Category Archives: Finance

Why The European Union Will Fail:

Substitute the United States of America for what Greenspan refers to as “Southern Europe” and China for what he refers to as “Northern Europe” and think about what happens here when the “North” stops subsidizing the “excess consumption” of the “South.” Greenspan … Continue reading

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GERMANY: “The U.S. Has Lived on Borrowed Money for Too Long.”

SPIEGEL: Last week, the US Federal Reserve Bank decided to flood the economy with $600 billion in new money. Will this stimulate the economy as hoped? Schäuble: I seriously doubt that it makes sense to pump unlimited amounts of money … Continue reading

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Maybe the Backseat Won’t Be So Bad…?

We who have lived all of our lives at the top of the world’s food chain find it difficult (or impossible) to contemplate it NOT being so. However, I may yet outlive America’s reign at the pinnacle. More often now, … Continue reading

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Is America on the Brink of a Second Revolution?

Well, that depends on what the meaning of the word “brink” is. I doubt I’ll live to see the civil disorder/chaos/open combat/military dictatorship phases. The revolution itself has already begun, of course, though it’s not widely recognized as such. We’re … Continue reading

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U.S. Economy “Close to a Destructive Tipping Point”

Apparently you can’t be “just a little bit pregnant.” Makes sense to me. So why is it so hard for people (especially our fearless leaders) to understand that you can’t be “just a little bit bankrupt.” “America is very close … Continue reading

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“We’re on the right track.” – ObaMao – UPDATE

Obama Stimulus Made Economic Crisis Worse, `Black Swan’ Author Taleb Says: “Obama did exactly the opposite of what should have been done,” Taleb said yesterday in Montreal in a speech as part of Canada’s Salon Speakers series. “He surrounded himself … Continue reading

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Be of Good Cheer…ObaMao says “We’re on the right track.”

Employment generation disappointing – LA City Controller: $111 Million Dollars to create 55 jobs = $2 Million per job! About 44 million in U.S. lived below poverty line in 2009, census data show. In the second year of a brutal … Continue reading

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