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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Why The Smart Money Is Nervous-------And Selling Out To Dumber Hands

In this weeks' podcast, Grant and Chris discuss the growing anxiety they see among experienced investors. More and more, those who have made long, successful careers in money management are realizing that the system has morphed into a strange beast they no longer recognize, nor trust. Fear of epic, perhaps historic, dislocations in price when the current market reverses is causing more and more of the "smart money" to sell out now and seek safe harbor......

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Wall Street Hack Dick Bove Bloviates, No 30-Yr. Fixed MortgagesW/O Freddie/Fannnie-----So What!

Dick  Bove appeared on CNBC and warned that a mortgage meltdown is brewing. He has a related interview as well. The Treasury Department is looking to wind down Fannie Mae and Freddie Mac, but without these organizations, there would be few buyers for 30-year fixed rate mortgages, bank analyst Dick Bove told CNBC on Tuesday. Banks […]

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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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