fmccraw

Orwellian Finance: Is 1984 Happening in 2009?

Hear, Hear - brilliant compendium of current events, history, and trends over the past century. We are indeed in an increasingly Orwellian / Huxley society and the sheeple accept the soma of government bread and circus programs while their liberties and wealth are stealthily stolen by the government. Everything under the name of the pursuit of "security." Why does FEMA exist??? It is just one more government agency to engage in fingerpointing with (2) state and (3) local governments when things go wrong. If there weren't expectations that Uncle Sam would be bringing zillions of USDs along with him to the site of an emergency, the locals would have NONE OF IT - that's for sure.

If there were a federal balanced budget amendment NONE of this would be happening because those yellow pols wouldn't have the nerve to raise a nickel of taxes to pay for any of it.

The accommodative Federal Reserve should be shut down immediately. A national government policy that says "we don't believe in positive interest rates" after generating 3 rolling asset bubbles by a less extreme implementation of the same policy is setting up the mother of all bubbles in treasuries.

How quickly we have squandered our position as an international leader. Our only hope is in a balanced budget amendment and term limits ASAP!

Commodities ETFs vs. ETNs: Which are Better?

good point, danwalk - i was expecting to find at lease a little discussion of the credit risks between ETFs and ETNs, in addition to any differences in their underlying investment vehicles

FOMC Minutes: Bernanke's Crystal Ball Is Broken

Ben's crystal ball isn't cloudy. He is willfully subjecting the US to a scorched earth policy following a deeply flawed economic theory that by-the-way benefits the bankers who own the Fed.

Where is the Thomas Jefferson or Andrew Jackson of our age who has the fortitude to stand up against the New Yorkers using the national central bank for their own benefit to the detriment of the rest of the nation or world?

Interview: Congressman Alan Grayson Demands Important Answers from the Fed

Alan Grayson's deadpan delivery of series of damning questions to monetary and oversight officials, his ironic responses, and strategic use of "silence" after responses are truly awesome. There are a number of YouTube videos on this theme.

Government's Ponzi Scheme: 1000 Times Worse than Madoff's

The problem with our currently interpreted government / economic system is that we can see this trainwreck coming, but the 2 or 3 concentrated present vested interests can block any change or reform. Maybe the present Bernanke helicopter drops will result in the whole system coming down with a "bang" instead of a "whimper" and we can start over again from the basics - like a one page federal tax guide and no lawyers.

The Biggest Problem Detroit's Big Three Face

are you on drugs?

"$150 billion in annual tax revenues" associated with GM?

is GM a tenth of the entire US economy? in the 50s they used to say, as goes GM so goes the US, but that was only hyperbole, and the world has changed since the 50s.