What a year 2012 has been! The mainstream media continues to tell us what a “great job” the Obama administration and the Federal Reserve are doing of managing the economy, but meanwhile things just continue to get even worse for the poor and the middle class. It is imperative that we educate the American people about the true condition of our economy and about why all of this is [...]
PYONGYANG, North Korea (AP) — Mickey Mouse and Winnie the Pooh took the stage in North Korea during a concert for new leader Kim Jong Un, in an unusual performance featuring Disney characters.
Performers dressed as Minnie Mouse, Tigger and others danced and pranced as footage from “Snow White,” “Dumbo,” “Beauty and the Beast” and other Disney movies played on a massive backdrop, according to still photos shown on state TV.
For those waiting for our economic problems to be solved, you can quit holding your breath. There is simply not going to be a solution to our economic problems on the national level. So why is that the case? Well, it is because the economic policies of both major political parties are very, very similar when you take a close look at them. Yes, that statement may sound downright bizarre [...]
As we watch the sporadic downward spiral of Europe and the US “economies” (I prefer civilizations) it’s curious that no one acknowledges that all of the underpinnings for this disaster have been in place for MANY decades. The statistics documenting the economy are regularly, if not rigorously collected, distributed and analyzed.
1) Aging population 2) loss of national competitiveness vs other nations 3)morbid obesity/illness growing at alarming rates 4) decliining public [...]
Rick Santelli just mentioned this on CNBC, so here it is:
China reviews eurozone bond holdings
“China, which boasts the worldÃ¢â‚¬â„¢s largest foreign exchange reserves, is reviewing its holdings of eurozone debt in the wake of the crisis that has swept through the regionÃ¢â‚¬â„¢s bond markets.
Representatives of ChinaÃ¢â‚¬â„¢s State Administration of Foreign Exchange, or Safe, which manages the reserves under the countryÃ¢â‚¬â„¢s central bank, has been meeting with [...]