Sometimes the messenger is easy to dislike, in which case the message is ignored and the messenger becomes the issue. A recent example was the billionaire real estate mogul, Jeff Green, was interviewed by Bloomberg at the Davos _World Economic Forum where he had this to say: America’s lifestyle expectations are far too high and […]Read more "Don’t Take It Out On The Messenger"
And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale. Letter from Thomas Jefferson to John Taylor, May 28, 1816. H/T to Robert Gore of the […]Read more "What Thomas Jefferson Knew That Paul Krugman Never Learned"
The Doug Ross @ Journal frequently features a segment called Larwyn’s Linx, which is a list of article links that he thinks his readers may be interested in reading. The other day I clicked on one of the links and it took me a site called Woodpile Report. I’m so glad I did. Woodpile Report is […]Read more "The State of the Union according to Ol’ Remus"
That’s $205 followed by 12 zeros. It’s a number so big that the average person can not wrap their mind around it. And, that’s okay. The only thing a person needs to understand about a $205 trillion hole is that there is no way to climb out of it. None! So, where does this huge […]Read more "How Big Is A $205 Trillon Hole?"
Like Monty Pelerin said in a recent article, I too am tired of writing about the on-coming economic disaster and I worry that you, dear readers, grow weary of my rants. I am not a trained economist. I have no special talents in that arena. However, I am an engineer, which is a way of […]Read more "The Time To Pay The Piper Is Coming!"
The title of today’s post is my humble attempt at taking “artistic” license with the title of an outstanding article at Monty Pelerin’s World, Economies Don’t Die. By quoting extensively from this article, my hope is that you will be encouraged to read the entire essay. I have never seen a more clear explanation of what […]Read more "The Premeditated Murder of America’s Economy"
The last time Chicken Little (the banking interests) claimed the sky was falling was when Allen Greenspan, Ben Bernanke, Hank Paulson, and Tim Geithner made the claim in 2008 to President George Bush and Congress that because the sub-prime mortgage bubble had burst the taxpayers would have to bailout the banks or the whole […]Read more "The next time Chicken Little claims the sky is falling, the sky will be falling!"