I just finished reading the best-selling Coming Apart by Charles Murray. I confess to not having heard of the book until I saw it in the store, but the cover of a champagne glass and a crumbled beer can instantly suggested to me that I was going to enjoy this new examination of the United States and its sociological disintegration of the past half-century.
Today, almost every financial journalist that is published in the mainstream media prefers to be steered by their controlling interests into being a “cleaner”, scrubbing clean the facts and hard evidence of every financial crime scene and of inherent risks that lurk everywhere, and instead, opting to present a rosy, unrealistic, fantasy outlook of stock markets and the global economy.
An economic fiasco, a political football ... and (quietly) a growing export product in a declining market.
The coming years will be marked by a seismic change in the economic landscape in the US. Firstly and most importantly, we are going to see economic growth slow down dramatically. The reasons for this slow down are myriad but the most important are: 1) Age demographics: a growing percentage of the population will be retiring while fewer younger people are entering the workforce. 2) Excessive debt overhang.
With a gentleman I am always a gentleman and a half, and with a fraud I try to be a fraud and a half.--Otto von Bismarck
I feel almost inclined to apologize for the number of times I trot out the gold bugs index analog, but - - well - - I think it's important. Week after week, this analog has held together and strengthened itself. Here's a grid chart comparing the 2005-2008 period (top) to the recent market history (bottom):
No sweet deal for you.
Foreclosure Fraud Settlement Documents Released, Read Them Here
Folks, this is a DE-pression. And those who claim we’ve turned a corner are going by “adjusted” AKA “massaged” data. The actual data (which is provided by the Federal Reserve and Federal Government by the way) does not support these claims at all. In fact, if anything they prove we’ve wasted money by not permitted the proper debt restructuring/ cleaning of house needed in the financial system.
70% of all Ground Beef Contains "Pink Slime" ... and USDA Bought 7 Million Pounds of the Stuff for School LunchesSubmitted by George Washington on 03/11/2012 03:39 -0500
While usually prepared to rant and rave about how misleading the SA numbers, this month, Lee can't.
Injection will have its desired affect.
Germany just launched a €480 billion fund that it will use to backstop its banking system should a Crisis hit. And in the fine print, which no one has caught,... the fund will also allow German banks to dump their EU sovereign bonds... as in German banks' PIIGS/ EU exposure disappearing in an instant. So... why would Germany do this?
China is trying to tell you something, are you listening?