Category Archives: Financial

The Definition of a Petulant Child

Posted on July 28, 2011 by DRenegade

Debbie Wasserman Schultz made the following comment today: “Aren’t we at the point where the closer we get to chaos, the more concern that  there should be about coming to the table and compromising with Democrats? This is not leadership. … Continue reading →

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If You Can’t Fix It, Do A Comedy Routine

Posted on July 27, 2011 by DRenegade

I watched C-Span2 in disbelief as Al Franken gave his talk on the debt ceiling today. I understand the use of hyperbole to give his view of our fiscal crisis but is this the time for theatrics on the floor of … Continue reading →

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All I Need to Know about the State of Our Economy Is DXY:IND and GLD

Posted on July 26, 2011 by DRenegade

DXY:IND is the dollar spot index and GLD is the ETF for gold. The dollar spot index represents the value of our FRN vs. a basket of world currencies. Although the dollar has risen recently, this was an anomaly due to … Continue reading →

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TREASURY SEC. GEITHNER REVEALS FAILURE OF LEFT by Frank Roche

Posted on July 25, 2011 by DRenegade

On this week’s, Fox News with Chris Wallace, Treasury Secretary Tim Geithner aggressively revealed a damming truth while laying out his case for raising America’s debt ceiling. Geithner, on the defensive (seems like he has been since he was plucked … Continue reading →

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Boehner Says Republicans Must ‘Sacrifice’ to Avoid Default

Posted on July 24, 2011 by DRenegade

The Speaker of the House of Representatives has announced that Republicans must sacrifice to avoid default by raising the debt ceiling. I have several issues with Mr. Boehner’s statement. Not raising the debt ceiling does not mean default. Raising the … Continue reading →

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Ron Paul Presents the Choices on the Debt Ceiling

Posted on July 24, 2011 by DRenegade

httpv://www.youtube.com/watch?v=mzMj6862o8Q

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The Buck Ended Here

Posted on July 24, 2011 by DRenegade

The debt ceiling “crisis” is on center stage today. I received an email again today with the following quote from then Sen. Obama in 2006: “The fact that we are here today to debate raising America’s debt limit is a sign … Continue reading →

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The Tea Party is Playing Russian Roulette and They Will Lose

Posted on July 23, 2011 by DRenegade

John Boehner will present a plan to raise the debt ceiling by Sunday (July 24th) evening. This deadline is to prevent a “roil” when the Asian stock markets open tomorrow night. Keep in mind that this will only be a … Continue reading →

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CongressCritter Price and the Debt Ceiling

Posted on July 22, 2011 by Hans

Dear CongressCritter Price I did not write to you to solicit your view on the debt ceiling… I gave you a specific instruction: DO NOT RAISE THE DEBT CEILING. Do not lie to me by implication. “Default” is a threat … Continue reading →

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The Crisis Is Upon Us

Posted on July 22, 2011 by DRenegade

The debt ceiling deadline is August 2nd. The House of Representatives sent Cut, Cap and Balance legislation to the Senate and left Washington. The Senate did not approve the House bill, Harry Reid said it was now up to the … Continue reading →

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The Buck Ended Here

Posted on July 19, 2011 by DRenegade

The following list comes from an article on businessinsider.com. At the risk of causing “prepper fatigue”, it is important to stay informed and be prepared. The debt ceiling talks in Washington have degenerated into which political party can make the … Continue reading →

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Have You Read the Latest New York Federal Reserve Report?

Posted on July 18, 2011 by DRenegade

The New York Branch of the Federal Reserve Bank issued a report on July 15th concerning the results of their survey of New Your manufacturers. The report “indicates that conditions for New York manufacturers deteriorated for a second consecutive month”. … Continue reading →

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What Does the Price of Gold Signify?

Posted on July 16, 2011 by DRenegade

Gold closed at $1594.10 an ounce July 15th, 2011. This is an increase of 7.5% in two weeks but the media has not focused its coverage on this important event. The price of gold is determined by two factors: the … Continue reading →

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What Does August 3rd Mean to You?

Posted on July 14, 2011 by DRenegade

As president Obama is in the midst of bitter partisan negotiations to raise the government’s debt ceiling yet again, the country is waiting to see what the August 2nd deadline will bring. If the crisis is not resolved by the … Continue reading →

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Breaking News: President Obama’s Campaign Manager Admits Contributions From Outside the United States

Posted on July 13, 2011 by DRenegade

The following video outlines the fundraising efforts for the re-election of Barack Obama in 2012. Jim Messina is Mr. Obama’s campaign manager and he states that more than $86 million dollars has been raised so far.     httpv://www.youtube.com/watch?v=hlypjw9i7Vg There … Continue reading →

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