Full story here from ZeroHedge. This is a rubber-meets-the-road moment–whether the Fed is broken or if the Bailout Kleptocracy hits full steam ahead. The very fact that the US taxpayer has to BEG and then SUE to see where their money went and what, if any, collateral was provided is truly pathetic.
Full story here from Janet Tavakoli.
Arianna Huffington’s new book, Third World America: How Our Politicians are Abandoning the Middle Class and Betraying the American Dream, paints a grim picture of the State of the Union:
“Every day, Americans, faced with layoffs and tough economic times, are forced to use their credit cards to pay for [...]
Full story here from ZeroHedge.
In a unorthodox piece by the WSJ, which goes direct to discussing some of the less than pleasant possible outcomes of central planning, Brett Arends asks “could Wall Street be about to crash again? This week’s bone-rattlers may be making you wonder” and says: “way too many people are way too complacent [...]
Your schooling for today provided here.
The Federal Reserve has been at the top of the news for a long time and it’s getting a lot of attention now as it appears the next down cycle in the depression may be upon us. So what’s the real reason the world listens so intently to an Ivy [...]
Full story here from Jim Willie.
A theme of frequent mention has been the Paradigm Shift in the financial world. It refers more specifically to the global shift away from a USDollar-centric alignment. The major industrialized nations of the world, along with major energy producers, struggle to develop a monetary and commercial system that is not [...]
Full story here from ZeroHedge. Hitler loses his ShamWows here.
Raoul Pal, who retired from managing money at the ripe age of 36, after co-managing GLG’s Global Macro Fund, and the hedge fund sales business in equities and equity derivatives at Goldman among others, and has been publishing the attached Global Macro Report since, has just [...]
Full story here from Jim Willie, The Golden Jackass, my favorite curmudgeon of precious metals and erstwhile detractor of fiat funniness.
A significant feature of fiat money systems is the privilege for the custodian to commit fraud, big fraud, gargantuan fraud, even counterfeit. Fannie Mae might function as the clearinghouse for numerous massive role programs with [...]
This charming missive courtesy of Jesse’s Cafe Americain. Random video interlude: what the bailout really looks like;
The Federal Reserve and its friends in the European central banks, the IMF, and BIS are running a bluff against the developing nations and the rest of the world, and to their shame, the majority of their own people. [...]
Full story here. Here’s Bernanke’s design on a mouse trap. Bernanke taught this one to drive.
On negative views on unemployment:
Participants expected the pace of hiring to remain low for some time. Indeed, the unemployment rate was generally expected to remain noticeably above its long-run sustainable level for several years, and participants expressed concern about the [...]
Full story here from ZeroHedge (tho a lot of other sites picked this one up too). See? You shouldn’t listen to me at all! Or anyone else except smug twat PhDs!! Of course if you asked this sniveling little turd anything about actual trading, exchange, true dynamics of money or phsyical economy, he’d probably soil himself. Go [...]