budget deficit

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Deadbeats ‘Bailing Out’ Deadbeats

Surely even the media drones and market “experts” can understand the concept that one deadbeat with no money cannot (financially) bail out another deadbeat with no money?

7Feb2012 | | 5 comments | Continued
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The ‘Perils’ of a Gold Standard?

A gold standard does not “cause” depressions (governments do). However, at the same time, a gold standard is also not a magical, economic panacea. Specifically, imposing the fiscal discipline inherent in a gold standard will not lead to a good economic outcome in the hands of a corrupt government (i.e. one which governs for the benefit of the privileged few as opposed to the majority).

19Jan2012 | | 3 comments | Continued
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Don’t Blame The Millionaires

There is no reason for the media to be blaming “millionaires” for wealth inequality. Yes, they too have benefited from the lowest tax rates in history for those on top. However, there is a huge conceptual difference between the millionaires (or even billionaires) and the trillionaires.

5Dec2011 | | 5 comments | Continued
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The Battle of the Euro Bond

With only the weak-willed Angela Merkel playing the role of “Frodo” against the “Dark Lords” of Wall Street, the situation could hardly be more dire – or hopeless.

30Nov2011 | | 2 comments | Continued
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U.S. Faces Much Worse ‘Japanization’

An amount of liquidity equivalent to roughly ¼ of the entire global economy has been pumped into Wall Street to prevent the banksters’ fraud-saturated bubbles from deflating. To refer to this as a “post-bubble economy” is like referring to the nation of Japan as being “post-Fukushima” the day after the first meltdown.

1Nov2011 | | 1 comment | Continued
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Confessions of a Liquidity Junkie

…in the anti-rational world of the addict simply feeding the addiction is itself the sole “goal”. This epitomizes the words and actions of not only Mervyn King, but also Federal Reserve Chairman B.S. Bernanke and the dozens of other liquidity-junkies which have infested Europe’s monetary system.

12Oct2011 | | 0 comments | Continued
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The Great Commodities Heist

Bankrupt and near-bankrupt Western governments are stealing billions of dollars worth of various commodities from commodity-producers around the world… There can be no rational/economic explanation for the severe plunges in commodity prices other than the fraudulent manipulation of markets.

3Oct2011 | | 0 comments | Continued
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Crumbling Infrastructure Symbolizes U.S. Economy

Remember all of that “infrastructure spending” which was (supposedly) part of the stimulus package, which in turn supposedly led to a “U.S. economic recovery”? It never happened. Just like the supposed “recovery” itself, it was nothing but smoke-and-mirrors. No recovery, no investment in infrastructure. Only the debts from all that “stimulus” were real.

19Aug2011 | | 2 comments | Continued
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The Two ‘Faces’ of U.S. Debt-Ceiling Deal

Mercifully, it appears that the U.S. debt-ceiling farce has finally ended – with an anti-climactic “thud”. It is only fitting that the two-faced regime which negotiated such an agreement should present us with a scenario which has two distinct interpretations.

2Aug2011 | | 7 comments | Continued
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Such a Deal

So they made a deal… in a week’s time the Treasury will need to hit the market and raise around $150 billion in new cash, with Primary Dealers and other market participants having virtually no advance notice of what type of paper will be sold when. The last time the market faced anything like that was when they were raising money for the TARP in late August and September of 2008, and we know what happened to the stock market then. Splat!

31Jul2011 | | 1 comment | Continued
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