Archive - 2014 - Blog entry

Why hide inflation? Well for one thing, understating inflation allows you to overstate GDP growth.

"Based on the findings of the report, my conclusion was that this idea was not a practical deterrent for reasons which at this moment must be all too obvious."

Banking operations globally, including ATMs throughout the world, are threatened as support from Microsoft for Windows XP operating system will end from Tuesday, April 8. More than 95% of ATMs also run the operating system. The financial system remains vulnerable with much unappreciated technological and systemic risk ...

“Often when you think you're at the end of something, you're at the beginning of something else.” ? Fred Rogers

Why Mainstream Economists Like Krugman Are So WRONG and So DANGEROUS

BEVERAGE AND KEYBOARD WARNING...

Is Nutz...

Russian Foreign Minister Sergei Lavrov told U.S. Secretary of State John Kerry that Western sanctions over the Crimea dispute were "unacceptable" and “will not remain without consequences." Geopolitical risk shows the importance of owning gold as a hedging instrument and safe haven diversification. As does Yellen's confirmation today that she is going to "print baby print".

Since 2007, the world’s Central Banks have collectively put more than $10 trillion into the financial system since 2008. To put that number into perspective, it’s equal to roughly 15% of global GDP.

As Putin rejoices at his new-found wealth in Crimea after it was annexed (in a duff referendum where there was either ‘now’ or ‘later’ up for grabs to join the Russian Federation), the USA is wiping its tears with things that are closer to home and causing a great deal more grief than far off Ukraine. 

Nearly 40% of China lives off of $2 a day. Your average college graduate in China makes just $2,500 per year. In an economy such as this, a rise in prices in costs of living can be devastating for the population.

Computer programs are obsolete before they even get put on the market and it’s been that way for years now. There’s also the added bonus of actually making sure that the buyers keep buying and always want the latest. 

Called the President...

Yes, They're Doing It To Americans As Well...

Like any Ponzi scheme, China growth has topped out and it's all the runners of the con (Chinese Government) can do to keep investors from pulling out of the game