economy

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The Two Sides of Precious Metals Propaganda

Propaganda is a form of control. To maximize that “control” it is just as important to dominate the bullish commentary on precious metals as it is to “lead the choir” on the bearish side. Thus the propagandists are highly motivated to get you to believe them about what is “causing” gold and/or silver to go higher on days the metals are rallying.

20Jul2011 | | 4 comments | Continued
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Rhetoric on U.S. ‘Deficit-Reduction’ is Nonsense

Here is what is really taking place at the political circus in Washington. Republicans and Democrats are (supposedly) negotiating to reduce a small portion of future U.S. deficits, totaling $4 trillion over a period of many years. Suddenly this “Grand Bargain” doesn’t sound quite so grand, does it?

19Jul2011 | | 2 comments | Continued
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Central Banks Unanimously Prefer Gold Over Paper

(Despite what Bernanke says, ) all of the world’s foremost experts on “money” are showing a 100% preference for one kind of money: gold. The message from the world’s central bankers is absolutely unequivocal: only chumps would choose to hold paper over gold.

19Jul2011 | | 3 comments | Continued
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Fiscal Suicide, Part II: A Swirling Motion

Medicare cuts (or lack thereof), government-sourced personal income, emergency loans to the states, and more. Russ discusses how it is hard to see how we’ll get by without some of this being renewed — and none of it is factored into the deficit projections.

19Jul2011 | | 0 comments | Continued
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Fiscal Suicide; The Point of No Return

The bottom line here is that the gravy train of no accountability, no consequences spending is over.

19Jul2011 | | 1 comment | Continued
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U.S. Greater Depression Accelerates

The various (terminal) structural defects in the economy, and near-infinite debts have made net U.S. economic growth totally unattainable. The faked “recovery” trumpeted by the U.S. propaganda-machine was never plausible to anyone viewing long-term charts… I give it no more than a month before B.S. Bernanke’s latest “exit strategy” once again morphs into just more money-printing.

15Jul2011 | | 7 comments | Continued
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The Real Reason Hitting The Debt Limit May Mean Social Security Checks Stop

This one may not be about politics: there is a good legal and economic reason Social Security is put in jeopardy by hitting the debt limit.

14Jul2011 | | 11 comments | Continued
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U.S. Small Businesses Face Extinction

Over the past 15 years, almost 2/3 of all net job creation in the U.S. has come from small business. With the various levels of U.S. government accounting for basically all of the rest of the new jobs in the U.S., this means that medium- and large-sized businesses have done nothing for the U.S. economy over the past 15 years. Despite this glaring dichotomy where we see small businesses producing all of the positive business activity in the U.S. economy while mid-sized and large businesses have contributed nothing, U.S. tax policy is punitive in the extreme toward small businesses (and their owners).

13Jul2011 | | 5 comments | Continued
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Economic Forecasts: Lies or Idiocy? Part II

The immediate propaganda objective of pretending that there is a “U.S. economic recovery” underway has nearly exhausted its own shelf-life. Undoubtedly there will be a new initiative which replaces it – with the twin objectives of attempting to preserve the banksters’ paper empire while continuing to deceive and placate the masses. I can only hope that when the next barrage begins that the timeless wisdom of Shakespeare will help to shield readers from its insidious effects.

8Jul2011 | | 3 comments | Continued
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Economic Forecasts: Lies or Idiocy? Part I

Contrary to the “wisdom” of mainstream experts and economists, the economic fundamentals for a nation are ultimately no different than those of an individual household. If I owe $1 billion, then there is nothing “sensible” about assuming that my personal finances will experience “mean reversion” – i.e. one morning I will wake-up and magically discover that everything is “back to normal”.

6Jul2011 | | 0 comments | Continued
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