The money printing presses of the developed economies are operating at full speed as the US, Japan and Europe have all announced monetary “easing” measures seen as necessary to spur stagnant economic growth….
Tag: money
There were no memorable lines in President Obama’s second inaugural address. Certainly nothing like Franklin Roosevelt’s “The only thing we have to fear is fear itself,” which was in his first inaugural, or like John…
“How do you solve a problem when you’re running a 10% fiscal budget deficit? You are not going to get growth without private sector credit demand. The government’s idea right now is that we’re going to export our way out of this, and when I asked a senior member of the Obama administration last week how are we going to grow exports if we will not allow nominal wage deflation? He said, “We’re going to kill the dollar.” Kyle Bass interview. Last week, amid growing rumors of a global currency war, the Fed’s balance sheet broke the $3 trillion-mark for the first time in history.
As a sop to outraged public opinion over Wall Street’s looting of the real economy, criminal banksters are coming under increased scrutiny by federal regulators. Scrutiny however, is not the same thing as enforcement of laws…
“Hallucinated adventures that were not implemented and would not be implemented…”—Ehud Olmert The Israeli Administration is far from being transparent; people working for it prefer to be secretive than to face the embarrassment of being…
After the financial crisis of 2008-2009, there were constant “nagging attacks” on the U.S. banking system. It all started with the action of the billionaire Michael Bloomberg against the Federal Reserve System, who demanded…
NEWS ANALYSIS (The Borowitz Report)—One day after the costliest Presidential election in U.S. history, Americans awoke to the ugly realization that the nation had spent $2.5 billion with absolutely nothing to show for it. “Four…
The best democracy money can buy wins every time. It’s done with electronic ease. It’s the American way! “Well, he might have,” said Mark Crispin Miller on his blog site. He doesn’t know. Nor do…
Charles Goyette: On learning that French gold was being held by the U.S. Federal Reserve, French President Charles de Gaulle is reported to have said, “I could hardly sleep easily with such an arrangement.” So…
Recently, I was boarding the C train in New York City where I encountered a woman who looked to be in her late 70’s sitting on the subway wearing a t-shirt which read: IS…