Archive - Apr 2010 - Blog entry

Here is your opportunity to get into the banking business. You can get in on the ground floor and the top floor on this sweet deal.

I am tired of the cheerleading by the mainstream press where they see every positive sign as a sure sign of recovery and every negative sign as "unexpected." Every article I read on new data from the Wall Street Journal or Bloomberg is the same--with mind numbing regularity.

According to Michael Hudson, government debt in Greece is just the first in a series of European debt bombs that are set to explode. Read his excellent comment and listen to his interview On The Edge with Max Keiser where he says the latest health care reform was a giveaway to private health insurers and governments around the world are committing economic suicide by adopting IMF austerity measures while they pile on more debt.

Nobel Prize-winning economist Joseph Stiglitz talks with Bloomberg's Francine Lacqua about Greece's debt problem and China's currency. Stiglitz said an International Monetary Fund rescue of Greece would be a "sad" chapter in the history of the European Union.

Debt repudiation: good idea or bad idea?

Greenspan - who said regulators shouldn't even pay attention to fraud - is now changing his tune ...

Banks are busted, all of the big guys were doing the Lehman thing, and it gets worse. I take a look under the hood of the big boys to see what they were hiding. On a side note, as I type this the story is breaking all over the place. Is this the return of true, investigative reporting? I hope so!

The OECD says that Canada's economic growth will outpace those of other G7 countries by a wide margin in the first half of the year. Really? What are they smoking? And Goldman and Pimco are the latest big funds to say that it's going to get a lot worse for Greece. If I were a pension fund manager, I'd ignore these dire predictions, and snap up as many Greek bonds yielding 7% as possible.

Ouch, not a good sign for the economy ...

Banker as taxman.

Hello, Earth to knuckleheads ... Earth calling knuckleheads. This is the American people.

Anyone there?

More Golden facts for those Gold Bugs

" What took 140 years for the emerging market in America to displace Europe, China will do in 26 years [~] 1989 - 2015, will displace American Economic power. The Yuan is undervalued since paper currency is merely a share in the nation just as in a corporation. As the $ rose in 1929 - 1932, the Yuan will rise during any economic decline. Investing in China packs capital gains + eventually currency appreciation. [T]he Yuan would rise during sovereign defaults as [a] currency hedge. Welcome to the Decline & Fall of America where stocks, interest rates & gold can rise together. "

More on Lehman Dies While Committing Murder - my rant on regulatory capture has been picked up by independent media. Uh Ohhh! It's Ponzi Videohhhh!

Geithner and the Obama Administration are rolling the dice with its China policy in a very high stakes game. They are trying to force China to revalue the yuan. If we crap out, we face the possibility of trade wars and a collapse of international trade. I believe they don't understand what they are doing. This is big. Don't count on politicians to do the right thing.