recession

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Western ‘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 | | 3 comments | Continued
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‘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 | | 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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California 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 | | 4 comments | Continued
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Why 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 | | 3 comments | Continued
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Economic Rape of Europe Nearly Complete, Part III

In this installment I will focus on the second strategy for completing the looting of Europe. It is a mere two-word phrase, and arguably the most-odious two-word combination in the realm of 21st century economics: “loss guarantees”. It is the ultimate form of “welfare” for both the banker Oligarchs and the bond parasites

28Jul2011 | | 2 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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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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