Archive for March, 2011

This week the Fed lost its appeal to protect it from having to disclose who it gave emergency loans under the pretense of saving the global financial system during the 2008 banking crisis. As he faces the fact that he is consistently wrong about the economy, lying about inflation, printing money at a pace never seen before, bailing out and subsidizing banks and Wall Street, and watching governments borrow and spend their nations into bankruptcy he will have to figure out how to not become a victim of the economic hitmen.  Might be a rough weekend at Bernanke’s.     More »

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As Japan is suffering through a nuclear disaster their government is doing what governments always do when their protection racket is exposed for the gigantic fraud that it is.  They are downplaying the size and scope of the disaster, denying any responsibility for design flaws and lack of preparedness, and publicly posturing to hide their complicity and inability to resolve the problem. The Japanese people are stoically dealing with their individual tragedies without complaint, without violence, and without theft – a stark contrast to political institutions that heap more woe on their constituents by trying to tax and spend their way out of calamity, just as we do in the US.     More »

This week we learn that in the month of February the Beltway Burglars ran a deficit of 225 billion dollars.  That is 2.7 trillion dollars – nearly a trillion dollars more than the current official annual budget deficit estimate.  Now DC has been saying for months that the economy is showing signs of growth.  If this is growth the US economy is destined to return to the womb.     More »

As Ben Bernanke continues to hurtle the US economy along at breakneck speed around the most dangerous track he can find, the scene appears to resemble a runaway passenger train loaded up with government, academic, and corporate intellectuals – a veritable who’s who of crash test dummies about to premiere with their greatest hit – or is that their greatest crack-up.     More »