Category Archives: Financial

Ditch The Duct Tape; The Problem Is Insolvency

Posted on July 24, 2012 by DRenegade
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US buyers turn to Brazil for cheap corn

Posted on July 24, 2012 by DRenegade

The US is turning to Brazil for help with corn supplies as low stocks and the worst drought in half a century haunt the world’s leading grain exporter. Meat companies including top pork producer Smithfield Foods have arranged to ship Brazilian corn … Continue reading →

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Prosecutors, regulators close to making Libor arrests

Posted on July 22, 2012 by DRenegade

(Reuters) – Prosecutors and European regulators are close to arresting individual traders and charging them with colluding to manipulate global benchmark interest rates, according to people familiar with a sweeping investigation into the rigging scandal. Federal prosecutors in Washington, D.C., … Continue reading →

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The Economic Collapse For Dummies

Posted on July 21, 2012 by DRenegade

httpv://www.youtube.com/watch?v=sKqWmI5AGto If you watch all my videos, although down to my very first one, I have always predicted a stock market crash prior to hyperinflation which is a currency crisis. Don’t think about printing when you think about hyperinflation, think … Continue reading →

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There Goes Spain

Posted on July 20, 2012 by DRenegade

The people in Spain are protesting throughout the country as the austerity measures have cut government payrolls and services. The country cannot afford to borrow money at 7.3% to finance its debt. Once Finland forced Spain to provide hard guarantees … Continue reading →

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Spain police clash with austerity protesters

Posted on July 20, 2012 by DRenegade

httpv://www.youtube.com/watch?v=4h-IsK9t0qs From YouTube (courtesy of Al Jazeera): Eurozone ministers are expected to give their final approval of a huge bailout of Spanish banks on Friday. But in Madrid, police fired rubber-coated bullets to disperse protesters. They are angry at the … Continue reading →

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David Stockman: Austerity Is Not Discretionary

Posted on July 20, 2012 by DRenegade

httpv://www.youtube.com/watch?v=jKprapaBXPo From YouTube: At the latest Casey Research Conference, “Recovery Reality Check” in Weston, Florida, Casey Research’s Chief Technology Investment Strategist Alex Daley sits down with David Stockman, former Director of the Office of Management and Budget under President Ronald … Continue reading →

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As The US Drought Spreads To India, Will The Black Swan Be Deep Fried

Posted on July 19, 2012 by DRenegade

By now it should be more than clear that the entire hope-based, short-squeeze driven, algo-mediated rally is the result of the last traces of hope: with the US economy openly in free-fall mode, housing supported only by once again increasing shadow … Continue reading →

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Food Hyperinflation – Part II

Posted on July 19, 2012 by DRenegade

The above chart (from CNN.money.com shows the price increases for corn, soybeans and wheat for July 18, 2012 and the opening electronic prices underneath for July 19th. Adding the two price increases together shows an increase of 3.16%, 3.61% and … Continue reading →

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Santelli Slams “It’s Not My Job” Bernanke And Screams “Enough Is Enough”

Posted on July 18, 2012 by DRenegade

More…

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Food Hyperinflation Is About to Hit the United States

Posted on July 18, 2012 by DRenegade

The commodities shown above from CNNMoney.com shows the impact of the drought on the price of corn, soybeans and wheat. All three surpassed 52 week highs today (July 18, 2012). Couple this with the price of gasoline once crude oil … Continue reading →

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Bernanke slams Ron Paul’s Fed audit bill

Posted on July 18, 2012 by DRenegade

Federal Reserve Chairman Ben Bernanke on Wednesday rebutted Republican lawmakers pushing a bill that would give Congress the ability to review monetary policy decisions, saying it could compromise central bank independence. Bernanke said it would be a “nightmare scenario” if … Continue reading →

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Project Veritas: Legislators, Union Bosses Seek Funding for Digging Holes and Filling Them Back In

Posted on July 18, 2012 by DRenegade

httpv://www.youtube.com/watch?v=nHYFONbT8EM From YouTube: Undercover reporters posing as “Earth Supply and Renewal” — group dedicated to digging holes and filling them back in, meet with Labor Bosses, NY Legislator, and former NY Assemblyman, who tell them how to secure funding for … Continue reading →

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BofA Reports $2.5 BN Net Income On $1.9 BN Reserve Release, Private Repurchase Request Claims Soar

Posted on July 18, 2012 by DRenegade

There were several numbers one should focus on today’s Bank of America earnings release. They were not the Net Income EPS ($0.19 which beat estimates of $0.15), the Income before income taxes of $3.4 billion, nor Revenue net of interest … Continue reading →

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Government Employees, Unions, and Bankruptcy

Posted on July 18, 2012 by DRenegade

by James E. Miller During an economic boom, exuberance finds itself lodged in all types of industries.  When profits soar, so does the public’s disregard for prudence.  And as tax revenues rise, politicians can’t help but give in to their … Continue reading →

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