Most people will not change. Too radical. Not going with the flow. Not betting against the herd. “The best examples in the 20th century were Jews in Germany in 1933. They stayed. This included Jewish bankers, all of whom could have left. They thought they could deal with Hitler. They did not read Mein Kampf. [...]
It must be said, that like the breaking of a great dam, the American decent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people. True, the situation has been well prepared on and off for the past century, especially the [...]
Leap in U.S. debt hits taxpayers with 12% more red ink By Dennis Cauchon, USA TODAYTaxpayers are on the hook for an extra $55,000 a household to cover rising federal commitments made just in the past year for retirement benefits, the national debt and other government promises, a USA TODAY analysis shows. The 12% rise [...]
ImplicationsPaul Krugman editorialized in the New York Times issue of May 25 that California is said to be where the future first appears. The recession has deeply affected the state. In particular, their housing bubble was larger than anywhere else in the nation. Unemployment is running at 11%. This has impacted state revenue. The alarming [...]
By Andrew Mickey, Q1 Publishing The dollar is out. The U.S. dollar index has fallen 5% last week. Treasury bonds are quickly falling out of favor. The yield on 10-year Treasury bonds has climbed from 2.5% to almost 3.5% since March signaling inflation fears and an unwillingness to fund ballooning government borrowing. Gold is hot. [...]
Ever been to Leaside? Some wonk paid $160,000 over asking for a place there last week, I heard. The mid-Toronto neighbourhood is populated with 1930s-style brick houses without garages built on lots the width of two cars situated on streets with plumbing problems. A couple of blocks away is a huge industrial area where munitions [...]
May 27 (Bloomberg) — The U.S. economy will enter “hyperinflation” approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates, investor Marc Faber said. Prices may increase at rates “close to” Zimbabwe’s gains, Faber said in an interview with Bloomberg Television in Hong Kong. Zimbabwe’s inflation rate reached 231 [...]
One investment, more than any other, has proven to be a terrible storehouse of value for well over 80 years. While some disasters unfold rapidly (Enron, subprime mortgages, etc.), this investment’s decline has occurred in slow motion, losing an average of 3.6% a year. Indeed, you can hardly find a period in the last 89 [...]
As job losses rise, growing numbers of American homeowners with once solid credit are falling behind on their mortgages, amplifying a wave of foreclosures. Problems Grow for Prime BorrowersIn the latest phase of the nation’s real estate disaster, the locus of trouble has shifted from subprime loans — those extended to home buyers with troubled [...]
