There is a rise in the global economic uncertainty.that is even felt in Southeast Asia. Even a survey of Ernst and Young just revealed that 40 per cent of companies in the region are pessimistic about their profitability, compared to only 30 per cent of companies about six months ago that included 118 Southeast Asian […]

The most serious problem we face has been the Marxist-Keynesian presumption that government is even capable top manipulating the economy. Paul Volcker in his 1979 piece Rediscovery of the Business Cycle, address this nonsense stating that effectively the collapse in the Gold Standard that was followed by the 1974-1976 Recession defied this notion about “New […]

Warrantless searches are up substantintially and that will be the platform for collecting taxes. This is why 30,000 more IRS agents were hired to start with the Healcare in January. The constitution is completely dead. This was the very reason that sparked the American Revolution. As John Adams said and was quted by the Supreme […]

Joe Biden is a great bullshit artist. I loved the way he keeps talking about taxing the “super rich” making everyone think it is Warren Buffet and Bill Gates. The truth is it is a couple each earning $125,000 GROSS!!!!!!!!!!!!!!!!!!!!!! Tell the damn truth. He makes it sound that the whole problem is the “super […]

The Dow has backed off along with gold. The support to watch right now lies at 13200. A daily closing below this area is necessary to signal a shift in trend back to retest support. We will be looking at the Weekly levels on this tomorrow,

Gold rallied nicely and stopped at the target resistance we had at the Weekly Bullish Reversals. Right now, support begins at 1755. This is the first MINOR Daily Bearish Reversal. A close below this will shift the momentum in gold back to a neutral position. There is no indication of a actual breakout to the […]

Merkel is being really demonized in Athens for the German fear of hyperinflation imposing deflation as the solution. Politicians must wake up before they tear Western Society apart. There is no way out with austerity. You cannot cut everything to pay the debt. Social unrest will tear everything apart and 2014 is not looking very […]

http://www.bangkokbusinessbrief.com/2012/10/09/financial-and-investment-guru-martin-armstrong-to-hold-exclusive-conference-in-bangkok/#more-20436

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 […]