Archive - Apr 6, 2011 - Blog entry

It's as clear as mud

But please don't show these statistics to anyone that is feeling depressed or that has just lost a job - it might push such a person over the edge.

Does anyone remember the TELE-POTUS 2008 election blathering about his fine credentials with regard to the economy? Man were we gullible! After we sort out the difference between inflation and hyperinflation, can we all please remember to haul Obamo the Billion Dollar Clown to the Election Day carpet?

Congress, you need to wake up. The people who are acting as your financial advisors are lying to you about the economy and our financial system. They’re also lying to you about the effectiveness of their policies. You are supposed to represent us. You are supposed to defend us against threats both internal and external. Bernanke is lying to you and all of us. He is an internal threat to our financial wellbeing.

DO SOMETHING ABOUT IT.

New story, old story. Same story.

Debunking the myth that only huge doses are dangerous ...

The REAL Crisis (of which 2008 was the warm-up) is fast approaching. When I say REAL Crisis I mean full-scale systemic meltdown, a situation in which the market accomplishes what the Fed, regulators, and US Government at large have failed to do: clean house. The plain facts are right in front of us. The US is broke on every level: Federal, State, Local, and individual/ consumer. We all know this, but we don’t want to admit it because doing so would likely mean wiping out at minimum 30% of what we have today.

If you really don't think a Pan-European bank collapse may be in the cards, you really haven't been paying attention. Things are coming to a had much more quickly than even I anticipated, and you know I'm far from optimistic in this regard.

The Ryan plan does nothing until 2022. We won't make it that far.

First, let me say that I’ve long enjoyed reading the rants of over-the-top inflationists like Jim Willie, but also the relatively subdued essays of Gonzalo Lira — even if the latter sometimes comes across as the kind of guy who could wear out a mirror. I feel a comradeship with both because, predictions about the financial endgame aside, I agree with much of what they have said — most particularly about the robust defensive role that bullion seems likely to play no matter what happens. But that is not to say that I agree with all of Lira’s and Jim Willie’s arguments.

The Ontario Teachers’ Pension Plan (Teachers'), the largest single-profession pension plan in Canada, gained 14.3% in 2010 but systemic funding challenges persist...