media watch
Walker’s “Dying Economy” Resurrects Dead Argument
“It’s the monetary system, stupid” — not computers, eliminating employment opportunities.
13Sep2011 | admin | 1 comment | ContinuedPunditry Aside, Market Crash Is Continued Liquidity Panic
this isn’t a “normal” trading market; it isn’t responding to the “big news” events in a common-sense way (much beloved by omnipresent j-school financial writers), if at all. It is only responding to what is happening with liquidity. And that is clearly draining out. Will we get the same Fed reaction (QE) we got in 2008? Most likely.
8Aug2011 | admin | 0 comments | ContinuedDinosaurs, Dodo Birds, Wooly Mammoths, and Free Markets
Connecting the dots of recent revelations of the Fed’s market manipulations jointly with the money center banks amidst the bailouts, as well as the public oil market manipulation, with evidence of long-running gold and silver markets manipulations and interest rate manipulation through derivatives.
22Jul2011 | RobKirby | 0 comments | ContinuedRhetoric 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 | JeffNielson | 2 comments | ContinuedFiscal 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 | Lee Adler- The Wall Street Examiner | 0 comments | ContinuedFiscal Suicide; The Point of No Return
The bottom line here is that the gravy train of no accountability, no consequences spending is over.
19Jul2011 | Lee Adler- The Wall Street Examiner | 1 comment | ContinuedPaper Bugs at BusinessInsider Attempt To Defend Bernanke
The problem with these anti-gold sentiments is, firstly, that they distract from the central issue with fiat currency: its structural (by design) inability to preserve value. In fact, that is why I prefer to call them a “currency” and not a “money”… [further, ] we actually now have, in some of the most important markets in the world, gold once again functioning as a medium of exchange. How quickly we forget the BIS gold swap intrigue from last year…
16Jul2011 | admin | 2 comments | ContinuedU.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 | JeffNielson | 7 comments | ContinuedThe 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 | admin | 11 comments | ContinuedEconomic 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 | JeffNielson | 0 comments | Continued