http://www.whitehouse.gov/omb/budget The President’s 2013 Budget is out and it should be stated that there is no forecasting ability incorporated in this report. The projections are based on the assumption that what is in motion stays in motion. So the increase in interest expenditures that they freely show here will exceed all nondefense spending in the […]

 The Iranian Rial The Iranian Rial has come under tremendous pressure. Internally, the currency is depreciating in purchasing power at an astonishing rate. Internationally (illustrated here), the Rial has fallen generally to the 123.50 level from the 79 to the dollar level back in 2003. Internally, the Rial has just suffered one of the most […]

Asia – The Coming New Financial Capital of the World   One of the most significant advantages of gathering historical information on the rise and fall of nations throughout history, has been the discovery of the true nature of the world economy and its interactions with mankind. Nothing lasts forever. There are four seasons to […]

One of the Question at the San Diego Conference was about the acceptance of cycles in the West. In Asia, cycles are part of their religion. In the West, the Business Cycle has been acknowledged by everyone of any substance, The theories of Marx and Keynes had a common denominator – government can eliminate the […]

One of the primary mistakes that the Federal Reserve is making has been to follow the same policy of Japan with exceptionally low interest rates. While the theory that lower interest rates will stimulate borrowing, the false assumptions are many. (1) banks will pass on the savings, (2) they ignore the devastation imposed upon the […]

  The European World Economic Conference Berlin, Germany December 1st & 2nd, 2012 STEIGENBERGER HOTEL BERLIN Los-Angeles-Platz 1, 10789 Berlin, Deutschland Telefon +49 30 2127-0  Telefax +49 30 2127-117 E-Mail berlin@steigenberger.de How to Survive the Sovereign Debt Crisis, Droughts & Global Warming, and Global Correlation of Worldwide Investments One Day Sunday only $750 Two Days $1,500 […]

The Asian World Economic Conference November 2nd & 3rd, 2012 Grand Hyatt Erawan Bangkok 494 Rajdamri Road, Bangkok, Thailand 10330 How to Survive the Sovereign Debt Crisis, Droughts & Global Warming, and Global Correlation of Worldwide Investments One Day Sunday only $750 Two Days $1,500 or $2,000 Including 6 month Subscription to the Global Market Watch Needed […]

HARRIS v. McRAE, 448 U.S. 297 (1980) 448 U.S. 297 HARRIS, SECRETARY OF HEALTH AND HUMAN SERVICES v. McRAE ET AL. APPEAL FROM THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF NEW YORK. No. 79-1268. Argued April 21, 1980. Decided June 30, 1980. Title XIX of the Social Security Act established the Medicaid […]

The computer called for a high at this time a year ago. There is nothing new. The same old news of QE3 will be inflationary is just nonsense. We have massive deflation still going on. The key to watch is interest rates. Do a simple correlation and you will see that inflation requires rising interest […]

Things are turning so negative so rapidly, this is really starting to appear like the fall of Rome. The UK is tripling all fines related to taxes according to the FT. Europe & Australia and imposing a carbon tax and this of course is necessary for the environment as long as it ADDS revenues. Whatever […]