golden parachute for driving the economy into the ground. None of this is true capitalism nor is it Reaganomics. It is a perversion [...]
You see little Johnny, big oil companies have their own oil fields. If the “market price” is higher than what is costs them to use the oil they already own, big oil companies will still charge the higher price to the gas refiners. And since most big oil companies own refining operations and gas stations, [...]
Paul J. Vigna writes:
The U.S. government, despite a massive support operation that’s largely merged the balance sheets of the banking system with the Federal Reserve, lacks the resources to solve the credit crisis, Sempra Metals economist John Kemp writes, as relayed by FT’s Alphaville. “The scale of the rescue operation will strain the Fed’s and [...]
Capitalism is not defined only by competition, it is most TRULY defined as the creation of capital to match the goods and services of the people.
Imagine 100 people; they each require and make a dollar’s worth of good/service/ day, and they all produce and transact every day so that each is well. Then, the [...]
Lehman Only Sold About $5B Assets To Ex-Traders’ Funds -Bloomberg
Last Update: 6/19/2008 8:17:42 AM
DOW JONES NEWSWIRES
Lehman Brothers Holdings (LEH), which dumped $147 billion in assets in its second
quarter to reduce its reliance on borrowed money, only sold about $5 billion
worth to a pair of hedge funds set up by former Lehman traders, Bloomberg News
reported Thursday. [...]
The questions about Lehman Brothers (LEH) won’t go away. The investment bank’s shares rose Monday after Lehman chief Richard Fuld took responsibility for its $2.8 billion second-quarter loss. He stood behind Lehman’s balance sheet marks and reaffirmed that the bank’s so-called deleveraging effort, in which it sold assets to reduce the size of its balance [...]
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