public debt
Preemptive Strike Against Precious Metals Nears End
While we all know never to say “never” in this market, it appears that the latest operation has neared its expiry date. Put another way, it does not appear feasible that the investment community could remain “witless” enough not to fathom the impact of more, massive money-printing.
19Oct2011 | JeffNielson | 0 comments | ContinuedEconomic Justice Equals Prosperity
The Occupy Wall Street movement is the first, tentative step in a process which 2,000 years of history teaches us is absolutely inevitable. Whether it is this movement which (eventually) facilitates real, equitable changes in our economies, or whether it is ultimately replaced by something bigger and better, the “message” which these people are sending is simple: the pendulum of history has begun to swing back.
17Oct2011 | JeffNielson | 3 comments | ContinuedThe 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 | JeffNielson | 0 comments | ContinuedWestern ‘Pension Crisis’ Reflects Investment Incompetence
Proving that you can always “make a bad situation worse”, the administrators of pension funds have also mirrored the incompetence of most mainstream financial advisors – who have gone from being architects of “wealth creation” to the implements of “wealth destruction”.
6Sep2011 | JeffNielson | 3 comments | Continued‘Unsinkable’ Gold
A solvency crisis is an economic nightmare several orders of magnitude worse than a mere deflation. In a solvency crisis, “deflation” implies nothing less than bankruptcy… In an ordinary deflation, “cash is king” (even arguably worthless paper currencies). However, in a solvency crisis “cash is trash” unless that cash is directly backed with precious metals.
29Aug2011 | JeffNielson | 0 comments | ContinuedCrumbling 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 | JeffNielson | 2 comments | ContinuedCalifornia is Bankrupt
Since California will never/could never have any “surplus” revenues to pay off these warrants they are nothing but a blatant fraud. In the “real world” we already have a term for such fraud: “kiting a cheque”. It is the last resort of all deadbeats – just before they declare bankruptcy.
12Aug2011 | JeffNielson | 4 comments | ContinuedWhy 2011 Is Not 2008
With many investors now having descended back to full-fledged “panic mode”, we explain why 2011 could never be another event like the Crash of ’08, as the nature of any such crash would be remarkably different.
8Aug2011 | JeffNielson | 3 comments | ContinuedThe 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 | JeffNielson | 7 comments | ContinuedEconomic Rape of Europe Nearly Complete, Part IV
The ultimate goal of these ruling Oligarchs is nothing less than the full, economic integration of Europe. Not only would this bind every European citizen to the debts of all the individual Euro states, but once full economic integration had been achieved then Europe’s wealth could be plundered as a single entity – much more efficient than their current nation-by-nation looting.
1Aug2011 | JeffNielson | 0 comments | Continued