Archive - Nov 7, 2010 - Blog entry

We are entering the slowest growth period in US history. Distressed state and local finances are pushing the public sector into 20 years of cost cutting that is sending education spending plummeting, leading to the great “dumbing down” of America. No productivity gains here. This is why I have been urging traders and investors to get their money the hell out of the US. They must be laughing in Beijing.

We are entering the slowest growth period in US history. Distressed state and local finances are pushing the public sector into 20 years of cost cutting that is sending education spending plummeting, leading to the great “dumbing down” of America. No productivity gains here. This is why I have been urging traders and investors to get their money the hell out of the US. They must be laughing in Beijing.

This Foreclosuregate deposition was taken on November 4, 2010 in Pinellas County, Florida, by attorney Christopher Forrest of The Forrest Law Firm and has to be one of the most damning yet. The reason I say "yet" is because Bryan Bly's video deposition is coming up next...

It would be a hoot if it turns out like this...

We are officially in an inflation trade melt-up.

Everything that is an inflation hedge has exploded since late August. Gold is up 15%. Silver is up 48% (courtesy of the manipulators finally getting taken to court). Agricultural commodities are up 25%. Oil is up 20%.

Against this backdrop, stocks’ 17% rally becomes slightly less insane. That’s right, stocks are up 17% since late August. What happened in late August? The Fed announced QE lite and promised QE 2 was coming. Almost to the day of this announcement, the US Dollar rolled over and dropped some 8% (it’s down nearly 15% since June).

The Maestro speaks at Jekyll Island ...

As policymakers display to their world their lack of clothes each and every day ($600,000,000,000 to prop up asset bubbles?), and Austrian remedies to the situation become more and more politically unpalatable as time passes and economic distortions become increasingly large, I illuminate 5 ways that politicians could realistically avert a complete collapse of the economy.

Pillagin', weighin' anchor' an' pukin' — that be how the FRB sails me hearties...the Gold be yer only savin' grace...