Friday, August 27, 2010

Morgan Stanley Says Government Defaults Inevitable - Bloomberg

 www.bloomberg.com/news/2010-08-25/morgan-stanley-s....html

Government default is not a question of if, but rather how and when. Actually our govt. has already been technically defaulting through its quantitative easing (printing money and lending it to yourself) program at the Fed. http://chum.ly/n/2c9b3d

Fed in emergency bid to put bailout ruling on hold | Reuters

 www.reuters.com/article/idUSTRE67M4E520100825?utm_...ws%29

How is this for transparency? Apparently, if we knew the truth, all would be lost from the Feds point of view. The grand manipulation would have to end if the American public were allowed to view the facts. http://chum.ly/n/2c9323

It pays to riot in Europe – Telegraph Blogs

 blogs.telegraph.co.uk/finance/ambroseevans-pritcha...urope

A peek into America's future? Moodys warned us months ago about unsustainable debt levels potentially leading to social unrest, and they are famously behind the curve on doing their job. http://chum.ly/n/2c9249

Wednesday, August 25, 2010

Home sales plunge as fear grows | detnews.com | The Detroit News

 www.detnews.com/article/20100825/BIZ/8250395/Home-...grows

The government sponsored "recovery" continues to show its strength. We will not have a recovery until we deal with the twin problems of too much debt and too much government. http://chum.ly/n/2be310

THERE WILL BE NO DOUBLE DIP

 matterhornassetmanagement.com/2010/08/16/there-wil...e-dip

Here is a "big picture" financial overview of where we are and have come from. For some reason the author thinks wealth does not come from a printing press. What's up with that? http://chum.ly/n/2be2b6

Monday, August 23, 2010

On the Way Down: The Erosion of America's Middle Class - SPIEGEL ONLINE - News - International

 www.spiegel.de/international/zeitgeist/0,1518,7124....html

This article gets one thing wrong, it says that in America the free market is king. No, in America big government and big business are king. They have formed an un-holy alliance and are unaccountable to either share holders or voters anymore but write regulations that strangle entrepreneurship and that form a moat around their socialistic fort. http://chum.ly/n/2b244d

'Atlas Shrugged': From Fiction to Fact in 52 Years - WSJ.com (expand)online.wsj.com/home-page

 online.wsj.com/article/SB123146363567166677.html?K...+Year

This article is over a year old, but like the book it mentions, seems to be even more timely now than it was when written. http://chum.ly/n/2b231a

Thursday, August 19, 2010

Entering a Death Spiral?: Tensions Rise in Greece as Austerity Measures Backfire - SPIEGEL ONLINE - News - International

 www.spiegel.de/international/europe/0,1518,712511,....html

Greece is trapped. Too much spending for too long. Too many people employed by the government. Too much debt. Too small a private sector to sustain the weight of the public sector. Same trap we are in. http://chum.ly/n/29eb8a

Wednesday, August 18, 2010

Friday, August 13, 2010

Foreign firms helped by U.S. bailouts: panel - Yahoo! News

 news.yahoo.com/s/nm/20100812/ts_nm/us_usa_banks_ba...out_4

"...the panel cannot determine the ultimate recipient of most TARP bailout money...", a peek into federal transparency. http://chum.ly/n/2888da

Friday, August 6, 2010

Agflation fears as Russia halts all grain exports - Telegraph

 www.telegraph.co.uk/finance/comment/ambroseevans_p....html

While domestically we are worrying about deflation, it looks like we may be facing some inflationary pressures in the food supply chain. Twenty five percent of world wheat exports shut down--should have some pretty dramatic effects. http://chum.ly/n/2674a0