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The Weekend: February 4, 2012
Home repairs: Which jobs come first?
You can’t afford to tackle every big home repair project at once. So use this list to help you prioritize. (Read Full Story)
Obama’s latest retirement rescue plan: Annuities
The Treasury and Labor Department proposed new rules to help families’ savings last through retirement – by making it more attractive to invest in annuities. (Read Full Story)
American’s bankruptcy fuels merger talk
The threat of a merger is one of the factors hanging over the head of American’s unions as they start negotiations on the company’s proposal to slash 13,000 jobs at the airline out of its staff of 88,000 announced Tuesday. (Read Full Story)
The threat of a merger is one of the factors hanging over the head of American’s unions as they start negotiations on the company’s proposal to slash 13,000 jobs at the airline out of its staff of 88,000 announced Tuesday. (Read Full Story)
As Obama Crows, Real Story Is 10.5 Mil Jobs Deficit
Jobs: Of course it’s good news that 243,000 new jobs were created in January, shaving the unemployment rate to 8.3%. But thanks to massive policy errors by the White House… (Read Full Story)
Jobs: Of course it’s good news that 243,000 new jobs were created in January, shaving the unemployment rate to 8.3%. But thanks to massive policy errors by the White House… (Read Full Story)
BERNANKE TO SAVERS: We Don’t Owe You A Living
The bottom line is this: Yes, it sucks that pensioners and garden-variety savers aren’t getting returns, but it also sucks for everyone in the U.S. right now, because the economic outlook seems to be so mediocre. Welcome to the club! (Read Full Story)
The bottom line is this: Yes, it sucks that pensioners and garden-variety savers aren’t getting returns, but it also sucks for everyone in the U.S. right now, because the economic outlook seems to be so mediocre. Welcome to the club! (Read Full Story)
Life, Liberty & All That Jazz…
REICH: The Jobs Crisis Is Still Bigger Than The Budget Crisis
Even after Friday’s good report. (Read Full Story)
Even after Friday’s good report. (Read Full Story)
Robo-Mortgages Could Be Just The Beginning Of A Much Bigger Scandal In The Mortgage Industry
And the beating up of the American homeowner goes on… (Read Full Story)
And the beating up of the American homeowner goes on… (Read Full Story)
Expect to See $2,750 – $3,000 Gold By June 2013 – Here’s Why
The interim peaks in gold have been spaced 21 months apart over the past 6 years and have seen gains from 80.2% to 97.3%. As such, given the fact that the low of… (Read Full Story)
The interim peaks in gold have been spaced 21 months apart over the past 6 years and have seen gains from 80.2% to 97.3%. As such, given the fact that the low of… (Read Full Story)
Alf Field Sees Silver Reaching $158.34 Based on His $4,500 Gold Projection!
This article was prompted by a question enquiring what the silver price might be if my gold forecast of $4,500 proved to be correct … (Read Full Story)
This article was prompted by a question enquiring what the silver price might be if my gold forecast of $4,500 proved to be correct … (Read Full Story)
IS THE IRAQI DINAR FOR REAL? FIND OUT FOR YOURSELF…
Decide for yourself. But at least do the research. (Read Full Story)
30 BLOCKS OF SQUALOR – CHICKEN OR THE EGG?
What we have are poor black people living in heavily government subsidized homes and paying little to no rent. Pennsylvania also provides grants to poor people for utilities, so they are paying little to nothing for heat and light. These people are surely part of the 46 million on food stamps. (Read Full Story)
Silver And The Shift To Measuring Wealth In Ounces Instead Of Dollars
The debt-based monetary system creates an illusion of wealth. It allows for claims on real goods to significantly exceed the actual amount of real goods. You then have a number of people believing they have wealth, since they have claims… (Read Full Story)
The debt-based monetary system creates an illusion of wealth. It allows for claims on real goods to significantly exceed the actual amount of real goods. You then have a number of people believing they have wealth, since they have claims… (Read Full Story)
The Fed’s BFF
The U.S. FED’S status update last month about how it still loves cheap money always and forever was sure to work magic. Even if the pixie-dust did blow straight past output, incomes and capital formation. (Read Full Story)
The U.S. FED’S status update last month about how it still loves cheap money always and forever was sure to work magic. Even if the pixie-dust did blow straight past output, incomes and capital formation. (Read Full Story)
HSBC Laundering Billions?
What a shock! This is perhaps the biggest bank in the world! Where were the regulators? What’s going on? How could this happen? It’s really impossible to believe … (Read Full Story)
What a shock! This is perhaps the biggest bank in the world! Where were the regulators? What’s going on? How could this happen? It’s really impossible to believe … (Read Full Story)
Do Tax & Regulatory Policies Pose a Threat to the Dollar?
Which political party will do a better job at preserving the purchasing power of the U.S.Dollar? A common tenet amongst Treasury Secretaries,… (Read Full Story)
Which political party will do a better job at preserving the purchasing power of the U.S.Dollar? A common tenet amongst Treasury Secretaries,… (Read Full Story)
Ingredients for Inflation
The true nature of inflation as an expansion in the money supply has never changed, despite the trickery of the Federal Reserve. However, even if money supply expands, inflation only occurs if the velocity of money remains constant or escalates. (Read Full Story)
The true nature of inflation as an expansion in the money supply has never changed, despite the trickery of the Federal Reserve. However, even if money supply expands, inflation only occurs if the velocity of money remains constant or escalates. (Read Full Story)
Cost for Doing God’s Work Declines from $13.2 Million to $9 Million
Mercy! How can the man survive a cut like that? (Read Full Story)
Mercy! How can the man survive a cut like that? (Read Full Story)
Life, Liberty & All That Jazz…
Dateline: February 3, 2012
Jobs forecast is murky
The keenly watched nonfarm payrolls reports for the first month of the year is hard to read because of unusual factors that distort employment data. (Read Full Story)
Bernanke’s calls for political ‘armistice’
Fed chief says the U.S. is vulnerable to crisis if Washington doesn’t get a grip on the deficit. He also urges peace between GOP, Democrats… (Read Full Story)
30-year loan rate falls to 3.87%
…and a lot of good it will do you – IF you can qualify: That’s almost a point lower than the average rate on a 30-year fixed mortgage a year ago, 4.81%. (Read Full Story)
…and a lot of good it will do you – IF you can qualify: That’s almost a point lower than the average rate on a 30-year fixed mortgage a year ago, 4.81%. (Read Full Story)
Deleveraging Will Take Over As Everyone Runs Out Of Ammunition
Washington, the Fed, corporations and consumers. (Read Full Story)
Washington, the Fed, corporations and consumers. (Read Full Story)
Life, Liberty & All That Jazz…
US Workers Are Toiling Harder And Getting Paid Less Than Ever
Why the poor get poorer. (Read Full Story)
Why the poor get poorer. (Read Full Story)
Silver And The Shift To Measuring Wealth In Ounces Instead Of Dollars
The debt-based monetary system creates an illusion of wealth. It allows for claims on real goods to significantly exceed the actual amount of real goods. You then have a number of people believing they have wealth, since they have claims (Read Full Story)
The debt-based monetary system creates an illusion of wealth. It allows for claims on real goods to significantly exceed the actual amount of real goods. You then have a number of people believing they have wealth, since they have claims (Read Full Story)
WHO WOULD JESUS TAX?
YO – listen up – de Mussiah dun spoke: Obama cites Jesus’s teaching that ‘for unto whom much is given, much shall be required.‘ (Read Full Story)
YO – listen up – de Mussiah dun spoke: Obama cites Jesus’s teaching that ‘for unto whom much is given, much shall be required.‘ (Read Full Story)
Will $4 million in retirement savings be enough?
It would seem as if saving $4 million should be enough to fund a comfy retirement 30 years from now. But don’t automatically assume it will be sufficient. (Read Full Story)
It would seem as if saving $4 million should be enough to fund a comfy retirement 30 years from now. But don’t automatically assume it will be sufficient. (Read Full Story)
Arggg! U.S. Court Orders The Return Of 500 Million Dollars Of Gold Coins To Spain
An appellate court has upheld a lower court decision that ordered American treasure-hunter Odyssey Marine Exploration to return to Spain some 594,000 gold and silver coin valued at roughly $500 million recovered on the ocean floor from a sunken Spanish Galleon. The United States government supported the Spanish in the claim and the coins are supposed to be returned to Spain within ten days.
Here is how the Court described the case in an earlier ruling: › Continue reading
US Treasure Hunter Says He Has Found A Sunken British Ship With $3 Billion Worth Of Platinum
Greg Brooks, a treasure hunter from Maine, believes he has found the remains of the British ship S.S. Port Nicholson 50 miles from Cape Cod, the Daily Mail reports.
Brooks’ discovery is of more than just historical importance. The ship, a British merchant ship sunk by the Germans in 1942, may contain 71 tons of platinum—valued at the time at around $53 million, a payment from the Soviet Union to the U.S. for war supplies.
At today’s values that’s around $3 billion. “I’m going to get it, one way or another, even if I have to lift the ship out of the water,” Brooks said. › Continue reading
Dateline: Ground Hog Day 2012
Mainstream Media Keeps Putting Lipstick on Pig Economy
My slogan is “analyzing the news to give you a clear picture of what’s really going on.” So, I spend a significant amount of time watching news on TV and the Internet and even the good old fashioned newspaper. If you only got your news from the mainstream media (MSM), it’s easy to understand whyso many people think the economy is not all that bad. (Read Full Story)
There is No Real Recovery in Economy
If the economy was doing so well, the Federal Reserve would not be announcing (last week) an extension of its zero interest rate policy until the end of 2014. If the economy was truly in a real recovery the Fed would be hiking interest rates instead of giving away money for virtually nothing. (Read Full Story)
How Far Will Debt Deleveraging Go? How Much LSD Can an Elephant Take?
There is a growing suspicion that the amount debt piled on by both government and the private sector in developed nations over the past few years, is causing distressing symptoms of overdose. On the subject of overdose, any druggie will tell you, dosage is important. (Read Full Story)
There is a growing suspicion that the amount debt piled on by both government and the private sector in developed nations over the past few years, is causing distressing symptoms of overdose. On the subject of overdose, any druggie will tell you, dosage is important. (Read Full Story)
US Adds $120 Billion In Debt Since Debt Ceiling Hike On Friday, $310 Billion More On Deck In Next Two Months
It gets worse: even according to the drastically, and very unrealistically, downward revised borrowing expectations of the Treasury released yesterday, the US will issue $444 billion in debt in this quarter. (Read Full Story)
It gets worse: even according to the drastically, and very unrealistically, downward revised borrowing expectations of the Treasury released yesterday, the US will issue $444 billion in debt in this quarter. (Read Full Story)
PuNXaTaWDRY BeN (GRouND HOG DaY 2012)
The ground hog is like most other prophets; it delivers it’s prediction and then disappears.–Bill Vaughn [Punxatawdry Ben is the bellwether of false profits; he prints predictably and then the ink… (Read Full Story)
The ground hog is like most other prophets; it delivers it’s prediction and then disappears.–Bill Vaughn [Punxatawdry Ben is the bellwether of false profits; he prints predictably and then the ink… (Read Full Story)
Life, Liberty & All That Jazz…
Obama Complicates Mortgage Process
Rules: In a “Twilight Zone” moment, the president suggests Republicans oppose his financial overhaul because they detest simplicity. Nothing’s more complex than Dodd-Frank. In a speech proposing his so-called Homeowners Bill of Rights, Obama held up a simplified mortgage form as an … (Read Full Story)
Rules: In a “Twilight Zone” moment, the president suggests Republicans oppose his financial overhaul because they detest simplicity. Nothing’s more complex than Dodd-Frank. In a speech proposing his so-called Homeowners Bill of Rights, Obama held up a simplified mortgage form as an … (Read Full Story)
Gov’t Hits Businesses With More Job-Killing Rules
The nation was recently treated to a decision by the Equal Employment Opportunity Commission that certain employers may not require employees to have a high school diploma because it might violate the Americans with Disabilities Act. Clearly, the EEOC has lost its marbles. During the weakest… (Read Full Story)
The nation was recently treated to a decision by the Equal Employment Opportunity Commission that certain employers may not require employees to have a high school diploma because it might violate the Americans with Disabilities Act. Clearly, the EEOC has lost its marbles. During the weakest… (Read Full Story)
How the Fed Prints Money Under the Guise of Currency Swaps
The Fed is ramping up its currency swap activity again. Meaning, Federal Reserve Chairman Ben Bernanke, is printing money again. That’s bad enough. But this time, after he prints it, he sends it over to Europe. Crazy, but true. (Read Full Story)
The Fed is ramping up its currency swap activity again. Meaning, Federal Reserve Chairman Ben Bernanke, is printing money again. That’s bad enough. But this time, after he prints it, he sends it over to Europe. Crazy, but true. (Read Full Story)
Persistent Questions About the Future of the US Economy
The US economy entered a period of debt destruction – a Great Correction, we called it. The question then was how long the Great Correction would last…which depended on what it was correcting. (Read Full Story)
The US economy entered a period of debt destruction – a Great Correction, we called it. The question then was how long the Great Correction would last…which depended on what it was correcting. (Read Full Story)
