Archive - Jan 17, 2013 - Blog entry

Today, Jeff Currie, Goldman Sachs chief commodity strategist said he wouldn’t be surprised if we woke up in summer with $150 oil. Well, I would, and here is why.

ESF is a doghouse account that has collected well over a hundred billion dollars over the past decade from undocumented workers.

“Repression” is what Dallas Fed President Richard Fisher called “the injustice of being held hostage to large financial institutions”

The great global rig of 2012 is ending. Central Banks used up their last remaining ammo trying to convince the world all was well. What ahppens when the markets call their bluff?

Military Recruits Young People Through Misleading First-Peson Shooter Games

The unraveling of the Ponzi Burrito begins...

For the Gov't to maintain its power and control over a growing population that has pockets of civilians who are using the advances we have in technology to share and collect information in an effort to fight the on-going information battle, it will need to restrict its citizens in another manner.  So far the intelligence of the average American has been wittled down.

In this piece, I re-examine what many economists call "financial repression" and I find it to be sorely lacking as a description of what is happening. I also look at a related concern about the loss of central bank independence. Color me skeptical.