recession

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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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Federal Withholding Tax Data Says US Already In Recession

Lee Adler looks at tax withholding data and finds an ominous sign that the economy may have dipped into recession again. See his charts and arguments and decide if you want to believe the Mainstream Financial Media or your own lying eyes!

28Jun2011 | | 2 comments | Continued
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Bankers Declare War on Commodities

The only rational response to the plunge in the price of oil for other commodities markets would have been for them all to rally sharply. The fact that commodities did not rally (but in fact moved sharply lower) indicates that it is in fact the bankers who were behind this assault on the oil market. This can be demonstrated in more than one way.

24Jun2011 | | 0 comments | Continued
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Federal Tax Receipts Show Economy Grinding To A Halt

The one month moving average of daily withholding tax collections is at about the same level as last year. May’s gains have dissipated. The 13 week moving average is sinking fast and should be hitting bottom now. It is at roughly the same level as last year. Normal seasonality has a flat period through Q3, with a drop into the low in September/October. If this graph drops below last year’s level from here, then the economy probably is in free fall. That would be very bad news in terms of the levels of debt the Treasury must float in the months ahead.

17Jun2011 | | 0 comments | Continued
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The False-Flag Attacks on ‘Speculators’

The media attacks on “speculators” continue unabated. The goal: to demonize commodities-investors in the eyes of the deluded masses, to punish then with malicious regulatory actions (like that perpetrated by the CME Group in both the silver and oil markets), and ultimately to try to bully these people into letting go of their (safe) commodities – and returning to banker-paper, where the bankers can then continue their relentless stealing-through-money-printing.

14Jun2011 | | 0 comments | Continued
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Growth in Despair the Only U.S. ‘Growth’

Now, as the U.S. economy is quite obviously turning lower again, Americans are finally shedding their “rose-coloured glasses” and beginning to view the U.S. economic nightmare for what it really is. That conclusion is strongly reinforced by the following statistics…

9Jun2011 | | 0 comments | Continued
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11 Important Points “Deflationists” Miss (And Why They’re Wrong)

by Aaron Krowne Founder, ML-Implode.com Many have generated ample prose lately in the latest rumble in the deflationist/inflationist street brawl (a debate still largely ignored by the mainstream media, which continues to broadcast little besides the “Carry On, All Is Fine” message).   So I won’t add any more to that prose.  But I did want […]

6Apr2011 | | 6 comments | Continued
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Japanese Contemplations

by Aaron Krowne Some things to ponder regarding financial ramifications of the continuing disaster in Japan: As of today, the Bank of Japan has “quantitatively eased” (printed) $700 billion worth of new money into the Japanese financial markets to stabilize them. The worst rebuilding cost estimates I’ve heard to date are $60-120 billion equivalent. Isn’t […]

18Mar2011 | | 0 comments | Continued
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Governments’ Fiat “Cash” Funds Do Not Merit Public’s Trust; Demonstrate Need For Sound Money Options

… despite the recent history of the subprime crisis, credit crunch, and economic downturn, most governments officials don’t seem to care, and still not more than a fraction of a percent of public funds are in classic sound money equivalents. Below I provide a brief history of money market/cash fund crises in the US, which undermines this insouciant attitude.

6Mar2011 | | 0 comments | Continued
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