Because there will be no shortage of bloggers talking about the mid-term elections today, Asylum Watch will offer up some other insanity, about which you need to aware. The doldrums of the Great Recession are still with us nearly five years after we were told the economy had returned to recovery mode. The Federal Reserve […]Read more "“Punishment Interest” _ A Sign Of The Times"
The title of today’s post is a refrain we’ve all heard countless times in one context or another. When that context pits the government or a pseudo-government agency like the Federal Reserve against you, the taxpayer, the ‘somebody” that pays is always you. If this story run by the Wall Street Examiner doesn’t make you […]Read more "Somebody Is Going To Have To Pay For This!"
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"
This humble observer of the asylum we all have to live in believes the answer to both questions is no. The percentage of people, who care enough to seek the truth or who will accept the truth and act on it when exposed to it, is too small. The percentage of people who take their […]Read more "Does the truth matter anymore? Does voting matter anymore?"
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."
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?"
When the Founders were designing this constitutional republic with a federal government having very limited and enumerated powers, they included in their design a balance powers between the three branches of government. They did not plan for a fourth branch of government, a central bank, that would turn out to have limitless power. Okay. Yes, […]Read more "Is Fed Policy Going To Take The Asylum To A New Level Of Insanity?"
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"
You’ve probably never heard of Andrew Huszar. I had never heard of him before either until I read his article in yesterday’s Wall Street Journal (thanks to BadBlue News). From the article we learn that Mr. Huszar worked for the Federal Reserve for seven years until early 2008 when he left to return to the […]Read more "Wow! Central Banker Apologizes To America!"
The federal government’s debt has now reached the new threshold of $17 trillion. This graphic found at Richochet via Bad Blue is not very scientific but it does illustrate where our nation stands very well. That is a scary graphic, isn’t it? But, conservatives/libertarians can stop worrying (they are the only Americans who do worry […]Read more "Democrat Congressman Has The Solution To America’s Debt Problem"