Nov 28, 2011, 3:56 pm EDT
During the past 100 years, American voters have been brainwashed into believing a complete portfolio of nonsense packaged by self-serving bankers and politicians. It is difficult, of course, to admit that most of what we have grown up believing about our government structure and monetary system is deeply flawed and skewed with self-interest.
Ron Paul has been outlining the ongoing fraud to Americans for decades. I have followed his work from the start, and I am not aware of any other politician in Washington who better understands the mess we are in and what to do about it. I hope you will read Ron Paul’s End the Fed and Liberty Defined and come to realize that there is indeed a chance to get America back on the true Federal Republic course envisioned by Thomas Jefferson.
In Liberty Defined, Ron Paul puts the laser light on the dangers of progressive thinking: Read
Nov 28, 2011, 11:59 am EDT
Dreaming up a deficit reduction commission was the easy part. Unfortunately, nobody thought getting committee members to agree would be the hard part.
How will the deficit impasse affect U.S. Treasury prices? Are higher bond yields just ahead? And what about the U.S. government’s credit rating?
Agreeing to Disagree
After two months of intense negotiations, talks among the 12-member “supercommittee” broke down last week. The committee is an even split between Democrats and Republicans and they agreed to disagree, which means $1.2 trillion in automatic spending cuts that begin in 2013 have been triggered. What’s so bad about that? Automatic spending cuts are good for the deficit, but only if Congress doesn’t try to undo them. Read
Nov 24, 2011, 6:45 am EDT
Do the markets care whether the U.S. fiddles while Europe burns? Apparently. This week’s 600-point nosedive by the Dow should prove (for anybody who didn’t realize it already) that America isn’t about to “decouple” from Europe, financially or economically.
For the past few weeks, a parade of smiley faces has tried to tell us that Europe’s woes didn’t matter for the U.S. markets. We, and maybe the Chinese, could keep chugging along regardless of what was happening in the EU.
It was a foolish conceit, for two reasons: First, as I’ve explained in previous blogs, Europe is an important buyer of U.S. exports. A deep recession “over there” will hurt the bottom line of many large U.S. companies, particularly in the otherwise thriving industrial sector. Read
Nov 23, 2011, 7:00 am EDT
Ron Paul is out of the picture.
At least, that is exactly what entrenched politicians on both sides of the aisle — the neocon military/industrial complex intelligentsia, the media, the Greenwich Village pseudo-intellectual liberals and the Hollywood buffoons — would have you believe. It is hard to read a good word about Ron Paul, is it not? The silence on the media front when it comes to Dr. Paul makes you wonder if you hadn’t missed his obituary. Well, not quite. Out of eyesight, it looks as if Ron Paul’s Iowa ground army is overrunning opposition forces and propelling him to the front ranks of America’s first nominating battle in Iowa.
Ron Paul may well win Iowa and also New Hampshire. Victories in both states would dump the fat in the fire and panic would set in fast for the entire crowd outlined above. Can Ron actually get the nomination and win the White House? The Wall Street Journal wrote of Dr. Paul: “His radical views about the size of government probably doom him to defeat in the Republican primaries … As a candidate, Mr. Paul is likely finished.” Read
Nov 22, 2011, 5:15 am EDT
Tasked with finding $1.2 trillion to cut in the federal budget, after summer’s playground antics that caused the markets to tumble and roll like a roller coaster, the 12-member congressional “super committee” — as expected — has turned into the “stupor” committee.
Monday was their deadline to send their plan to the Congressional Budget Office, and — surprise, surprise — the Dems and Reps released a joint statement of failure. But you can be sure that the rhetoric of blame has already begun. Even on Sunday, when unofficial statements suggesting no agreement had been made, the airwaves were filled with pointing fingers.
Business as usual in Washington. I’m not going to rehash the politics, as that won’t help you understand the importance of this failure. Instead, let’s look at how the inaction may negatively impact your financial situation. Read
Nov 21, 2011, 8:29 am EDT
What happened to Thanksgiving?
What once was an entire season worth of anticipation toward family, friends, the meal of the year and watching the Detroit Lions get pummeled during the NFL’s traditional Turkey Day contest has been cut to practically just the holiday day itself — thanks to the ever-expanding “holiday season” that now sops up most of fall.
Now, Thanksgiving’s parasitic cousin, Black Friday, is threatening to finish the job on the back end. And the unlikeliest of champions — people who actually have a job in a down economy — are fighting back. Read