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Latest Articles: Economy
U.S. Treasury Bond Teetering Tower Of Babel, Fed Stuck At 0% Forever [EXCELLENT ANALYSIS!]
Post Date: 2012-05-24 20:34:04 by Capitalist Eric
2 Comments
The recent losses from JPMorgan have proved to be much more based upon suspending gravity with 0% official rates in the Delta-Hedging complex game tied to the vast over-burdened Interest Rate Swap contracts, rather than the European sovereign bonds as first claimed. The Jackass is on record on May 11th, aided by the indefatigable forensic analyst Rob Kirby, in pointing to Interest Rate Swap stresses from the sudden March and April movement in the 10-year USTreasurys within the strained bloated USGovt sovereign bond market. The IRSwap setbacks were the underlying cause of the JPM losses. The giant bank does not want attention give to this derivative tool which controls the bond market in a ...
Economic Recovery Is an Illusion When Adjusted or Inflation
Post Date: 2012-05-21 17:34:29 by Capitalist Eric
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John Williams, author of the ShadowStats.com newsletter, shines light on his interpretations of the GDP, CPI, unemployment and other government statistics in this exclusive Gold Report interview from the recent Recovery Reality Check conference. Highlights include what the money supply measures tell him and why QE3 will be a hard sell. The Gold Report: John, at the recent Casey Research Recovery Reality Check conference you described the economic recovery heralded by the Obama administration as an illusion based largely on skewed inflation data. Can you walk us through why, based on your calculations, a recovery is impossible? John Williams: We can start with the gross domestic ...
Big Risk: $1.2 Quadrillion Derivatives Market Dwarfs World GDP
Post Date: 2012-05-18 18:54:37 by Capitalist Eric
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One of the biggest risks to the world's financial health is the $1.2 quadrillion derivatives market. It's complex, it's unregulated, and it ought to be of concern to world leaders that its notional value is 20 times the size of the world economy. But traders rule the roost -- and as much as risk managers and regulators might want to limit that risk, they lack the power or knowledge to do so. A quadrillion is a big number: 1,000 times a trillion. Yet according to one of the world's leading derivatives experts, Paul Wilmott, who holds a doctorate in applied mathematics from Oxford University (and whose speaking voice sounds eerily like John Lennon's), $1.2 quadrillion is ...
Obama budget defeated 99-0 in Senate [LMFAO!!!]
Post Date: 2012-05-16 18:03:48 by Capitalist Eric
5 Comments
President Obama's budget suffered a second embarrassing defeat Wednesday, when senators voted 99-0 to reject it. Coupled with the House's rejection in March, 414-0, that means Mr. Obama's budget has failed to win a single vote in support this year. Republicans forced the vote by offering the president's plan on the Senate floor. Democrats disputed that it was actually the president's plan, arguing that the slim amendment didn't actually match Mr. Obama's budget document, which ran thousands of pages. But Republicans said they used all of the president's numbers in the proposal, so it faithfully represented his plan. Sen. Jeff Sessions, Alabama Republican, ...
The Coming Generational Storm, Living Beyond Our Children's Means and Doing Ponzi Proud
Post Date: 2012-05-16 17:38:52 by Capitalist Eric
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There are plenty of books about the entitlement disaster in our future, but few come with the backing of an academic press. The Clash of Generations is an exception. Written by economist Larry Kotlikoff, one of the creators of generational accounting, and my good friend of long standing, Scott Burns, Clash shows what current policies have already done to young people, tells stories about how both parties have allowed it to happen, and offers actual policy solutions– for banking, taxes, healthcare, and Social Security. But it's way more than a "policy book." It also tells us what we can do to protect ourselves if the politicians fail. Nobel Laureate George Akerlof ...
Capitalism Is The Crisis
Post Date: 2012-05-14 20:55:10 by whyofcourse
2 Comments
Capitalism Is The Crisis
Details of the $291 TRILLION In Derivatives To Which American Taxpayers Are Exposed
Post Date: 2012-05-14 19:56:20 by Capitalist Eric
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This article was called to my attention by the legendary CIGA Green Hornet. It is simply too good, too correct and too educational not to be published. For those with the attention span larger than gold fish, this must be read and understood. Today’s JSMineset is big but there is a great deal to say. You might consider printing it out, and taking it in smaller doses. Click Here To View The Original Article On Seeking Alpha… Details Of The $291 Trillion In Derivatives To Which American Taxpayers Are Exposed April 17, 2012 | The entire US GDP is less than $15 trillion each year. The gross notional amount of derivatives issued in the USA is more than $291 trillion. Does that sound ...
25 Horrible Statistics About The U.S. Economy That Barack Obama Does Not Want You To Know
Post Date: 2012-05-14 10:29:05 by We The People
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The human capacity for self-delusion truly is remarkable. Most people out there end up believing exactly what they want to believe even when the truth is staring them right in the face. Take the U.S. economy for example. Barack Obama wants to believe that his policies have worked and that the U.S. economy is improving. So that is what he is telling the American people. The mainstream media wants to believe that Barack Obama is a good president and that his policies make sense and so they are reporting that we are experiencing an economic recovery. A very large segment of the U.S. population still fully supports Barack Obama and they want to believe that ...
THRIVE: What On Earth Will It Take?
Post Date: 2012-05-13 16:37:03 by whyofcourse
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Published on Apr 5, 2012 by ThriveMovement Own THRIVE on DVD with bonus features: http://www.thrivemovement.com/store If you value what is presented in this movie, please go to http://thrivemovement.com/ where you can support Thrive Movement by making a donation. You will also find more in-depth information on each of the subjects discussed in the movie, learn about Critical Mass initiatives supported by Thrive, and connect with others who are waking up and taking action. Film Synopsis: THRIVE is an unconventional documentary that lifts the veil on what's REALLY going on in our world by following the money upstream -- uncovering the global consolidation of power in nearly every aspect ...
Global Debt Crisis, There Is Not Enough Money On Planet Earth
Post Date: 2012-05-11 16:35:30 by Capitalist Eric
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No matter how you look at it, as The Automatic Earth and others have pointed out ad infinitum, in the end the US economy rests on two pillars: Jobs and Housing. They are where both all the good and bad in economic terms begin and end. Ben Bernanke and his Fed policies are majestically failing on both counts. That is the reality that is shaping America's reality today. Anything else is just a sideshow. Discard all the hubris on recovery, on falling unemployment; all that is but a mirage the political/industrial/financial/media conglomerate wishes you to see and believe in, so you won't pay attention to what truly goes on. Which is that Fed and Treasury policies were never designed to ...
Economic Alert: If You’re Not Worried Yet…You Should Be
Post Date: 2012-05-08 11:35:51 by SJN
3 Comments
For the past four years I have been covering the progression of the global economic crisis with an emphasis on the debilitating effects it has had on the American financial system. Only once before have I ever issued an economic alert, and this was at the onset of the very first credit downgrade in U.S. history by S&P. I do not take the word “alert” lightly. Since 2008 we have seen a cycle of events that have severely weakened our country’s foundation, but each event has then been followed by a lull, sometimes 4 to 6 months at a stretch, which seems to disarm the public, drawing them back into apathy and complacency. The calm moments before each passing storm give ...
The Treasury Bubble in One Graph
Post Date: 2012-05-07 18:47:37 by Capitalist Eric
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In another sign of fear of a financial economic collapse asset managers are pouring money into US Treasuries even though the investment is GUARANTEED to lose value. Editor’s Note: The Fed’s strategy to force people out of the safety of investing US treasuries or saving cash and into the rigged stock markets has been to make it so investing in Treasuries will actually lose money due to inflation yet investors are still investing trillions even though their will be a negative return on their investment. Submiited by John Aziz of Azizonomics, What are the classic signs of an asset bubble? People piling into an asset class to such an extent that it becomes unprofitable to do so. ...
Unemployment Rate Drops to 8.1%; Is Anyone Buying It?
Post Date: 2012-05-04 12:46:07 by Capitalist Eric
1 Comments
There were 115,000 jobs created in April. I did not say, “Jobs created in the US” because six months from now we will find out that 60% of those jobs were created in other countries. Last year at this time, the so called economic experts said we would need 350,000 jobs per month, just to keep pace with our young people entering the workforce for the first time. Now today, I heard one of these experts on Bloomberg say, 115,000 jobs is sufficient to keep pace with the new entries. Last month a report came out that said half of our young people graduating college cannot find employment. So it would seem that now only half of these unemployed Americans are being counted in the ...
There Are 100 Million Working Age Americans That Do Not Have Jobs [And We Have NOT Seen the Worst...]
Post Date: 2012-05-03 19:24:48 by Capitalist Eric
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The unemployment crisis in America is much worse than you are being told. Did you know that there are 100 million working age Americans that do not get up in the morning and go to work? No wonder why it seems like there are so many people that do not have jobs! According to the federal government, there are 12.6 million working age Americans that are considered to be "officially" unemployed, but there are another 87.8 million working age Americans that are not working either. The federal government considers those Americans to be "not in the labor force" so they are not included in the unemployment rate. In fact, this is one of the key ways that the government ...
The 86 million invisible unemployed [CNN Accidentally Sinks "Brian S" Propaganda]
Post Date: 2012-05-03 19:03:23 by Capitalist Eric
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NEW YORK (CNNMoney) -- There are far more jobless people in the United States than you might think. While it's true that the unemployment rate is falling, that doesn't include the millions of nonworking adults who aren't even looking for a job anymore. And hiring isn't strong enough to keep up with population growth. As a result, the labor force is now at its smallest size since the 1980s when compared to the broader working age population. "We've been getting some job growth and it's been significant, but it hasn't yet been strong enough that you start to get people re-engaging in the labor market," said Keith Hall, a senior research fellow at the ...
“The Mother of All Financial Bubbles Is Just Now Starting to Pop..
Post Date: 2012-05-02 21:13:25 by whyofcourse
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“The Mother of All Financial BubblesIs Just Now Starting to Pop...” -- Addison WigginThree time NYT bestselling authorand co-founder of dailyreckoning.com var so = new SWFObject('http://agorafinancial.com/reports/vancouver/2010/vp/player-licensed.swf','mpl','640','360','9'); so.addParam('allowfullscreen','false'); so.addParam('allowscriptaccess','always'); so.addParam('wmode','opaque'); so.addVariable('file','http://agorafinancial.bc.cdn.bitgravity.com/AWN/AWN_MarketBubble_101311B.mp4'); ...
95 Percent Of The Jobs Lost During The Recession Were Middle Class Jobs
Post Date: 2012-05-02 09:29:01 by Hondo68
3 Comments
Who is the biggest loser in the ongoing decline of the U.S. economy? Is it the wealthy? No, the stock market has been soaring lately and their incomes are actually going up. Is it the poor? Well, the poor are definitely hurting very badly, but when you don't have much to begin with you don't have much to lose. Unfortunately, it is the middle class that has lost the most during this economic downturn. According to Bloomberg, 95 percent of the jobs lost during the recession were middle class jobs. That is an absolutely astounding figure. Yes, some executives lost their jobs during the last recession as did some minimum-wage workers. But overwhelmingly the jobs that were lost were ...
Financial Tsunami Alert: Send in the Bond Squad
Post Date: 2012-04-27 13:45:51 by Capitalist Eric
7 Comments
An underwater earthquake has occurred in Spain and is quite possibly occurring now in Italy. Killer waves are now headed directly at the central banks and financial systems throughout the developed world and at Europe in Particular. How long until they hit and do the financial equivalent of Japan's recent tsunami? Socialist bureaucrats and progressives on both sides of the Atlantic are locked in death struggles with Mother Nature. THEY WILL LOSE.
Socialist public servants and banksters in Brussels and Washington are DESPERATELY trying to repeal the law of nature: You MUST produce more than you consume or PERISH. Economic systems which are predicated upon the consumption of wealth rather ...
Thirteen Years Later
Post Date: 2012-04-27 12:16:14 by SJN
1 Comments
There have been many grand experiments in social engineering during the past several centuries. We have witnessed the American Revolution, the French Revolution, the American Civil War, Communism and finally 1999 and the founding of the European Union. It is an interesting exercise to consider the long view as I have wondered what the world looked like in 1789 which was thirteen years after the commencement of the American experiment. It is also interesting to note, when comparing the two restructurings of society, that the new construct in the United States was founded upon assuming our own destiny and throwing off the yoke of the British Empire which was a common bond for the individual ...
H.L. MENCKEN WAS RIGHT
Post Date: 2012-04-27 00:15:21 by Hondo68
2 Comments
“I believe that it is better to tell the truth than a lie. I believe it is better to be free than to be a slave. And I believe it is better to know than to be ignorant.” - H.L. Mencken H.L. Mencken was a renowned newspaper columnist for the Baltimore Sun from 1906 until 1948. His biting sarcasm seems to fit perfectly in today’s world. His acerbic satirical writings on government, democracy, politicians and the ignorant masses are as true today as they were then. I believe the reason his words hit home is because he was writing during the last Unraveling and Crisis periods in America. The similarities cannot be denied. There are no journalists of his stature working in the ...
Mankiw’s Ode to the Governmental Competition that Made Romney Wealthy
Post Date: 2012-04-26 10:13:25 by lucysmom
1 Comments
This is the second part of my discussion of N. Gregory Mankiw’s column asserting that governmental competition is desirable for the same reason that private competition is. Mankiw was Chairman of President Bush’s Council of Economic Advisors from 2003-2005. He was one of the principal architects of the perverse incentive structures that proved so criminogenic and drove the ongoing financial crisis. He gave no useful warnings of the necessity for containing the developing crisis – even after the FBI’s September 2004 warning that mortgage fraud was become “epidemic” and would cause a financial “crisis” if it were not contained. He is now Mitt ...
HURT: In this economy, U.S. needs border fence — to keep Mexicans in [Illegal Aliens Fleeing oBungler Economy]
Post Date: 2012-04-25 14:23:29 by Capitalist Eric
5 Comments
Well, that’s one way to stem the tide of illegal aliens streaming across the border from Mexico. Jack up unemployment rates to near double digits, dunk America into a double-dip recession and put us so deeply into hock with the Chinese communists that it will take generations for us to recover. After long enough, living and working and trying to eke out bare survival in America becomes even worse than trying to get by in Mexico. A new study from the highly esteemed Pew Hispanic Center says the millions of Mexicans who risked their lives crossing the desert to get here to the promised land for a better life have given up on the U.S. This is no small feat. Have you ever been to ...
News From George Soros' Berlin Conference - Economists Discover Human Beings
Post Date: 2012-04-21 10:05:52 by lucysmom
1 Comments
Economists are peculiar creatures. Last week a large posse of them descended on Berlin for the third annual conference of the Institute for New Economic Thinking (INET), a think-tank co-founded by investor and philanthropist George Soros in 2009 in the wake of the global financial crisis. As I roamed through the various sessions and gatherings, pointy-headed folk squinted at me and rattled off facts and figures that gave them the sort of thrill I get from seeing spring flowers in bloom. The field of economics is known for attracting Asperger’s-spectrum wonks better at formulating financial models than the flow of human interaction. But if the Berlin forum is any indication, the field ...
Minnesota Taxpayers Stuck Footing The Bill For Wind They Can’t Use or Sell
Post Date: 2012-04-20 19:15:09 by CZ82
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Minnesota Taxpayers Stuck Footing The Bill For Wind They Can’t Use or Sell Posted on April 19, 2012 at 4:08pm by Becket Adams Taxpayers in Minnesota ended up paying $70 million more than they needed to for electricity in 2011 because of “green” energy mandates, according to the Minnesota Rural Electric Association (MREA). “Taxpayers already pay a high price to subsidize wind energy through billions in federal grants, loan guarantees and tax credits that prop up the ‘windustry,’” Tom Steward writes for the Minnesota State News. “Now the bill for state renewable energy mandates is coming due with hundreds of thousands of Minnesota electric co-op ...
Derivatives: The Unregulated Global Casino for Banks [AMAZING INFOGRAPHICS]
Post Date: 2012-04-20 17:34:58 by Capitalist Eric
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Banks make massive profits on derivatives, and when the bubble bursts chances are the tax payer will end up with the bill. LONG STORY: A derivative is a legal bet (contract) that derives its value from another asset, such as the future or current value of oil, government bonds or anything else. Ex- A derivative buys you the option (but not obligation) to buy oil in 6 months for today's price/any agreed price, hoping that oil will cost more in future. (I'll bet you it'll cost more in 6 months). Derivative can also be used as insurance, betting that a loan will or won't default before a given date. So its a big betting system, like a Casino, but instead of betting on cards ...
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