USA Dominates The Rest of World — In Debt

The US continues to decline economically relative to some parts of the world, most notably those in Asia. Yet we still lead in many areas. Unfortunately being number one is some categories is not a good thing. The level of debt is one of these areas. Our debt burden leads the world. The first chart below shows that three years [...]

The One-Hour Meltdown

A collapse is coming. When it occurs, it will be sudden and instantaneous, much like a light switch being flipped. Most people writing about the effects of an economic and financial collapse focus on the big picture, describing the devastation that will be incurred at a macro level to the economy. Sovereign debt, private debt, financial systems, law and order [...]

Sovereign Weakness Everywhere

Recognize that ratings agencies are subject to political and other pressures. Their performance in the sub-prime debt crisis was criminal. With that in mind, imagine the political pressure to keep sovereign ratings overstated. Nevertheless, this chart looks dismal in spite of this pressure: A slightly larger version of this chart can be found at Zerohedge. It should also be pointed [...]

Barack Obama Tells You To Vote For Whom?

When you go to the polls, the following quote should guide you in making your determination: The fact that we are here today to debate raising America ‘s debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial [...]

Deja Vu All Over Again

This post was resurrected from April 2011. The assessment of the economy then is similar to today. The underlying problems still remain and the country is facing another debt limit crisis. The political class thought they had kicked this next debt crisis beyond the election, but they have spent more than they thought possible. Hence, here we are again. It [...]

Common Sense Video — The Fed Has Just Screwed You

Peter Schiff expounds on last week’s Fed action of unlimited money printing. He puts Ben Bernanke’s desperation into perspective. His policy actions are not original and they are absurd based on what we have just gone through.  The economy will not improve, inflation will accelerate and the dollar will collapse. The best that Bernanke can hope for is another housing [...]

More Sub-Prime Loans

Our entire economy is one big Potemkin Village. Nothing is as it appears — just the way politicians want you to see things. Jim Quinn reports on the latest economic/political scam — auto sales: Have you heard the news? Auto sales are booming. Total sales for the month of August were 1,285,202 vehicles, according to Autodata Corp, the highest monthly [...]

Obamanomics in Four Charts

Doug Ross has provided a simple four-chart summary of what has happened under Obamanomics. You might want to show these to your liberal friends and ask them for an explanation. If you know someone disconnected from politics, unmotivated to vote, or otherwise sitting on the fence, please share with them the following four graphs. And then ask them one simple [...]

Bob Woodward Inadvertently Confirms The Coming Economic Apocalypse

Bob Woodward has yet another book coming out and the consummate Washington insider provides us with a glimpse of what’s in it. In doing so, he inadvertently confirms what so many internet pundits have been warning about — an economic catastrophe of unimaginable proportions. In the article in the Washington Post Woodward describes the debt-ceiling confrontation between Congress and the President. It [...]

Euro as Dodo Bird

Don’t count on the survival of the Euro. It was a Frankenstein-type creation in the first place, forced by the political elites who wanted to expand their power base. That done, the fissures and cracks began almost immediately. Now, we are on the verge of a complete break-down, one that is unavoidable no matter how much political gobbledegook is used [...]

Egon von Greyerz On The Economy

An economic and investing outlook by Egon von Greyerz is worth listening too. It takes a minute or two for the interview to begin. Mr. von Greyerz discusses the economy, the dollar, interest rates and gold. Egon von Greyerz Interview – King World News