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Category Archives: Financial
Boeing to Partly Move Production Out of Washington State Following Union Vote
Boeing will move portions of its airplane construction out of Washington after a local union rejected a contract offer that would have saved the company $8 billion. A company spokesman told theWashington Free Beacon that the company had no choice but … Continue reading
So WalMart Was An Anomaly Eh?
by Karl Denninger Uh huh. That’s why Target just reported a quarter with hair all over it and missed as well? Oh, and Dollar Tree? Same deal. Sears also had a crap number. Go ahead folks…. keep buying stocks when, as I’ve … Continue reading
Welfare Recipient: “I Get to Sit Home… I Get to Smoke Weed… We Still Gonna Get Paid”
httpv://www.youtube.com/watch?v=a_r_v9cYBPY While millions of Americans spend half their lives or more toiling for a paycheck, millions more are sitting on the sidelines waiting for the government to issue them their next monthly distribution. You’d think that emergency funds or government subsidization … Continue reading
And So It Starts: the End of the Dollar
China Fires Shot Across Petrodollar Bow: Shanghai Futures Exchange May Price Crude Oil Futures In Yuan With the US shale revolution set to make America the largest exporter of crude, however briefly, the influence of Saudi oil is rapidly declining. … Continue reading
Sebelius asked to explain $2B in Obamacare loans
Several leading GOP members of Congress are asking Health and Human Services Secretary Kathleen Sebelius, under whose watch the Healthcare.gov website rollout has experience one fiasco after another, to explain the $2 billion in taxpayer money loaned to various interests … Continue reading
Today’s Wealth Destruction Is Hidden by Government Debt
Still unnoticed by a large part of the population is that we have been living through a period of relative impoverishment. Money has been squandered in welfare spending, bailing out banks or even — as in Europe — of fellow … Continue reading
What Ben Bernanke Said at Dinner Last Night
November 20, 2013 Washington DC Last night I attended a private function put on by the National Economists Club where the guest of honor was none other than Ben Bernanke. You can read his full speech to the attendees here. Meanwhile, I’m still … Continue reading
Posted in Editorial, Financial
Tagged Ben Bernanke, Simon Black
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Negative Interest Rates Coming from the Fed?
In typical FedSpeak, the latest announcement from the Federal Reserve details how the future economic conditions are improving (like they have been stating for the past five years). For anyone who still has money in a bank receiving zero interest, … Continue reading
Jim Rogers: “Own Gold” Because “One Day, Markets Will Stop Playing This Game”
httpv://www.youtube.com/watch?v=9zm6SwYaGIc Jim Rogers hope-driven wish is that the politicians were smart enough at some point to say (to the central bankers), “we’ve got to stop this, this is going to be bad.” He adds, on the incoming QEeen, “she’s not … Continue reading
Posted in Editorial, Financial
Tagged Gold, Jim Rogers
Comments Off on Jim Rogers: “Own Gold” Because “One Day, Markets Will Stop Playing This Game”
What the World Would Be Like Without Capitalism
FREEMANSPERSPECTIVE Some people say that the search for profit is abusive, heartless, evil, and so on. I’m not particularly in love with profit for its own sake (and I certainly don’t think it justifies abuse), but a reflexive condemnation of … Continue reading
Collecting Donations For Wal-Mart Employees That Cannot Afford Thanksgiving Dinner?
You may find what is happening at one Wal-Mart in Ohio very hard to believe. At the Wal-mart on Atlantic Boulevard in Canton, Ohio employees are being asked to donate food items so that other employees that cannot afford to … Continue reading
White House, HHS warned about ObamaCare website in March
httpv://www.youtube.com/watch?v=0qIXEcvaH-k The Obama administration was warned as early as March about potential risks with the implementation of HealthCare.gov, according to documents released by the House Energy and Commerce Committee Monday night. Key administration officials at the White House and Department … Continue reading
Posted in Editorial, Financial, Health Care
Tagged Obamacare
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Treasury Forced to Issue $1T in New Debt in First 6 Weeks of FY14
Between Oct. 1, 2013, the first day of fiscal 2014, and Nov. 14—which was less than a month after Congress agreed to temporarily suspend the legal limit on the federal debt—the Treasury was forced to issue more than $1 trillion … Continue reading
Posted in Domestic Enemies, Editorial, Financial
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The October 2012 Pre-Election Jobs Report Was Faked
On Friday October 5, 2012, the BLS released what was arguably the most important report of Obama’s first term: the final jobs number, and unemployment rate before the November 2012 presidential election. As so many predicted, it “plunged” from 8.1% … Continue reading
Posted in Domestic Enemies, Editorial, Financial
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Food for Thought Concerning Bitcoin
Feds give thumbs up to bitcoin Virtual currencies like bitcoin have legitimate uses and should not be banned, federal law enforcement officials told a Senate panel Monday. While the officials warned that virtual currencies are popular with drug dealers and … Continue reading