Dateline: April 11, 2012
Unemployment rate at a staggering 22.2%
John Williams, of Shadowstats, notes that manipulated government statistics are not changing the fact that the true SGS Unemployment Measure now sits at a staggering 22.2%. Williams also demonstrates that despite the hype from Wall Street about a recovery, parts of the economy remain collapsed. Here is what Williams had to say about the situation… (Read Full Story)
How (and why) Obama has impeded recovery
During and after his 2008 campaign, Barack Obama was hailed as the second coming of Franklin D. Roosevelt. History records that Roosevelt presided over the Great Depression, begun in the previous administration of Herbert Hoover who got most of the blame. Roosevelt’s policies extended it well beyond the normal recovery from a recession… (Read Full Story)
During and after his 2008 campaign, Barack Obama was hailed as the second coming of Franklin D. Roosevelt. History records that Roosevelt presided over the Great Depression, begun in the previous administration of Herbert Hoover who got most of the blame. Roosevelt’s policies extended it well beyond the normal recovery from a recession… (Read Full Story)
Colorado lawmakers pass bill granting discounted tuition for illegals
… and the public gets shafted once again! On Monday, the Colorado State Senate passed SB 15, known as the ASSET (Advancing Students for a Stronger Economy Tomorrow) bill, which would provide illegal aliens who have attended a Colorado high school for at least three years and either graduated or obtained a GED with a reduced tuition rate. — The bill was passed along party lines (20-14), with only Republicans voting in opposition to the measure… (Read Full Story)
… and the public gets shafted once again! On Monday, the Colorado State Senate passed SB 15, known as the ASSET (Advancing Students for a Stronger Economy Tomorrow) bill, which would provide illegal aliens who have attended a Colorado high school for at least three years and either graduated or obtained a GED with a reduced tuition rate. — The bill was passed along party lines (20-14), with only Republicans voting in opposition to the measure… (Read Full Story)
North: Tax Burden: 40 million government workers
How many people work for governments in the United States. Let’s look at the numbers. — The usual estimate of the number of employees of the U.S. government is 2.8 million. The estimate is fake. This does not count military personnel. But most important, it does not count contract workers paid by the federal government. — The Office of Personnel Management does not keep track of these workers… (Read Full Story)
How many people work for governments in the United States. Let’s look at the numbers. — The usual estimate of the number of employees of the U.S. government is 2.8 million. The estimate is fake. This does not count military personnel. But most important, it does not count contract workers paid by the federal government. — The Office of Personnel Management does not keep track of these workers… (Read Full Story)
Life, Liberty & All That Jazz…
Study: Obama healthcare could worsen U.S. debt
Instead of curbing government spending, President Barack Obama’s healthcare law could add up to $530 billion to the federal debt over ten years, a Republican expert on U.S. government benefit programs said on Tuesday. — A study by Charles Blahous, a George Mason University research fellow and the Republican trustee for the Medicare and Social Security entitlement programs for the elderly… (Read Full Story)
Exposure of gold market manipulation is producing results
Our friend J.T. writes: “I’m sure you know by now, probably from all the e-mails and comments you’ve received from GATA members and other ‘gold bug’… (Read Full Story)
Our friend J.T. writes: “I’m sure you know by now, probably from all the e-mails and comments you’ve received from GATA members and other ‘gold bug’… (Read Full Story)
Confiscation of Gold and Silver Coins Will Not Happen
The wealthy are not going to allow the government they support with campaign money to take their gold. It is just not going to happen. (Read Full Story)
The wealthy are not going to allow the government they support with campaign money to take their gold. It is just not going to happen. (Read Full Story)
Is Berkshire Hathaway Suffering From A Case of Gold-Cult Envy?
Today, we examine the cult of Berkshire Hathaway and the cult of gold-buying. The former pays homage to Warren Buffett; the latter genuflects at the altar of Hard Money. (Read Full Story)
Today, we examine the cult of Berkshire Hathaway and the cult of gold-buying. The former pays homage to Warren Buffett; the latter genuflects at the altar of Hard Money. (Read Full Story)
Lollipops and Tantrums; Is the Fed Promoting Recovery or Desperation?
The Fed is much like a rotten mother who throws her spoiled brat a lollipop as a reward for a temper tantrum says John Hussman in yet another excellent missive: Is the Fed Promoting Recovery or Desperation? (Read Full Story)
The Fed is much like a rotten mother who throws her spoiled brat a lollipop as a reward for a temper tantrum says John Hussman in yet another excellent missive: Is the Fed Promoting Recovery or Desperation? (Read Full Story)
No mortgage write-downs for Fannie, Freddie … yet
Government incentives make it worth it for Fannie and Freddie to offer principal reduction on mortgages they back. But regulator is concerned it will lead more people to default. (Read Full Story)
Government incentives make it worth it for Fannie and Freddie to offer principal reduction on mortgages they back. But regulator is concerned it will lead more people to default. (Read Full Story)
As U.S. Debt Soars, Dollar May Lose Reserve Status
European debt problems have received a lot of media attention, but it is the debt problem in the U.S. that is far more likely to precipitate a global crisis. Former U.S. Treasury official Lawrence Goodman sounded the alarm recently when he noted that investors are shunning low-yielding U.S…. (Read Full Story)
European debt problems have received a lot of media attention, but it is the debt problem in the U.S. that is far more likely to precipitate a global crisis. Former U.S. Treasury official Lawrence Goodman sounded the alarm recently when he noted that investors are shunning low-yielding U.S…. (Read Full Story)
The Hard Working American vs. The Government Parasite
Which lifestyle choice produces better results – being a hard working American or being a government parasite? Actually, when you look at the cold, hard numbers they may just surprise you. In America today, we deeply penalize hard work and we greatly reward government dependence. (Read Full Story)
Which lifestyle choice produces better results – being a hard working American or being a government parasite? Actually, when you look at the cold, hard numbers they may just surprise you. In America today, we deeply penalize hard work and we greatly reward government dependence. (Read Full Story)
The Shocking Truth About Unemployment In America In One Chart
The mainstream media is not telling you the truth about unemployment in the United States. The percentage of working age Americans that are employed is not increasing. In March 2010, 58.5 percent of all working age Americans had a job. In March 2012, 58.5 percent of all working age Americans had a job. So if the employment rate is exactly the same as it was two years ago, then how in the world can the Obama administration claim that things have gotten significantly better since then? (Read Full Story)
The mainstream media is not telling you the truth about unemployment in the United States. The percentage of working age Americans that are employed is not increasing. In March 2010, 58.5 percent of all working age Americans had a job. In March 2012, 58.5 percent of all working age Americans had a job. So if the employment rate is exactly the same as it was two years ago, then how in the world can the Obama administration claim that things have gotten significantly better since then? (Read Full Story)
The Era Of Independent Central Banks Is Over
Federal debt has expanded by $9.5 trillion – from $5.7 trillion in 2000 to $15.2 trillion at the end of last year and, as Neal Soss of Credit Suisse notes, is still growing over $1 trillion a year (or $5 billion per day). The state of fiscal sustainability, as explained in this compendium of slides, is perilous, but as Soss notes – interest expense did not go up because interest rates fell faster than debt went up. (Read Full Story)
Life, Liberty & All That Jazz…
