Posts Tagged ‘ government ’
“There’s no doubt in my mind that we’ll have a mania in gold. And because the gold and especially silver markets are so tiny, the rush into them will be like trying to push the contents of Hoover Dam through a garden hose. Our positions will go absolutely ballistic.” – ...read more
The Top Ten Things to Worry About Surviving in a Bad Economic Climate
Nov 16th, 2009 | By Linda Brady Traynham | Category: Featured, Morning Whiskey
I staked out my position on the Doom & Gloom side back in 1992 when I was shocked by the problem I discuss first. What should you be concerned about? Start with the basics: what do you think you might have to survive? No point in making plans if you ...read more
Hypercomplex Systems Will Fail Due to Scarcity of Energy and Credit
Nov 11th, 2009 | By James Howard Kunstler | Category: Economics, Featured
In The Long Emergency (2005, Atlantic Monthly Press), I said that we ought to expect the federal government to become increasingly impotent and ineffectual - that this would be a hallmark of the times. In fact, I said that any enterprise organized at the colossal scale would function poorly in ...read more
Debt to GDP Ratios Indicate Governments Going Bankrupt
Nov 5th, 2009 | By Dan Denning | Category: Featured, Macro Economics
Are the Western Welfare States (the U.S., Japan, and EU nations) really going bankrupt? Things were headed that way before the credit crisis began. The Global Financial Crisis may be becoming a sovereign debt crisis and that will worsen an already bad situation.
First, let’s check out the chart below from ...read more
Debt Is Dangerous, Especially of the Government Kind
Nov 4th, 2009 | By Bill Bonner | Category: Featured, Macro Economics
Earthlings are all convinced that a financial crisis of cosmic proportions befell the planet last fall. Had the authorities failed to act with determination and speed, it would have been the end of the world. In the popular mind the politicians have saved capitalism from its own excesses.
Our views are ...read more
Macroeconomics for the Keynesian Dummies in Government
Oct 26th, 2009 | By Bill Bonner | Category: Featured, Macro Economics
"He who goes a-borrowing, goes a-sorrowing."
The quote comes from Ben Franklin. But it was recalled to us neither by America's president, nor Britain's Prime Minister. Instead, the Telegraph in London reported it from the mouth of Cheng Siwei, a "top member of the Communist hierarchy."
What goes around comes around. The ...read more
The Jobless Recovery, So Called
Oct 19th, 2009 | By Linda Brady Traynham | Category: Featured, Morning Whiskey
Agora Financial's Founding Father Bill Bonner, writing in his Daily Reckoning, says there are approximately 131 M jobs in the USA.
Justice Little, Editor of Taipan Daily, also out of the AF stable, says that 26 M jobs have been lost.
The Federal Government says that the unemployment rate is 9.8%. Traditional ...read more
Tobacco Ban Begins
Oct 1st, 2009 | By Samantha Buker | Category: Featured, Personal Liberties, Politics
Hope you bought your last pack of flavored cigarettes by midnight on Sept. 21…or else you’re out of luck. Thank the newly enacted Family Smoking Prevention and Tobacco Control Act.
I’m OK with state-by-state action. In fact, I couldn’t have bought the last pack of cloves in Maryland at 11:55 p.m. ...read more
Safety Net: The Path to Slavery
Sep 28th, 2009 | By Anthony De Maio | Category: Featured, Morning Whiskey
For those that grew up in a “typical” family, it was always comforting to know that “daddy” was always there to protect and support you, and “mommy” was always there to comfort you and heal you. It was a pleasant feeling to know that someone was always there to take ...read more
GDP’s Debt to Credit
Sep 23rd, 2009 | By Dan Amoss | Category: Featured, Macro Economics
The FDIC is considering tapping its emergency line of credit with the Treasury. FDIC Chair Sheila Bair recently hinted after a speech at Georgetown University that all options are on the table when it comes time to replenish the dwindling Deposit Insurance Fund. We’ll find out more in the next ...read more
