Archive For: February 2015

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Q4 Household Debt Report------What Deleveraging?

Actual analysis, connecting the dots, describing how the massive issuance of student loan and auto loan debt has produced a fake economic recovery, and how the accelerating default rates in auto loans and student loans will produce the next subprime debt implosion, were nowhere to be seen on CNBC, Bloomberg, the WSJ, or any other status quo propaganda media outlet. Their job is not to analyze or seek truth. Their job is to keep their government patrons and Wall Street advertisers happy, while keeping the masses sedated, misinformed, and pliable.....

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The Fed's Wealth Effects Doctrine------Windfalls At The Top, A Poke In The Eye For The Rest

According to former Fed Chair Ben Bernanke in an excerpt from a Nov. 3, 2009 Bloomberg article, the Fed strategy is that “..large-scale asset purchases should boost economic growth through lower borrowing costs and higher stock prices…”.  Now as depicted in the following chart (by Gallup) we see that the top 5% own almost 75% of financial […]

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Dismantle NATO Now----Its A Relic That's A Hotbed For Warmongers

In an article about NATO exercises in Estonia, just 300 yards from the Russian border, Daniel McAdams at the Ron Paul Institute makes a point that I want to use to make...

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Good Work Washington, NATO, EU, IMF-----Ukraine's In Chaos

We have quite a panic over the collapse of currency. People buy any food product that can be stored. Everyone wants to rid of Hryvnia. We haven't seen anything like this since 1991 when the Soviet Union collapsed. Stores are empty......

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Q4 Obliterates The Case For QE And ZIRP

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Inside The GDP Update: Still No Traction

I think the ongoing destruction in the Japanese Household sector demonstrates very well a specific shortcoming about economic statistics like GDP. The basic calculation of the particular measure that forms the headlines of almost all commentary is a comparison of the current quarter to the previous one. That right away opens the door to incongruities...

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The Pathetic 'Talk Therapy' Of Janet Yellen

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Getting It Right In Botswana: Free Markets, Fiscal Rectitude, Record Growth

  Going Against the Grain   Back in 2013, Botswana was alone among African countries in its vehement rejection of the fraudulent election in Zimbabwe that kept the aging dictator Robert Mugabe in power. An article in Bulawayo 24 [Bulawayo and Zimbabwe’s online news resource … Ed.] goes on to note that some critics in Botswana […]

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Clinton Foundation Took Millions From Countries That Also Fund ISIS-----Your Bad, Hillary

The Washington Post reported last week that foreign sources, including governments, made up a third of those who have given the foundation more than $1 million over time. The Post found that the foundation, begun by former president Bill Clinton, has raised nearly $2 billion since its creation in 2001. Foreign governments and individuals are prohibited from giving […]

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Greenspan Commits Truth........Again!

The maestro then breaks the golden rule of central bankers and explains how The Fed was, in fact, the main driver of the P/E multiple expansion in stocks; and when asked if this ends as badly as last time? He concludes "It depends...When real interest rates start to move up, that's when the crisis could hit." The interview is somewhat stunning in its honesty (for a central banker) as he warns global "effective demand is extraordinarily weak - tantamount to the late stages of the great depression."

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