Tag: Insolvency
Common Sense Video — The Coming Collapse
Readers of this blog will find this video a repeat of themes which have been discussed here for over three years. It may be useful for regular readers to review the conditions which ensure an economic collapse. Each person interviewed agrees that a collapse is coming. There is only disagreement, and little at that, regarding [...]
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 [...]
Kryptonite? No, Just Basic Math
Doug Ross expands on my recent piece regarding the bankruptcy of government and how that will destroy the country. I particularly enjoyed the image below. Kryptonite to Democrats You and I know it as math. Monty Pelerin, writing at American Thinker, offers some sobering factoids that highlight how desperate a fiscal situation the United States is in. • [...]
Free-Riders And The Outlook For The US Economy
In the Weekly Standard, Irwin M. Stelzer provided his opinion on the range of likely economic outcomes which he characterized as “gloomy, gloomier, and gloomiest.” Optimists likely dismiss Mr. Stelzer’s taxonomy as overly pessimistic. Pessimists likely accept his alternatives. Some consider him optimistic. Of the three scenarios painted by Mr. Stelzer, the following comes closest [...]
There Is No Way Out
It is nearly impossible for the average person to comprehend the damage the US government has done to the economy. Regulations have harmed business (and consumers). The welfare state is sapping the energy from the productive sector. Growth is below par and will continue to under-perform in terms of historic norms. The standard of living [...]
Measured Properly, Things Are Much Worse Than You Are Being Told
Little the government does is efficient or effective. As this becomes more apparent to increasing numbers of people, government resorts to propaganda and lies to hide the true condition. Nowhere is this duplicity more prevalent than in the reporting of economic information. Anyone with above a room temperature IQ marvels at the claims that employment [...]
Greecian Formula Coming To The U.S.
Phoenix Capital Research refutes the political propaganda that the US is in a recovery with five damning charts so simple to understand that even a “media caveman” should be able to understand. If five pictures are not enough to convey the problem, PCR also uses words: Folks, this is a DE-pression. And those who claim [...]
Atlas Doesn’t Shrug; Atlas Shrinks
Despite all the media hoopla and propaganda regarding how well the recovery is progressing, there is little reason for optimism. Most of the claimed improvements do not hold up beyond the deliberately misleading headlines. This is especially true of claims pertaining to economic growth, employment or the European problems. The US marches inexorably toward its [...]
The Destruction of The US Economy is Assured
The slide toward sovereign bankruptcy and economic collapse continues. The best efforts of politicians and their sycophants in the media to convince you otherwise are being contradicted routinely by the the harsh facts of the marketplace. Their propaganda appears increasingly incredible. The private economy has shown virtually no improvement despite stimuli in magnitudes never before [...]
Argentina May Provide a Road Map
Is Argentina the model for what will happen in Europe and the US? Perhaps, and why not? When things get desperate there are only so many options. Here is Bill Bonner’s short summary of what occurred in Argentina: In 2001, the country was deeply in debt. The government was out of money. And the currency [...]
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RICHARD RALPH ROEHL
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