joeflynn

The Truth About Goldman and AIG Becomes Clearer

The financial system is corrupt, why aren't you?

King Coal Gets $3.1B to Clean Up Its Act

Waste of money. Show how powerful the coal industry is in Washington. Better investment would be to build more nuclear plants.

Fernholz vs. Taibbi

Historically, government agencies created to protect the public from some activity succeed initially with the mandate. As time passes and new adminsitrations are elected, new political appointees head those agencies and have strong ties to the industry that the agency regulates. The new political appointees change the mission of the agency from protecting the public to protecting the interests of the industry that it is to regulate. A recent example is the SEC.

No matter what new agency is created today it will be headed by a political appointee that will protect the interest of the industry over the interest of the public.

The Destruction of the Dollar: It's Nearly Inevitable

You are placing the blame on the Fed and not looking at the motives of the Chinese and other Asian nations to buy our debt. The Asian countries are export dependent and must have a buyer of their products to achieve empolyment goals. The Chinese view is that to loose in a currency trade in the short term (20 to 30 years) is acceptable because it creates employment for 30 million Chinese workers each YEAR. The Chinese Central Government has a MASTER plan to facilitate the movement of 30 million Chinese from rural poverty areas to developed areas and give them manufacturing jobs.

Think about it, If you were a Chinese leader would you rather loose billions in currency losses or face 30 million unemployed angry workers. The rulers of China remember the rise of Mao and how rioting rural peasants can over throw a central government. The Central Government wants a prosperous and growing economy even if it means manipulating world currencies to do it.

And the "American" multinational companies are more than happy to engage because the low wage labor of China ensures higher profits than American or European labor.

Perkins' 'Hoodwinked' Offers Solutions to the Economic Crisis

It is a pipe dream. Management will never act in the best interest of shareholders or the country. Management will do everything possible to enrich themselves. Just look at Goldman Sachs, one of their leaders believes they are doing GOD'S work ripping everyone off.

Forecasts Ahoy - Entering Uncharted Waters

Those surprised by the rally since march must never have heard the old saying "don't fight the fed". If the Fed keeps printing money and the Chinese continue manipulating the dollar then the big moves will continue to be oil and gold.

The bubble today and tomorrow will be the Chinese economy.

The Gold Market Fights Back

Gold traders are going to be shocked when the government passes a "special" transaction tax on gold, gold ETFs and gold miners. Unlike Roosevelt, Obama can not outlaw gold ownership but can tax any and all transactions.

Is Alpha Now Illegal?

alpha is a stick, a con, some fancy financial concept for MBAs, PhDs, and quants to convice fools that they can get them higher returns for less risk. Just look at LTC's failure. The smartest guys in the room were just con men working their stick.
But as long as there are fools there will be con men with MBAs, PhDs, to get the fools money.

U.S. Government's Size: The Slow-Motion Crisis

good article Chris. But the Unions will not give up any benefits. The government unions are responsible for the high wages and pensions.

25 Reasons We Will Not Have a Depression

Probability of a balanced budget = 0
Probablility of another trillion dollar deficit = 100%
Probability of Fed/Treasury bailing out another financial company>50%
Probablility of bad loans becoming good loans = 0
Probability of China of buying more US currency(bonds) to manipulate the value of the dollar= 100%
Probability of other Asian nations of buying US currency/debt to reduce the effect of Chinese currency manipulation = 100%
Probability of higher payroll taxes = 100%
Probability of Fed pursing higher inflation targets to combat both deflation and Chinese currency manipulation = 100%

Okay, now what is the trade to profit from all this?

What is the expected out come of each event and it's probability.
What time frame? more than or less than 12,24,36 48 months.

Real estate is still in a deflationary trend. Probaility 100% will continue until excess houses are sold and employment growes. Time frame >1 yr.

Stock Market will continue to rise as long as Fed continues to provide liquidity p>50%

Understanding the AIG Decision

The truth is the Goldman guys (Paulson) populate important positions in the Federal government and have control over the banking system. We the people are nothing to them. Ben Bernacke is powerless against the big money interests and at time colludes with them.

The financial system is corrupt. Any rationalization of the past behavior to wash it of the fraud perpetuated is either out of ignorance or duplicity.

And the lies keep coming.

That is one reason why the price of gold keeps going up. The loss of FAITH in the system, in the Fed, in the dollar, in our government. Those investors that can see the lies will try to hedge against the lies by investing in non-dollar assets.

The Global Oil Scam: 50 Times Bigger than Madoff

What ever the truth is about oil you have to give credit to those Goldman guys for ripping everyone off. I wish I was on their team and got their bonuses.

Barron's' 'Miller Time' Completely Misses the Math - and the Mark

This explains clearly why trusting what is printed in Barron's can be hazardous for your financial health.

China Needs to Look Within for Solutions to the Falling Dollar

Thank you for stating what every politician is afraid to say publicly. Maybe someone in Washington D.C. will listen and act to end the Chinese currency manipulation.

How Did Economists Blow It? Part 3 – The Assumed Markets Theory

bravo. free markets don't exist.