Lets see how bright American fiscal policy is:
Payoff toxic mortgage loans at full price, then allow speculators/ultra rich to take highly leverage and force-up the farmland prices.
Result is citizens pay higher food prices. Go into stores and see how packages and jars of food keep getting smaller. For example yogurt is now sold in “spoonful” portions. Restaurants serve cheap carbohydrates because protein has become too expensive. Just try to by [...]
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by Phoenix Capital Research
Stocks are officially in a blow-off top. This is the culmination of Bernanke’s life’s work. In his mind he has succeeded in saving capitalism by spending trillions of Dollars pushing stocks higher.
It doesn’t matter that the US hasn’t experienced 3% GDP growth a SINGLE year since he took the Fed. It doesn’t matter that the employment ratio is at levels last seen back in the early ‘80s. It [...] Pope Francis continues to condemn capitalism’s excesses.
Yesterday, according to an AFP report, Pope Francis ripped into the “slave labor” conditions at a Bangladesh factory whose collapse killed hundreds. Read more: http://www.businessinsider.com/pope-takes-on-unemployment-2013-5#ixzz2S92VRNEC By Inés Benítez Wholemeal rye bread, lettuce and chard are some of the products on offer from the El Caminito urban vegetable garden at the small organic produce market in this southern Spanish city, with prices set in “comunes”, one of more than 30 social currencies circulating in the country. “The aim is to find an alternative to the curse of unbridled capitalism and to sow the foundations of a [...] by WashingtonsBlog
Instead of Changing their Behavior to Prevent Another Crisis, the Powers-That-Be Double Down On the Strategies that Caused the Financial Crisis In the First Place Liberals blame deregulation and reckless Wall Street greed for the economic crisis. Conservatives blame bad government policy. Now, the D.C. politicians are doing the exact same things which got us into the crisis in the first place. For example, they are: Pushing banks to make home loans to people [...] by Phoenix Capital Research
Cyprus should scare the living daylights out of everyone. Cyprus has shown us that when things get bad enough in Europe, bureaucrats will STEAL money from the people. That is bad enough as it completely goes against the central tenants of Capitalism and Democracy. Not to mention it also targets the wrong people (average citizens) instead of the banks that created this whole mess. However, we now know that [...] by Phoenix Capital Research
Cyprus put another nail in the coffin of Democracy and capitalism over the weekend. Having found that the Cyprus people and Parliament wouldn’t stand for the confiscation (THEFT) of depositors’ savings, the EU bureaucrats simply chose an option in which voting doesn’t occur. This is precisely what I feared would happen: that any basic rules or laws would be tossed out the window during times of extreme crisis. This has [...] Capitalism means that there is much more research into male baldness than there is into diseases such as malaria, which mostly affect poor people, said Bill Gates, speaking at the Royal Academy of Engineering’s Global Grand Challenges Summit. “Our priorities are tilted by marketplace imperatives,” he said. “The malaria vaccine in humanist terms is the biggest need. But it gets virtually no funding. But if you are working on male baldness or [...] “I’m getting the ‘summer of 1987 feeling’ in the U.S. equity market,” Kass told CNBC, “which means we’re headed for a sharp fall.”
GRANTHAM: Investors Are Being Bullied Into Buying Risky Assets, Which Are Doomed To Crash From Grantham’s letter (emphasis ours): The Fed’s negative real rates regime, designed to badger us into riskier investments in order to push up equity prices and grab a short-term wealth effect (that must be given back one day when least [...] Wal-Mart says it has had “ongoing conversations” with political leaders and others about curbing gun violence. Wal-Mart to meet with Vice President Biden on guns, after getting flak for first turning down the invitation … Wal-Mart, the world’s largest retailer and largest [...] Just as Obama used crony capitalism to leverage pharmaceutical companies into advertising for Obamacare, so too is he trying to fashion gun control legislation in way that will make Wal-Mart one of the legislation’s most prominent supporters. The goal: Obama wants to end private gun sales, period. [...] London Austerity And The End Of Capitalism London prominent computer shops are closing down on what have been some of the busiest streets, The public are asked why they think this is Up to 140 chain store retailers could close in 2013. http://www.thisismoney.co.uk/money/n…fail-2013.html No surprise and its not all down to online shopping. There are many reasons why we don’t want to shop in town. from Zerohedge: If there is one thing better than Marc Faber providing a free, must-watch (and listen) 50 minute lecture on virtually everything that has transpired in the end days of modern capitalism, starting with who caused it, adjustable rate mortgages, leverage, why did the Fed let Lehman fail, why was AIG bailed out, quantitative easing, Operation Twist, where the interest on the debt is going, which bubbles he is most [...] A group in the Midlands are pooling their income and distributing it according to needs. Andrea Smith reports Share Part-time management consultant Guy Simmons earns £322 a week – yet every time he needs a new shirt for work, he has to get the agreement of five other people. Guy, 52, is a member of an East Midlands group called Snowball, which opposes capitalism and consumerism. The five adult members and one [...]  The coming EBT riots from NaturalNews: As Ron Paul explained in his recent farewell speech, the entitlements must sooner or later come to an end: The wealth we see today is based on debt and a foolish willingness on the part of foreigners to take our dollars for goods and services. They then loan them back to us to perpetuate our debt system. It’s amazing that it has worked for this long but the impasse [...] Bush: 1300+, Clinton: 1000+, Obama: 0.0 (+/-) Meanwhile, not a word of complaint from a single Democrat in Congress, which is especially infuriating given the broad bi-partisan agreement among voters that criminal bankers need to do time. Too concerned with keeping up appearances and the next election cycle, neither side of the false left-right paradigm of American politics is capable of exposing its own filthwhen it comes to legitimate scandal, and this DOJ non-prosecution madness involving [...] Mike Krieger The Seventy Percent From Pragmatic Capitalism: There’s been a lot of chatter about last week’s jobs report. From conspiracy theory rumors, to outright accusations of fraud to cheers about how wonderful the numbers are. I won’t ruin your day with my opinions on whether the numbers were faked or misleading because the fact is, this jobs recovery is one of the weakest in U.S. history. In fact, using percent year over year gains as a [...] From Pragmatic Capitalism: What’s to worry about? The world is engulfed in a liquidity tsunami from Japan’s QE expansion to the ECB’s bond-buying program and the Federal Reserve’s QE3. Bond yields have fallen for Spain and Italy pulling them out of the danger zone, the flames of the Eurocrisis have died down to smoldering embers, and there is a general belief that the world will somehow shortly reignite the engines of economic [...] 47% of US investors dependent on the Fed believe they are victimized by government, who believe they are entitled to enough liquidity to profit when risk is laid-off onto others, to society, to you-name-it…
On September 13th, the Fed announced QE3, a policy of open-ended bond purchases which would add $1 trillion annually to the Fed’s balance sheet. The Fed’s decision to provide liquidity ad infinitum, i.e. QE etc, was framed in [...] |
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