"Washington has cut off credit to small business and are channeling the money into big government, big banks, and big corporations," he claims. "It's almost a contemplated attack on small businesses] by Washington and it's having its effect." The the interview with Aaron Task here.
The chinese are getting better every day that passes. Good music with the free expression of an idea. Very good sign indeed. Article explaining lyrics here.
This snip is from: http://dailyreckoning.com/the-wants-and-fears-of-george-soros/ To understand the speech, one must know what the wants and fears of George Soros are. In my book, Endless Money (John Wiley & Sons 2010), I develop a unique perspective on the topic of liberal billionaires such as Soros and Buffett. Specifically, I argue Read more…
Do you trust government? Do you think Rand Paul was wrong when he said the civil rights act of 1964 theoretically goes too far when it bans discrimination in a private business? If you do then you are substantively against private property rights. Keep that in mind as you watch Read more…
Note: May 24, 2010 LIBOR = London interbank offered rate According to Spengler if LIBOR hits the 2 year US Government bonds rate they are going to get hit badly. Quoting Spengler: If LIBOR continues to creep up and reaches, say, 75 bps, it no Read more…
I know the people in the financial centers of NYC and London like to auto exalt. They think the only valuable thinking goes on in financial centers because usually that is where the ideas catch on and go big time. Nouriel Roubini gets much of the credit for foreseeing the Read more…
In the economy of ideas we are headed down a path where we attempt to control the collective mind of humanity. I can not condone this. The video Rip – remix manifesto makes this point very well. …..that said ….the documentary Rip – remix manifesto misses the point in the Read more…
Gonzalez was in Argentina as a student when the crash came. He saw the nation go from what appeared to be prosperous to one with hyperinflation. Later he was in Iraq and saw how make work projects distorted the local economy and left people worse off than before by introducing Read more…
First there was an internet bubble. Second there was a housing bubble. Third there was the commodity bubble. Now we are in the government bubble. The fed loans out cheap money to banks at 0.5%. They buy U.S Treasury notes at 2.0% and make the spread. The logical question to Read more…
I recommend tracking the Iceland situation. The following videos are a good breeze over the latest developments. The socialist leftist government of England invoked terrorism laws against Iceland for the sake of trying to get at more of Icelands assets. Just goes to show you that you can not Read more…