“Don’t Ask, Don’t Tell” may not be policy in the military any longer when it comes to a soldier’s sexual preference; but it is definitely government policy when it comes to reporting on the state of our economy or on unemployment data. When a government agency or the President spouts a glowing feel good statistic […]Read more "‘Don’t Ask, Don’t Tell’ Is Government Policy"
It is Halloween and so it is fitting that we reflect on the zombie companies that ambulate among us because the Federal Reserve (and other central bankers) continues to inject them with regular doses of interest free money (ZIRP), which makes them appear to be alive. “Zombie company” is a media term for a company […]Read more "Zombies Among Us Thanks To The Voodoo Of Central Bankers"
That’s what the Federal Reserve thinks of you folks not living on Wall Street. The Great Facilitator of big government Federal Reserve is finally having to admit that, after six years of printing trillions of dollars and giving essentially free to the too big to fail or trust banks on Wall Street, their Quantitative […]Read more "The economy isn’t growing because you’re hoarding money. Also, if you had any brains you’d get rich."
Census figures show that over a third of Americans are receiving some means tested welfare; i.e., Medicade, food stamps, housing assistance, and other forms of Temporary Assistance for Needy Families as was reported by Fox News in late August. Of course, this is not surprising to anyone paying attention. This so-called recovery which we are told […]Read more "Free Money Ain’t Free"
Unfortunately for the romantics out there, it is not love that makes the world go around. It’s money that makes the world go around, right? Well, if you think of money as those units of currency you carry in your wallet or pocket, then no it’s not actual money. Actual money (currency) is in relatively […]Read more "Doomed by Debt"
This Zero Hedge article suggests that the central bankers are, at least, talking about the idea of a controlled financial collapse. The article includes this quote from the recent annual report of the Bank for International Settlements (BIS); aka, the bank of the central banks. The risk of normalizing too late and too gradually should […]Read more "Are The Central Bankers Planning To Try A Controlled Collapse?"
Today’s post complements yesterday’s post in which we talked about the faux recovery America has experienced since the so-called Great Recession of 2008. Monty Pelerin’s World has posted a graph and a chart that demonstrate clearly why most Americans are having a harder time making ends meet today than they were a decade or so […]Read more "We Feel Poorer Because We Are Poorer"
Catching up on the news after a month wasted not buying a house, I was fascinated to find the MSM touting the great Obama economic recovery. The DOJ industrial average is over a record busting 1700, something like 280,000 jobs were added in June, and unemployment is almost down to 6%. Wow! What’s not to […]Read more "The economy is booming, right?"
If you don’t believe that the American recovery is real, you’re in good company. Well, … not so good company, actually. You see, although President Obama publicly touts that his policies and lawless Executive Orders have America on the right track, after George Bush single-handedly destroyed the economy, he is actually lying about that. In […]Read more "You Don’t Believe We’re Really In A Recovery? What If There Never Is A Recovery For Most People?"
If one listens to the government shills and the talking heads at CNBC the American economy is getting better by the day. Unemployment rates are falling, Wall Street is booming, and housing prices are raising. It is all a bunch of crap and those with two brain cells working know better. Let’s talk about the […]Read more "Housing Market Recovering Or Another Manufactured Bubble"