There is no economic recovery. The recession never ended, it merely got covered up in the flood of liquidity provided by the Fed. In an attempt to convince the public that the economy has regained its health, the Administration and its supporters spin and lie about the true condition of the country. Recessions do not end when the participation rate [...]
economy
standard The Ides of March
Economists are trained to never give a date and a number. That way, a forecast can never be wrong. Jack Kelly in this piece in Real Clear Politics violates this rule. He is a journalist and apparently has not learned the weasel techniques of economic forecasting. I agree with his overall outlook, but don’t know whether his prediction will be [...]
standard How The US Paper Tiger Crumbles
The Statists who take pride and comfort in the US being the world’s foremost military power (which others see as bullying) seem not to notice how unsustainable this condition truly is. History teaches us that all empires die from within. All extend themselves beyond what they can support. The US is no different. Nations before and after Rome rose and [...]
standard Global Economic Meltdown Near?
There is little to add or needed for this new list provided by Michael Snyder. As usual, he has provided a scary view of what likely awaits us: 20 Warning Signs That a Global Economic Meltdown is Near Guest post by Michael Snyder Have you been paying attention to what has been happening in Argentina, Venezuela, Brazil, Ukraine, Turkey and China? [...]
standard Economic Collapse — Glass Half-Full?
The following reaction came from a reader in response to Economic Disaster Coming Our Way. Monty, all these fact and figures certainly are frightening but there are some positives such as rapidly diminishing reliance on foreign energy supplies, a still reasonably educated and industrious work force (try setting up a sophisticated manufacturing plant in Mexico, Brazil, or even France and getting [...]
standard Economic Disaster Coming Our Way
I get tired of preaching economic disaster and I am sure readers are just as tired of reading about it. Yet, it is coming regardless. The disaster will be of such importance that one cannot overemphasize it or warn too often about it. It will be a disaster of unprecedented scale. My approach in discussing the on-coming economic disaster is [...]
standard Dracula, Gold and Government
For those interested in gold as a hedge against inflation and uncertainty, be aware that gold is manipulated for political purposes. The manipulation is illegal, but as so many other government actions, it has become accepted as a normal and necessary course of business. As conditions worsen for those in power, legality is less important than survival. The State is a fraud [...]
standard More Evidence of the Economic Hustle — The Retail Industry
Readers of this site know what I think of the economic recovery. There ain’t one! James Quinn provides his take on retail. Let’s begin with one of his graphs: The bars go the wrong way in the two graphs above. This is not a recovery. It looks like a train wreck in progress. The country is over-malled and over-retailed compared [...]
standard More Evidence Of The Housing Hustle
The degree of cheerleading in the media, accompanied by doctored economic statistics by the Administration, is all an attempt to convince you that the economy is getting better. It is not! It is not even close to getting better. Isn’t it amazing that we are talking about an economic recovery almost five years after the recession was declared over? Recoveries [...]
standard QE Cannot Stop
Zerohedge.com showed this chart of US Treasury holdings through November 2013: Over the course of a year, the two major holders of Treasuries not named the Federal Reserve increased their holdings by about $200 Billion. China and Japan purchased about 20% of new US government debt. The Fed purchased 2.5 times what they did. The other entities shown on the [...]
standard USA! USA! We’re Number 12!
The United States was founded upon a set of principles. Foremost among those principles was the notion that basic rights flowed from a Creator and not from government. The formation of a government was undertaken by our Founders knowing the evil that it potentially presented to Creator-granted rights and liberties. To combat this danger, they provided one of the greatest [...]
standard Truth Dies First
Integrity and truth are gone in this country, at least with respect to government honoring either. The economy is in shambles yet government insists on telling us that we are in a recovery. Government statistics appear to be routinely manipulated in a fashion to make things look better than they are. If there is a recovery (there is not!), it [...]