Latest Articles: Economy
Why the US Hispanic conservative movement is surging — even without Trump
BREAKING: Vermont Senator Leahy Taken to the Hospital
Rand Paul speech
The taboo that could break america.
Trump Impeachment DOA in Senate
Seattle Sure Waited a Long Time to Implement This New Policy on Rioting
Warden/Executioner interview-Charlie Jones
He Reveals What 1950s Men Thought & Did
7 Black Americans Express Their Rage In The 1960s
Jackie Kennedy on MLK: 'That man's terrible' - theGrio
World Mourns Nehru
STaTes Eye ... Allowing Concealed Carry of Guns --- WiThouT a PermiT
FEC Filing of the "Patriot Party"
NYC ouT of conTrol ... 12 sub humans beaT man - sTrip him naked - sTeal everyThing --- in broad daylighT on major inTersectTon
It's This Simple: Liz Cheney Must Go
Rand Paul Wipes the floor with pedophile lover George Stephanopoulos
Worst Fishing Day Ever (Winter Fishing) ***Bad Idea***
Pelosi Wanted Machines Guns
They're Coming to America
Alexandria Ocasio-Cortez Skipped Biden's Inauguration...And The Reason Is Beyond Idiotic
Bernie Sanders predicts the Democratic Party could be 'wiped out' in the 2022 midterm elections
Larry King ... Television legend --- dies aT age 87
OuTrage over U.S. flag flown upside down ... aT half sTaff at SouTh Maui posT office --- InauguraTion Day
Biden won’t stop them, and neither will cops, until Portland is burned down
SALUTE THE MARINE!!!!!
Trump's greatest legacy: The GOP now represents America's workers
Joe’s ... firsT 17 AcTs --- Of DesTructTon
google is evil
Now wiTh The UniTed StaTes Taken ouT --- They have a glide paTh To “build iT back beTTer” / “susTainabiliTy” / “social justTce” us --- inTo “The GreaT ReseT
DAY ONE: Beijing Biden Kills Keystone Pipeline and Thousands of Jobs, Rejoins Paris Climate Accord, Removed 1776 Project, Vows to Restart Iran’s Nuclear Program, Fed Mask Mandates
Republicans Block Swift Approval of Biden's DHS Pick
President Donald J. Trump Departure Ceremony
Stop the Steal
Feds ArresT Pennsylvania Woman ... Accused of STealing --- Pelosi’s LapTop
Enter the Dumbest Administration on Earth
How Joe Biden Will Open The Floodgates To Transgendering Public Schools
CNN Pushes to Close Down Newsmax TV
tax and regulate
Supreme CourT Deals DemocraTs A Major DefeaT In Texas ... They JusT Ruled ---To RejecT Universal Mail-In BalloTing
EYEWITNESS' ACCOUNT DC
Biden’s party seeks to divide and destroy, not unite and heal
“If You Need All This To Protect Your Inauguration from the People, Maybe the F-ing People Didn’t F-ing Elect You!” – DC Worker Shows Video of Military Checkpoints in City (VIDEO)
How Soon Will the Social Security Trust Fund Be Depleted and How Should People Protect Their Retirement Income?
With These Figures, It's No Shock Why Republicans Got Swept by Democrats in Georgia
Domestic Terrorist?" - Leftist BLM Activist Who Stormed Capitol On Jan. 6 Arrested, Charged - John Earle Sullivan
The Republican Party Killed Itself
Australia to kill pigeon that crossed Pacific from Oregon
H.L. MENCKEN WAS RIGHT
Post Date: 2012-04-27 00:15:21 by Hondo68
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 todays 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
This is the second part of my discussion of N. Gregory Mankiws column asserting that governmental competition is desirable for the same reason that private competition is. Mankiw was Chairman of President Bushs 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 FBIs 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
Well, thats 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
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 Aspergers-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
Minnesota Taxpayers Stuck Footing The Bill For Wind They Cant 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
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 ...
Fake Conservatives As Dangerous To Freedom As Obama
Post Date: 2012-04-18 19:14:22 by SJN
If Americans are looking for anything in the dark clouds of political dust and powdered ash that choke our air and leave us feeling naked against the elements, it is but a simple moment of sincerity. It sounds like an easily attainable thing, and yet, we continue to gasp and clamor. The visible surface of our nation is so devoid of honest connection with our social voice that we have turned to a cynical form of loneliness. We have embraced a life without clarity, and been made wretchedly bitter, desperate for even the faintest taste of truth. The false two party paradigm that drives America gives us a measure of sustenance. Just enough to keep us from going completely mad, but not enough ...
CEI’s Battered Business Bureau: The Week in Regulation
Post Date: 2012-04-18 15:28:19 by Anthem
Just another week in the world of regulation:77 new final rules were published last week, the same number as the previous week. Thats the equivalent of a new regulation every 2 hours and 11 minutes, 24 hours a day, 7 days a week. All in all, 1,030 final rules have been published in the Federal Register this year. If this keeps up, the total tally for 2012 will be 3,625 new rules.1,475 new pages were added to the 2012 Federal Register last week, for a total of 22,426 pages. At this pace, the 2012 Federal Register will run 77,243 pages.Rules are called economically significant if they have costs of $100 million or more in a given year. The 17 such rules published so far ...
From Financial Crisis to Stagnation: An Interview with Thomas Palley
Post Date: 2012-04-18 10:54:09 by lucysmom
Philip Pilkington: At the beginning of your book From Financial Crisis to Stagnation you refer to the 2008 crisis as a crisis of bad ideas. Could you please briefly explain why you refer to the crisis in this way? Thomas Palley: A central and critical element of my book is its emphasis on the role of economic ideas in generating the crisis. This feature fundamentally distinguishes it from mainstream explanations that tend to represent the crisis in terms of surprise events and economic shocks (e.g. black swans). My book starts with the fundamental idea that economies are made, not found. The way economies are organized and function is significantly the product of social ...
Visibly Annoyed Obama Gets Lecture From Female President of Brazil (economics)
Post Date: 2012-04-14 23:22:40 by Hondo68
An annoyed looking President Obama listened as President Dilma Rousseff of Brazil lectured him about the monetary polices of the US.
Poster Comment:The sexist swine doesn't like being told by a woman that communism is evil. She's a very bright lady, too bad it's all more than O'bungler can comprehend. Marxists just don't get economics, if they did they wouldn't be Marxists. He looks like he's considering a drone strike, unless she fixes him lunch.
Sovereign Debt, Gold and Okun's Law
Post Date: 2012-04-14 15:37:44 by Capitalist Eric
Is gold's run over? Let's look at some facts. The amount of money the federal government owes to its creditors, combined with IOUs to government retirement and other programs, now tops $15.23 trillion. That's roughly equal to the value of all goods and services the U.S. economy produces in one year: $15.17 trillion as of September, 2011. Among advanced economies, only Greece, Iceland, Ireland, Italy, Japan and Portugal have debts larger than their economies. The U.S. government spent over 454 billion dollars just on interest on the national debt during fiscal 2011. The debt ceiling stands at nearly $16.4 trillion. Some predict the U.S. will run out of money by September 2012. ...
Bernanke, The Professor Who Did NOT Save the World
Post Date: 2012-04-11 14:19:22 by Capitalist Eric
"The Fed's efforts prevented a 'total meltdown' of the financial system at a time when fears of a second Great Depression were 'very real,' Mr. Bernanke said Tuesday at the third of his four lectures at George Washington University in Washington." - Wall Street Journal, "'Fed Prevented Total Meltdown,' Bernanke Said," March 28, 2012. This is not true. Each of Federal Reserve Chairman Ben S. Bernanke's four lectures at George Washington University was unfortunate in its own way. In his third assault on history, logic, and common sense, "The Federal Reserve's Response to the Financial Crisis," Simple Ben made it clear he ...
The Fed's Currency Swap Covert Bailout of the Eurozone
Post Date: 2012-04-11 14:17:38 by Capitalist Eric
On Tuesday, March 26, 2012, I was invited by Ron Paul and his staff to assist a meeting of the Domestic Monetary Policy and Technology Subcommittee of the House Committee on Financial Services. The title of the hearing was "Federal Reserve Aid to the Eurozone: Its Impact on the U.S. and the Dollar." Unfortunately, Ben Bernanke had not come to the hearing, being busy with propaganda lectures in favor of the Fed. Instead, two of his colleagues, Mr. William C. Dudley (president and chief executive officer, Federal Reserve Bank of New York) and Dr. Steven B. Kamin (director, Division of International Finance, Board of Governors of the Federal Reserve System), showed up to answer the ...
Wall Street sinks, S&P below support level (Stock Market Crash; Greatest Depression - Ever)
Post Date: 2012-04-10 16:36:32 by Hondo68
NEW YORK (Reuters) - Stocks fell in a broad and steep decline on Tuesday, with the S&P 500 dropping for a fifth day to break under a key support level. The industrial and materials sectors represented the stocks suffering the biggest drops. More than four-fifths of the stocks traded on the New York Stock Exchange slid, while about 80 percent of Nasdaq-listed shares declined.The three major U.S. stock indexes fell more than 1 percent in midday trading, with the S&P 500 sliding below its 50-day moving average of 1,372.30. That area is viewed as the support level that will make or break the current uptrend as Wall Street enters the first-quarter earnings season."Dropping below ...
Digital Cash from Canada
Post Date: 2012-04-07 14:09:15 by jwpegler
The Royal Canadian Mint has invented a new, digital currency called MintChip intended to be an alternative to using debit and credit cards. MintChip is modeled somewhat on Bitcoin, a digital currency invented by an unknown programmer that looked like it might succeed last year before falling prey to a serious of security and regulatory problems. The promo video for MintChip promises that transactions as small as $0.01 will be possible, something not feasible with credit cards due to the fees on each transaction. A competition is underway that will reward programmers with the best demonstration uses for MintChip. MintChips are exchanged as digital files that can be verified by software ...
Don't Catch Economic Recovery Fever
Post Date: 2012-04-05 19:52:04 by Capitalist Eric
Gold has been holding steady in the the $1,600-$1,800 band since early October. This could be attributed to consolidation after last summer's historic run up to $1,895, but I think this wait-and-see attitude reflects current market sentiment toward the US dollar. In fact, the first few days of April have seen a sharp dollar rally and decline in gold. This is rooted in deflated expectations of a third round of Quantitative Easing (QE3) after the most recent Fed Open Market Committee (FOMC) meeting. Once again, the markets are responding to the headlines while losing sight of the fundamentals. This is especially peculiar because the Fed did not explicitly take QE3 off the table. In ...
NIALL FERGUSON: This Is The Study That Shows Why The US Economy Is Doomed
Post Date: 2012-04-05 17:08:02 by Capitalist Eric
A Harvard Business School study that Niall Ferguson pointed us to today shows the U.S. has fallen severely behind in terms of international competitiveness. The study, from January, found that for Harvard alums personally involved in a company relocation decision, 57 percent said the decision "involved the possibility of moving existing activities out of the U.S." Meanwhile, only 9 percent considered moving existing activities from another country into the U.S. "A U.S.-based respondent was three times as likely to be considering moving business activity out of the U.S. than a non-U.S. respondent was likely to be considering moving an activity into the U.S," writes ...
Why the Fed Will Be Powerless to Stop The Real Crash
Post Date: 2012-04-03 16:37:13 by Capitalist Eric
Over the last two years, Ive been caught into believing a Crash was coming several times. In some ways I was right: we got sizable corrections of 15+%. But we never got the REAL CRASH I thought we would because the Fed stepped in. So what makes this time different? Several items:1) The Crisis coming from Europe will be far, far larger in scope than anything the Fed has dealt with before.2) The Fed is now politically toxic and cannot engage in aggressive monetary policy without experiencing severe political backlash (this is an election year).3) The Feds resources are spent to the point that the only thing the Fed could do would be to announce an ENORMOUS monetary program which ...
'Massive Wealth Destruction' Is About to Hit Investors: Faber
Post Date: 2012-04-03 14:45:30 by Capitalist Eric
Runaway government debts have triggered uncontrolled money printing that in turn will lead to inflation that will decimate portfolios, according to the latest forecast from "Dr. Doom" Marc Faber. Axel Griesch | ASFM | Getty Images Dr. Marc Faber Investors, particularly those in the "well-to-do" category, could lose about half their total wealth in the next few years as the consequences pile up from global government debt problems, Faber, the author of the Gloom Boom & Doom Report, said on CNBC. Efforts to stem the debt problems have seen the Federal Reserve expand its balance sheet to nearly $3 trillion and other central banks implement aggressive liquidity ...
The Illusion of an Economic Recovery: The Backlash of Higher Gasoline Prices…
Post Date: 2012-04-01 13:15:46 by Hondo68
The housing recovery seems to have been a temporary affair. Preliminary data frames March as weak as last October. It looks like lower interest rates boasted sales. Those rates are up from 4.72% to 5.02%. Worse yet, Operation Twist is over. That is where the Fed sold the short end of the bond market and bought notes and bonds of 5, 7, 10 and 30 years. Even though the BIS, The Bank for International Settlements, said the program was a resounding success, it was not. American friends knew the Fed was a buyer, so they proceeded in selling long dated paper destroying what the Fed policy was trying to accomplish. Now we expect QE 3, which we have expected for sometime. Lest we not forget the ...
Warren Buffett: Why stocks beat gold and bonds
Post Date: 2012-03-27 11:12:16 by lucysmom
snip The second major category of investments involves assets that will never produce anything, but that are purchased in the buyer's hope that someone else -- who also knows that the assets will be forever unproductive -- will pay more for them in the future. Tulips, of all things, briefly became a favorite of such buyers in the 17th century. This type of investment requires an expanding pool of buyers, who, in turn, are enticed because they believe the buying pool will expand still further. Owners are not inspired by what the asset itself can produce -- it will remain lifeless forever -- but rather by the belief that others will desire it even more avidly in the future. The major ...
World Bank Nominee Kim Under Fire for “Dying for Growth” Book
Post Date: 2012-03-26 23:22:34 by lucysmom
The US nominee to lead the World Bank, Jim Yong Kim, has come under attack for editing a book called Dying for Growth. It apparently performs the cardinal sins of questioning whether a relentless pursuit of growth produces necessarily produces good outcomes and taking issue with neoliberalism. From the Financial Times: Some economists are arguing that Dying for Growth, jointly edited by Dr Kim and published in 2000, puts too great a focus on health policy over broader economic growth. Dr Kim would be the first World Bank president ever who seems to be anti-growth, said William Easterly, professor of economics at New York University. Even the severest of World ...
Dead Man Walking Economy
Post Date: 2012-03-23 22:14:52 by Capitalist Eric
In an interview with Louis James, the inimitable Doug Casey throws cold water on those celebrating the economic recovery. [Skype rings: It's Doug Casey, calling from Cafayate, Argentina. He sounds tired, but pleased with himself.] Doug: Lobo, get out your mower; it's time to cut down some green shoots again, and debunk a bit of the so-called recovery. Louis: Ah. I have to say, Doug, the so-called recovery is looking more than "so-called" to a lot of smart folks. Even our own Terry Coxon says the recovery is real, albeit weak. Doug: Terry's probably looking at it by the numbers, some of which are reported to be improving. But let's come back to the numbers later ...
Job fair held for illegal aliens in Va. town (Unemployed Americans increase)
Post Date: 2012-03-22 13:08:21 by Hondo68
Harrisonburg, VA - On Tuesday, a group known as Our Community Place held a job fair for those who may have more trouble than others finding work, including illegal aliens. Where is their job fair? Credit: Getty Images The event billed on the groups website catered to those experiencing Challenges with addiction, transportation, no training, health, education, no ID, immigration issues, etc? And, was free to anyone in the world and provides refreshments and lunch. Despite the fact that it is illegal for them to work in this country, Our Community Place volunteer Sigi Chabrier helps illegal aliens find jobs. Chabrier told WSHV: These people are here living ...
Ben Bernanke Tries To Convince America That The Federal Reserve Is Good And The Gold Standard Is Bad
Post Date: 2012-03-21 11:54:55 by Hondo68
Ben Bernanke has decided that he needs to teach all of us why the Federal Reserve is good for America and about why the gold standard is bad. On Tuesday, Bernanke delivered the first of four planned lectures to a group of students at George Washington University. But that lecture was not just for the benefit of those students. Officials at the Fed have long planned for this lecture series to be an opportunity for Bernanke to "educate" the American people about the Federal Reserve. The classroom was absolutely packed with reporters and just about every major news organization is running a story about this first lecture. So the Federal Reserve is definitely getting the publicity ...
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