Archive - Jul 25, 2011 - Blog entry

The Founding Fathers' vision of prosperity has been destroyed - and we've gone from the "wealth of nations" to the "debt of nations" - at least in part because our political system has been subverted by non-Constitutional committees and entities.

The Fed has admitted that its banks are  private institutions.

Now, it's the "Super Congress" ...

The Public Sector Pension Investment Board (PSP Investments) announced that it recorded an investment return of 14.5% for the fiscal year ended March 31, 2011 (fiscal year 2011)....

Since last update in March 2011, quite a lot has happened. The global news empire is in trouble, Euro zone problems escalated, US Debt ceiling issues are still on the table and generally the earnings have surprised on the upside. With all of these grey swans and uncertainty, the markets have responded quite well to the price levels charted earlier in March 2011 issue. Regardless of how the news on TV may appear to be, market sentiment is not at extremes, as can be seen via AAII sentiment readings.

It doesn’t matter what terms the President offers. It’s that simple. Boehner can’t deliver the votes...That's why Boehner is always crying--Alan Grayson

Given the ridiculous number of rumors (and ridiculousness of some of the rumors) related to the US and EU debt talks that are circling the financial community, I thought it best that we confront the realities these two economies face. 

You know, it's downright frightening how clearly this was able to be anticipated well over a year ago, yet it appears as if the EU politicking behind the bailout bonanza STILL leads down the road to perdition.

"While we are sympathetic to the desire to avoid wasteful and duplicative litigation, the source of the unnecessary proceedings in this case was not an overly wooden application of the rules, but US Bank's failure to abide by them."

I call super B.S.