Archive - Apr 3, 2012 - Blog entry

Just in case the mainstream media's "record profit" narrative takes a hit during Q1 earnings announcements...

A bubble, bad underwring, inflated prices... Anything sound familiar? Nearly every middle class family aspires to this...

Even Zhou Xiaochuan, Governor of the mighty People’s Bank of China, is worried....

Having been an onlooker of the recent tiff between Paul Krugman and Steve Keen, I was very eager to see what Mr. Keen had to say in tonight's LSE public lecture on "Banks Versus the Economy." Observing how Keen had quarreled with Krugman and effectively ate his lunch, I thought he would bring a lot to the table. I was wrong. Keen had raised the (very interesting) issue about how neoclassical economists and their models fail to recognize the role of banks in the economy.

In Jobs we trust...

Folks, QE 3 is not coming. Not without a Crisis first. End of story. The last time the Fed hit “print” with QE 2 put food prices at all time records and kicked off revolutions and riots around the globe. Today, gas is already at $4, food prices aren’t too far off their highs… do you REALLY think the Fed will kick off more QE in this environment… during an election year? At a time when the Fed is becoming a hot topic in the election?

Seasonal adjustments are not forever. 

The biggest Ponzi scheme in the US is the US treasury bond. The US Fed was the biggest buyer of US treasuries (over 61% of purchases). How do you think this will end?

A Special Banzai7 Report...

In simple terms, this time around, when Europe goes down (and it will) it’s going to be bigger than anything we’ve seen in our lifetimes. And this time around, the world Central Banks are already leveraged to the hilt having spent virtually all of their dry powder propping up the markets for the last four years. Again, this time it is different. I realize most people believe the Fed can just hit “print” and solve everything, but they’re wrong. The last time the Fed hit “print” food prices hit records and revolutions began spreading in emerging markets. If the Fed does it again, especially in a more aggressive manner as it would have to, we would indeed enter a dark period in the world and the capital markets.

There are a nine prevalent myths and false arguments that bankers and their puppet commercial investment firms have used to precent people from buying physical gold and physical silver over the years