Virtually every Western democratic government is insolvent. And governments utilized the same practices as General Motors to reach this point. In GM’s case, poor management was exposed by Honda, Toyota [...]
New York Times
No End to Economic StupidityWe know there is virtually no business experience amongst the President’s advisors. That has been documented in various places. Yet that could have been inferred from the number of wrongful [...] |
Government SachsBill Bonner is one of the more incisive and entertaining writers. His post below ostensibly deals with Greece but has warnings that should be heeded for the rest of the [...] |
International Currency System Nearing a Breaking PointThe strains on the International monetary system are increasing. This system was never sustainable. It replaced a system that had broken down. And that system had replaced another phony international [...] |
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The Legend Of Bagger Obama“… you don’t ever know where he comes from or where he’s going.” It is 2008. An unknown figure steps from the mist. No one knows his background. There is [...] |
How Not to Fix Housing CrisisThis post is older, but classical in its approach to the housing crisis. It sheds light on how the crisis started and grew, and why government intervention will hurt rather [...] |
Stansberry: Bankruptcy of the US is Now CertainThis article concludes, as did my recent post Spiraling to Bankruptcy. that the bankruptcy of the United States is now inevitable. Porter Stansberry approaches the topic from a different angle, [...] |
Wisdom: To Whom You Listen Is ImportantHistory Only Rhymes; Optimism Always Repeats As we move through life, day by day, it is difficult to see the history that is being made. There are exceptions, Pearl Harbor, [...] |
Another Failed PresidencyFrom my post on American Thinker. For the past couple of months I have worried regarding the risks of a Failed Presidency. No one should want this, regardless of party [...] |
Geithner Coming Under Attack, Finally!Image via Wikipedia A similar view to the AIG-Geithner post made earlier where I stated: “It seems to be that Tim Geithner, with regard to this matter, was either incompetent [...] |
Geithner Fails, Gets Promoted and Taxpayers get ScrewedImage via Wikipedia Image via Wikipedia Barry Ritholtz, in a post entitled Special Inspector General: NY Fed Screwed Up AIG Bailout, argues that the government can’t seem to get it [...] |
Political Turnaround Specialists NeededImage via Wikipedia “We stand on the brink of a financial challenge of unprecedented magnitude in the history of this state,” he added. “This is a historic moment. We’re going [...] |

The Obama Legacy
Competing Philosophies of Government
Desperate Economic Action Ahead?
Obama Denied Parole
Grownups, Principles and Revolt
Our President is Delusional
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