Why the Economic Recovery is Fraudulent and Doomed

Much has been made of the recent “economic recovery,” especially by Democrats touting the effectiveness of Obama’s policies, both here and abroad. But one pundit doesn’t see it that way, and his voice is vastly under-represented in this discussion: He [William White, the economic analyst who correctly predicted the Great Recession] deplores the rush to QE as an “unthinking fashion”. Those who argue that the US and the UK are growing faster than Europe because they carried out QE early Read more […]

Federal Reserve Blames Stagnant Economy on Money “Hoarding”

Inflation is not as high as it “should” be. In spite of the fact that the Federal Reserve has pumped $4.5 trillion dollars of non-existent money into the economy and has held its interest rates at zero percent for six years, money just isn’t moving around much. And the Federal Reserve thinks it knows why: Banks have put away close to $2.8 trillion in reserves, and households are sitting on $2.15 trillion in savings—about a 50 percent increase over the past five years. “So why did the Read more […]

New Jobless Claims: Why Economic Indicators Exist To Keep You Blind

So Bloomberg is reporting “good news”: “First-time jobless claims unexpectedly fell by 7,000 to 340,000 in the week ended March 2, the lowest since the period ended Jan. 19, according to data today from the Labor Department in Washington. The median forecast of 50 economists surveyed by Bloomberg called for an increase to 355,000. The four-week average dropped to a five-year low. Companies are easing up on dismissals as purchases of equipment climb and households maintain spending in the face Read more […]

QE3 Won’t Work; How About QE4?

Fed chief Ben Bernanke recently announced the Fed’s policy to buy up an additional $40 billion in mortgage-backed securities every month at least until the end of this year. He said that the policy will continue until we have recovery. Some on Wall Street are already saying that QE3 will not be enough. They want more. Whenever the Fed prints money, money flows into Wall Street and pumps up the stocks and makes investors wealthy. No wonder they want more. They want the Fed to guarantee their Read more […]

Will Bernanke Get More Blood on His Hands in His Bid to Re-elect Obama?

Yes. He probably will. Anyone who watched gas prices rise further, yesterday, and who is not invested in the stock market, knows that class warfare is real. The Federal Reserve is the upper crust’s weapon. Federal Reserve Chairman is going nuclear just fifty days before the election — and knowing full well that Romney would fire him. You just got mugged by a suit. But what is evil and painful in the United States may get homicidal when it goes overseas. We are still dealing with attacks Read more […]