testosteronepit's blog
Ruinous Symbiosis Between Congress And The Fed
Submitted by testosteronepit on 11/02/2011 17:37 -0500Even if the congressional panel on deficit reduction comes up with a plan, Congress won't follow through. Because it doesn't have to, thanks to the Fed.
No More Golf or Pizza for the Yakuza
Submitted by testosteronepit on 10/31/2011 21:23 -0500New laws that put the screws to organized crime in Japan by slapping at its victims are already wreaking havoc in business.
Another Eurozone Country Bites the Dust
Submitted by testosteronepit on 10/29/2011 14:32 -0500Real estate is Cyprus' national sport sponsored by dumb money—foreigners. But now it's unraveling the finances not only of expat owners but also of the banks and the government.
The Inexplicable American Consumer Strikes Again
Submitted by testosteronepit on 10/27/2011 18:34 -0500Consumer confidence indices collapsed to levels not seen in years or even decades. Yet the toughest, most indefatigable creature out there struck again.
A Dysfunctional System That Bankrupts A Generation
Submitted by testosteronepit on 10/26/2011 17:08 -0500Tuition did it again: up 8.3%. For many students, the increases are even steeper. Student loans cover much of it, though loan balances already exceed $1 trillion. It's the system.
Just Say No, Germany ... and Don't Listen to Geithner
Submitted by testosteronepit on 10/24/2011 19:10 -0500The German parliament has a historic opportunity to say no to the bankers and stop the madness....
Regulators Knew of Dexia's Problems But Were Silenced
Submitted by testosteronepit on 10/21/2011 21:50 -0500When a bank collapses, the lies behind its financial statements come out of the woodwork. And now a damning report by French regulators surfaced.
Tough Day For Our Calamity Economy
Submitted by testosteronepit on 10/19/2011 19:25 -0500Ugly numbers speak volumes on how Fed policies hurt the economy. But those policies enable Congress and the White House to run up deficits that make the Eurozone look benign.
France and Germany Kiss and Make up, But It's Hard
Submitted by testosteronepit on 10/18/2011 00:14 -0500The Eurozone debt crisis gets worse. Bankers interfere. And the truth comes out: "The dreams to see the crisis ended by Monday couldn't be realized," says the German government.
Greece's Extortion Game
Submitted by testosteronepit on 10/14/2011 19:43 -0500"Tax fraud is a national plague," said Greece's finance minister after he found that Greeks owed $50 billion in back taxes. But it's complicated....
Where the Heck is Ron Paul?
Submitted by testosteronepit on 10/11/2011 14:49 -0500The Media Boycott Heats Up.
The China Bubble Makes Contact with A Cactus
Submitted by testosteronepit on 10/10/2011 18:08 -0500Bubbles, especially if supported by governments and central banks, wreak havoc when they burst. And in China, there are new ominous signs.
When False Premises Become Economic Policy
Submitted by testosteronepit on 10/09/2011 21:49 -0500Dire numbers prove that running up deficits and printing trillions can't create a healthy economy. Yet, inexplicably, it's what the status-quo media continue to propagate.
Geithner: The Truth Could Cause Significant Damage
Submitted by testosteronepit on 10/06/2011 19:10 -0500Geithner frets that the crisis in Europe could undermine confidence. But if confidence isn't based on facts and transparency, it's a con game.
Greece 'Finds' Treasure, Stays Solvent For Another Month
Submitted by testosteronepit on 10/05/2011 12:19 -0500Financial shenanigans by the Greek government don't surprise anyone anymore ... until there's something that surprises everyone.
