December 19, 2012; An American Reckoning
An American Reckoning, a preview:
Is gold manipulation a factor in price?
100 yrs of the Fed and 95% loss in the dollar
Career politicians vs. true Statesmen
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Doubling The Tax Rates For Rich Is Not Even Enough To Close The Deficit
THE FINAL CRASH – THE END OF U.S. DOMINANCE IN 2013 – Part Two – The Economic Crash of 2013
Regardless of the outcome of [...]
Defiant and reflective, 80-year-old Maricopa County, Arizona Sheriff Joe Arpaio told Breitbart News after winning re-election that he has a message for President Barack Obama: granting amnesty to illegal immigrants is unfair to legal immigrants.
And Arpaio would like to discuss amnesty — along with border security issues — with Obama “man to man” directly at the White House. He would also like to reach out to Hispanic groups he said [...]
America faces two more years of legislative deadlock as the Republicans held on to the House of Representatives and the Democrats retained control of the Senate following last night’s election.
Politicians may be pleased that their respective parties held on to the control of the legislative houses, but it is the American people who are likely less thrilled about the impending gridlock.
The passage of bills is significantly easier when the same [...]
If French Fitch, which will first be Egan-Jonesed than downgrade France from its unmovable AAA rating is starting to say that the unthinkable, namely the departure of Greece from the Eurozone, would be “bearable”, then things are about to get once again exciting, as this is merely setting the stage for the next leg down. Among the other google translated gibberish said by Fitch chief Taylor, here is the argument: [...]
Vice President Joe Biden, long known for making embarrassing verbal gaffes, echoed the cynical criticism many people levy against career politicians, stating he had stayed in the Senate for 36 years because he didn’t want to get “a real job.”
Biden was speaking to a Democratic fundraiser in Chicago Thursday night, when he turned to praise the work of Richard M. Daley, the city’s former mayor of over 20 years.
“I never [...]
Wolf Richter www.testosteronepit.com
Greeks yanked €65 billion out of their bank accounts since 2009, Finance Minister Evangelos Venizelostold parliament on Friday. “Of that total, €16 billion has been legally taken abroad,” he said. The rest? Stashed under mattresses or hauled to Switzerland via the land route. A whopping 20% of GDP! Capital flight of massive proportions. They see a forced conversion of their euros to drachmas. With good reason.
“The case of Greece is hopeless,” said [...]
January 11, 2012
Officially, America is now bankrupt: financially, economically, politically – and morally. Its criminal aggression towards Iran is just one of many parts of a jigsaw that add up to a clear and grotesque picture of what the United States of America now represents in the 21st Century world.
The numbers and pictures for these constituent parts of this odious jigsaw puzzle are well known. But what has [...]
The market seems to be driving the change in the direction of membership changes (via restructurings and temporary devaluations – e.g. GRE CDS and WI Drachma) while the euro-zone-’management’ seem prone to structural changes (i.e. EFSF umbrella, Euro-bonds, and fiscal union). While the cost of either approach is likely extremely high, some research from early Summer by ESCP Europe suggests a non-trivial approach that reduces [...]
Earlier this month, Rep. Chaka Fattah, a Pennsylvania Democrat, floated the idea of imposing a tax of 1% on every transaction to pay down the national debt. The pencil-necked geeks in the district of criminals took one look at this and scoffed. It would need to be closer to 5-6%, they argued, in order to pay down even a small part of an astronomical debt.
When the USA had import tariffs, US Corporations were protected from the cheap labor competition outside the country. Business was happy, the Gov’t was happy, Unions were happy, and US workers were happy.
Everybody benefitted, yet there was room for competion and innovation to make improvments in products AND production… and a family could live well with only ONE BREAD-WINNER.
It would still work today. Sure, with strong labor, we’d be paying [...]
Both the current and previous administrations have done every single imaginable thing WRONG to stabilize this economy. The Depression they claim they have “saved” us from is now guaranteed.
Both Bernanke and Greenspan love bubbles, they cannot get enough of them. We have so many out there now, there aren’t enough tacs in the world to pop them all.
We have not had the correction yet people, so buckle up! Use the [...]