Archive - Jun 2014 - Blog entry

They sure don't make em like they used to...

It is difficult to talk about the dollar in the abstract, especially when it is falling against the dollar-bloc and rising against the euro bloc.  Dispassionate overview.  

He also DEMOLISHES Intelligence Agencies’ Excuse for 9/11, Confirms They're Recording Our CONTENT, Explains They've Got "Dataddiction" ... and Confirms We're Living In a Police State

That's another fine mess...

This week’s news certainly WASN’T BORING.  Big events and small add up to unfolding CHAOS around the WORLD. This week’s subjects: American Empire on FIRE!,  Out on a LIMB: Credit Unions facing INSOLVECY,  Is rising indebtedness a sign of economic strength?,  Bond YIELDS continue to collapse as the race for yield INTENSIFIES,  George Orwell in Action, Showdown looming at the OK corral!,  Simply UNBELIEVABLE SOVEREIGN credit market action, PHANTOM GDP, Rare INDEED, Must watch video interview with Charles Nenner,European BANKING SYSTEM INSOLVECY

Just when you thought it was safe to stay home...

We all knew just how wrong it was as we sat there and listened to the World Bank going on in January about how world economic growth would top 3.2%. Today the World Bank has downgraded economic growth to 2.8%, which some might say is even over the odds

Self-sufficiency is the deep rooted belief that you can take care of yourself and those around you.

Oh what a wonderful world...

Yesterday, the IMF and World Bank issued warnings about rising interest rates, housing crashes and the global economy. The World Bank’s chief economist is inadvertantly offering important advice to investors and savers when he said that "now is the time to prepare for the next crisis ..."

You better fire up them Teleprompters before Tee-Off time...

Promises, promises! We’ve heard it all before. ‘We’re gonna get you, guys’. We know the song it’s just the words that get changed from time to time, but anyone can hum along to it these days. The bankers, those banksters are gonna get their comeuppance. Trouble is: they never do. It’s just getting boring now.

Many of you probably heard the news yesterday that teachers unions received a nasty (and well-deserved) blow from the Los Angeles Superior Court. So when I was listening to the radio yesterday, and the reporter was saying that California teachers are granted "tenure at eighteen...." I naively assumed the next word was going to be "years." Nope. It was "months." After just eighteen months, these people get what is effectively guaranteed lifetime employment. Even, as in the court's case, the teacher just sleeps at their desk or browses the web.

In order to back the dollars now in circulation and on deposit -- about $2.7 trillion -- with the approximately 261 million ounces of gold believed to be held by the U.S. government, gold prices would have to rise as high as $10,000 an ounce. Who said gold is not money?

The reality is that what’s happening in the US today is not a cyclical recession, but a one in 100 year, secular economic shift.