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September 18, 2013
After election day, Angela Merkel plans a significant change as she will lack a majority of Germans really behind her and she has always changed direction with the political wind. According to the polls, the majority of Germans have had enough of Brussels. We will see a shift in trend whereby there will be a resurgence […]
September 17, 2013
There is only one country that has bought massive long-term U.S. bonds in July and that was Japan. They bought the incredible amount of long-term bonds totaling $52 billion. Most other foreign governments have reduced their holdings of long-term U.S. bonds by $62.5 billion over the same period with Russia dumping $6 billion in July. This […]
September 17, 2013
J.P. Morgan will pay a record fine with cheap central bank money in connection with the scandal of the “London Whale” J.P. Morgan must pay at least $ 800 million penalty. The largest bank in the United States has acknowledged errors in internal control. The proprietary trading never ends. They are not a bank – […]
September 17, 2013
The French Finance Minister Pierre Moscovici wants a common European unemployment insurance to be established. The French have difficulties to cover the high cost of unemployment. In this way German taxpayers’ money could be diverted to France. Moscovici wants a “strong supranational budget”. There is simply no end to their insanity.
September 17, 2013
QUESTION: You said all along Yellen would be in. Why? ANSWER: The markets have cheered the news that Larry Summers would not replace outgoing Fed Chairman Ben Bernanke. On the Hill, both the Republicans and Democrats were deeply skeptical of Summers because of his connection with the bankers and many blamed him for the 2007-2009 financial […]
September 17, 2013
Obama has waived the ban on arming terrorists to allow aid to Syrian opposition. How much money has been confiscated in the USA for allegations of funding terrorists? When Obama wants to fund a pipeline through Syria, then he will fund the worst or the worst when he imprisons others for doing so and […]
September 17, 2013
We cannot escape the fact that people have lost their faith in government. The latest polls show the approval rating of the US Congress has fallen to 11%. When the USA started bombing Libya, even support for Muammar Muhammad al-Gaddafi was at 85% and at its lowest point it was 15%. Today, 57% of voters not affiliated with either […]
September 17, 2013
COMMENT: “You should stop this anti-union propaganda nonsense. Before unions, children used to work in dangerous factories at 12 years old and their fathers died at 30 from cancer if they had the chance not to get crushed by the machines themselves. Before unions, life wasn’t better: if was far worse. You should stop the […]
September 16, 2013
Far too often we quickly forget history – even recent events of just a few years ago. It was on April 27, 2010 during the Senate’s permanent subcommittee on investigating Wall Street’s latest crisis, that the most memorable moment burst onto the scene. Democratic Senator Carl Levin of Michigan held up an e-mail that had been written almost […]
September 16, 2013
The unemployment among the youth is a major issue as to how the system is collapsing. Politicians do not grasp that taxes reduce spending that reduces economic expansion and that reduces growth and employment. They do not understand that small government is necessary – not huge government wasting people’s money and reducing the standard of […]