It’s time for the State of the Union address, which means the president is pivoting back to jobs once more. It’s an annual game where President Obama pretends to be focused on employment and many in the media pretend to believe him.
Back in 2009, the president promised never to “rest” until the job situation was fixed. Nearly four years later, he’s done a lot of resting.
According to The Weekly Standard, Pres. [...]
Frequently Asked Questions on Hyperinflation
The following are frequently asked questions or objections common among hyperinflation skeptics. The statements or questions in bold below are things hyperinflation skeptics say and my responses follow.
How is hyperinflation defined?
The International Accounting Standard of IAS 29 says there is hyperinflation when “the cumulative inflation rate over three years approaches, or exceeds, 100%.” This works out to 26% per year. There are many other definitions for hyperinflation but they almost [...]
In it I explore the process of money creation through fractional reserve lending and central banking in more detail and show how it leads to our current perpetual & infinite growth paradigm (or ponzi economic system). I also explain why the categorical statement “the interest of a loan does not exist therefore it can’t be repaid” is actually wrong and how it is theoretically possible given a few prerequisits, which [...]
While Roach vs Meyer was an outstanding battle – played out face-to-face in the CNBC Squawk Box cage – the Academic vs Acumen drama playing out between Jeremy ‘sluggish’ Siegel and Bill ‘the bond’ Gross on Bloomberg TV is far more entertaining. The constant fall-back to age-old textbook definitions of mean-rerting reality and old normal ‘expected’ returns ran head first into the sage practitioner world of Gross’s ‘end of equities’ call. While [...]
War doesn’t determine who is right — only who is left. — Bertrand Russell
Is the world marching off to battle, Fellow Reckoner? If history is any guide, the answer would seem to be a categorical, “always.”
“US may have to strike Iran: Republican VP prospect” read a headline from the wires yesterday afternoon.
Apparently Marco Rubio, one of the contenders tipped to fill Romney’s presidential ticket, said a unilateral “military solution” from the [...]
I see a pattern here… A bill is put forward to eradicate freedom on the internet, it gets outed and publicly decried, and then in a short period of time an even more generalized and oppressive bill gets put forward.
How do we make it clear to our government that this is something we will not accept? What prevents them from getting even more devious and signing into law the aspects [...]
Congress is doing it again: they’re proposing overbroad regulations that could have dire consequences for our Internet ecology. The Cyber Intelligence Sharing and Protection Act of 2011 (H.R. 3523), introduced by Rep. Mike Rogers and Rep. Dutch Ruppersberger, allows companies or the government free rein to bypass existing laws in order to monitor communications, filter content, or potentially even shut down access to online services for “cybersecurity purposes.” Companies are [...]
Moody’s declared Greece in default on its debt Friday after Athens carved out a deal with private creditors for a bond exchange that will write off 107 billion euros ($140 billion) of its debt.
Moody’s pointed out that even as 85.8 percent of the holders of Greek-law bonds had signed onto the deal, the exercise of collective action clauses that Athens is applying to its bonds will force the [...]
Congress is doing it again: they’re proposing overbroad regulations that could have dire consequences for our Internet ecology. The Cyber Intelligence Sharing and Protection Act of 2011 (H.R. 3523), introduced by Rep. Mike Rogers and Rep. Dutch Ruppersberger, allows companies or the government1 free rein to bypass existing laws in order to monitor communications, filter content, or potentially even shut down access to online services for “cybersecurity purposes.” Companies are encouraged to share [...]
By Violet Blue | February 27, 2012, 3:08am PST
PayPal’s new aggressive campaign wants to stop independent e-book publishers that use its service from including certain kinds of erotic content in their catalogs.
On Saturday February 18, PayPal began threatening indie book publishers and distributors with immediate deactivation of the businesses’ accounts if they did not remove books containing certain sexual themes – namely, specific sexual fantasies that PayPal does not approve [...]
by Aaron Moyer
Part I. Practical Survival Equipment
In this segment of the Emergency Assessment series, we’re going to discuss equipment, but not in a way that is commonly seen.
We’re going to take the information from the previous segment (Understanding Emergencies) and set up some definitions that we will use to frame what we need in order to meet emergencies head on.
Most of the time, this discussion is what you hear when you hear “survivalists” [...]
Via Peter Tchir of TF Market Advisors
The EU is getting closer to having two actual alternatives for EFSF on the table.
Partial Protection Certificate (PPC)
The PPC approach is included as one of the two proposals. They came up with a name so that is progress. It looks like payout would be linked to events that are very similar to CDS Credit Events. It seems that the PPC’s would be issued in [...]
More than half of all Americans say they’ve recently gone a year without dining out, in what may be one of the clearest reflections yet of how the listless economy is restricting choices for consumers.
Only 49.3 percent of adults say they “dined out” between fall 2009 and fall 2010, according to recently released figures from the U.S. Census Bureau. That’s the lowest percentage since 2007, when just 48.7 percent of [...]