Economics

The NSA Has NO Terrorist Stops to Its Credit

First, it was Snowden’s sacrifice that proved Director Clapper lied under oath when he said the NSA was not collecting any data on millions of Americans. Clapper also assured the American people (and Congress) that this program was not only lawful, but it had stopped hundreds of terrorist plots – remember? Now, General Alexander admitted in …

Economics

Message of Market: More Downside Likely

The “Invisible Hand” was telling us a month ago that a government shutdown or something was going to test the market. Eric’s chart of the S&P 500 and Oil’s Diffusion Index on Sept 2nd says there will be better times to buy the dip. Chart: SP 500 (SPX) and Crude Oil …

Economics

The Shutdown, Out of Control Spending, & Obamacare

The simple reason for out of control govt spending is that it is literally not controlled, as in not managed. Prior to 1978, each department had to submit (i.e. justify) a budget. Those that believe in Socialism decided that since they are spending other people’s money, why go through the hassle …

Constitutional Neglect

Hersh: Journalists, do Something about Your Lies!

In a recent article published in The Guardian about the state of journalism, Pulitzer Prize-winning journalist Seymour Hersh says, “The republic’s in trouble, we lie about everything, lying has become the staple.”  One example cited was the Navy Seal raid that supposedly resulted in the death of Osama Bin Laden. Hersh remarked, “Nothing’s …

Economics

DEMAND Boom vs. COST Boom

“Everything that needs to be said has already been said. But since no one was listening, everything must be said again.”  – André Gide The current Obamacare and debt ceiling debates are classic examples of the ignored wisdom of elders. Politicians cannot simply say NO to unpayable promises they hope will …

Economics

The Solution to ALL Our Monetary Problems

In the Surreal States of America, where most the people believe wealth and prosperity are created out of thin air, why doesn’t the Treasury simply issue a Trillion Dollar bond that the Fed can buy with its infinite amount of digital money? One ObamaBond could be issued each year to pay for one …

Economics

Debt & The Biggest Wealth Transfer in History

Stanley Druckenmiller appeared on CNBC this week. The meat of his comments start at the 12:35 mark. Although, his entire segment, which begins at the 8:03 mark, is good – especially when he rhetorically asks, “who owns assets”, and at the 15:00 mark when he explains what the Feds policies are all about: “the …

Economics

No Taper – What a non-Surprise

As was stated here in a August 16th post, there is no way the Fed can taper. Specifically, it was said: Manipulators want you to believe the Fed will taper, which would reduce the demand for bonds and therefore drive yields up. The only problem with this story is the …

Economics

What Does the Exit of Larry Summers Mean?

The fact Summers was being pushed by Obama and the mainsteam press tells you much more about them than Summers. We already knew Summers was a Pritzker Rubinite that fought for the two biggest bankster policy frauds that gave us the financial crisis and continues to be the major hindrance of …

Constitutional Neglect

Checkmate: Putin’s Mercy Move & NSA Bugging World

Tonight, Obama could put the finishing touches on the transformation of US perception around the world from being the “shining city on the hill” to the modern-day Evil Empire (assuming the NSA has not already done it). If you look at the US from the outside, what do you see? – The NSA is bugging the world, …