{I}n a country (and world) drowning with debt, there are only two options to extinguish said debt: inflate it away or default. Anything else is kicking the can while making the problem even worse. Zero Hedge It was none other than the renowned free market capitalist, Milton Friedman, who first postulated the idea that the […]
Read more "Free Money Dumped From Helicopters __ An Idea That Won’t Go Away"Brian of the Frankenstein Government blog brings us today’s Guest Saturday post. He originally published this essay on July 10, 2014. *********** Calling Mr. Yellen The fundamentals of project management provide that any project manager worth a shit- is far too intelligent to take over a half completed project that is already vastly over […]
Read more "“Calling Mr. Yellen” an essay by Brian"Reserve currencies don’t remain reserve currencies forever. This fact is clearly demonstrated by this graph attributed to J. P. Morgan, which, I snagged from the Global Economic Warfare blog. The so-called developed nations agreed in 1971 that the U.S. Dollar would become the primary reserve currency and most world commerce, as a result, […]
Read more "Reserve Currencies Come and Reserve Currencies Go. The Dollar Too Will Go!"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"President Obama, flying under the radar as he often does with the help of the MSM, is taking steps to raise your cell phone cost and steps to insure your costs for food and fuel will skyrocket. (Remember that food and fuel costs are not included in the governments calculation of inflation,) And, as is his […]
Read more "Your Cost Of Living Is About To Go Up _ You Can Thank President Obama"Today’s Guest Saturday post comes to us from Brian at the Frankenstein Government blog. Brian is not too sure the Chairman of the Federal Reserve knows what he is doing. He originally published his essay on April 18, 2013. ************ What If Bernanke Had It Dead Wrong? Or perhaps even worse, it’s all been a […]
Read more "“What If Bernanke Had It Dead Wrong?” an essay by Brian"I’m not uying that three negatives make a positive. But, Ben Bernanke thinks so and he is much smarter than I am. From reading his profile at Wikipedia, I learned that Ben was class Valedictorian of his highschool. His highschool didn’t teach calculus, so he taught it to himself. He did his undergraduate studies in […]
Read more "(QE 1)+(QE 2) +(QE 3) = ??? Do Three Negatives Make A Positive?"At Real Clear Politics the other day, I came across an article by economist, Arthur Laffer in the Wall Street Journal. the same Arthur Laffer whom developed the Laffer Curve during the Reagan administration. As I often do, I scanned the article and bookmarked it as a possible source for a post. Then this morning […]
Read more "Economic Statistics _ Some Matter and Some Are Deceiving"I am disturbed by some of the things I am reading in some conservative blogs. I’m talking about those who ridicule libertarians in particular for “throwing away” their votes. The insinuation is that if Obama is reelected, it will be their fault. I do not agree with that way of thinking. I have the utmost […]
Read more "Don’t Blame Third Party Voters If Obama Is Reelected"Mr. Bernanke, Chairman of the Federal Reserve, has told us many times that inflation is under control. Yet, we on Main Street don’t see it that way, do we? The Fed’s target for inflation is 2% and even their manipulated calculations put inflation at 3%. I guess missing their target by 50% is Fed speak […]
Read more "Inflation : Is All Well or Is All Hell About to Break Loose?"