smiley1

Scary Drop in Velocity of Money: Is Deflation Knocking?

By definition fiat money and fractional reserves create a monetary system that is fraudulent and subject to manipulation and corruption on many levels.

Just because many / most other nations use the same system doesn't mean is the correct system over the long term, as we shall learn...

Ghost Malls: Coming to Your Town

Tazman, I like the way you think and I hope you are right. However, since I am in the CRE industry my prediction is that a number of marginal malls will die on the vine. The first domino is the loss of one or more anchor stores. In my neighborhood that's Dillard's, Macy's, Belk and a few others. Dillard's has been and will continue to close stores. If a mall loses 2 of its 3 anchor stores in this environment it will certainly die a slow, slow death, as the smaller stores can't survive on their own over the long term. Check out deadmalls.com and watch the list of 'dead malls' grow in 2009 and 2010. While I hope to goodness I'm wrong, I doubt it...particularly after reading this very sobering article. Happy shopping!

On Jan 20 11:24 AM tazman wrote:

> While there will be some loss of stores in malls, there are stores
> who are looking to expand as well. Not everyone is doing poorly.
> I do think we will see some small strips going dark, however the
> likelyhood that a major mall will be a ghost town is highly unlikely.
> You might see a few more dark storefronts for a while, you are not
> going to see enclosed malls going dark. We need to be realistic
> about what is happening, but we also need to be careful to not buy
> in to the radical doom and gloom you hear everyday. You don't want
> to have a self fulfilling prophecy.

Are You Kidding? CBO's Laughable TARP Claims

All crooks...CBO must have asked the Fed for help with its accounting for these 'Toxic Assets'...what an oxymoron...who else would have invented that term...gnomes...

The Rise of an Epic Financial Crisis

Fiat money and trinkets from China don't get you very far when the chips are down and the loans come due...

Psychology of the Bailouts

I think the Fed is bankrupt by any standard, public or private...

Bernanke's Great Lie: The Gold Standard and the Great Depression

Thanks much for your hard work, Jake. Common sense tells me that once you open the Pandora's Box of fractional / fiat money systems it's just a matter of time until incompetence, greed and corruption take their toll...welcome to our world!

Deconstructing the Fed's Balance Sheet

'other assets' gimme a break...there is no transparency here...if there were, we'd all be running for the hills....

Deconstructing the Fed's Balance Sheet

The Fed is bankrupt...fancy accounting or no fancy accounting...the 2+ trillion on their books isn't worth $0.5 trillion at the end of the day...