ilene's blog

There are many ways this can end badly and only a few it can end well.

Self-dealing, conflicts of interest, favoritism and arguably fraudulent conduct are not unique to the treatment of auction rate securities during the economic collapse of 2008, for these qualities can be found in everything the Fed touches. But ARSs are one blatant example hardly anyone talks about.

Libyan rebels took time out from their rebellion in March to create their own central bank - this before they even had a government.

The deflating Dollar is the World's Reserve currency at 62% of all the money in the World and growing fast as Ben buys 'em as fast as Timmy can print them and then loans them out to the Banksters, who promptly lever that money 10:1 to buy commodities.

We've been seeing all year that higher input costs are not being passed on to the consumer - that's a margin squeeze! Do you think the people buying the market up to it's 100% levels didn't know this?

A lot of Americans do not like to read about economics, but what has been going on over the last few years has been nothing short of extraordinary.

It’s a scam folks, it’s nothing but a huge scam and it’s destroying the US economy as well as the entire global economy but no one complains because they are "only" stealing about $1.50 per gallon from each individual person in the industrialized world.

If the Fed desists or scales down its Treasury buying, the stark trillion dollar question becomes who will buy them?”

But please don't show these statistics to anyone that is feeling depressed or that has just lost a job - it might push such a person over the edge.

In other market-shaking news, The Bernank says the Fed WILL act if inflation is "more than transitory." Apparently, he finally had to pick up the check at a restaurant this week or perhaps he pumped his own gas over the weekend.

The official story is that Bergman's position was eliminated in a reshuffling at the Chicago Fed, though that excuse feels just as fishy as the Argentina one.

Essentially, we are living in a fraud-based economy but it doesn't seem to be bothering anyone so I guess we shouldn't let it bother us.

The current rally has left some very good companies behind, and nowhere is this more evident than in the technology sector.

The lack of water means the nuclear fuel is unshielded. Its gamma rays are rising into the sky and bouncing off air molecules through a phenomenon called "skyshine."

Sure we will hire more workers for the same total amount of money. This is what is known as the Vietnamization of America,...