Secretary of Treasury: Our Monetary System Is A Ponzi Scheme
Oct16

Secretary of Treasury: Our Monetary System Is A Ponzi Scheme

Jack Lew is the Secretary of the Treasury. He took over after the tax cheat Tim Geithner left. Secretary Lew is campaigning for an increased debt ceiling, along with the establishment Republicans, Democrats and pundits in the media. To them, the issue is a no-brainer. They have to frame it as if it’s obvious what we have to do. Of course we have to lift the debt ceiling. Otherwise, how are we going to pay our debts? If the tea...

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The Federal Reserve Shows They Know The Obama Economy Is Dead
Sep19

The Federal Reserve Shows They Know The Obama Economy Is Dead

The big news yesterday was that the Federal Reserve was not going to “taper” their 85 billion dollars worth of bond purchases every month. The “money printing” will continue. The “Quantitative Easing” program that Federal Reserve Chairman Ben Bernanke cooked up was supposed to be a way to “get the economy going.” Once the economy was moving again, then, Bernanke told us, the QE could be ended—ended incrementally or “tapered.” But...

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McCain: Hillary Clinton v. Rand Paul Would Be “Tough Choice” In 2016
Aug01

McCain: Hillary Clinton v. Rand Paul Would Be “Tough Choice” In 2016

Just exactly what is the Republican Party supposed to stand for if Hillary Clinton looks attractive to any former GOP Presidential candidate in a race against another Republican? Yet McCain said, “It’s gonna be a tough choice.” The writer of the report for Townhall.com suggested McCain wasn’t really being serious because he laughed when he said it. But I’m not so sure. In that same interview he said words about Hillary as Secretary of...

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Idiot Economics “Research” Claims McDonald’s Can Double Salaries If It Wants To
Jul31

Idiot Economics “Research” Claims McDonald’s Can Double Salaries If It Wants To

The latest brilliance claims that McDonald’s could double all wages if they only add about 17 cents to every dollar they charge in price. Thus, a Big Mac would only go up 68 cents. The report keeps it vague, but the blond girl on the Huffington Post video is helpfully clear. You can only double the wages if you raise the prices and keep everything else constant. It has already been tried. It doesn’t stay constant. To her credit she...

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Shameless: G. W. Bush Claims Snowden Hurt The Country
Jul02

Shameless: G. W. Bush Claims Snowden Hurt The Country

Instead of listing all the things that Edward Snowden has done, let’s try to list some things he hasn’t done. Edward Snowden never shoved interest rates into the floor and picked a replacement Federal Reserve Chairman who pretending there was no housing bubble. Snowden never took the nation into the worst recession in history. Edward Snowden never presided over the greatest national security failure in history. He didn’t promote the...

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Are We About To See The Next Stage Of Our Financial Crisis Through Pensions?
Jun14

Are We About To See The Next Stage Of Our Financial Crisis Through Pensions?

New rules are likely about to precipitate another financial crisis. The point of origin is pensions. Part of the problem is that these pensions were far too luxurious.  According to Fox Business News, for example, “…cushy pension stories continue to pour out of California. One retiree in the County of Solano pulls in nearly $371,000 a year in retiree pay. Nearly 12,200 government retirees get $100,000 a year, including 94 city...

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